FTX Outlines Token Selling Plan | Crypto Daily Digest Sep.14
FTX got court approval to sell its crypto assets with a weekly selling limit.
The judge has granted permission to bankrupt FTX to liquidate its crypto holdings. In our newsletter from yesterday, we briefly discussed the potential impact of this sell-off on the performance of various tokens. Now, FTX has provided more details regarding its plan for handling these crypto assets.
Which Tokens Will Be Most Affected by the Upcoming FTX Selling? | Crypto Daily Digest Sep.13
FTX intends to sell its crypto holdings in a series of weekly batches, starting with an initial cap of $50 million for the first week and $100 million for subsequent weeks. FTX may potentially raise this limit, up to $200 million, with the prior written approval of the creditors' committee or through court approval.
However, it's important to note that not all assets will be treated the same way. BTC, ETH, and certain tokens associated with insiders will follow a distinct process. These tokens can only be sold after providing a 10-day notice to the creditors' committee and the US trustee.
Today's Market
Source： TokenInsight Gainers and losers
Headlines
US Court Allows FTX to Sell Its Crypto Holdings
Polygon Releases Three Proposals on 2.0 Upgrade
TokenWiki: What is Cosmos v12 Upgrade
Other News in Case You Missed it:
Banana Gun Refunded 740 $ETH to 591 Wallets in First Phase of Compensation
Cosmos Hub Launched Liquid Staking Module, Impacting $ATOM Inflation Rate
Visa Releases Report Highlighting Solana's Technical Advantages for Payment Business
Circle and Grab Partnered to Integrate Web 3 Services into the Grab App
Three Arrows Co-Founders Zhu Su and Kyle Davies Banned from Business Activities in Singapore
Real World Assets Focused DEX, Mauve, Launched Today
Machi Big Brother Proposes to Purchase Yuga Assets with 11M $APE Tokens and Issue $DAM Tokens
Aptos to Unlock $103 Million $APT Tokens to Team and Investors in November
What's New from TokenInsight？
The King of Restaking: Is EigenLayer's Business Model a Gem or a Mud: There has been a lot of buzz around EigenLayer's restaking recently. Today, we want to focus on EigenLayer's business model. So, how does EigenLayer's business model work? Can EigenLayer be profitable? Let's dive in and find out.
What is ERC-6551: The most important innovation for NFTs after ERC-721
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
