The latest price moves in crypto markets in context for Sept. 18, 2023.
of tokens held by bankrupt crypto exchange FTX will not result in a market shock due to several mitigating factors, Coinbase said in a research report Thursday
. For a start, the sale of tokens won’t flood the market because liquidations are limited to $50 million per week in the first phase and then increase to $100 million in the following weeks, the report said. Coinbase notes that committees representing FTX debtors need to approve a permanent increase to a maximum of $200 million a week. According to a recent court filing, the crypto exchange holds about $1.16 billion in solana , $560 million in bitcoin , $192 million in ether and a further $1.
Bankman-Fried and the DOJ both proposed voir dire questions earlier this week, ranging from standard queries about whether potential jurors were familiar with the case to more specific questions about whether they knew people with ADHD. These questions will help the prosecutor and defense determine a fair and impartial jury. Several of Bankman-Fried’s proposed questions are “intrusive,” prosecutors wrote in the letter to Judge Lewis Kaplan of the Southern District of New York.
The token surged over 450% in the past two weeks only to turn lower after Binance listed HIFI perpetual futures on Sept. 16 at 14:30 UTC. Tokens often rally into the listing on major exchanges and then sell off on heavy profit-taking, empirical evidence discussed in the book"Crypto Titans" suggests.
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