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FTX Estate Stakes $122 Million Worth of Solana: On-Chain Report


The FTX bankruptcy estate has staked over 5.5 million Solana (SOL) tokens, valued at a substantial $122 million, from one of the exchange’s main Solana blockchain wallets. The action was revealed through on-chain data from blockchain explorer SolanaFM and was first reported by The Block. One...

Wipe Out — Fake SEC Approval Report Erases $71M in Bitcoin Short Positions


In the wake of fabricated news asserting the U.S. Securities and Exchange Commission (SEC) green-lit Blackrock’s Ishares spot bitcoin exchange-traded fund, short positions worth $78.92 million were cleared out. This sum represented 57% of the overall $136.29 million in short positions erased...

Hong Kong's OSL Crypto Exchange Explores Sale at $128 Million Valuation


Hong Kong-based BC Technology Group Ltd. is reportedly in the early stages of considering the sale of its crypto exchange platform OSL.  OSL is one of only two exchanges in Hong Kong licensed under the digital-asset rules introduced by the city in June.  As per the Bloomberg report, BC Technology...

Binance Completes 25th Quarterly BNB Burn, Removing $453 Million in Value


One of the world's largest cryptocurrency exchanges, Binance, has successfully completed its 25th quarterly BNB token burn, reducing the supply of its native cryptocurrency, Binance Coin (BNB).  In this latest burn, a total of 2,139,182 BNB tokens were removed from circulation, translating to...

The 12-Year Evolution of Litecoin and Its Most Influential Wallets


This month Bitcoin.com News delved into the top ten XRP wallets, having scrutinized the leading bitcoin, ethereum, and tether addresses the month prior. Next on the radar? An exploration of the top ten litecoin (LTC) wallets, standing out from 7.14 million distinct LTC-holding addresses. Often...

FTX Estate Stakes 5.5 Million SOL; Millions Locked Until 2028


Blockchain records have shed light on a development involving the trustees of the now-defunct exchange FTX, who are overseeing its bankruptcy proceedings. They have committed 5.5 million solana (SOL) for staking. Meanwhile, the current market value of FTX’s total solana assets is a hefty...

China Opens Digital Yuan Park in Shenzhen


Shenzhen has become home to an industrial park established to promote China’s central bank digital currency (CBDC). Several financial companies are already settling there, the Chinese megacity announced while unveiling almost a dozen initiatives to boost the digital yuan use in the region. Shenzhen...

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