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🔔Crypto News Flash! Bankrupt crypto exchange FTX has announced a surprising recovery, promising to pay customers $1.18 for every dollar’s worth of crypto assets held at the time of the exchange's collapse in November 2022, plus interest. This outcome, unusual in bankruptcy cases, has sparked debate over the actions of Sam Bankman-Fried, FTX's founder, who was sentenced to 25 years in prison for one of the largest financial heists ever. Current FTX CEO, John J. Ray III, claims the firm has recovered between $14.5 billion and $16.3 billion in assets. What's your take on this twist? Share your thoughts below! 👇

🔔Crypto News Flash! Bankrupt crypto exchange FTX has announced a surprising recovery, promising to pay customers $1.18 for every dollar’s worth of crypto assets held at the time of the exchange's collapse in November 2022, plus interest. This outcome, unusual in bankruptcy cases, has sparked debate over the actions of Sam Bankman-Fried, FTX's founder, who was sentenced to 25 years in prison for one of the largest financial heists ever. Current FTX CEO, John J. Ray III, claims the firm has recovered between $14.5 billion and $16.3 billion in assets. What's your take on this twist? Share your thoughts below! 👇

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📢 Breaking News: OKX, the third-largest crypto exchange, has withdrawn its application to operate in Hong Kong. This move follows a trend of other major players, including Huobi Hong Kong, retracting their applications with the Securities and Futures Commission. OKX will cease providing centralized virtual asset trading services in the region by May 31. What do you think is causing this exodus? Let's discuss in the comments! 👇 Meanwhile, exchanges like Crypto.com and Bullish are still awaiting their license reviews. Stay tuned for updates!
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📣Crypto Update: Despite the SEC's approval of spot ether ETF regulatory filings, crypto prices continue to slide. BTC is down 3.4% trading around $67,400, and ETH is down 4.5% at $3,700. The CoinDesk 20 Index (CD20) has also lost over 3.3%. The ETFs are not yet cleared to trade as the SEC still needs to approve their S-1 filings. In other news, Kabosu, the Shiba Inu dog who inspired Dogecoin, has passed away at age 17. This sparked the creation of DOGE in 2013 and later a wave of dog-themed tokens like SHIB and FLOKI. Lastly, liquidations across all leveraged crypto derivative positions soared to over $350 million during the day, the most since May 1. What are your thoughts on these market movements? Let's discuss below! 👇
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📉 Bitcoin and Ether prices have dipped, despite several Ether exchange-traded funds (ETFs) getting the green light for listing in the U.S. Ether, which saw a 20% rise in the past week, fell by 4% post-approval, a classic case of "buy the rumor, sell the news." - The U.S. Securities and Exchange Commission (SEC) approved key regulatory filings for Ether ETFs, marking a historic milestone for the second-largest cryptocurrency. - The ETFs, however, are not yet cleared for trading. The SEC still needs to approve the funds' S-1 filings before investors can buy them. - If approved for trading, a significant influx of institutional capital is expected, with predictions of inflows up to $45 billion in the first 12 months. What are your thoughts on this? Will the approval of Ether ETFs boost the crypto market? Share your views in the comments! 💬
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🔔Crypto News Flash🔔: Kabosu, the beloved Shiba Inu dog and face of Dogecoin, has passed away at the age of 17. The viral meme of Kabosu sparked the creation of Dogecoin in 2013, which started as a joke but later inspired a wave of dog-themed tokens like Shiba Inu (SHIB) and Floki (FLOKI). These tokens have since grown into one of the largest sectors in the crypto industry. A farewell party for Kabosu is scheduled for May 26th. Share your favorite Dogecoin memories in the comments below! #RIPKabosu #CryptoNews
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📣Crypto Market Update: Volatility rocked the crypto market on Thursday as traders awaited a U.S. regulatory decision on spot-based ether ETFs. ETH prices tumbled to $3,500 before surging to nearly $3,900, eventually settling above $3,800. Bitcoin also experienced a rollercoaster ride, dipping to the low-$66,000s, then spiking to $68,300 before settling below $68,000. Despite the turbulence, ETH outperformed BTC, advancing 1.5% over the past 24 hours, while BTC declined almost 3%. The day also saw over $350 million in liquidations across all leveraged crypto derivative positions, the highest since May 1. The majority were long positions, indicating over-leveraged traders were caught off-guard by the sudden price drop. What's your take on this market volatility? Share your thoughts below! 👇
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