Tonight, the total net value of the US Bitcoin spot ETF exceeded 15.6439 million US dollars. The ETF GBTC net value exceeded 28.613 million US dollars in a single day
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Personal opinion interpretation: Grayscale is still the most untrustworthy and often breaks through. FTX estate plans to start auctioning the third batch of locked SOL tokens on May 9
On May 8, according to The Block, the auction of the third batch of locked Solana tokens of FTX bankruptcy estate is being auctioned. According to people familiar with the matter, FTX's bankruptcy estate administrator began auctioning about 41 million locked Solana tokens on May 9. These tokens will be gradually unlocked over the next four years, and the staking reward plan will also be released according to a specific schedule. It is part of FTX's reorganization plan, which aims to reset creditors by selling its holdings. The management team of FTX hopes that through this series of auctions, it will be able to recover more funds for creditors while clearing the uncirculated crypto assets on its asset storage table.
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Personal opinion interpretation: The tens of millions of SOL in FTX's hands are not worth auctioning.
FTX: Up to $16.3 billion in cash will be available for distribution to creditors after the sale of all assets On May 8, according to Bloomberg, according to a statement from FTX, once the sale of all assets is completed, the company will have up to $16.3 billion in cash distribution. It is reported that FTX owes about $11 billion to customers and other non-government creditors. The additional cash will currently be used to pay interest on more than 200 of the company's customers, a rare result because creditors can usually only receive partial compensation at face value in U.S. bankruptcy cases. Court documents filed with the federal court in Delaware late Tuesday show that although all debts will be paid in full and with interest, shareholders will get nothing. Type of claims held, creditors can recover 142% of the amount of some claims. However, the majority of customers may receive FTX bankruptcy protection when they hold 118% of the amount on the FTX platform that day. FTX also proposed to set up a fund to encrypt some creditors, including those who provided cryptocurrency loans to FTX, and the money would have flowed to government regulators. As FTX enters the final stage of its bankruptcy case, compensation may be obtained in a few months.
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Personal opinion interpretation: There is no problem with FTX Exchange, Zhao Changpeng maliciously dumped 100 million FTT, and Binance also lost 30 billion
On May 8, Coinbase Assets announced that NEON is now open to German residents. Users can log in to its website, iOS and Android apps to buy, sell, convert, transfer, receive or store the asset. To access transactions, users may need to refresh their applications. On May 8, according to official news, Binance Financial Crime Compliance and Investigation Team cooperated with the Netherlands Fiscal Information and Investigation Service. BlockBeats previously reported that the Binance investigation team stated that the team should use a combination of on-chain tracking and open source intelligence information (OSINT) methods to study all smart contracts of ZKasino through behavioral networks, looking for the actual controller of the contract, and the signer behind the relevant address. After identifying the suspect, Binance informed law enforcement of the identity of the account behavior that carried out the behavior. On May 8, British Economy Minister Bim Afolami said on Wednesday that the Syrian British government will implement stablecoin and pledge legislation in the coming weeks. On May 8, Japanese crypto trading platform Coincheck will seek to list on Nasdaq through SPAC On May 8, the government agency Commodity Futures Trading Regulatory Authority (Bappebti), whose responsibilities include regulating cryptocurrencies, recently established a special committee to regulate the industry.
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Personal opinion interpretation: In the future, small countries without sovereignty will rely on Bitcoin to avoid being harvested by the Americans
On May 8, according to Tether's transparency page, the authorized issuance of USDT on TON has reached 180 million US dollars, surpassing Cosmos and Near, becoming the sixth largest blockchain in terms of USDT issuance, with elephants such as TRON, Ethereum, Solana, Avalanche and Omni
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Personal opinion interpretation: Son has been working hard to build an ecosystem, and his son probably has a larger market value
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Summary: There is no destructive negative news. Bitcoin 56,600 is likely to be the bottom area of the third historical bottoming. At present, the Shanzhai April 14th is likely to be the historical bottom area. Bitcoin 56,500 is likely to be the bottom area; May 24th is the mid-term bull market of Bitcoin and Ethereum, and every plunge is an opportunity.
