Binance Bombshell: Voyager Acquisition, FTX Sells LedgerX & Major U.S. Bank Collapse Rumors…

 

Attention, Crypto Enthusiasts!

Here’s what’s happening in the world of cryptocurrencies today. Bitcoin (BTC), the most valuable crypto, is holding steady with a 24-hour gain of almost 4 percent, keeping it within the $28,400 range. But that’s not all — altcoins like Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC) are also making waves in the market, thanks to the positive Q1 earnings reports from tech giants like Microsoft and Alphabet.

But the real showstopper is the Injective (INJ) token, which has skyrocketed with an impressive 24-hour gain of over 15 percent! Talk about making moves in the crypto world!

With the global market cap standing at a jaw-dropping $1.18 trillion, it’s clear that cryptocurrencies are gaining serious traction. So, whether you’re a seasoned investor or just curious about the crypto craze, now’s the time to get in on the action. Don’t miss out — stay tuned for more exciting updates on Coinpedia Daily News!

Latest News

FTX Makes Mega-Million Dollar Deal, Sells LedgerX to M7 Holdings!

• FTX sells LedgerX, its derivatives trading platform, to M7 Holdings for $50 million amid ongoing efforts to resolve FTX’s Chapter 11 bankruptcy.
• M7 Holdings, an affiliate of Miami International Holdings, Inc., won the bid for LedgerX in an auction held on April 4.
• A sale hearing is scheduled for May 4, 2023, to review and approve the sale of LedgerX.
• FTX CEO Sam Bankman-Fried previously expressed excitement over the acquisition of LedgerX and FTX plans to innovate in the U.S. crypto derivatives space with the Commodity Futures Trading Commission (CFTC).

Solana Integrates ChatGPT Plugin to Harness the Power of AI

• The Solana Foundation has announced a $1 million grant for projects at the intersection of blockchain and AI.
• Grants are open to new and existing projects, with funding ranging from $5k to $25k.
• Eligible projects should be publicly available, open-sourced, and have source code available to the Solana Foundation.
• Solana Labs has developed an open-source ChatGPT plugin, enabling users to interact with the Solana network directly from ChatGPT, including checking wallet balances, transferring tokens, and purchasing NFTs once the plugin is available.

Deal or No Deal: Binance US Drops the Bomb on Voyager Purchase, Leaving Cryptocurrency Community in Disarray

• Binance US has terminated its asset purchase agreement with Voyager Digital Ltd., according to a letter received by Voyager.
• The agreement was initially disclosed by Binance in late 2022 and had received court approval despite objections from the US SEC.
• Voyager expressed disappointment over the termination but assured customers that they would still receive their cash and crypto through a “direct distribution” via the Voyager platform.
• Voyager had previously halted withdrawals and filed for bankruptcy in July 2022, with Binance stepping in to offer assistance after FTX’s collapse, but the deal with Binance US has now fallen through, leading to further investigation by Voyager’s Committee of Unsecured Creditors.

Rumors Swirl of Major U.S. Bank Collapse: What Does it Mean for Bitcoin’s Price?

• First Republic Bank (FRC) is in trouble and may collapse as it tries to sell off a large amount of debt to fix its financial problems.
• FRC’s stock price has dropped a lot, losing almost half of its value in one day and hitting a record low, resulting in a total loss of over 90% for the year.
• The U.S. government is worried about FRC’s situation and has met with the bank’s top executives to figure out a solution.
• On the other hand, Bitcoin’s price has gone up by about 3.5% in response to the news, as some people see it as a better option compared to traditional banks. Currently, Bitcoin is trading at $28,411.54, showing a gain of 3.51% over the past hour.

CoinLoan Suspends All Withdrawals and User Services! Find Out Why!

• CoinLoan, an Estonia-based crypto platform, has halted all user withdrawals and activity.
• The company received a notice of restraint on disposition, requiring it to stop all user operations, including withdrawals.
• The notice implies that bankruptcy proceedings may be underway, though CoinLoan has not confirmed filing for bankruptcy.
• CoinLoan referred to the notice as “unexpected” and stated it has “no choice but to comply.”

Thanks for diving into today’s crypto chronicles with Coinpedia! Brace yourself for more thrilling developments in the ever-evolving world of cryptocurrencies. Keep your eyes peeled and stay tuned for more adventures in the crypto-sphere!