• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

FTX brings five.five million SOL for staking

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Two days in the past FTX Estate invested much more than five.five million Solana (SOL), well worth roughly $122 million.

FTX brings five.five million SOL for staking. Photo: decipher

Related articles

Solana up 7% despite market decline: What's next for SOL?

Solana up seven% regardless of industry decline: What&#39s up coming for SOL?

March 16, 2024
Cardano vs Solana - which ecosystem is better

Cardano vs Solana – which ecosystem is greater?

March 9, 2024

FTX Estate made a decision to stake much more than five.five million Solana (SOL) tokens, well worth roughly $122 million, on October 14.

FTX ownership aims for five.five million SOLhttps://t.co/ajRgBHFNt9 https://t.co/UGorSGMtwC

— ashpool (@solanobahn) October 14, 2023

Based on on-chain information from SolanaFM, a discoverer wallet labeled FTX Estate has entrusted the over sum to Figment, a corporation specializing in staking management for huge organizations. However, the SOL just staked represents only a tiny portion of the complete sum held by FTX. FTX Estate has the part of recovering assets for the exchange’s creditors.

The transaction transfers five.five million SOL to Figment. Source: SolanaFM

FTX has been an early investor in Solana considering that August 2020, and is Pay the frequent SOL accrual right up until 2027-2028. They for that reason have just about every correct to “sell them off” on the industry, creating concern amid these token holders. However, the court’s choice temporarily alleviated this concern.

Amount SOL’s share enhanced considerably on October 14. Source: Gelato.sh

As of the finish of August 2023, FTX has recovered roughly $seven billion in assets, together with $one.one billion in SOL, $560 million in Bitcoin (BTC), $200 million in serious estate in the Bahamas, and $one.9 billion in other illiquid assets. TO FTX has the revenue to repay the debt At the similar time, the US court made a decision to stay away from creating a hefty effect on the industry Approve the liquidation method at just about every stagewith a revenue worth of a hundred-200 million bucks/week.

However, the over facts nevertheless puts stress on the cryptocurrency industry and has a sturdy effect on investor psychology. SOL value decreased by five% more than the week and is trading about the $22.09 mark.

1h chart of the SOL/USDT pair on Binance at ten:50 am on October sixteen, 2023

Additionally, the trial of infamous former FTX CEO Sam Bankman-Fried is also at the center of the stock industry collapse discussion.

Report on the trial of former FTX CEO Sam Bankman-Fried:

Coinlive compiled

Maybe you happen to be interested:

Join the discussion on the hottest troubles in the DeFi industry in the chat group Coinlive Chats Let’s join the administrators of Coinlive!!!

Tags: bringsepisodeFTXmillionSOLSolanaStaking
Share76Tweet47

Related Posts

Coinbase Acknowledges TaskUs Data Breach Four Months Later

by shark
June 3, 2025
0

Coinbase discloses a data breach involving TaskUs employees in India, impacting financial markets and raising security concerns.

Bitcoin Faces Volatility After 8% Correction and Leverage Flush

by shark
June 3, 2025
0

Bitcoin correction triggers market volatility. Key figures and global factors influence derivatives and risk assets.

Classover Raises $500M for Solana-Centric Treasury Strategy

by shark
June 3, 2025
0

Classover Holdings signs a funding agreement with Solana, highlighting a major move in integrating blockchain finance into corporate strategies.

Aptos Labs CEO to Testify on Digital Assets

by shark
June 3, 2025
0

Aptos Labs CEO Avery Ching to testify at U.S. House hearing on digital assets, signaling significant regulatory insight.

Ethereum Foundation Restructures for Enhanced Network Scaling

by shark
June 3, 2025
0

Ethereum Foundation reorganizes to prioritize scaling, blobs, and UX enhancements amid market shifts.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Unstaked Nears $10M, Uniswap Surges & XRP Slows Down
  • Qubetics, Aptos, and Toncoin Set 2025 Ablaze as Top Cryptos to Invest in Today
  • BlockDAG Hits $282M, $0.0018 Entry Open Until June 13
  • Powell’s Inflation Comments Stir Uncertainty—Yet Qubetics, Algorand, and Filecoin Remain the Top Coins to Join Today
  • Coinbase Acknowledges TaskUs Data Breach Four Months Later
  • Arctic Pablo, Artificial Liquid Intelligence, and Shiba Inu Updates: Top Meme Coins to Invest in This Week
  • Bitcoin Faces Volatility After 8% Correction and Leverage Flush
  • Classover Raises $500M for Solana-Centric Treasury Strategy
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7