FTX files motion for Galaxy Digital to manage recovered crypto holdings
Galaxy Digital set to manage the sale of bankrupt FTX’s crypto holdings and facilitate staking of certain tokens to generate passive yield.
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FTX has recovered $7.3B in assets, will consider rebooting exchange in Q2 2023
Sam Bankman-Fried's failed cryptocurrency exchange filed for bankruptcy in November 2022 and has since been mired in court proceedings.
Hash rate and difficulty rebound shows miners have recovered from China exodus
Bitcoin mining profitability is up 275% since before the May 2020 halving.
Crypto has recovered from China's FUD nearly two dozen times in the last 12 years
Since 2009, China and Hong Kong have "banned" or otherwise caused FUD in the crypto space on 22 separate occasions.
Bitcoin Has Recovered Nearly 25% of Its Bear Market Price Losses
Despite a pullback from 9-month highs overnight, bitcoin has still clawed back nearly a quarter of the losses since its late-2017 record high.