FTX Estate’s Solana (SOL) Liquidation Generates Almost $2 Billion

As part of concentrated efforts to reimburse the plummeted Futures Exchange (FTX) creditors, the FTX estate has liquidated more than half of the exchange’s SOL holdings, realizing about $2 billion. Per a Bloomberg report, the FTX estate completed the sales of about 25 million to 30 million SOL tokens at $64 per coin.  Meanwhile, according […]

Binance CEO Richard Teng Makes Discreet Visit to South Korea Amidst Regulatory Concerns

Seoul, South Korea (Reuters) – Richard Teng, the Chief Executive Officer (CEO) of Binance, the world’s largest cryptocurrency exchange, reportedly made a secret visit to South Korea on March 27 to discuss regulatory issues with the nation’s authorities, according to local media outlet News1.kr. Teng’s visit was focused on addressing regulatory concerns surrounding Binance’s acquisition […]