Summary
Bitcoin is trading slightly down after the US Federal Reserve meeting, which left interest rates unchanged. The cryptocurrency remains below $43,000, where it started the week. Solana Blockchain successfully executed a large token airdrop, distributing nearly $700 million worth of its jupe token to almost a million wallets. Celsius, a bankrupt firm, will be shipping out over $3 billion to its creditors and they will also receive a stake in a new mining operation. FTX, a bankrupt crypto exchange, expects to fully repay its customers and has abandoned efforts to restart the platform due to a lack of buyers.
Key Points
1. Bitcoin remains slightly down after the US Federal Reserve meeting, signaling that market hopes for a rate cut at the next meeting may have been dampened. The cryptocurrency is currently trading above $42,000, but still short of the $43,000 mark it started the week with.
2. The Solana Blockchain successfully executed one of the largest token airdrops ever, distributing approximately $700 million worth of its jupe token to nearly a million wallets. The chain remained stable throughout the process.
3. Celsius, a bankrupt firm, is set to ship out over $3 billion to its creditors as the company’s bankruptcy officially closes. Creditors will also receive a stake in the newly formed Ionic Digital Incorporated Mining Operation. Around 98% of Celsius networks’ creditors have approved the plan after 18 months in bankruptcy court.