Crypto Markets Brace For $5 Billion FTX Liquidity Shock: Expert
In a video published on Wednesday, crypto analyst and trader Miles Deutscher devoted a lengthy segment to the long-anticipated distribution of FTX bankruptcy proceeds, arguing that tomorrow’s release of roughly $5 billion in stablecoins could become a pivotal liquidity shock for digital-asset markets. $5 Billion Liquidity Hits Crypto Tomorrow Deutscher reminded viewers that the cash component of the FTX estate—“around 5 billion in stablecoins,” as he put it—enters creditors’ accounts on May 30, the first wave of repayments since the exchange collapsed in 2022. “May 30th might be one of the....
Related News
A piece of excerpt allegedly taken from a JPMorgan & Chase’s report is warning its clients about a potential “liquidity shock” in the Bitcoin market. The extract praises the cryptocurrency industry for improving its on-screen liquidity better than traditional asset classes on a relative basis. Nevertheless, it simultaneously warns about how most such liquidity provisions […]
Etoro, a trading and investing platform, has warned its customers to brace for possible limitations on their buy orders this coming weekend. The company says it might be forced to take this and other steps if the anticipated and unprecedented surge in demand for cryptos occurs. Unprecedented Demand and Limited Liquidity The Israeli company’s warning follows its curb of European investors’ “ability to trade cryptocurrencies on margin” in the past week. The company had reportedly made this decision in “response to soaring risks in the market.”....
Crypto expert Jake Claver has explained what needs to happen for the XRP price to rally to as high as $2,500. He noted that the projected rally isn’t as easy as some make it out to be, but suggested that it is very much possible despite market cap concerns. How The XRP Price Can Rally Above $2,500 In an interview, Claver stated that there are macroeconomic global events that need to play out to cause a supply shock that would push the XRP price to $2,500. He declared that the projected rally will boil down to supply and demand economics rather than the market cap, which may be alluded to.....
A crypto pundit has highlighted how the XRP circulating supply is becoming increasingly scarce. With large chunks of tokens locked in various channels and restricted from active circulation, the analyst argues that the market may be preparing for a serious supply shock. Analyst Claims XRP‘s Supply Is Running Thin A crypto market expert, identified as […]
Polygon (MATIC) has once again landed a big name. Casio Computer Co., Ltd. has unveiled its plans to launch the virtual G-SHOCK project, an interactive user community aimed at bridging the gap between the iconic G-SHOCK line of shock-resistant watches and its global user base. This initiative will see the distribution of 15,000 limited-edition G-SHOCK […]