Sabyasaachi Karmakar

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Speculation Heats Up Over Potential Solana ETF Following CNBC Trader's Comments

May 23, 2024 | coinnounce.com | Saumil Kohli |Sabyasaachi Karmakar |Janet Sánchez

The cryptocurrency community is abuzz with speculation after CNBC's 'Fast Money' trader and noted crypto investor Brian Kelly hinted that a Solana (SOL) spot exchange-traded fund (ETF) might be on the horizon in the United States. This statement has ignited a debate among industry experts and investors about the feasibility and timing of such a development.
Jupiter Asset Management Cancels Ripple XRP ETP Investment Due to Regulatory Concerns

Feb 16, 2024 | coinnounce.com | Janet Sánchez |Sabyasaachi Karmakar

Jupiter Asset Management's compliance division reverses its investment in the 21Shares Ripple XRP exchange-traded product (ETP) over regulatory issues in Ireland, resulting in a minor financial loss. Compliance Concerns Lead to RevocationJupiter's internal compliance team flagged regulatory issues surrounding the Ripple XRP ETP, prompting the cancellation of the firm's initial $2 million investment.
FTX Seeks Court Approval to Sell $175 Million Claim Against Genesis Trading

Feb 3, 2024 | coinnounce.com | Sabyasaachi Karmakar |Saumil Kohli

FTX has filed a motion in a Delaware court on February 1 to sell its $175 million claim against the bankrupt digital financial services firm, Genesis Global Capital. The claim was initially made by Alameda Research, a hedge fund associated with the bankrupt cryptocurrency exchange, FTX. The motion, if approved, would allow FTX to sell the claim in whole or in part, and at different times, to take advantage of favorable conditions.
New York Community Bancorp Shares Plummet 40% Following $260 Million Loss Report

Feb 1, 2024 | coinnounce.com | Nadja Eriksson |Sabyasaachi Karmakar

New York Community Bancorp (NYCB) has seen a significant decline in its share price following the release of its financial report for the fourth quarter of 2023. The report revealed that NYCB incurred a substantial loss of $260 million during the quarter, a stark contrast to the $164 million gain reported in the same period in 2022.
ARK Invest's Strategic Shift: Swapping Coinbase for Tesla

Jan 4, 2024 | coinnounce.com | Layla Harding |Sabyasaachi Karmakar |Joyce Lang

ARK's Big Move: Coinbase Out, Tesla InCathie Wood's ARK Invest has made a significant portfolio adjustment, divesting $25 million worth of Coinbase (COIN) shares and redirecting funds towards Tesla (TSLA). On January 3, ARK sold off over 166,000 Coinbase shares as the stock saw a 3% dip, closing at $152.24. This sale is part of a broader pattern, with ARK having offloaded more than $125 million in Coinbase shares since December 2023.
Solana Surpasses XRP to Become the Fifth-Largest Cryptocurrency

Dec 20, 2023 | coinnounce.com | Joyce Lang |Sabyasaachi Karmakar |Saumil Kohli

Solana (SOL) has secured its position as the fifth-largest cryptocurrency, overtaking XRP, with a market cap reaching a 20-month high of $33.7 billion, as reported by CoinMarketCap. The recent surge in SOL's value is attributed to the robust decentralized finance (DeFi) ecosystem and the frenzy surrounding meme coins. Despite facing selling pressure related to holdings in the FTX bankruptcy estate, SOL's growth has remained resilient.
SafeMoon Faces 31% Plummet Following Chapter 7 Bankruptcy Filing

Dec 15, 2023 | coinnounce.com | Alexander Aryan |Sabyasaachi Karmakar |Saumil Kohli

The SafeMoon token, affiliated with the decentralized finance protocol SafeMoon (SFM), experienced a significant drop of 31% within five hours after the company filed for Chapter 7 bankruptcy. The official filing for "liquidation bankruptcy" occurred on December 14, as documented in the United States Bankruptcy Court in the District of Utah. Attorney Mark Rose filed the voluntary petition, and Chief Judge Joel T. Marker was assigned to the case.
Telegram Launches TON Crypto Wallet, Fueling a 13% Surge in TON Token Price

Sep 13, 2023 | coinnounce.com | Aubrey Hansen |Sabyasaachi Karmakar |Layla Harding

Telegram's Long-Awaited Crypto Wallet UnveiledTelegram, the popular messaging app, has introduced its crypto wallet after nearly three years of anticipation. The announcement was made during the ongoing Token2049 event in Singapore. TON Blockchain Powers Telegram's Crypto WalletTelegram's crypto wallet is built on the Open Network (TON) blockchain, and it is now accessible to the app's vast user base of 800 million people worldwide.
LBRY Files Appeal Against SEC's Ruling, Reviving Its Fight

Sep 8, 2023 | coinnounce.com | Layla Harding |Sabyasaachi Karmakar |Joyce Lang

LBRY, the blockchain-based file-sharing and payment network, is shifting gears and preparing to challenge the Securities and Exchange Commission's (SEC) ruling, which had initially appeared to mark the end of the platform. LBRY's About-FaceLBRY, the blockchain-based file-sharing and payment network, is undergoing a notable reversal of its earlier decision. Instead of winding down, it has opted to contest a ruling by a federal judge in July that favored the Securities and Exchange Commission (SEC).