Solana Is Down 15% Since Hitting a 14-Month High. Is the Rally Over?
Solana’s [SOL] spectacular comeback – up over 300% this year – has captivated crypto market participants after being one of the most beaten-down assets during the bear market.
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Solana’s [SOL] spectacular comeback – up over 300% this year – has captivated crypto market participants after being one of the most beaten-down assets during the bear market.
A set of filings from Sam Bankman-Fried’s defense team late Monday shows his attorneys still hope to clarify that English law governed FTX’s terms of service – which may have implications on the fraud charges.
The latest transactions followed $19 millions worth of crypto moved from FTX cold wallets to exchanges.
It’s possible the SEC could approve a spot ETF before any sales, taking discount worries off the table.
The debtor group in control of FTX assets has conducted various on-chain transactions in the past few weeks.
In a series of filings throughout Thursday, the Department of Justice and Sam Bankman-Fried’s defense crossed swords on issues ranging from charts the defendant wants to use in his testimony to an ongoing question of whether the defense can rely on a presence of counsel argument.
A deal was secured to pay those who had money at defunct FTX as much as 90% of the assets that remain, and now the lawyers representing some creditors are trying to get enough of those investors on board to make it happen.
Solana (SOL) jumped 11% Friday, and is one of the best performing crypto assets this year with a 170% gain.