The fourth round of reimbursements to creditors and former clients of the failed crypto exchange since February 2025 brings the total paid to about $10 billion. Update (March 19 at 2:52 pm UTC): This article has been updated to include Sam Bankman-Fried’s transfer to a different federal facility. Additional reporting by Turner Wright. The FTX Recovery Trust, which oversees the distribution of funds to creditors and former customers of the failed crypto exchange, announced on Wednesday that it will distribute $2.2 billion to creditors on March 31, 2026. Read more
The fourth round of reimbursements to creditors and former clients of the failed crypto exchange since February 2025 brings the total paid to about $10 billion. Additional reporting by Turner Wright. The FTX Recovery Trust, which oversees the distribution of funds to creditors and former customers of the failed crypto exchange, announced on Wednesday that it will distribute $2.2 billion to creditors on March 31, 2026. Eligible creditors will receive their funds through their chosen distribution provider within one to three business days, according to an announcement from the Trust. Read more
Bitcoin reacted in kind to calm US macro data, while oil stayed volatile amid uncertainty over the duration of the Middle East conflict. Bitcoin (BTC) circled $70,000 into Thursday’s Wall Street open after US jobs data matched expectations. Key points: Bitcoin shrugs off more US macro data as jobless claims copy flat CPI numbers. Read more
The cost of medical care, apparel, household furnishings, airline fares, and education all rose during the month of February, BLS data shows. The latest rise in the consumer price index (CPI) was “in line with estimates,” and rising inflation has already been priced into the macroeconomic data for the March CPI print, according to market analysts at exchange-traded product (ETP) issuer 21Shares. Shelter rose 0.2% in February, while the food sector of the CPI rose 0.4%, energy increased by 0.6%, and the index for all items, excluding food and energy, rose by 0.2%, according to the US Bureau of Labor Statistics (BLS) February CPI report. Stephen Coltman, head of macro at 21shares, said the upcoming CPI prints place even more pressure on the Federal Open Market Committee (FOMC), the body that decides interest rate policy. He said: Read more
Historical data shows that Bitcoin typically gains 20% within a month of major spikes in oil prices. Should traders prepare for a rally to $79,000? Key takeaways: Oil price spikes often precede 20% spikes in Bitcoin value, though initial market reactions remain volatile and unpredictable. Bitcoin currently mirrors tech stocks with an 81% Nasdaq 100 correlation, making it less sensitive to oil prices. Read more
Ether needed to hold a key support recently established at $1,800, coinciding with the lower trend line of a classic chart pattern that warns of a drop below $1,500. Ether’s (ETH) rally stalled late Monday just above $2,000 due to stiff overhead resistance, as the technical setup suggested that downward momentum would increase if the ETH/USD pair breaks below $1,800. Key takeaways: ETH price must hold above $1,800 to avoid another leg down. Read more