All Eyes on May 30: FTX Repayments Could Mark Market Bottom as SEC Stalls ETF Reviews
- FTX is set to repay major creditors starting May 30, potentially injecting billions into the crypto market.
- The SEC is unlikely to approve any pending crypto ETFs before August, delaying investor hopes yet again.
- China’s record-breaking M2 money supply surge could ignite a fresh wave of demand for risk assets like Bitcoin.
The crypto world is staring down May 30 when two major events scheduled for that day could significantly impact digital asset markets: the long-awaited FTX creditor repayments and looming decision deadlines for US regulators on crypto ETFs.
FTX Repayments: Injecting Liquidity or Dampening Sentiment?
Nearly 27 months after its catastrophic collapse in November 2022, FTX is finally preparing to repay creditors, with payments over $50,000 scheduled to begin May 30.
According to bankruptcy attorney Andrew Dietderich, the exchange—now led by CEO John Ray III—will draw from its $11.4 billion cash stockpile to begin disbursing funds.
A fresh injection of billions into the hands of crypto-native investors could stoke buying momentum—especially if those funds are reinvested into digital assets at a time when sentiment is cautiously …
The post All Eyes on May 30: FTX Repayments Could Mark Market Bottom as SEC Stalls ETF Reviews appeared first on Coin Edition.
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All Eyes on May 30: FTX Repayments Could Mark Market Bottom as SEC Stalls ETF Reviews
- FTX is set to repay major creditors starting May 30, potentially injecting billions into the crypto market.
- The SEC is unlikely to approve any pending crypto ETFs before August, delaying investor hopes yet again.
- China’s record-breaking M2 money supply surge could ignite a fresh wave of demand for risk assets like Bitcoin.
The crypto world is staring down May 30 when two major events scheduled for that day could significantly impact digital asset markets: the long-awaited FTX creditor repayments and looming decision deadlines for US regulators on crypto ETFs.
FTX Repayments: Injecting Liquidity or Dampening Sentiment?
Nearly 27 months after its catastrophic collapse in November 2022, FTX is finally preparing to repay creditors, with payments over $50,000 scheduled to begin May 30.
According to bankruptcy attorney Andrew Dietderich, the exchange—now led by CEO John Ray III—will draw from its $11.4 billion cash stockpile to begin disbursing funds.
A fresh injection of billions into the hands of crypto-native investors could stoke buying momentum—especially if those funds are reinvested into digital assets at a time when sentiment is cautiously …
The post All Eyes on May 30: FTX Repayments Could Mark Market Bottom as SEC Stalls ETF Reviews appeared first on Coin Edition.
Read More
Paul Atkins Sworn in as 34th SEC Chair, Signals Crypto Market Reforms