CryptoWatch is here yet again to bring the latest news in the blockchain industry alongside the cryptocurrencies in the world, with the top developments from last week with a speculated FTX return in its latest filing of assets. There is also a significant new company called Kima, a new platform that offers a new experience for crypto investors, including crypto accessibility.
(Photo : Tech Times)
In this rundown, Tech Times is also looking to discuss the latest prices of the top coins to get you up to speed on this week's investments and management.
FTX is Coming Back? New Filing Show Massive Holdings
There are speculations now on the possible upcoming return of FTX in the market, especially with its latest filing that revealed as much as $3.4 billion liquid assets of the company, diversified in different coins in the market. The defunct crypto exchange company's portfolio is massive, with as much as $1.16 billion worth of Solana (SOL) making up what it owns.
Next, it owns as much as $560 million of the top crypto in the market now, Bitcoin. Lastly, FTX owns $196 million worth of Ethereum coins.
There are other coins in the current crypto market that FTX owns, and it was recently revealed in its court filings that it still possesses a significant sum in the blockchain that is speculated to be part of its future operations.
Kima's Crypto Accessibility for All Transactions
Kima is the new platform that has developed a roster of hedging strategies built for crypto investors. Its CEO and co-founder, Eitan Katz, looks to take up the challenge in the crypto world now, offering an effective way to leverage derivatives and assets, which the company aims to apply on multiple ecosystems and avoid the risky part of the business.
However, it aims to change a massive flaw in the current crypto industry, and this is with crypto accessibility that brings in a user-friendly money transfer experience without the hassle. "We do this by leveraging user-friendly experiences that mimic payment methods most people already use daily," said Katz.
"Promoting interoperability and working to solve these challenges will realize the full potential of unified money transfers in crypto and transform them into accessible and adaptable forms of payment," he added.
The Latest Prices of Cryptocurrency
According to the latest prices on CoinMarketCap, it is fairly a good start to the week for cryptocurrency now, as in the past week, it saw a slight increase that helped improve the prices of the coins and how it was perceived by the market.
First off, Bitcoin is now featuring a price of $26,400, seeing as much as a 3.14 percent increase over the past seven days.
Next, Ethereum holds on to the second spot at $1,600, with a stagnant 0.60 percent increase over last week. Tether USDT remains at the third spot with the stablecoin featuring its $1 price, with a 0.06 percent increase in the past seven days.
BNB follows at the price of $217, with a 2.69 percent increase from last week, and another stable coin takes the 5th spot, USDC, at $1.
The most significant climb here is with toncoin, now taking the 9th spot, with a selling price of $2.31, and seeing a 35.47 percent increase in the past week.
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