FTX Creditors Could Recover up to 40% of Their Funds, Says Jefferies

 Femenia maintained FTX victims could retrieve between 20% and 40% of their investment.

The global investment banking firm – Jefferies Group – reportedly determined FTX creditors could retrieve as much as 40% of their lost money.

In an interview for The Block, Joseph Femenia – Global Head of Distressed Debt Trading at Jefferies – said there’s light in the tunnel for FTX creditors who could recover between 20% and 40% of their assets. 

Metaverse to impact vacation planning in 2023

 A new study published on Saturday by booking.com revealed that as more borders open up due to easing of the COVID-induced travel restrictions, the metaverse, one of the newest digital ecosystems, will allow tourists to pick and select the regions they want to explore in person.

Better vacation spot selection with the use of metaverse

A Booking.com study shows that the Metaverse, one of the most recent virtual ecosystems, will help visitors and tourists decide which locations they wish to visit in person.

Will Bitcoin Price Winter Continue in 2023? 8 Key Considerations

Which way bitcoin’s price will go next is a question with many zeroes on it for many crypto investors as we finish 2022. Who knows? Here are 8 key factors to consider.

In 2022 Bitcoin, Ethereum, and the bevy of altcoins riding on the original gangster cryptocurrency’s very long coattails weathered their most brutal crypto winter to date. Of course, the cryptocurrency industry is eager for an end to the long, drawn-out Bitcoin price winter.

From Bitcoin miners and mining pools to Layer-2 chain developers like the Lightning Network to crypto day traders and crypto investors – confidence is shaken, fear and greed are high, and the metaphorical blood just keeps pouring out into the streets. When will it end?

Demand for crypto assets high despite deep market corrections

 Despite the current crypto winter, US Financial Advisors (FAs) are seeing substantially more investor interest in digital assets. According to Coalition Greenwich survey data by Talos, 92% of high net worth (HNW) and affluent mainstream clientele prefer crypto assets in their portfolios. 30% of the 537 FAs stated they had already recommended or planned to recommend certain digital asset investment products in the next three months.

The crypto winter has yet to affect digital assets demand among high-net-worth investors.

Recent research by Talos showing that digital assets are maintaining demand among HNWs is fascinating, considering it was carried out during the third quarter of 2022, immediately after the collapse of TerraUSD, Luna, and Three Arrows Capital, which rocked the world of digital assets and came before the fall of FTX. 

Crypto Bloodbath: Bitcoin Plummets Below $17K, BNB Crashes 7% (Weekend Watch)

 The cryptocurrency markets took a beating in the past 24 hours, with BTC losing $17K and BNB crashing by around 10%.

The past 24 hours have been tough in the cryptocurrency markets, with the total capitalization dropping by some $40 billion. This comes on the back of major coins charting serious declines and BTC plummeting below $17K.

Bitcoin Goes Below $17K

Binance’s ‘fractured administration’ spurs heated debates and FUD

 Binance is under fire again as FUDs regarding its proof of reserves and regulatory uncertainties, are gaining traction. The exchange is also experiencing massive withdrawals following a story by Reuters that details it’s on the US DOJ’s radar. Other reports regarding failed audits are in the air as well. But what’s going on?

📈 Bitcoin hurtles toward $18,000 as inflation comes in below expectations, crypto stocks soar

Bitcoin and crypto prices soared following lower-than-expected U.S. inflation data for November. Crypto stocks bounced in line with U.S. stock futures. Bitcoin was hurtling toward $18,000 shortly after U.S. CPI data was released today.

Ether rose 6% following the news, trading at about $1,327. Binance's BNB token was little changed on the information as withdrawal issues continue to hamper the token. Dogecoin and Ripple's XRP jumped over 4%, while Cardano's ADA tacked on 1.7%. Interest rate traders are now pricing in an 81% chance of a 50 basis point increase by the FOMC tomorrow, according to the CME's FedWatch tool.