This article was originally published in First Mover, CoinDesk’s daily newsletter. It puts the latest crypto market moves into context.

The Latest Prices

Top Stories

Bitcoin BTC started the week at $41,000, down 2%. Ether ETH dropped 3% to $2100. According to Coinglass, there were $103.5 million worth of liquidations in the last 12 hours of token-tracked derivatives. This is due to traders taking time off to celebrate Christmas. He says that the daily events are not likely to have a significant impact on crypto prices in this week. “A higher-than-anticipated inflation reading could chill U.K. markets on bank rate expectations, but this is very much a sideshow relative to the overall crypto market at the moment,” said Peters. Altcoins like Helium’s (HNT) and Stacks STX have gained 9% in the last 24 hours.

A filing on Saturday shows that the estate of the collapsed crypto company FTX filed a proposal with a Delaware bankruptcy court to end its bankruptcy. A filing from Saturday shows that the estate of collapsed crypto enterprise FTX submitted a proposal to end bankruptcy with a Delaware court. The new proposal classifies customer and creditor claims according to what priority the estate intends to give them. Claims will also be valued based on the asset prices at the time the company filed bankruptcy. The estate stated in a separate press release that the plan is designed to “maximize value and distribute it efficiently to all creditors.”

In the past, unregulated trading platforms and retail investor activity dominated cryptocurrency markets. Goldman Sachs said that this year’s market structure and participant participation have evolved. The report stated that the derivatives market is where the institutionalization was most apparent. CME, for example, saw an increase in bitcoin, ether, futures, and options trading. In Q4, it became the number one BTC futures exchange based on open interest.

Trending Posts

Sheldon Reback is the editor.