BİTCOİN - FTX

Fed lowers crypto expectations After the strong ISM data announced in the USA, pricing that the Fed would make its first interest rate cut in June dropped below 50 percent for a while. Bitcoin fell due to cooling demand and Fed expectations. Bitcoin fell after the demand for exchange-traded funds cooled and the expectations for the Fed's interest rate cuts were postponed with the announced data. Bitcoin fell more than 5 percent at one point before giving back some of its losses on the new trading day. Tokens such as Pepe and dogwifhat, which had previously attracted interest from investors, also suffered losses, and an index tracking small digital currencies recorded the strongest two-day decline in two weeks. This year's steep crypto rally is losing steam as ongoing price pressures in the U.S. have led investors to reduce bets on Fed rate cuts, pushing bond yields and the dollar higher. This creates a more challenging environment for a speculative corner of global markets such as the digital asset sector. Stefan von Haenisch, Director of OSL SG Pte Trading, said: “Changing views on the Fed are having an impact across crypto, with sell-offs occurring as the week progresses. Every sector will be affected by this situation. “Especially phenomenal assets where prices have outperformed Bitcoin in the last six months,” he said. DACM co-founder Richard Galvin also said the crypto market looked “weak” in the last 12 hours following the latest US economic data.



FTX expects to sit at the bargaining table with the US government Cryptocurrency exchange FTX aims to negotiate a reduction in the US government's bankruptcy claim to $3 billion to $5 billion.

FTX expects to negotiate a reduction in U.S. government bankruptcy claims to as little as $3 billion to $5 billion, according to a filing in Delaware bankruptcy court. He revealed those predictions in court documents in response to claims by FTX founder Sam Bankman-Fried that he should receive a light prison sentence because the company can "fully" repay its customers. On the other hand, FTX's current CEO, John Ray, denied Bankman-Fried's claims in the lawsuit filings that the Exchange would be able to refund its customers "in full." Ray stated that such statements made by Bankman-Fried distort the situation. US Federal prosecutors said on Friday last week that Sam Bankman-Fried could be sentenced to 40 to 50 years in prison after being found guilty of stealing $8 billion from customers of the bankrupt FTX cryptocurrency exchange. FTX went bankrupt in November 2022 Cryptocurrency exchange FTX went bankrupt in November 2022, and it was announced that the company's CEO, Sam Bankman-Fried, resigned. Bankman-Fried was detained in the Bahamas following the US criminal complaint in December. Bankman-Fried, who denied the "fraud" accusations against him, claimed that he made mistakes but never intended to steal funds. In his statement in court, Bankman-Fried argued that he acted in good faith and stated that he believed his actions were in accordance with FTX's policies prepared by lawyers.