Core Scientific Exits Bankruptcy, Set to Begin Restructuring
The restructuring plan will allow Core Scientific to cut $400 million in debt by equitizing the said amount in secured and unsecured claims.
This news section spotlights emerging altcoins, project updates, tokenomics changes and ecosystem developments driving innovation in DeFi, Web3 and digital assets. Keep track of the next wave of digital currencies before they make headlines—and gain insights that matter in the altcoin sector.
The restructuring plan will allow Core Scientific to cut $400 million in debt by equitizing the said amount in secured and unsecured claims.
Cantor Fitzgerald CEO Howard Lutnick said in a recent interview that stablecoins issuer Tether does have the money it claims to possess amid the mass adoption of digital assets in countries suffering from hyperinflation.
While the success of Saga created a speculative frenzy, Solana Mobile faces challenges such as supply constraints and the volatile nature of the crypto market.
The report states that an increase in the adoption and use cases of Bitcoin and CBDCs could weaken the strength of the US dollar.
Ramaswamy’s departure from the presidential race leaves a void in terms of a candidate explicitly championing pro-crypto policies.
Solana Mobile plans to significantly reduce the price to make the smartphone more competitive and affordable compared to Saga.
The Terraform Labs trial has now been postponed until after Do Kwon is successfully extradited to the US from Montenegro.
Besides being in the top 40 tokens in terms of market cap, TIA is also listed on CoinGecko’s trending tokens list.
SUI has demonstrated an impressive surge over the last couple of days, taking the token’s price to a new ATH.
Despite the increasing involvement of the USDT stablecoin in criminal activities, the UN has reported that law enforcement authorities have successfully dismantled various money laundering organizations responsible for transferring illegal funds using USDT.
Excitement is building as DojoSwap will be announcing the details of the upcoming launchpad project in the next 1-2 days.
Fidelity Digital suggests that 2024 might witness a resurgence of institutional interest in DeFi yields.
The zkLINK community sale will involve 31.25 million ZKL tokens at a starting price of $0.15 and up to nine months of monthly linear vesting.
According to them, the Foundation has a balance sheet that includes more than $285 million in fiat currency reserves, 305 million NEAR tokens valued at over $1 billion, and $70 million allocated for investments and loans.
Thetanuts Finance, a prominent option vault protocol, started with Basic Vaults, focusing on selling European cash-settled options to accredited market makers.