FTX's reorganization plan has received votes from over 94% of its creditors in the "dot com customer entitlement claims" class, which is valued at approximately $6.8 billion, according to a filing by restructuring firm Kroll.
Nearly all classes of creditors have accepted the plan, with about 89% of "U.S. customer entitlement claims" and 96% of "dot com convenience claims" voting in favor, representing around $61 million and $224 million in claims, respectively. Two classes of creditors did not return ballots, presumed to support the plan.
More than two-thirds of all claims by voting value participated in the process, with the confirmation hearing for the reorganization plan scheduled for October 7. Under the plan, around 98% of creditors are expected to receive at least 118% of their claim value in cash, based on fiat values at the time of FTX's bankruptcy in November 2022.
The EigenLayer token, EIGEN, officially began trading after transfer restrictions were lifted on Monday, with a current trading price of around $3.90. This gives EigenLayer a fully diluted valuation of $6.6 billion.
Restrictions were lifted following the distribution of EIGEN during EigenLayer's stakedrops, with 186.6 million tokens now in circulation out of a total supply of 1.68 billion. EigenLayer allows users to stake ether to secure third-party networks and currently has over $12 billion in total value locked.
Tokyo-listed investment firm Metaplanet has acquired an additional 107.9 BTC (valued at $6.9 million), raising its total bitcoin holdings to 506.7 BTC (approximately $32 million). The average purchase price was $64,168 per bitcoin.
Following this acquisition, Metaplanet's stock rose 1.72% on Tuesday. Michael Saylor's MicroStrategy remains the largest corporate bitcoin holder with 252,220 BTC worth $15.7 billion.
Investors were dissatisfied with the token launch of DeFi protocol Pike Finance, which only provided $10,000 in initial liquidity, causing the token price to plummet by nearly 90% to around $0.0035. This followed a presale that raised $6.5 million in March 2024.
Pike Finance has faced scrutiny due to its limited liquidity at launch and previous smart contract hacks, prompting concerns among investors.
Vitalik Buterin expressed support for the Hezbollah betting section on the decentralized platform Polymarket, addressing concerns that it trivializes conflict. He emphasized the importance of such platforms for market insights.
In the next 24 hours, we anticipate the release of U.S. mortgage data, with FOMC members Michelle Bowman and Thomas Barkin speaking later in the day.
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