Could FTX reopen this year?

FTX has recovered $7.3 billion so far. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap $1.25T (+1,98%) 24 Hour Volume $50.30B (+23.39%) Notable Movers[(ARB) $1.31]( (+12.51%) Notable Movers (DeFi)[(FTM) $0.51]( (+6.73%) Bitcoin Dominance 46.84%[(-0.68%)]( Bitcoin Price[(BTC) 30,236.89 (+0.81%)]( Ethereum Price[(ETH) $1,998.89 (+6.81%)]( Cardano Price[(ADA) $0.4124 (+4.36%)]( [Today’s Top Stories ]( Today’s Top Stories 'Shapella' success! 📈 It's official: Ethereum's "Shapella" upgrade is complete. This means validators now have the freedom to withdraw their staked ETH if they so wish. Some have had their crypto locked away since December 2020. The latest figures from Nansen suggest that 93,300 ETH has been withdrawn over the past 24 hours — that's barely 0.5% of what has been sent to the deposit contract. So far, this is highly unlikely to have a detrimental impact on Ether's price. ETH surged by 6.3% in intraday trading as the markets digested the news, with $2,000 proving elusive. Plenty more upgrades are in the roadmap over the months to come. Top priorities include making the blockchain more scalable, and reducing transaction fees. Will FTX reopen? 😱 FTX's legal team have unveiled a reorganization plan that could lead to the doomed exchange's U.S. and international operations reopening. At a hearing, the firm's attorney said $7.3 billion in assets has now been recovered. Andrew Dietderich added: "Today the situation has been stabilized and the dumpster fire is out." But relaunching FTX wouldn't be without its challenges. For starters, it's likely that the new management would need to raise significant capital. The other elephant in the room, we hear you ask? Whether customers badly burned by FTX would ever want to trust it with their crypto again. New allegations of catastrophic management under Sam Bankman-Fried continue to emerge with every passing week. eToro and Twitter team up 🤝 eToro has entered into a new partnership with Twitter. Typing a dollar sign followed by a symbol will generate real-time prices for stocks and cryptocurrencies. And from there, users will be able to make purchases through the trading platform. All of this comes as Elon Musk pursues his ambition of turning Twitter into a super app — with the billionaire changing the site's corporate name to X Corp this week. According to eToro's CEO, Twitter has become a vital tool for new customers who are educating themselves about how the market works. The latest buzz has proven especially lucrative for Dogecoin. CoinMarketCap data shows that the memecoin has risen by 6.5% over the past 24 hours — and is trading at $0.087. Thanks for reading! Have a great day — more news tomorrow! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Brought to you with❤️ from CMC Was this email forwarded to you? [Sign up here](. WANT MORE CRYPTO BITES? [Sign up here]( for Daily Newsletters, Promotions and Events and Prices [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2023 CoinMarketCap [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States