FTX Withdraws Request to Restrict International Customer Claims
Withdrawal of Motion: FTX Recovery Trust withdrew its motion to limit payouts in 49 "restricted jurisdictions," including China, after court objections, ensuring future actions must follow standard notification processes to protect creditor interests.
Impact on Creditors: The withdrawal is seen as a partial victory for creditors, as it prevents potential forfeiture of claims totaling around $800 million, with Chinese claims constituting 82% of that amount.
Ongoing Liquidation Process: The FTX Recovery Trust continues to manage the liquidation of remaining assets and distribution to creditors, emphasizing the need for careful legal planning and adherence to court procedures.
Broader Context of Crypto Bankruptcies: FTX's situation reflects a growing trend of complex bankruptcy proceedings in the crypto sector, highlighting the significant risks and losses faced by investors, with over $8 billion lost to bankruptcies and scams in 2023.
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Technical Analysis for ALT
Technical Sentiment Analysis for Altlayer (ALT) As of , Altlayer (ALT) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ALT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ALT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Altlayer (ALT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00307 | 0.00498 | 0.00692 | 0.00883 | 0.0108 | 0.0127 | 0.0146 |
| Fibonacci | 0.00498 | 0.00646 | 0.00736 | 0.00883 | 0.0103 | 0.0112 | 0.0127 |
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