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FTX, FTX US and Alameda will file for Chapter 11 bankruptcy in US; SBF resigns

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FTX CEO Sam Bankman-Fried has resigned from his position but will “remain to assist in an orderly transition” before being succeeded by John Ray.

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Coin Market

XRP metrics line up bull signals for ‘full-scale rally’ to $2

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XRP is giving hints that a price breakout may be underway, based on several technical and onchain indicators, with bulls eyeing $2 as the first stop.

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USDC issuer Circle raises $222M in Arc token presale valued at $3B

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Circle raised $222 million in an ARC token presale led by a16z crypto as Q1 revenue hit $694 million and USDC circulation climbed to $77 billion.

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Crypto funds log $858M in sixth straight week of inflows: CoinShares

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Crypto ETPs drew $858 million in inflows last week, led by Bitcoin with $706 million, as sentiment improved and short-BTC funds saw $14 million of outflows.

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