- Crypto and traditional markets had a choppy morning before continuing their move higher ahead of tomorrow's CPI release. Holders of risk assets such as crypto are hoping for a soft CPI print to signal inflation easing. $BTC and $ETH are currently up 0.21% and 0.17%, respectively, while SPX and NDQ are up 0.83% and 1.17%. Many altcoins that experienced aggressive short squeezes earlier this week have pulled back at the time of writing. For example, $SOL is down 3.33%, $NEAR is down 3.89%, and $APT is down 6.26%. A standout today is $XRP, which is up 5.50%. XRP's rally is partly due to a Flare ($FLR) airdrop yesterday that distributed 15% of Flare's total supply to XRP holders (who held XRP on December 12th, 2020).
- Bankrupt crypto exchange and lender, Voyager Digital, has received initial approval for its proposal to sell its assets to Binance U.S. for $1.02 billion. This approval comes amid a national security probe regarding Binance U.S. that Voyager is looking to speed up. While this approval allows Voyager to enter into the asset purchase agreement and seek creditor approval, the sale will not be final until a future court hearing. The Voyager Official Committee of Unsecured Creditors, representing creditors with no security interests in Voyager, supported the transaction and stated that the deal would result in greater recoveries for creditors than if Voyager liquidated the holdings itself. If the deal goes through, customers' assets on Voyager will transfer to Binance U.S. Both Voyager's stock and Voyager's token $VGX have rallied since the announcement - up 100% and 31% this week, respectively.
- Twitter is developing a "Coins' feature with Stripe Payments. This feature will allow users to give each other "Awards" by using coins they can purchase with fiat currency. Twitter is currently working on a purchase interface and menu button for Coins and will use Stripe to process the payments. It's yet to be seen whether these Coins will be on a blockchain or integrate crypto.
Voyager gets Initial Approval to Sell Assets to Binance U.S. and Twitter is Developing a 'Coins' Feature
Jan 11, 2023
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