FTX, a struggling cryptocurrency exchange, has been given court permission to sell assets from digital trusts managed by Grayscale and Bitwise, which have a combined value of nearly $873 million, in order to repay its creditors. The increase in the value of these assets is largely attributed to the recent appreciation of cryptocurrencies like Bitcoin and Ethereum. Grayscale, in addition to providing exposure to cryptocurrencies, is also seeking approval to operate a Bitcoin spot exchange-traded fund (ETF) in the US, but the SEC has not yet made a decision on any Bitcoin ETF applications.
The Blur cryptocurrency has seen a surge in interest and value, with large-scale investors known as whales buying BLUR tokens and staking them. The recent introduction of the Ethereum L2 Blast and the second airdrop have contributed to a 20,000% increase in Total Value Locked (TVL). However, it is expected that there may be fluctuations in the BLUR price in the upcoming days, and top addresses holding BLUR tokens may decide to sell their holdings in response to the listing on Binance.
Binance plans to list the Blur (BLUR) cryptocurrency token, allowing users to trade it through various spot trading pairs. The listing fee has been waived, and BLUR will also be introduced as a borrowable asset. The recent price surge of BLUR, the partnership with Blast, and Blur’s presence in NFT lending highlight the importance of this announcement. However, caution should be exercised due to the concerns raised by the Hong Kong SFC regarding Binance’s license.