Top 50 FTX Creditors Owed $3.1B, Crypto Daily TV 22/11/2022

In Todays Headline TV CryptoDaily News:

FTX owes its top 50 creditors a huge amount

Bankrupt crypto exchange FTX owes its 50 biggest creditors nearly $3.1 billion, according to a court filing. The exchange — which was worth $32 billion earlier this year — filed for Chapter 11 bankruptcy on November 11, after a week of liquidity crisis.

US court approves deadline for Celsius customers to file proofs of claim.

A U.S. court has approved collapsed crypto lender Celsius’ request to set a deadline for customers to file proofs of claim in the ongoing bankruptcy proceedings. Celsius’ motion, approved by U.S. Bankruptcy Court of the Southern District of New York last week, requires customers to submit proofs of claim on or before Jan. 3, 2023.

Crypto lender Genesis says no immediate plans to file for bankruptcy

Cryptocurrency lender Genesis said on Monday it has no immediate plans to file for bankruptcy, days after the collapse of crypto exchange FTX forced it to suspend customer redemptions.

Shuttered AAX will close out derivatives.

AAX will close out derivatives positions as it attempts to return to normal following a hack, the Hong Kong crypto exchange said in a statement. The exchange has been shuttered since Nov. 13 after a malicious attack made it impossible to verify customer balances or allow withdrawals.

BTC/USD dove 4.0% in the last session.

The Bitcoin-Dollar pair dove 4.0% in the last session. According to the CCI, we are in an oversold market. Support is at 15845.6667 and resistance is at 16959.6667. 

The CCI is signalling an oversold market.

ETH/USD plummeted 3.6% in the last session.

The Ethereum-Dollar pair plummeted 3.6% in the last session. According to the CCI, we are in an oversold market. Support is at 1077.8333 and resistance is at 1258.6533. 

The CCI is signalling an oversold market.

XRP/USD dove 1.1% in the last session.

The Ripple-Dollar pair plummeted 1.1% in the last session. The Stochastic indicator is giving a positive signal, going against our overall technical analysis. Support is at 0.3349 and resistance is at 0.4092.

The Stochastic indicator is giving a positive signal.

LTC/USD plummeted 2.8% in the last session.

The Litecoin-Dollar pair dove 2.8% in the last session. The Williams indicator is giving a positive signal. Support is at 58.2667 and resistance is at 66.5467.

The Williams indicator is currently in positive territory.

US Redbook Index

The Johnson Redbook Index measures the year-over-year same-store sales growth from a sample of large general merchandise retailers. The US Redbook Index will be released at 13:55 GMT, the US API Weekly Crude Oil Stock at 21:30 GMT, the Eurozone’s Consumer Confidence at 15:00 GMT.

US API Weekly Crude Oil Stock

The API’s Weekly Statistical Bulletin reports overall U.S. and regional data relating to refinery operations and the production of the four major petroleum products.

EMU Consumer Confidence

The Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity.

EMU Current Account

The Current Account measures net flow of current transactions, including goods, services and interest payments into and out of the local economy.  The Eurozone’s Current Account will be released at 09:00 GMT, the Belgian Consumer Confidence Index at 10:00 GMT, and the UK’s Public Sector Net Borrowing at 07:00 GMT.

BE Consumer Confidence Index

Consumer Confidence captures the sentiment that individuals have regarding the economic activity. A high level of consumer confidence indicates a stronger economy.

UK Public Sector Net Borrowing

The Net Borrowing captures the amount of new debt held by the U.K. government, i.e., the financial deficit in the UK national accounts.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.