In the crypto market, this week’s attention is among the Borsa FTX, which is bankrupt, from the Altcoin projects to Jupiter and Hyperliquid. Investors and traders should review their strategies against mobility in the market.
FTX payments start
FTX, the bankrupt crypto currency exchange, will start paying the creditors in Bahamas on Tuesday, February 18th. According to reports, the demands of below $ 50,000 will be processed and these payments will be made through Bitgo. Creditors other than Bahamas will have to wait until March 4 to get a refund. FTX creditors reported that 9 %interest annually will be paid for the lost assets from 11 November 2022. However, creditors were warned to be careful against fraud due to fake e-mails allegedly allegedly coming from FTX and Ledger. FTX supporters think that these attacks are caused by a possible data leakage.
Jupiter’s Altcoin reputation, Hyperliquid’s transaction supports are on the agenda
Another prominent development this week was Jupiter’s recruitment of Jupiter’s Jupiter. The platform announced that it will buy JUP Tokens and lock for three years using 50 %of the protocol revenues. This move is considered part of the expansion plans within the Solana ecosystem. Jupiter implemented a similar strategy in January and burned token. This step provided an increase of 60 %in the value of the JUP. According to the latest data, the jup price has increased by 10 %since the beginning of this week.
Hyperliquid announced that it plans to add spot operation support for Ethereum (ETH) and Solana (left). Hyperliquid, who previously launched a spot trade for Bitcoin (BTC), now aims to increase the volume of trading by adding Ethereum and Solana. According to analysts, this expansion may increase the process volume of the platform by 15 %to 30 %. However, Hype, the local token of Hyperliquid, began with a 3 %decline despite these developments.
Mellania Token Lock Expansion, Telegram’s tone integration attracts attention
Another development that needs to be followed this week is the key expansions of Melania Token. 30 million melania token will circulate from February 18, and this amount corresponds to 3 %of the current supply. These tokens will be allocated to the team of ‘MKT World LLC’, founded by Melania Trump. Analysts, large token lock expansions often lead to price drops, he says. According to the market report, 90 %of the tokens with the lock causes a price drop. According to the current data, Mellania Token lost 3 %from the beginning of this week.
Finally, the Telegram mini applications ecosystem will only integrate with Ton Blockchain as of February 21st. In January, this integration will offer users a safer and more consistent experience. Telegram’s history with ton was interrupted by the transfer of the project to independent developers due to regulatory barriers in the United States. However, the latest developments show that the two sides revive the cooperation.
