4.8 • 689 Ratings
🗓️ 18 June 2024
⏱️ 3 minutes
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Host Jennifer Sanasie breaks down the news in the crypto industry from FTX victims' latest filings to bets on whether Biden and Trump will shake hands before the upcoming Presidential debate.
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"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as FTX victims asked a New York court to rule that the crypto exchange's forfeited assets belong to its customers, not the bankruptcy estate. Plus, AI-related tokens slide following spikes in AI-related Google search queries. And, will Biden and Trump shake hands before the first Presidential debate next week?
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This episode was hosted by Jennifer Sanasie. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen.
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0:51.6 | FTX victims asked New York court to rule that the crypto exchanges around $8 billion in forfeited assets belong to its customers and not the bankruptcy estate. |
1:01.8 | Last month, the estate proposed a new reorganization plan that would see 98% of creditors get 118% of their claims back in cash. |
1:10.3 | Within 60 days of court approval. |
1:12.2 | The plan irked many FTX customers who had missed out on the opportunity to profit |
1:16.5 | from the run-up in crypto prices while their funds were stuck in bankruptcy limbo. |
1:21.1 | The victim's attorneys said in the filing that the bankruptcy process has left FTX customers |
1:25.7 | feeling aggrieved and robbed, many of whom view the |
1:28.3 | bankruptcy process as a second act of theft. AI-related coins like Fetch AI, Render, and Tau |
1:35.2 | have seen their market value slide as much as 30% in the past seven days. That's according to Coin Gecko. |
1:41.4 | This, as Google Trends, shows a peak in public interest in AI. Spikes in |
1:46.2 | crypto-related Google search queries have historically occurred at major market tops. Google Trends is |
1:51.6 | widely used to gauge general or retail investor interest in trending topics. It shows the value |
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