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FTX Payments Set to Begin, LIBRA Token Fallout: What’s Weighing on The Crypto Market?

  • The cryptocurrency market has retreated from its post-Trump election surge with Bitcoin trading at US$95,139 while Solana faces steeper declines amid concerns over memecoin sentiment.
  • The LIBRA scandal has intensified with allegations involving Argentine President Milei’s administration and developer Hayden Davis’s admission of market manipulation through sniping.
  • FTX’s bankruptcy estate has begun its creditor repayment program worth US$16 billion, though reimbursements based on collapse-era prices will result in significant losses for most investors.

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