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Recovery

ALL From Recovery

Bitcoin's Rebound to $28,000 Signals End of Sell-Off and Possible Bull Market Recovery

Bitcoin's sudden surge to $28,000 has convinced market analysts that the sell-off is almost over and a recovery into a bull market is beginning. This rally has changed the technical aspect of BTC price, reducing the chances of another dip below $25,000 support/resistance.

MetronomeDAO: Most of the Stolen Funds Have Been Recovered and Returned Funds Are Being Injected Into a New Pool

On August 19th, MetronomeDAO has released a post-incident analysis report on the Curve attack, stating that the MEV bot named "c0ffeebabe" has recovered most of the stolen funds and returned them to Metronome. The recovered funds have been injected into a new Curve msETH-WETH pool, which will be fully allocated to affected liquidity providers. Specific instructions on how to redistribute these funds will be announced soon. Metronome will continue to negotiate the recovery of the remaining funds.

Crypto Analytics Firm IntoTheBlock Updates Outlook on Chainlink After Strong Recovery

Crypto analytics firm IntoTheBlock has revised its outlook on Chainlink (LINK) following the blockchain oracle's strong recovery in just one month. With LINK's more than 50% surge since June, the least number of Chainlink holders are seeing losses this year. According to IntoTheBlock, LINK has more room to run with the next likely price resistance level at $10, a more than 22% increase from its current value. However, the firm warns that LINK may dip if some investors start taking profits. Additionally, IntoTheBlock highlights that Ethereum (ETH) has seen the largest recorded amount of ETH moved onto centralized exchanges (CEXs) in the last two months, which could indicate increased selling of the second largest digital asset by market cap.

Andre Cronje :Do Everything in our Power to Make Everyone Whole

According to Andre Cronje response,  'said in frustration, just been hard to get other teams onboard.

FTX's Lawyers Seek Recovery of $323.5M from Europe Leadership in Bankruptcy Court Filing

FTX's lawyers have requested a U.S. bankruptcy court in Delaware to recover over $323.5 million from FTX Europe's leadership. The lawyers representing FTX Trading Ltd. and Maclaurin Investments Ltd. have asked the court to order the return of funds transferred to the leadership of FTX Europe.

Chart With Historical Precedence Signaling Bitcoin Rallies, According to Top Crypto Analyst

According to a well-known crypto analyst, Bitcoin's monthly moving average convergence divergence (MACD) indicator is showing signs of long-term bullishness, indicating that the top cryptocurrency is on the road to recovery.

NFT Giant Whale Dingaling: Still Believe in the Azuki Team, Optimistic That Azuki Will Repair the Price in a Few Months

July 3 (Cointime) -Users on Twitter discussed the prospects for the Azuki cryptocurrency. It is believed that Azuki has a good chance of recovering in the next few months. Despite their issues with the Elementals release, the team says they are committed to delivering and making the right thing for holders. Some suggested diverting funds to other projects such as pudgy penguins and Clone X. Others expressed optimism about changes in market sentiment and product launches, and wished holders good luck.

Litecoin (LTC) Sustains Loss Following Hawkish Stance by US Fed Chair and EU Counterparts

June 29 (Cointime) - Litecoin's recovery was halted below a previous lower high of $97.6, but there is potential for a pivot due to an uptick in Open Interest rates and flat CVD.

Creditors Accuse BlockFi CEO of Fraud and Extortion in Delaying Bankruptcy Proceedings

June 28 (Cointime) - Creditors of bankrupt cryptocurrency lender BlockFi have filed for the company to be liquidated, accusing CEO Zac Prince and other management of fraud, extortion, and delaying bankruptcy proceedings.

Yield Protocol Fully Recovers from Hack and Bug, LPs Can Earn Fees Again

June 27 (Cointime) - Yield Protocol has announced that it has fully recovered the protocol from the Euler hack and the liquidity provider bug on Mainnet.Liquidity providers can once again earn fees. To withdraw funds, LPs need to first upgrade their strategy tokens. View instructions here.