CZ Dismisses Bitcoin Fears as Price Drops Below $85K

Bitcoin Price falls below $85K, with former Binance CEO CZ dismissing concerns and urging investors to remain calm. Current Binance CEO Richard Teng echoes similar sentiments, attributing the drop to routine market fluctuations, even as U.S. spot Bitcoin ETFs see substantial outflows.
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FTX Bankruptcy Costliest Ever, Nears $1 Billion in Fees: Bloomberg

FTX’s bankruptcy has resulted in $950 million in legal and advisory fees, making it one of the most expensive corporate collapses. Despite the costs, most creditors are expected to recover 118% of claims.
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