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CATEGORY: alex svanevik


Oct 20, 2022 12:25

FTX Sends 50,000 Ethereum To Voyager, FTX Token Witnesses Pump And Dump

In a recent report, FTX sent 50,000 Ethereum worth about $65 million to Voyager Digital’s main wallet. The CEO of Nansen, a blockchain analytics firm, Alex Svanevik, confirmed the transaction in a tweet. Due to the crypto winter, some crypto firms struggled with insolvency. This bearish market even pushed some crypto companies off the industry. Some companies even massively slashed their staff strength, while others stopped operations. Coinbase is amongst the firms that dropped 20% of its employees due to liquidity issues. But among the companies that later halted operations is Voyager Digital. A source noted that the company stopped all transactions on its platform, including withdrawals, deposits, and rewards. Also, it later filed for Chapter 11 bankruptcy in July. Related Reading: Quant Balloons Over 35% In Last 7 Days Courtesy Of Strong Social Metrics As Voyager threw open its door for asset auctioning last month, FTX emerged as the winner. By outbidding its competitor, Binance, FTX acquired about $1.4 billion worth of Voyager assets. The company has subsequently transferred some funds to the crypto lending firms. FTX Transfers 50K Ethereum Without Court Approval Recently, Voyager Digital declared an auction to sell its assets attracting several firms, including the crypto exchange, Binance. However, FTX US outbid other firms on September 26 and won the acquisition of Voyager assets. The FTX US is to receive crypto assets valued at $1.4 billion for the completion of its acquisition. Voyager is expected to present the asset purchase agreement with FTX US for the necessary approval. The presentation was slated for October 19 to the US Bankruptcy Court for the Southern District of New York. But without the court’s approval of the asset purchase agreement, FTX transferred 50K ETH to Voyager. The transfer is suspected to be linked to the $1.4 billion asset acquisition. This includes $60 million in earn-outs, incentives, and an extra $51 million cash payment. Regulators Object To Asset Acquisition Amid FTX Token Dump and Pump Some regulatory bodies have raised objections to sell Voyager assets to FTX US. These include the Texas State Securities Board and the Texas Department of Banking. According to reports, the regulators are investigating FTX US, FTX Trading, and some executives, including the CEO Sam Bankman-Fried. The watchdogs cited that they offer unregistered securities to US residents. Related Reading: Monero Coin Climbs 6% In Last 3 Days – Bullish Activities Seen For XMR Additionally, the regulators think FTX US provides yield-bearing accounts similar to Voyager’s yield-bearing depository accounts. Also, FTX is restricted through the objection in limiting the Debtor’s liability. Finally, following the FTX transfer of 50K ETH news, the FTX token, FTT, has experienced a dump and pump effect. Featured Image From Pixabay, Charts From Tradingview

Man and machine: Nansen’s analytics slowly labeling worldwide wallets

Author: Cointelegraph By Gareth Jenkinson
United States
Oct 04, 2022 04:40

Man and machine: Nansen’s analytics slowly labeling worldwide wallets

Nansen CEO Alex Svanevik sat down with Cointelegraph for an exclusive interview during Token2049.

Blockchain service provider Nansen to integrate Solana data analytics

Author: Cointelegraph By Tom Farren
United States
Nov 09, 2021 04:45

Blockchain service provider Nansen to integrate Solana data analytics

The platform will introduce a statistical dashboard in Q1 2022 dedicated to tracking insights and trends in Solana’s NFT and DeFi ecosystems.

Nov 28, 2024 12:05

9 Crypto Predictions For 2025: Nansen CEO Predicts Biggest Bull Run Ever

In a thread on X, Alex Svanevik, CEO of leading on-chain analytics platform Nansen, unveiled nine bold predictions for the crypto industry in 2025. Svanevik forecasts that the upcoming year will herald “the mother of all bull markets,” propelled by technological advancements, regulatory shifts, and widespread adoption across various sectors. #1 Crypto Memecoins Will Set New On-Chain Records Svanevik predicts that memecoinscryptocurrencies inspired by internet memeswill continue to attract retail investors to the crypto space. He anticipates these tokens will significantly boost on-chain metrics, leading to unprecedented records in decentralized exchange (DEX) volumes across multiple blockchain networks. Related Reading: From Bitcoin to Altcoins: Crypto Inflows Hit Record $3.1 Billion, Led by Spot ETFs “Memecoins continue to onboard retail to cryptoand smash onchain metrics. We’ll see new records in DEX volume for lots of chains,” Svanevik stated. “Better infrastructure, easier user experience, lower transaction feesall these make the journey on-chain better for newcomers.” #2 A DeFi Renaissance Svanevik foresees a resurgence in decentralized finance (DeFi), driven by clearer regulations and the activation of revenue models within DeFi protocols. With the upcoming departure of the US Securities and Exchange Commission (SEC) Chairman Gary Gensler on January 20, Svanevik predicts that regulatory hurdles will be reduced and institutional capital will flow more freely into DeFi platforms. “DeFi renaissance. Gary’s gone. Revenue switch = on,” he notes. “We actually have useful DeFi protocols now that tons of capital can flow into. Perhaps valueless governance tokens will accrue value.” #3 Spot Solana ETF Launch Svanevik anticipates the introduction of a spot Solana (SOL) exchange-traded fund (ETF), asserting that it will outperform the launch metrics of the Ethereum ETF. “SOL ETF. And it does better than the ETH ETF did at launch.” As NewsBTC reported, discussions between SEC staff and issuers for a spot Solana ETF are “progressing,” with S-1 registration statements currently under review. Exchanges may soon file Form 19b-4 applications, initiating the official regulatory approval process. Asset management firms such as VanEck, 21Shares, Canary, and Bitwise are actively competing to launch the first SOL ETF in the United States, aiming for a debut in 2025. #4 Resurgence Of Permissioned Blockchains Svanevik predicts a comeback for permissioned blockchains, expecting them to gain significant traction this time. “Permissioned chains make a comeback, and this time gain much more traction. Watch Haven1 here. Tokenization will be a big theme for permissioned chains.” #5 Flourishing Bitcoin Ecosystem Svanevik expects the Bitcoin ecosystem to thrive both in traditional finance (TradFi) and through on-chain developments. “Bitcoin ecosystem continues to flourishboth in TradFi and on-chain (via projects like Bitlayer).” Related Reading: Inside Trumps Crypto Holdings: $6.9M Portfolio, With One Altcoin Ready For A Major Rally #6 DeSci Will Become A New Strong Narrative Decentralized Science (DeSci) initiatives are predicted to fund groundbreaking scientific endeavors, particularly in longevity research and other frontier fields. “DeSci funds (crazy) science. Lots of crypto leaders are interested in longevity specifically and science more generally. This means more access to capital for frontier scienceand probably more headlines, Svanevik writes. #7 Crypto Accelerates AI Development Svanevik envisions cryptocurrencies playing a dual role in accelerating artificial intelligence (AI) projects and offering solutions to mitigate associated risks. “Crypto accelerates AI, but also protects us from AI. Wacky experiments with agents continue. Cryptodollars pour into AI projects.” He also highlights the emergence of cryptographic proof-of-human projects to combat bots and fake content: “More cryptographic proof-of-human projects come to market to combat bots and fake content.” #8 Enactment Of FIT21 Law Svanevik anticipates significant legislative developments with the enactment of the FIT21 law, potentially catalyzing a new era of innovation and growth in the United States. “FIT21 becomes law. The era of the American Renaissance begins.” #9 Exponential Growth For RWAs Svanevik predicts substantial growth in the market capitalization of tokenized real-world assets, estimating at least a threefold increase. “We’ll see a 3X in market cap of RWAson the low end. Probably a lot more. People will finally realize the full potential of crypto: Every asset will be tokenized.” At press time, Bitcoin traded at $94,239. Featured image created with DALL.E, chart from TradingView.com

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