CryptoPunk’s 11-Month High

Bankrupt crypto exchange, FTX, plans to repay former customers in full, but dismissed plans to relaunch the platform. 

FTX, formerly led by the fraudulent Sam Bankman-Fried, filed bankruptcy in late-2022 as crypto’s crash spoiled SBF’s scheme.

Last June, the company hoped to rebrand and reignite the exchange, but investor’s lack of interest shuttered their spirit. 

Andrew Dietderich, FTX lawyer shared, 

“A related disappointment is FTX 2.0. We still have valuable customer data and information to monetize. But after an exhaustive effort, no investor is ready to commit the needed capital to a restart of the offshore exchange.”

Hackers stole ~213M XRP (~$112M) from Ripple’s co-founder & executive chairman, Chris Larsen’s personal wallet. 

He shared, 

Yesterday, there was unauthorized access to a few of my personal XRP accounts (not @Ripple) – we were quickly able to catch the problem and notify exchanges to freeze the affected addresses. Law enforcement is already involved.

Stolen funds have already been laundered through multiple crypto exchanges, including Binance, Kraken, OKX and more. Exchange spokespersons’ responded and are “aware and supporting the investigation.”

Punk #5363 changed hands for 655 ETH ($1.53M), the most expensive sale since the Zombie Punk, #5066, sold for 856 ETH on February 6, 2023. 

Here’s Punk #5363.

And Punk #5066. 

Today’s CryptoPunk sale is noteworthy, not only because it’s an 11-month high, but because the punk sold is a “Male” punk, one of 6039, whereas the previous high sale was for a “Zombie” punk, one of 88. Today’s sale was “less rare.”

Today, we’d like to highlight two great posts on Stocktwits.  

StonksAF presented his bullish case for bitcoin, 

And Thelonius_Stonk shared this sublime Solana chart,

T. Stonk draws a horizontal line coinciding with former resistance that then acted as support. 

If you’d like to be featured in Stocktwits Crypto Spotlight, tag @coloradoriley as you share simple crypto charts.

Jupiter successfully airdropped its native token, JUP, making it one of the largest token airdrops on the Solana blockchain. 

The DeFi “market maker,” rewarded its early supporters with ~$700M in tokens. As the airdrop dropped, JUP jumped from $0.41 to $0.72, sending the token’s diluted market cap above $6B.

Solana remained fully operational during the influx of traffic and the network experienced greater activity than Ethereum.

Here’s CoinDesk with additional details.

As today marks the end of the month. Here’s a look at the 10 largest crypto’s 1-month performance.

Bitcoin (BTC) +0.69%
Ethereum (ETH) +0.04%
BNB (BNB) -3.54%
Solana (SOL) -3.76%
XRP (XRP) -18.28%
Cardano (ADA) -15.39%
Avalanche (AVAX) -12.81%
Dogecoin (DOGE) -14.04%
Tron (TRX) +3.94%
Chainlink (LINK) +1.48%