Bitcoin Steady Above $26K as Traders Weigh FTX Ruling; Hedera Gains on Stablecoin News; Singapore Bans Three Arrows Founders

Bitcoin price holds above $26K as traders assess impact of FTX ruling allowing crypto sales.
Hedera Hashgraph's HBAR token jumps 6% after announcing its open-source stablecoin toolkit is live.
Singapore issues 9-year ban against Three Arrows Capital founders over false info and regulatory violations.
Solana sees 35% spike in open interest on perpetual futures contracts to 16.25M SOL.
FTX creditors brace for liquidations from exchange's $7B asset portfolio including $1.16B in SOL.

coindesk.com

Relevant topic timeline:

8/23/2023

Bitcoin Climbs 3% to $26.6K; SOL, NEAR, ADA Lead Crypto Market Gains

Bitcoin and Ether rose over 3% to reach their highest prices in a week, while Solana, NEAR, Cardano, Polkadot, and Binance's altcoins also experienced gains, following a surge in traditional markets; however, experts predict that the downtrend in digital assets may continue for the next few weeks.

9/8/2023

Crypto Prices Stuck in Rut as Low Trading Volumes Threaten Wider Adoption

Bitcoin and other cryptocurrencies rose on Friday, but trading volumes remained low, indicating a lack of wider interest in the crypto space.

9/14/2023

Cryptocurrencies Rebound Slightly After FTX Ruling Sparks Temporary Drop

Bitcoin and major tokens experienced slight gains following concerns over the FTX court case ruling, with BTC rising 1.5% and Ether nearing $1,700; however, bearish sentiment remains among professional traders.

9/27/2023

Bitcoin Rallies Despite Strong Dollar as Spot Buyers Shake Out Bears

Bitcoin rose 2% to $26,750 during early U.S. trading hours, defying the strong dollar and driven by spot market buyers and a short squeeze, accompanied by an increase in net capital inflows in the spot market.