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The U.S. equities and the broader cryptocurrency were barely moved. The top mover for today is FTT, which soared by 34.26% in the past 24 hours following the excitement on FTX 2.0.
FTT was a utility token for the defunct crypto exchange FTX, which went bust in November 2022 and caused the subsequent wipeout of billions of dollars. New CEO John Ray III took over the management as professional liquidators officially controlled the FTX. Ray has outspoken his plan to restart the exchange several times, with the recent report from WSJ that the time may come soon. Furthermore, the FTX debtors have agreed to sell assets and get back invested money to recover part of their losses in recent months. All of the above shore up the balance sheet of FTX and lead to a higher recovery ratio for the debtors.
Check Out the Latest Prices, Charts, and Data of FTT/USDT Here!
Mastercard is set to launch a test version of its Multi-Token Network (MTN) in the UK this summer to develop live pilot applications and use cases with fintech, central banks, and financial institutions. MTN is built on a permissioned blockchain that the company has positioned as being capable of transforming payment capabilities. The MTN Innovation Sprint program will provide access to MTN's capabilities, with developers encouraged to build apps on the platform. The first round of apps will be powered by tokenized bank deposits, with Mastercard Crypto Credential ensuring safe transfers of tokens and assets. Mastercard has partnered with several crypto exchanges to offer debit or prepaid cards for digital asset purchases.