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A longtime regular on the crypto scene, Sovryn and BitcoinOS founder Edan Yago learned the importance of financial sovereignty at an early age.

New markets take time to mature and crypto is no different. The next stage will see more attention given to fundamental metrics and better data will drive the change, says Michael Nadeau, founder of The DeFi Report.

FTT was up 11% in the past 24 hours as the broader market tracked by CoinDesk 20 slumped 4%.

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Over 94% of creditors voted in favor of the plan, which promises to return 118% of their claims in cash.

Its FTT token surged nearly 11% after the news.

FTX founder Sam Bankman-Fried filed to appeal his conviction and sentence for fraud and conspiracy charges on Thursday, hours before his deadline to do so.

The location of the new prison is undisclosed as of early Thursday, but is thought to be in California, WSJ said. He is likely to be placed in a medium-security prison.

The federal indictment doesn't identify Sam Bankman-Fried's FTX as the pilfered company, but Bloomberg reported that's who it was.

Court filings show the crypto estate wants to agree procedures so that it can sell the shares at the "optimal" time.