• Sam Bankman-Fried (SBF)’s attorneys have agreed to pay for a technical expert to help the judge understand SBF’s bail terms.
• The expert will help Judge Kaplan understand Virtual Private Networks (VPN) and encrypted messaging applications.
• SBF’s lawyers are already looking for an expert and anticipate being able to propose a candidate by the end of the week.

Sam Bankman-Fried’s Legal Team Hires Technical Expert

Agreement to Pay For Expert

Sam Bankman-Fried’s (SBF) attorneys have informed the court that they have agreed to pay for a technical expert. This is significant as it will help the judge with technical aspects of SBF’s bail terms. The letter shared by Fox reporter Eleanor Terrett on 22 February stated that Sam Bankman-Fried’s defense team will pay for the technical expert.

Assisting Judge Kaplan

The aforementioned expert will assist Judge Lewis Kaplan in better understanding Virtual Private Networks (VPN) and encrypted messaging applications, which are an important aspect of this case in determining SBF’s bail terms. Moreover, SBF’s lawyers are already researching and contacting possible experts, expecting to propose one or more potential candidates to the court by the end of the week.

Why This Is Significant

The need for an independent technical expert arose when it was discovered that Sam Bankman-Fried had used encrypted messaging applications to contact former employees of FTX, allegedly attempting to influence their testimony. Consequently, Judge Kaplan warned him about a possible revocation of his bail and subsequent incarceration until his bail terms were finalized. As such, he was restricted from using VPNs or any encrypted messaging applications until then.

Implications Of Technical Expert

The appointment of this specialist is important as it will help ensure that Sam Bankman-Fried receives a fair ruling in regards to his case against FTX. Furthermore, it could also potentially benefit other cases involving similar technology related issues as well as provide guidance on best practices when using such technologies in legal proceedings going forward.

Conclusion

In summary, Sam Bankman-Fried’s legal team has agreed to hire an independent technical expert in order to aid Judge Lewis Kaplan with understanding specific technological aspects related to SBFs case against FTX, which could be beneficial both now and in future cases involving similar technology related matters

• Fantom (FTM) underwent a bullish surge of 10.24% in the last 24 hours and is currently facing potential consolidation.
• Exchange inflow was down to 293,000 while the exchange outflow was higher at 899,000 implying more accumulation than sell off.
• Technical indicators such as Directional Movement Index (DMI), Average Directional Index (ADX), and Awesome Oscillator (AO) suggest FTM could swing around $0.5 region in the near future.

Fantom (FTM) Witnesses Bullish Surge

Fantom [FTM], the smart contract token, gained over 10% in the last 24 hours after holding support. Investors‘ motive towards selling could increase as MVRV ratio spiked up but so far FTM enjoyed more accumulation than intention to dump the token.

Technical Outlook For FTM

The technical outlook shown by Directional Movement Index (DMI) puts FTM in the midst of potential consolidation because +DMI was higher than -DMI but did not have the support of Average Directional Index (ADX). The ADX measures directional strength of an asset with value higher than 25 indicating strong directional movement and vice versa. At press time, it stood at 38.39 which suggests downtrend for FTM’s trend since its glory days of bullishness seem to be over as per Awesome Oscillator (AO).

Exchange Inflow & Outflow Analysis

As per Santiment’s data, exchange inflow was down to 293,000 while its opposite number, exchange outflow was higher at 899,000 implying more accumulation than sell off for FTM which further strengthened investors‘ portfolio as Market Value to Realized Value (MVRV) ratio revived from its lows to hit 2 marks recently.

How Many are 1,10 & 100 FTMs Worth Today?

Currently 1 FTM is worth around $0.4945 USD and 10 FTMs would amount to approximatley $4.945 USD while 100 FTMs would cost around $49.45 USD at press time according to CoinGecko’s data on Fantom price chart movements today.

Conclusion

Overall Fantom witnessed a bullish surge of 10+% in last 24 hours and is currently facing potential consolidation due to prevailing technical indicator readings along with positive exchange inflows & outflows analysis which resulted in MVRV ratio revival from its lows recently giving investors a hope that it might swing around $0.5 region soon enough if market conditions remain same or similar as current ones today!

• Litecoin [LTC] saw a bullish market structure, breaking out above $100 after bouncing from the $95 support level.
• The Federal Reserve Chair Jerome Powell said 2023 could see a decline in inflation, although it could be a process that takes „quite a bit of time.“
• The rise in Open Interest and positive funding rate showed capital entering the market and bullish intent for LTC.

Litecoin [LTC] Bullish Market Structure

Litecoin [LTC] saw a bullish market structure, bouncing from the $95 region of support over the past few days and looking set to break out above $107. On the four-hour chart, Litecoin closed an H4 session above $100 but faced some short-term resistance at $102.5. The reaction at $95 and attempts to push above $100 meant bulls had the upper hand. Above $106, $115 and $132 may pose stiff resistance to LTC bulls.

Federal Reserve on Inflation

The Federal Reserve Chair Jerome Powell said 2023 could see a decline in inflation, although it could be a process that takes „quite a bit of time.“ It remains to be seen whether the market views risk-on assets more favorably in the next couple of weeks.

Market Reaction on 7 February

The market reaction on 7 February suggested that crypto assets could see more gains in the coming days as Bitcoin [BTC] saw a small move upward from

• Core Scientific has received permission from the U.S. Bankruptcy Court for the Southern District of Texas to borrow up to $70 million from B. Riley to replace an existing credit facility that was extended in December 2022.
• The new credit facility will provide an aggregate principal amount of $35 million on an interim basis in a single borrowing and the remaining amount from the original $70 million will be available in one or more borrowings.
• The new credit line is intended to provide liquidity to Core Scientific during the chapter 11 proceedings.

Core Scientific, a crypto miner that filed for bankruptcy in December 2022, has been granted permission by the U.S. Bankruptcy Court for the Southern District of Texas to borrow up to $70 million from B. Riley. The loan will replace an existing credit facility that the bankrupt crypto miner had secured from the investment bank in December 2022.

The new credit facility will provide an aggregate principal amount of $35 million on an interim basis in a single borrowing. The remaining amount from the original $70 million will be available in one or more borrowings. Core Scientific had requested the bankruptcy court to schedule an emergency hearing to allow the replacement of the credit facility with B. Riley.

The court filing revealed that the mining firm intends to use the new credit line to settle the existing debtor-in-possession (DIP) facility with the investment bank. According to Core Scientific, the new credit facility was the result of extensive marketing and hard-fought negotiations with numerous potential lenders. Furthermore, the company’s shareholders supported the plan to replace the existing credit facility in favor of the new arrangement.

The new credit line is intended to provide liquidity to Core Scientific during the chapter 11 proceedings. The company will use the loan to pay off the original DIP facility, as well as other expenses to allow the miner to remain in operation during the bankruptcy proceedings.

Core Scientific has stated that the new credit facility is expected to provide the company with additional liquidity and flexibility, and will enable it to continue its mining operations and focus on emerging opportunities in the cryptocurrency industry. The company is currently in the process of negotiating a plan of reorganization with creditors, and the new credit facility will provide Core Scientific with the necessary resources to continue operations while the reorganization is finalized.