Wenger Plattner, the trustee for the bankrupt Zürcher Oberland Health Center (GZO), faced a setback as a court halted their attempt to force bondholders to submit their titles for a CHF 170 million bond. This ruling allows bondholders to retain control, complicating the GZO’s restructuring efforts amid demands for municipalities to share the financial burden. Without an agreement, Wetzikon Hospital risks being sold off.
about Court Ruling Strengthens Bondholders in Wetzikon Hospital Bankruptcy CasePost Holdings, Inc.
0 in Finance and 0 in Crypto last weekEl Salvador Continues Bitcoin Purchases Despite IMF Pressure to Halt
El Salvador’s President Nayib Bukele announced that the country will continue purchasing Bitcoin despite the IMF’s request to halt its accumulation and mining activities. Bukele emphasized that the government’s commitment to Bitcoin remains strong, having acquired at least one Bitcoin daily since March 4. El Salvador currently holds 6,101 Bitcoin, valued at approximately $534.5 million, making it the sixth-largest holder among nations.
about El Salvador Continues Bitcoin Purchases Despite IMF Pressure to HaltBitcoin’s Volatility Continues Amid Lack of Genuine Buyers in Market
Bitcoin’s price volatility is expected to persist until genuine buyers enter the market, as hedge funds have been exploiting low-risk yield trades rather than investing for the long term. With Bitcoin recently falling below $80,000, analysts suggest that most of the market damage has already occurred, but further declines could follow if upcoming economic data disappoints. The current market dynamics are leaving Bitcoin in a precarious position as liquidity pulls back.
about Bitcoin's Volatility Continues Amid Lack of Genuine Buyers in MarketNorth Korean Hackers Linked to 1.5 Billion Dollar Bybit Crypto Theft
The FBI has linked North Korean hacking groups to a $1.5 billion cryptocurrency theft from Bybit, a Dubai-based exchange. The attack involved sophisticated malware and exploited vulnerabilities in cold wallets, leading to a significant drop in cryptocurrency prices and increased regulatory scrutiny on exchanges. Reports indicate North Korea has stolen $1.2 billion in crypto over five years, using the funds to support its economy and nuclear program amid sanctions.
about North Korean Hackers Linked to 1.5 Billion Dollar Bybit Crypto TheftDogecoin Price Forecast Indicates Potential for Significant Rally
Crypto analyst Olivier predicts a potential 75% rally for Dogecoin (DOGE) if it remains within a specified channel, possibly pushing its price above $0.3. However, a drop below $0.15 could invalidate this bullish outlook. Meanwhile, analyst DOGECAPITAL suggests that DOGE could reach as high as $10 in this market cycle, drawing parallels to previous price actions. Currently, DOGE is trading around $0.20.
about Dogecoin Price Forecast Indicates Potential for Significant RallyDogecoin Open Interest Declines Significantly Amid Bearish Market Sentiment
Dogecoin’s open interest has plummeted over $3 billion since January, currently sitting at $1.91 billion, reflecting a bearish sentiment among traders. The decline in network activity, with new address creation dropping significantly, further indicates waning interest, while analysts warn of potential price drops below the $0.2 level. Despite the downturn, some analysts believe a rally to $1 or even $10 could occur, drawing parallels to previous bull cycles.
about Dogecoin Open Interest Declines Significantly Amid Bearish Market SentimentDogecoin Price Rally to Ten Dollars Still Possible According to Analyst
Crypto analyst DOGECAPITAL remains optimistic about Dogecoin’s potential to reach $10, citing historical price patterns and technical indicators. Despite a recent decline to around $0.21, he believes Dogecoin is poised for a significant rally, potentially peaking at $45 in the upcoming phase of its market cycle, driven by technological advancements and growing institutional interest.
about Dogecoin Price Rally to Ten Dollars Still Possible According to AnalystCalls for Safer Token Launchpad Practices After LIBRA Memecoin Crash
Pump.fun’s founder has called for stricter regulations on token launchpads following the LIBRA memecoin crash, which resulted in significant user losses and allegations of market manipulation. He emphasized the need for better education, accessible onboarding, and enhanced user protection to safeguard investors in the crypto ecosystem. The LIBRA token, briefly endorsed by Argentine President Javier Milei, saw its market cap plummet by $4.4 billion within hours after a surge in price, raising concerns over insider scams and manipulative practices.
about Calls for Safer Token Launchpad Practices After LIBRA Memecoin CrashPresidents Day Closure of Banks and Government Offices
On Presidents Day, banks, post offices, government offices, and the stock market will be closed, impacting various financial and public services. This holiday observance affects operations across multiple sectors, leading to a pause in regular activities.
about Presidents Day Closure of Banks and Government OfficesPresidents Day 2025 Closure of Stock Market Banks and Post Offices
Presidents Day 2025 will see the stock market, banks, and post offices closed in observance of the federal holiday. This closure affects various sectors, highlighting the significance of the day in the national calendar.
about Presidents Day 2025 Closure of Stock Market Banks and Post OfficesCardano Shows Signs of Rebound Amid Market Downturn and Increased Trading Volume
Cardano (ADA) is showing signs of a potential rebound as the TD Sequential indicator has flashed a buy signal, despite a recent downturn where ADA’s price fell to $0.7, down 22% over the past two weeks. Analysts note a bull flag pattern on the daily chart, suggesting a possible price bounce, with projections reaching up to $1.325 if momentum builds. Retail participation has increased, with trading volume rising by 44.7%, while whale holdings have slightly decreased, indicating profit-taking but not a complete exit from positions.
about Cardano Shows Signs of Rebound Amid Market Downturn and Increased Trading VolumeBitcoin Rises Following Federal Reserve Meeting and Regulatory Comments
Bitcoin extended its rally, rising 1.3% to approximately US$105,134 following the Federal Reserve’s recent meeting, where Chair Jerome Powell discussed the potential for increased regulation of digital assets. The largest cryptocurrency has surged over 50% since Donald Trump’s election victory, prompting speculation about a possible pause in its upward momentum. Powell’s comments indicated that banks could serve crypto customers if they manage associated risks, and he suggested that enhanced regulatory measures from Congress would be beneficial.
about Bitcoin Rises Following Federal Reserve Meeting and Regulatory Comments