As news of the latest developments in the Mt. Gox repair process, first reported on November 16th, started to circulate, the fund's return to $55,000 became evident.

trustee Nobuaki Kobayashi said that the arrangements had now become "final and binding," implying that the 141,000 BTC in custody would be dispersed shortly.

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Repayments to rehabilitation creditors with approved rehabilitation claims will be made by the Rehabilitation Trustee in line with the Rehabilitation Plan.

Rehabilitation creditors will be notified in full of the dates, processes, and amounts of repayments.

While the Mt. Gox conclusion has been known for some time, wobbly markets seemed to ratchet up their position Tuesday, with sentiment taking a further pounding.

At the time of writing, the Crypto Fear & Greed Index was 33/100, returning from "neutral" to "fear" zone.

Token SAND soared 260% in November ahead of the play-to-earn metaverse's launch

The price of SAND surged to $5.64 after gaining 16.25 percent intraday, but it has since retraced part of those gains and is now trading at $5.54. In the last month, The Sandbox's token has gained about 260 percent and 14,700 percent, making it the crypto sector's 41st-largest coin, with a market valuation of more than $5 billion.

Despite this, signals of a negative divergence between SAND's price and momentum might impede its upward progress.

There was a lot of excitement this month because of The Sandbox's decision to open up part of its metaverse through its multi-week play-to-earn Alpha event, which begins Nov. 29 at 1:00 PM UTC.

It has been revealed that 5,000 gamers will be selected to win up to 1,000 SAND (currently worth $5,540) and three non-fungible tokens (NFT) as they go through Sandbox's 18 virtual activities.

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SAND spot markets' recent purchasing spree — which saw its price rise by approximately 37% and 40% versus the U.S. dollar and Bitcoin (BTC) in the preceding 24 hours — also came on the back of expectations of a possible cooperation between The Sandbox and sportswear giant Adidas.

Ripple's CEO says the company is making progress in its legal battle with the SEC

The CEO of Ripple, Brad Garlinghouse, claimed the business was making "very good progress" in its legal fight with the US Securities and Exchange Commission (SEC). A resolution is expected by 2022.

In an interview with CNBC, Brad Garlinghouse said that Ripple's legal fight against the SEC is moving in their favor. However, because to the case's peculiarities, it is unlikely to be resolved before the end of 2021:

"Despite the legal process going slowly, we're seeing positive progress."

According to the CEO, the judge heading the case has been asking "excellent questions" because he "realizes this is not just about Ripple" since the conclusion of the court fight would have a larger effect.

XRP was allegedly sold for $1.3 billion in an unregistered securities offering by the SEC's blockchain payment business, which is also the XRP issuer.

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As part of their argument, the company said that the cryptocurrency, which is not subject to the same level of regulation as other financial instruments, should not be classified as a security.

In addition, Garlinghouse said that the lack of comprehensive regulations in the crypto field is "frustrating." And he went so far as to attack the country's securities authority for being the only institution in the world to maintain that the XRP coin is, after all, a security.

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