After the previous week, which saw the deterioration of one of the largest crypto exchanges, this one was significantly less volatile in terms of price movements but quite eventful for reports popping left and right that revealed intriguing information regarding SBF, FTX, Alameda, and other involved parties.
Let’s start with the price developments. The primary cryptocurrency had already suffered a lot from the FTX meltdown, dropping from over $21,000 to a two-year low of $15,500 last week. It tried to recover some ground during the weekend and briefly hopped to $17,000 before it plummeted below $16,000 on Monday.
After another volatile trading day, BTC returned to $17,000 and spent most of the next few days there. It tried to conquer that line on a few occasions but to no avail, with the latest одбацивање coming just hours ago.
Most of bitcoin’s price movements were related to new information concerning FTX, Alameda, or the person behind both entities – Sam Bankman-Fried. Similarly, projects highly related to them were also affected, even worse. Such is the case with Solana, which saw companies like Tether tried to растојање themselves. Ultimately, this pushed SOL’s price further south.
The overall situation with the crypto market is rather gloomy on a weekly scale, though. Ethereum is down by 5%, Binance Coin by 8%, Cardano by almost 10%, while MATIC has seen an 18% decline.
The cumulative market cap of all crypto assets has gone down to $833 billion on CoinMarketCap. BTC’s dominance stands at 38.5%, while its own market cap is struggling to remain above $320 billion.
podaci са тржишта
Тржишна капитализација: $ 833Б | 24В Вол: 49Б | БТЦ доминација: 38.5%
БТЦ: 16,630 $ (-2%) | ЕТХ: 1,212 $ (-5%) | БНБ: $ 271 (-8%)
Can’t-Miss Crypto Headlines From This Week
Аламеда тајно изузета од ФТКС-овог механизма за аутоматску ликвидацију: Судски поднесак – The new CEO of FTX, who stepped up to take charge during the company’s troubled times, открила some shocking details about how both entities were run. One of them indicated that Alameda was secretly exempted from FTX’s auto-liquidation engine.
Нови извршни директор ФТКС-а разбија праксе управљања под Сам Банкман-Фриед-ом – The CEO went into more detail about the failed practices at FTX and рекао he had never “seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here.”
Генесис зауставља повлачење средстава за своју кредитну руку након колапса ФТКС-а – Being one of the largest crypto exchanges with relations to many other industry companies, FTX’s collapse meant that many other participants will eventually get hurt. One of the first to stop withdrawals for its lending arm was Genesis.
Чувар фондације Луна, ТФЛ потрошио је 3.4 милијарде долара да одбрани УСТ Пег: Извештај – A rare non-FTX news from this week came from a извештај claiming that the Luna Foundation Guard and Terraform Labs had spent over $3 billion trying to defend UST after it lost its peg against the dollar.
БлоцкФи истражује банкрот као одговор на ФТКС Фаллоут: Извештај – Another company with ties to FTX that is suffering from the adverse developments is BlockFi. Although the rumors are still unconfirmed, some Извештаји claim that the crypto lender has begun exploring bankruptcy following the FTX collapse.
Аламеда Ресеарцх је наводно Фронтран нови лист токена на ФТКС – More shocking news about Alameda and FTX – this time, WSJ пријавио that SBF’s trading arm – Alameda Research – frontran new token listings on FTX, which is highly illegal.
Порука Аламеда, ФТКС у центру пажње, БТЦ губи 17 хиљада долара како се зараза шири: резиме ове недеље појавио прво на ЦриптоПотато.
Source: https://cryptopotato.com/alameda-ftx-in-the-spotlight-btc-loses-17k-as-contagion-spreads-this-weeks-recap/