Bitcoin balances on exchanges are shrinking and Binance is no exception

The collapse of FTX left a gaping hole in the crypto market.

The post Bitcoin balances on exchanges are shrinking and Binance is no exception appeared first on CryptoSlate.

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A $10 billion earthquake might soon cause a BTC and ETH price disorder

The entire crypto market, and especially Bitcoin, have been badly affected by the unexpected collapse of the FTX crypto exchange weeks ago. Bitcoin price has gone as low as $15,800 within that time even though it sold at nearly $70,000…

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Bitcoin supply last active over 10-years ago reached an all-time high: $41B

Bitcoin’s supply last active ten years ago just reached a new all-time high, showing that long-term accumulation is continuing to grow despite the market crash caused by the fall of FTX. Data provided by on-chain analytics service provider Glassnode shows…

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IMF: the African crypto market needs regulation as it keeps growing

The International Monetary Fund (IMF) has noted that the rapid emergence and evolution of cryptocurrencies in Africa has highlighted the need for more effective regulatory efforts. Delays in adoption The recent collapse of the FTX cryptocurrency exchange highlighted the risks…

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CoinMarketCap unveils proof of reserve tracker to avert another FTX situation

A new tool on CoinMarketCap’s website that provides users with up-to-date financial details on exchanges has been launched, according to the industry leader in market research and tracking for cryptocurrencies.

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50 Billion MATIC Transaction Raises Eyebrows

MATIC was one of the few cryptocurrencies to register high gains prior to the FTX fall. The crypto market’s doom, however, has now pulled Polygon back to the pre-rally levels.  The post 50 Billion MATIC Transaction Raises Eyebrows appeared first on BeInCrypto.

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Market Wrap: Crypto Markets Nervous as the FTX Collapse Dents Institutional Confidence

Coinbase and MicroStrategy bonds tanked, crypto markets plunged and the FTX exploiter moved a total of 180,000 ether. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.

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FTX collapse causes quant traders to flee crypto markets

The collapse of FTX has sent chills through the crypto market, causing both large and obscure quant funds to either shrink their positions or close shop entirely. This situation seems to open up profitable opportunities for those still daring to…

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Ethereum Price Tumbles Down, What’s The Reason Behind The Decline?

The crypto market has recently witnessed different shades of events, impacting several assets negatively, such as Ethereum. The collapse of the FTX crypto exchange is still causing many downtrends in the market.

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Crypto Market Forecast: Week of November 21st 2022

A curated weekly summary of forward-focused crypto news that matters. This week, the FTX collapse drives the price of Bitcoin to new lows, FTX contagion causes connected crypto firms to tremble, and assets flow out of exchanges as traders lean towards self-custody.

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Sam Bankman-Fried on the run after a $600M FTX ‘hack’? Polygon, Shiba Inu and Oryen are the cryptos to buy right now

Crypto enthusiasts anticipate Polygon and Shiba Inu prices to rise to $1 or higher despite the market’s general bearish outlook. Analysts also observe Oryen’s rapid growth as a potential reserve currency that is in its presale phase.

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Algorand's current market standing could have investors eyeing ALGO because...

ALGO shows improvements on the social front dApps witnessed a surge in unique users and TVL shows growth With most eyes on the events that transpired around FTX in the last 13 days, a networThe post Algorand's current market standing could have investors eyeing ALGO because... appeared first on AMBCrypto.

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Bank Of America drops Coinbase over FTX’s misdoings

Bank of America decided to stock downgrading due to the FTX crypto exchange disaster and its impact on the cryptocurrency market.

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The curious case of FTX and the hacker that holds ETH worth $300 million 

Ever since news around the FTX exchange started doing rounds, the entire cryptocurrency market was crippled with FUD. With each passing day, authorities are discovering shocking facts around SBF and tThe post The curious case of FTX and the hacker that holds ETH worth $300 million  appeared first on AMBCrypto.

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What’s going on with Silvergate, the bank that props up the U.S. crypto market?

Earlier this week, cryptocurrency bank Silvergate announced that its exposure to FTX was limited to its deposits. The post What’s going on with Silvergate, the bank that props up the U.S. crypto market? appeared first on CryptoSlate.

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World’s Largest Publicly-Traded Hedge Funds Bet Big on Crypto Despite Recent FTX Turmoil

Man Group Limited plans to start a crypto hedge fund while the market is yet to heal from the recent FTX turmoil. The post World’s Largest Publicly-Traded Hedge Funds Bet Big on Crypto Despite Recent FTX Turmoil appeared first on BeInCrypto.

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This Crypto Venture Capital Loses Almost $1B On FTX, When Will This FTX Fiasco End?

The collapse of the FTX crypto exchange is one of the biggest shocks to hit the industry. The impact of the fall is spreading to different crypto assets and several investors on the exchange. The crypto market has been experiencing massive downward performance as prices of assets kept declining.

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Forget The Federal Reserve, The Market Is Pivoting Anyway

CPI numbers from the U.S.-led markets to rally, leaving bitcoin in the dust as FTX shocked the crypto world. The Federal Reserve tests out a CBDC.

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Is Solana Next to Enter Cryptocurrency Graveyard?

Current cryptocurrency market and FTX circumstances may prevent Solana from reaching its target of being Ethereum killer

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Market Wrap: Investors Continue to Learn More About FTX's Mismanagement

The largest cryptocurrency by market capitalization was recently up about 1% and hovering comfortably over its $16,000 support of the past nine days. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.

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Solana loses $1 billion in the Tether chain swap from USDT to Ethereum

Following the bankruptcy of crypto exchange FTX, this statement comes at the wrong time for Solana, which was among the top 5 largest cryptocurrencies by market size only weeks ago. With a 25.4% decline over the last week, Solana has…

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Bitcoin Financial Services Firm Unchained Capital Cutting Staff, Reshuffling Management

While the company has no exposure to FTX, the extended Bitcoin bear market is taking a toll on parts of the business.

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Binance CEO Suggests t Principles For Centralized Exchanges To Prevent FTX Fiasco

Irrespective of the analytical lens you choose, you might feel that the recent FTX debacle’s impact is heavier than other unfortunate past incidents, especially because it happened when the market was going through a bearish time.

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Why Bitcoin Is Not At Risk Of Knocking $10,000 If Grayscale Increases Selling Pressure

The crypto market has seen extreme selling pressure over the past week, with Bitcoin recording a fresh yearly low below its current levels. The number one crypto by market cap is entangled in the collapse of crypto exchange FTX and its subsequent fallout.

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Trust Wallet Token (TWT) Undeterred Market Downtrends With Over 90% Gains

As calls for self-custody rage on, Trust Wallet Token has enjoyed unprecedented surges in the past week. On TWT’s week-on-week chart, the token has amassed over 90% gains. This comes as FTX’s debacle unfolds and traders grow wary of centralized exchanges.

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Is Binance CEO Changpeng Zhao To Blame For FTX Collapse?

In the space of one week, FTX had gone from being the second-largest crypto exchange by trading volume to being bankrupt. This swift move from being ‘okay’ to being in ‘hot water’ has shown just how uncertain things can be in the crypto market.

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Bitcoin price may still drop 40% after FTX ‘Lehman moment’ — Analysis

BTC’s price targets now include $12,000, with Ether potentially falling to $800 for the pit of the bear market.

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stETH sees growth in APR, yet fails to deliver on the price front because...

stETH clinched an all-time high in its APR since the Merge Recent market downturn caused by FTX's collapse has made it hard for its price to see much positivity stETH, the tokenized form of The post stETH sees growth in APR, yet fails to deliver on the price front because... appeared first on AMBCrypto.

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Chiliz Continues To Trend Higher Amidst World Cup Fever; Is $0.4 Possible?

 CHZ’s price shows bullish signs as price breaks out above its range channel showing signs to rally high as FTX fiascos continue.    CHZ’s price trades above $0. 25 with the market’s current state, as things look uncertain for most traders and investors.

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Circle CFO says USDC is operating ‘as expected’

Circle’s Chief Financial Officer Jeremy Fox-Geen has released an update on the operations of the company’s stablecoin USD Coin (USDC). Fox-Geen’s statement is a response to the market turmoil following the collapse of crypto exchange FTX.

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Community fears FTX implosion might affect Grayscale

Grayscale Bitcoin Trust (GBTC) shares are selling at a record discount of 42.69% to the underlying asset’s value following FTX’s implosion and fears of market contagion. The post Community fears FTX implosion might affect Grayscale appeared first on CryptoSlate.

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Toncoin (TON) Continues To Shine With 13% Gains

Telegram’s own blockchain, TON, continues to enjoy impressive gains despite current market volatility. The open-source protocol has been one of the few ecosystems to stay afloat following the FTX saga.

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Litecoin Shows Bullish Signs As Price Eyes $70; Will Bulls Push To This Region?

 LTC’s price shows bullish signs as price holds above its range channel showing signs to rally high as FTX fiascos continue.    LTC’s price trades above $60 with the market’s current state, as things look uncertain for most traders and investors.

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Crypto Analysts Lament Why FTX Fallout Will Worsen

According to analysts, 2022 has been an unprecedented crypto market contagion, and the worst is not over yet. The fallout from the FTX collapse could still cause much more damage to the industry.

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FTX's downfall resulted from the market acting as ‘judge, jury and executioner' — Pompliano

The crypto investor and Bitcoin bull said that in crypto, market forces tend to eliminate bad people as quickly as bad businesses.

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FTX will be the last giant to fall this cycle: Hedge fund co-founder

This bear market has seen the collapse of Celsius, Three Arrows Capital, Voyager, and now FTX, but the worst is likely over, a hedge fund executive suggests.

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Market Wrap: Crypto Respond Sideways to FTX and related crises

The largest cryptocurrency by market capitalization was recently up about 1% and hovering comfortably over its $16,000 support of the past nine days. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.

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Top 4 Altcoins That Defy The FTX Fiasco – TWT, LTC, GMX, CHZ

The price action displayed by top altcoins in recent times has yet to be encouraging with the market’s erratic price movement after a cascading effect suffered by FTX led to many altcoins, including the price of Ethereum (ETH), battling for survival.

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FTX Collapse Leaves Total Crypto Market Cap Under $800B, Close to 2022 Low

The FTX debacle has triggered a slide in cryptocurrency prices that wiped out some $183 billion of value from digital assets this month.

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FTX Collapse May Bring Bull Market Faster, Says Prominent Trader

Murad Mahmudov has put a positive spin on the ongoing cryptocurrency market collapse

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Bitcoin Long-Term Holders Face Major Financial Stress

The Bitcoin and crypto market is still wallowing in turmoil from the collapse of the FTX exchange. Many crypto assets have followed a correlation with the decline of FTX Token, FTT. As a result, the past few days brought an intense bearish pull on the prices of virtual assets.

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How Uniswap [UNI] is emerging victorious in the current bear market

Uniswap witnessed a massive surge in terms of social mentions and engagements The revenue collected by it grew, however, the daily active users declined In light of the FTX debacle, the entiThe post How Uniswap [UNI] is emerging victorious in the current bear market appeared first on AMBCrypto.

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Bitcoin Bulls And Bears Tussle As Price Stalls At 16,500; Who Will Come Top?

 BTC’s price lost its all-time high of $18,000 as FTX fiascos continued to affect its price.    BTC’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors.

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Bitcoin successfully survived the FTX crash and returned to $17,000 amid further weakening of inflation in the US

The price of bitcoin is gradually recovering amid new signs of slowing inflation in the United States. Last week, the cryptocurrency market experienced the pressure associated with the bankruptcy of the FTX exchange — an event comparable to the Mt.

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Who sold the most BTC in the aftermath of the FTX collapse? 10yr holders sell at highest ever rate

Aside from wiping out billions from the global market cap, the collapse of FTX also wiped out the confidence of even the most convinced Bitcoin holders. The post Who sold the most BTC in the aftermath of the FTX collapse? 10yr holders sell at highest ever rate appeared first on CryptoSlate.

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Venture Capital Andreessen Horowitz escaped “FTX bullet”

a16z, reportedly turned down opportunities to invest in FTX, the failed exchange that has roiled the crypto market, but rather made a killing selling tokens.

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FTX Contagion Spreads, Will ETHE And Grayscale Bitcoin Trust Share Same Fate As FTT?

The sudden decline of FTX has created a devasting effect on the entire Bitcoin and crypto market. Panic shorting of digital assets is the order of the day, with Solana taking a massive hit as many investors dumped the coin.

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Coinbase says it has no exposure to Genesis, touts ‘strong capital position’

Due to the chain reaction of events following the FTX collapse, the leading exchange Coinbase felt the need to clarify that it has a ‘strong capital position’ amid market turmoil, and has zero exposure to Genesis.

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Crypto Market Slides After Genesis Withdrawal Halt, but Big Investors May Hunt for Bargains

Most digital assets trade lower on Wednesday as another crypto firm gets hit by the FTX contagion. Some analysts see enduring interest from institutional investors – possibly at an even lower entry price than previously contemplated.

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These Crypto Market Makers Were Wary of FTX Before Collapse

B2C2 and Kairon Labs had concerns about the exchange and its sister firm Alameda Research before liquidity concerns hit headlines.

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