While the analytics firm Nansen published a report that points to the Terra collapse igniting the flames of FTX’s and Alameda Research’s financial problems, onchain data from the intelligence and research firm Glassnode suggests FTX’s “cracks had formed as far back as May-June.” Glassnode’s report highlights a “growing pool of [onchain] data” that shows FTX’s…
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The Monetary Authority of Singapore had its reasons, and there was nothing more it could have done about the FTX threat any way, just like other national regulators. The Monetary Authority of Singapore (MAS), the country’s central bank, released a statement Nov. 21 to address “some questions and misconceptions that have arisen in the wake…
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Data shows the so-called Bitcoin “diamond hands” have shed 84.5k BTC from their holdings since the collapse of crypto exchange FTX. Bitcoin Long-Term Holder Supply Has Sharply Declined Recently According to the latest weekly report from Glassnode, the long-term holder supply has observed one of its most significant declines this year in recent days. The…
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In the wake of the FTX collapse, formerly the second-largest exchange in the world, its competitors are taking over its trading volume and market share. The nascent sector is still suffering the consequences of recent events; many crypto companies filed for bankruptcy or are in the process of raising emergency liquidity. The FTX’s fallout is…
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According to a report citing three people familiar with the matter, the former FTX CEO Sam Bankman-Fried (SBF) may be extradited to the United States for questioning. After it was alleged that SBF transferred $10 billion in customer funds to Alameda Research, the company’s financials show between $1 billion and $2 billion has gone missing.…
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While the contagion effects of FTX’s collapse still cannot be fully assessed, Bitcoin whales and OGs seem to be playing it safe. Most notably, the insolvency fate of Genesis Trading, DCG and Grayscale is hovering over the Bitcoin market like a sword of Damocles. This uncertainty is especially evident in the cohort of Bitcoin whales…
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ETH’s price lost its demand zone of $1,200 as the price struggled to hold above $1,000. ETH’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors. ETH’s price looks weak as the price struggles to hold above $1,000, with the possibility of reclaiming the daily…
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LTC’s price continues to hold strong as the bull refuses to give in to the FTX fiasco as price trends are above $60. LTC’s price continues to look strong despite bearish market sentiments, as things look uncertain for most traders and investors. LTC’s price looks strong and continues to hold above the daily 50 Exponential…
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The situation in the Bitcoin and crypto market has continued to follow a downward trend. Prices of most crypto assets are maintaining a southward movement over the past weeks. The collapse of FTX is still spinning the wheels negatively as the contagion spreads. Glassnode, a blockchain analytics company, reports more doubts about the crypto market.…
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