One week's beautiful article introduces the most noteworthy hot articles in the past week to help investors deeply understand the market dynamics.
1.90% of Ethereum (ETH) Dumped from FTX Main Wallet In Just Two Days
The recent transfer of $500 million worth of FTX Tokens (FTT) to Binance has brewed major skepticism surrounding the finances of the crypto exchange. However, FTX CEO Sam Bankman-Fried has assured that all operations are working fine but investors have pressed the panic button.
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2.FTX Registers Huge Outflows Amidst Growing Liquidity Concerns
Sam Bankman-Fried-led FTX exchange has seen a huge surge in withdrawals, leading to a substantial drop in its stablecoin reserves.
According to the available data, over $451 million in stablecoins has flown out of FTX over the past seven days. The exchange is under severe pressure amid growing but unsubstantiated rumors around the balance sheet of its sister firm, Alameda Research.
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3.zkSync----Opportunities of Layer-2 Blockchain
This week, we focus on the following events: 1) Binance to Sell Rest of FTX Token Holdings as Alameda CEO Defends Firm's Financial Condition; 2) Helium, Building Out Mobile Network, Plans to Give Free Trials to Solana Phone Users; 3) US Seizes 50K Bitcoins Related to Silk Road Marketplace.
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4.Sequoia Capital marks down entire $214M FTX stake to zero
Venture capital firm Sequoia Capital tweeted out a letter sent to its partners on Nov. 10 revealing the firm had marked its $213.5 million investments in FTX and FTX US down to $0, claiming them as a complete loss.
5. BTC financing interest rate hit a new low, with the bottom looking below 14000 dollars
Although the BTC price has dropped significantly recently, reaching the lowest point of 15588 US dollars, the typical support may appear at a lower point. From the price performance since 2019.
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