S&P Cryptocurrency Index has now lost 74% of its value over past 12m.
News of liquidity crunch, imminent collapse/subsequent takeover by rival of one of largest #crypto exchanges, FTX, with broad-based S&P Cryptocurrency Broad DMI tanking 14% (3rd worst day in 2022); has now lost 74% of its value over past 12m. Source; Liz Ann Sonders
FTX Token is now down 92% from its All-Time-High
FTX was rocked by the collapse of FTX Empire & the drama over potential acquisition of FTX by Binance. FTX was a huge player. According to CoinGecko, FTX was the 4th-largest crypto exchange by volume. Source: Bloomberg, FTX
FTX was the third-largest crypto exchange in spot volume.
How other exchanges can survive and compete against Binance? Source: Ki Yong Lu
FTT TOKEN PLUNGES 19%, BITCOIN FALLS < $20K AS PRESSURE MOUNTS ON FTX
FTT, the token created by crypto exchange FTX, dropped significantly amid an intensive sell-off fueled by Binance CEO Changpeng Zhao’s announcement to liquidate his company's entire holding of FTX native tokens.
#Samsung posts upbeat #earnings ! #stocks #trading #markets #Nasdaq #trending
Samsung reported better than expected revenue, signaling tech earnings may not be as bad as some feared about weakening demand and a rise in material costs. Investors are slowly shifting toward the view that the economic slow down may not be as painful as thoughts a few weeks earlier and there are increasing signs that inflation should ease in the medium term.
