One year on: Top 3 gainers after the ‘FTX crash bottom’
Bitcoin has more than doubled in price since the FTX collapse a year ago, but several other coins such as Chainlink have seen ever bigger gains since. Go to Source
Serum
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Solana Struggles to Remain in the Top 20 as Prior Ties to FTX and Alameda Wounded the Project
Amid the market chaos within the crypto economy and following the climactic FTX collapse, the crypto asset solana has been one of the hardest hit during the last 30 days. Since FTX’s fallout, the digital currency lost 8.5% over the last month against the U.S. dollar and to date, it’s down 94.9% since the all-time … Read more
Document Claims Alameda CEO Caroline Ellison’s FTX Margin Position Was Negative $1.3B in May 2022
In a number of recent interviews, the former co-founder of FTX, Sam Bankman-Fried (SBF), explained that he “wasn’t running Alameda” and he “didn’t know the size of their position.” In a more recent discussion with The Block’s Frank Chaparro, SBF explained that auditors were looking at FTX’s corporate financials, but the auditors were “not looking … Read more
FTM price rebounds 50% as Fantom reveals 30 years runway (without having to sell its token)
The Fantom Foundation’s attempt to dispel concerns about potential FTX exposure has been a success thus far for FTM price. Go to Source Powered by WPeMatico
Serum price soars 140% in one week amid FTX ‘exit pump’ fears
FTX exposure risk has not stopped Serum price from a massive rally despite major cryptocurrency exchanges delisting SRM. Go to Source Powered by WPeMatico
Elliptic Analysis Says $477 Million Stolen From FTX, ‘Accounts Drainer’ Becomes 35th Largest ETH Holder
Three days ago, on Nov. 11, 2022, it was reported that FTX’s wallets saw unusual activities and FTX Telegram channel admins stressed that FTX was “hacked.” The same day, the new FTX CEO John Ray confirmed there were “unauthorized transactions.” A report by the blockchain intelligence firm Elliptic explains that out of “more than $663 … Read more
SBF’s ‘Truly Trustless’ Protocol — Serum’s Upgrade Authority May Be Tainted, Devs Look to Fork Project
According to Solana’s founder, Anatoly Yakovenko, Serum developers are forking the platform because the “upgrade key to the current one is compromised.” Serum, created by FTX’s Sam Bankman-Fried (SBF), was touted as “completely permissionless,” but now that the exchange has fallen, it’s suspected that Serum’s upgrade authority is tainted. A So-Called ‘Trustless’ Defi Protocol With … Read more
Solana erases its ‘Google rally’ gains but a 50% SOL price recovery is still in play
Solana bulls show signs of countering the ongoing correction trend, raising anticipations that SOL price would recover in the coming months. Go to Source Powered by WPeMatico
More Than 80% of the Funds Locked in Decentralized Finance Are Kept on 5 Chains, 21 Different Defi Protocols
In mid-March, the top five blockchains — in terms of total value locked (TVL) in decentralized finance (defi) — currently command more than 82% of the $198 billion TVL in defi across all blockchains. Each of these chains offers different types of defi protocols like decentralized exchange (dex) platforms and lending applications, allowing people to … Read more
FTX integrate Bonfida’s flagship service to enable domain withdrawal function
The ability for users to withdraw digital assets from centralized exchange FTX is expected to enhance security, ease-of-access, and traversing across the Solana ecosystem for both experienced and retail consumers alike. Go to Source Powered by WPeMatico
