• Welcome to Marathon
  Layer-1 cryptocurrency surpassed Bitcoin, and Ethereum soared 27% after Amazon Cloud cooperation
  
  avalanche
  
  AVAX/USD
  
  +7.09%
  
  Within a few hours after the launch of the partnership between Ava Labs and Amazon Web Services, the share price soared by more than 27%.
  
  Ava Labs has joined the AWS partner network, making it possible to cover more than 100000 partners worldwide, and helping to accelerate the adoption of blockchain in enterprises, institutions and governments.
  
  Howard Wright, vice president of AWS and head of global startups, said: "Looking ahead, web3 and blockchain [are] are inevitable. No one can determine the time, date or quarter when it will happen. It will become the mainstream, but we have seen the growth cycle before."
  
  AWS said on its website that about one quarter of Ethereum
  
  ETH/USD
  
  +9.43%
  
  Workloads are running on their platforms, and multiple blockchains are already using their services.
  
  Price action: According to the data of Benzinga Pro, the transaction price of Apex Crypto Bitcoin (CRYPTO: BTC) in the past 24 hours was US $18218, up 4.36%. The trading price of ETH in the past 24 hours was USD 1402, up 5.10%.
  

  
  

• With crypto clearing reaching US $200 million, Bitcoin hovers below US $19000: Is market fear receding?

  Bitcoin

  Bitcoin/USD

  +11.1%

  It reached the level of $19000 on Thursday night, and then fell to $18800 in the liquidation of $80 million.

  According to CoinGlass data, more than $200 million of cryptocurrencies have been cleared in the past 24 hours.

  More than 38246 traders closed their positions within 24 hours, which means that short positions failed to break the BTC price level.

  The second largest settlement occurred in Ethereum

  ETH/USD

  +9.43%

  Transactions, in which a total of US $71 million was lost.

  Bitcoin's "fear and greed index" rose from 26 points on Wednesday to 30 points today, indicating that the fear in the market is weakening. The index collects and evaluates multiple indicators to continuously measure market sentiment, including price trends and social media posts.

  Price action: According to the data of Benzinga Pro, at the time of writing this article, the transaction price of BTC in the past 24 hours was $18822, up 3.16%.

  
  

Worlddefi Cloud Mining: The Pros and Cons of Mining and Trading

 2022-03-03 00:03

Pros and Cons of Mining and Trading

According to Worlddefi Mining, mining cryptocurrencies may be the frontrunner for you if you're a techie. You may already have some of the tools to experience mining, but still question whether this endeavor entitles you to make a significant investment in better mining equipment. You may want to consider a few of the pros and cons of mining here.

Pros and Cons of Mining

Pros.

- Requires computer science expertise

- Minimal risk

- Daily income withdrawal

- Complete control over investment

Disadvantages.

- Computer science expertise required

- Experience in setting up and maintaining PC components

- Ongoing observation of equipment

- Constantly tracking the cryptocurrency market

- Steady but declining revenue

According to Worlddefi Mining, a preferred method of mining is "cloud mining". If you are looking for a safe financial investment in the crypto market, cloud mining may be the way to go.

The Pros and Cons of Trading

If you don't like tinkering with gears and ASICs, and you are good with numbers, you can try trading. These are a few important aspects of it compared to mining.

Pros.

- High returns

- Basic phone, tablet or laptop is enough to start trading

- Quick deposits and withdrawals from the exchange.

Disadvantages.

- Requires mental control and financial skills

- Instrument with high risk of loss, which can result in total loss of your investment

- Requires a rewarding trading style

- Difficult to determine expected returns

While trading makes earning cryptocurrency easier and faster, Worlddefi Mining says mining is the foundation of crypto trading, as most mainstream crypto tokens are generated on a PoW mechanism. Currently, mining and trading can be done simultaneously to obtain cryptocurrencies. However, mining has to be done first, followed by bulk trading.

 Technology offers huge profit opportunities for cryptocurrency players. Individuals can be divided into investors and miners, which, according to Worlddefi Mining, is forcing some capitalists to choose between mining and trading when determining how to make a profit. No matter how much you intend to spend on cryptocurrencies, these issues are inevitable.

Trading and mining are two ways to invest in and generate income from cryptocurrencies, and both have their pros and cons. Based on different understandings and expertise, one may be considered better than the other. Here, we analyze the differences between mining and trading cryptos and compare their advantages and disadvantages.

Worlddefi Mining: What is mining?

    Mining is the basis for ongoing network tasks, product creation and algorithm improvement, both of which are associated with the growth of the crypto market. The barrier to entry for trading is much smaller than for mining, and one can start trading with $100.

What is crypto trading?

   Crypto trading is a way to make money by dealing with cryptocurrencies. Crypto traders trade on exchanges and profit from changes in exchange rates. Cryptocurrencies are purchased at low cost (low price or slightly lower price) and sold when their value increases.

   To start trading, you must choose a trustworthy cryptocurrency exchange. We encourage starting with Binance, a margin trading cryptocurrency exchange with a pleasant interface, quality support and top-notch security. Trading volume, liquidity and number of supported sets are essential factors in choosing a cryptocurrency exchange.

Worlddefi Mining: If you like to invest for the long term for high profits, then welcome to Worlddefi. by trading cryptocurrencies on margin, you can earn 100% (mining return level) every day and possibly 500-1000% in 6 months or sooner. We wish you luck and good luck!

Worlddefi Mining: If you are experienced in dealing with hardware, are not afraid of seemingly negative noises, and want consistent gains and knowledge, then mining with reduced investment threats is for you. If you want to buy cryptocurrency, go ahead and do it. Don't worry about mining because you only have to pay for electricity and tool maintenance while looking for valuable cryptocurrencies to mine. This time you can invest in something else.

Shiba Inu swallowed the bones of Bitcoin and Ethereum with a 6% increase

Meme Cryptocurrency Shiba Inu

SHIB/USD

+9.90%

5.98% increase in the past 24 hours exceeded Bitcoin

Bitcoin/USD

+12.0%

And Ethereum

ETH/USD

+9.69%

profit.

SHIB, known as "dog money"

Governor/USD

+7.76%

Killer ", after the large cryptocurrency investors transferred millions of dollars of cryptocurrency, the value of cryptocurrency has soared unprecedentedly. The whale transferred US $28.7 million of SHIB, triggering a massive buying frenzy and leading to a sharp increase in the value of the token

With the long-awaited upgrade of Shibarium getting closer, there are more and more speculation about when it will come. Although the official date has not yet been released, the upgrade is expected to be scheduled for early 2023.

Shibarium upgrade is a Tier 2 platform, which is a major improvement on the existing SHIB blockchain. It was first proposed by Ryoshi, its anonymous founder, in May 2021.

Since SHIB is built on the ETH blockchain, projects in the SHIB ecosystem have been struggling to cope with scalability and high gas costs. Shibarium upgrade promises to provide enhanced scalability and significantly reduce high transaction costs.

Price action: The BTC transaction price was $17463, up 1.49%. According to the data of Benzinga Pro, the price of DOGE was US $0.07662, up 2.05% in the past 24 hours.

The FTX token soared by 40%, surpassing Bitcoin and Ethereum - triggering a short squeeze

After several weeks of stagnation, the cryptocurrency market recovered on Monday, because the performance of tokens with smaller market value was better than that of larger tokens such as Bitcoin

Bitcoin/USD

+12.5%

And Ethereum

ETH/USD

+9.43%

One of the biggest winners is FTT

FTT/USD

+4.54%

The token of the cryptocurrency exchange founded by Sam Bankman-Fried. The collapse of the exchange in November caused its price to plummet, but it has seen a huge increase of 40% in the past 24 hours.

At the time of writing, the trading price of FTT was US $1.30, which still fell by 96% in the past year.

According to the data of Coinglas, more than $245 million of short positions have been cleared in the past 24 hours. This major move caught many traders unprepared, which meant that some people who bet on price decline were seriously hurt.

The sentiment of cryptocurrency investors improved on Monday as BTC remained above the key US $17000.

Serum

SRM/USD

+7.09%

, Solana's native token

Sol/USD

+21.8%

After the collapse of Alameda Research and FTX, stocks based on decentralized exchanges soared by 12%.

Price action: According to the data of Benzinga Pro, the transaction price of BTC was 17191 US dollars, down 0.17% in the past 24 hours.

Bitcoin broke through 17000 US dollars, and Ethereum and Dog Coin expanded their gains: analysts forecast a rebound in cryptocurrency this week, but don't be complacent

Bitcoin

Bitcoin/USD

+9.10%

And Ethereum

ETH/USD

+5.83%

It soared on Sunday night and appreciated sharply along with other cryptocurrencies in the top 10 in market value.

According to the data of CoinMarketCap, Bitcoin rose 3.42% to $17175 in the past 24 hours, breaking the level of $17000, while ETH rose 7.84% to $1292.

Mime and dog coins

Governor/USD

+7.10%

It also showed positive earnings, up 4% to US $0.075.

The total market value of cryptocurrency increased by 2.77% to US $845.4 billion.

The Dow Jones Industrial Average rose 2.1%, the Standard&Poor's 500 Index rose 2.3%, and the Nasdaq Composite Index closed 2.6% higher on Friday.

This is the best day for the Dow Jones and S&P 500 since November 30, and the most successful day for the Nasdaq since December 29.

Michael Van De Poppe predicted a sharp rebound this week, but warned that there would be a slight decline on Monday due to the possible bankruptcy crisis of Gemini, the cryptocurrency exchange.

Genesis, a Crytpo lender, cut 60 jobs last week, accounting for 30% of its total employees, as it tried to save money and avoid filing for bankruptcy.

CryptoSlate's analysis of Glassnode data shows that the positions of Bitcoin and Ethereum have increased significantly.

The analysis shows that there is an obvious trend that call options are significantly more than put options, indicating that option traders are strongly bullish. Bitcoin has the strongest demand level in the range of US $15000 to US $20000, and its call options and put options are roughly the same.

Considering its recent consolidation since the collapse of FTX, it is not surprising that it trades within this general price range.

Michael van de Poppe, cryptocurrency analyst, said that if this important support level collapses, Bitcoin may experience a "painful" period

Micha ë l van de Poppe, a popular cryptocurrency analyst based in Amsterdam, said that Bitcoin

Bitcoin/USD

+6.19%

If you do not see buying support above the key price level, it may fall sharply.

In a recent video presentation, Van de Poppe said, "The important thing is the level of $16750. If it wants anything, it needs to stay there. If we don't plan to stay there, it will be a relatively painful period for the market."

"If the market does not jump to more than $16700, we may be looking for a new low. If you look at the counterfeit currency, it will clearly show the same view," he added.

Last year, when BTC hit the price level of US $30000, Van de Poppe said that it might reach US $31800.

At the time of writing, the transaction price of Bitcoin was $16941, which has increased by more than 2% in the past seven days.

Talk about Ethereum

ETH/USD

+4.79%

Van de Poppe said that it might move towards a lower price target.

"At this time, ETH does not continue to rise. So we are falling, which means that if we cannot accelerate the pace, I expect the price will be between $1220 and $1230," he said.

At the time of writing, the trading price of ETH was US $1264, which has increased by more than 5% in the past 7 days.

Goodbye, Wyle? MetaMask stops supporting the struggling encrypted payment platform

MetaMask, the cryptocurrency wallet provider, will no longer support the payment platform Wyre because it is reported that the latter will be closed soon.

In a tweet on January 5, MetaMask said that Wyre had been removed from its mobile aggregator, which allows users to purchase cryptocurrencies directly through digital wallets.

The wallet provider added that it was working hard to remove the extension and asked users to stop using Wyre on mobile aggregators.

Although support for Wyre has been terminated, MetaMask said that it still supports many other payment gateways, including Transak, MoonPay and Sardine, which can be accessed through Apple Pay, bank cards and bank transfers.

Wyre CEO Ioannis Giannaros told employees: "We will continue to do our best, but I hope everyone is ready because we will need to close the business in the next few weeks."

Wyre, headquartered in San Francisco, was founded in 2013 and received an offer of $1.5 billion from the e-commerce startup Bolt almost in April 2022. However, due to the bear market of cryptocurrency, the transaction was finally cancelled in September.

Twitter hackers have stolen more than 200 million emails, which may lead to a large number of "targeted phishing and Doxxing", security researchers said

According to a security researcher, Twitter suffered from data leakage, and hackers stole more than 200 million e-mail addresses and posted them on online hacker forums.

What happened: Alon Gal, co-founder and chief technology officer of Hudson Rock, an Israeli network security monitoring company, shared the details of hacker attacks in a LinkedIn post, which was first noticed by Reuters.

Gal said that the leaked e-mail database was "widely disseminated", including "the unique records of 235 million Twitter users and their e-mail addresses. Unfortunately, this will lead to a large number of hacker attacks, targeted phishing and doxing."

Gal described it as one of the "most important" leaks he had ever seen, adding that the leak would be used for Twitter accounts with Ethereum cryptocurrency

Ether/USD

-0.44%

The symbol in the name.

He said that other adverse effects included hacking into high-profile and political accounts, as well as attacking accounts with good user names.

Not recently? According to Reuters, the earliest hacker attack may occur in 2021, before Elon Musk, CEO of Tesla, acquired Twitter.

The size of the leak is still unclear. Early accounts will be leaked with 400 million email addresses.

In July 2020, a Twitter internal tool for the infamous Bitcoin

Bitcoin/USD

-0.06%

The scam led to the intrusion of 100 well-known users, including Musk, President Joe Biden and Bill Gates.

Bitcoin remained stable; Fire coin token and Aptos dropped the most

Bitcoin

Bitcoin/USD

+0.73%

After the Federal Reserve released its recent meeting minutes on Wednesday, it was almost flat this morning.

Ethereum

Ether/USD

-0.04%

, slightly lower, and the price broke through the key $1200 threshold on Thursday.

Helium

NT/USD

-24.3%

It was the largest increase in the first 24 hours, while the Huabi Token

HT/USD

+1.24%

It turned out to be the biggest loser.

Here are the top ten winners and losers of cryptocurrency in the past 24 hours:

winner

Helium

NT/USD

-24.3%

Price: $1.82

24-hour revenue: 8.7%

Slip

Kava/USD

+3.14%

Price: 0.6639 USD

24-hour increase: 7.7%

Electronic cash

XEC/USD

+3.55%

Price: 0.00002441 USD

24-hour increase: 7.4%

Pepper

CHF/USD

+0.74%

Price: US $0.1097

24-hour increase: 5.2%

The workload certificate of Ethereum

Ether/USD

Price: USD 3.26

24-hour revenue: 4.1%

loser

Fire coin

HT/USD

+1.24%

Price: $4.62

24-hour decline: 11.2%

Aptos

APT/USD

Price: USD 3.69

24-hour decline: 6.7%

Mina

Mina/USD

+1.49%

Price: 0.449 USD

24-hour decline: 4.9%

OKB 

OKB/USD

+0.87%

Price: 26.99 USD

24-hour decline: 4.2%

Synthesizer

SNX/USD

+7.27%

Price: $1.54

24-hour decline: 4.1%

The market value of cryptocurrency exceeded 800 billion dollars; Kava and Solana led the way

Bitcoin

Bitcoin/USD

+0.59%

This morning, the price of the world's most valuable cryptocurrency rose slightly. On Tuesday, it traded at about US $16700.

Ethereum

Ether/USD

-0.05%

, also rose slightly, and the price broke the key $1200 threshold on Tuesday.

Slip

Kava/USD

+3.22%

It is the largest increase in the past 24 hours, while the Internet Computer

ICP/USD

+3.07%

It turned out to be the biggest loser.

At the time of writing, the market value of global cryptocurrencies rose to $808.36 billion, or 0.2% within 24 hours. BTC rose 0.2% to $16739, while ETH rose about 0.1% to $1217 on Tuesday.

Here are the top ten winners and losers of cryptocurrency in the past 24 hours:

winner

Slip

Kava/USD

+3.22%

Price: USD 0.6364

24-hour increase: 16.9%

Solana

Sol/USD

+0.40%

Price: $12.32

24-hour revenue: 10.7%

Stream

Flow/USD

+1.65%

Price: 0.7259 USD

24-hour increase: 9.3%

Lido Island

Low differential pressure/USD

+0.33%

Price: $1.25

24-hour revenue: 6.4%

Doorplate

GT/USD

+0.90%

Price: USD 3.22

24-hour revenue: 6.1%

loser

Internet access computer

ICP/USD

+3.07%

Price: US $3.95

24-hour decline: 3.6%

Force element

Lisu/USD

-0.11%

Price: US $0.6765

24-hour decline: 1.6%

Tongyuan

Tons/USD

+0.02%

Price: US $2.17

24-hour decline: 1.4%

Immutable X

IMX/USD

+1.11%

Price: USD 0.3981

24-hour decline: 1.3%

Curve DAO Token

CRV/USD

+2.34%

Price: US $0.5327

24-hour decline: 1.2%

Bitcoin, Ethereum and Dog Coin are rising - why does this analyst say that it will enter a bull market in 2023

With the market value of global cryptocurrencies rising by 0.85% to US $805.75 billion, the main tokens gained momentum on Monday night.

Bitcoin and Ethereum appeared in green on Monday night, although stock futures trading was flat. At the time of writing, the S&P 500 index and Nasdaq futures were up 0.1% and flat, respectively.

Micha ë l van de Poppe, a cryptocurrency trader, said that he hoped Bitcoin would remain above US $16600, which would "cause the price of Bitcoin to continue to rise to US $17000".

In another tweet, Van De Poppe pointed to the "green candle" on the Bitcoin chart and said it was a "bull market". The green candlestick indicates that the opening price of Bitcoin is lower than the closing price of the day.

Santiment pointed out that the next Fed interest rate policy meeting will be held in more than four weeks. According to the market intelligence platform, cryptocurrency may "gather some [bullish] momentum to start 2023."

In addition to the distant FOMC meeting, Santiment pointed out that the US dollar index, which is ready to "fall again", is a factor that may support the rebound of cryptocurrency. The dollar index measures the strength of the dollar against a basket of six other currencies.

"If Bitcoin can break through the 51 day period we have been staying in, we may try to enter the 20-21K region," Santiment said. However, if it fails to break through the top of the Santiment range, it may move towards the $14000 mark.

Even so, the sequela of 2022 will continue in the new year.

On Monday, Cameron Winklevoss, co-founder of Gemini Exchange, accused Barry Silbert, CEO of Digital Currency Group, of using "malicious delaying tactics" to resolve Gemini's dispute over the redemption of its Earn products. After the collapse of the FTX cryptocurrency led by Sam Bankman Fried, there was a dispute of 900 million dollars.

Cryptocurrency analysts said Bitcoin could easily rebound to $160000: this is when it might happen

Cryptocurrency analyst Dave the Wave predicts Bitcoin

Bitcoin/USD

+0.56%

The price slump occurred in 2022.

Now, he expects the Apex cryptocurrency to rise sharply. According to his logarithmic growth curve (LGC), analysts predict that Bitcoin may rise to $160000 by January 2025.

He shared his views on Bitcoin on Twitter and said that Bitcoin could easily increase by 10 times in the next few years.

Dave the Wave said that despite the gloomy prospect of the encryption market, the LGC model continued to track the price trend of Bitcoin.

He added that the baseline of the model would continue to act as a support, just as the top of LGC acted as a resistance during the last bull market.

"The previous' foam 'has actually' burst '." However, on the whole, this is a completely different thing. "Speculative excesses culminated in a series of intermittent peaks, and the revisions provided various baselines, which represent the logarithmic growth curve," the analyst said on Twitter.

At the time of writing, the transaction price of Bitcoin was $16613, down about 1% in the past seven days.

Brazil and Asia won the best performing stock markets in 2022: the winners and losers are as follows

An unprovoked war threatening the energy crisis in Eastern Europe, a new wave of COVID-19 in China, and crazy interest rate hikes by major global central banks to curb inflation are the main themes in 2022.

This year was very difficult for investors, because financial assets were sold wantonly, and high-quality and safe haven assets were not spared. Due to the high risk, stocks were hit hardest.

The US market is in the leading position, falling sharply and dragging down the average level of other regions. " After a year of macroeconomic and geopolitical shocks, investors responded by reducing the price earnings ratio (P/E) of the S&P 500 index by as much as seven times, while some speculative growth sectors plummeted 70-80% from high, "JPMorgan Chase said in a recent report.

It all started with concerns about interest rate hikes and their potential impact on fragile economic growth. Since the end of 2020, with the impact of monetary and fiscal stimulus policies implemented after the first wave of COVID-19 wave beginning to be reflected in prices, inflation has deteriorated.

The inflation rate in the United States accelerated to a 40 year high of 9.1% in June, and then cooled slightly. Inflation is not a problem unique to the United States, because most other global economies have similar backgrounds and price pressures are rising in various countries. The global central banks have no choice but to accelerate interest rate hikes, which indicates a hard landing.

After the cumulative interest rate increase of 425 basis points, the federal funds rate is currently 4.25% - 4.50%. The Bank of Japan is the only central bank in developed countries that has held its ground. Recently, it announced that it would adjust policy interest rates and control bond yields, further increasing long-term interest rates.

The Russia Ukraine war, which began in late February, led to the confusion of most well considered policies and plans, because the bottleneck of the supply chain led to the soaring price of inputs. Even if the central bank began to worry about the trajectory of retail prices, it further exacerbated inflation.

The last straw was the intermittent recurrence of COVID-19 in China.

Worst and best: Russian stock market average index and Korean Kospi index are the worst performing indexes among G20 countries.

It is not surprising that Russia has had a bad year. By the end of the year, the MOEX Russia Index had fallen by about 43%. The domestic stock market was closed for about a month due to the price collapse caused by Russia's invasion of Ukraine. Official data released by Russia in November showed that the economy fell into recession, with a year-on-year decline of 4% in the third quarter.

Kopi fell about 24.89% before closing at 2236.40 at the end of the year. According to Reuters, this marks the first annual loss of the index in four years. According to the report, Kim Seok hwan, a future asset securities analyst, said that the global central bank's tightening of liquidity was the main reason for the weakness of the stock market in 2022.

The best performer was Brazil's Ibovespa, which rose 4.7% in local currency terms. Analysts hope the index will continue to perform well in the coming year. According to Bloomberg, Alejo Czerwonko, chief investment officer of emerging markets at UBS, said in a report in September that the Brazilian stock market should benefit from long-term high commodity prices, very attractive valuations (which do not reflect macroeconomic conditions) and relatively low global liquidity tightening risks

By the way, Brazil has stood out in several Asian markets and won the championship. India's 30 Sensex shares closed up 4.44%. Indonesia's Jakarta Composite Index and Singapore's Straits Times Index followed closely, rising 4.09% and 4.02% respectively.

According to Bloomberg, with the reopening of the pandemic and the recovery of the tourism industry boosting corporate profits, the markets in South and Southeast Asia benefited from funds chasing stocks in the region. It added that relatively moderate inflation would help offset the impact of a stronger dollar.

The UK market won the honorary award because it is the only market in major developed economies that closed green. Despite the political instability and the accompanying economic turbulence, the performance still emerged.

Performance of major global averages:

North America:

United States (S&P 500 Index): -19.44%

Canada (S&P TSX Composite Index: -8.66%

Europe:

France (CAC 40): -9.50%

Germany (DAX): -12.35%

UK (FTSE 100):+0.91%

Asia Pacific:

Japan (Nikkei 225): -9.37%

Hong Kong (Hang Seng Index): -15.46%

China (Shanghai Composite Index): -9.61%

Indonesia (Jakarta Composite Index):+4.09%

Taiwan (Taiwan Weighted Index): - 22.40%

Singapore (Singapore Straits Times Index): 4.02%

Malaysia (FTSE Malaysia Composite Index): -4.60%

Thailand (Thailand Aggregate Index):+0.67%

India:+4.44%

New Zealand (NZX 50 Index): -11.92%

Australia (all ordinary shares): -7.17%

South America:

Brazil (Ibovespa):+4.69%

Mexico (IPC Mexico): -9.03%

FTX Japan announced the schedule for recovering customer withdrawals in mid February

From the middle of February, customers with trading accounts in the closed FTX Japanese subsidiary of Cryptocurrency Exchange will be able to withdraw funds.

After FTX Japan initially stopped service on November 8, it released a schedule to resume customer withdrawals on Thursday.

According to the company, FTX Japan will start contacting customers from the middle of January, and the withdrawal service will resume from the middle of February.

Timetable may change, FTX warning

The company warned that the timetable could change depending on the progress of the external security audit.

FTX Japan KK holds approximately US $94.5 million in crypto assets and US $46 million in fiat currency in designated customer accounts.

Sam Bankman Fried, the founder of the company, is now facing criminal charges for his role in the collapse of his cryptocurrency empire, which exposes investors to potential losses of billions of dollars.

FTX faces scrutiny because of its relationship with Washington, because Bankman Fried is a major Democratic donor, while his former deputy Ryan Salame is a major Republican donor.

Highly concentrated spontaneous FTT equity

FTT/USD

+0.68%

Bankman Fried's hedge fund Alameda Research used tokens as collateral for billions of dollars of cryptocurrency loans to accelerate the decline of FTX.

When Binance, a rival exchange, said that it would sell its FTT holdings, a large amount of capital flowed out.

A few days later, the company filed for bankruptcy.

Asset value of Sam Bankman Fried FTX Exchange $3.5B is held by Bahamas regulators

According to reports, regulators said on Thursday that the Bahamas Securities Commission held FTX assets worth 3.5 billion dollars.

The digital assets of FTX created by Sam Bankman Fried were transferred to the wallet under the control of the Bahamas regulatory authority in November soon after the Cryptocurrency Exchange and its sister company Alameda Research and other related entities filed for bankruptcy in the United States, according to the report.

Importance: According to Reuters, Christina Roll, Executive Director of the Commission, said in an affidavit submitted to the Supreme Court of the Bahamas: "All transferred assets were and are under the sole control of the Commission."

According to Rolle, after the transfer takes effect, FTX founders Bankman Fried and Gary Wang no longer have the right to access the transferred or frozen assets.

It is reported that in early November, the securities regulatory authority of the Bahamas was seeking to control the bankruptcy proceedings of FTX, challenging this troubled company's Chapter 11 application in the United States

FTX customers sue for priority repayment: what investors need to know

Four customers of FTX have filed a class action lawsuit to the Delaware Bankruptcy Court (the venue of FTX's bankruptcy proceedings), demanding priority in repaying customers' capital losses of about 2 billion dollars.

The customer claimed that FTX transferred the funds to the closely related investment fund Alameda Research in the way of "illegal" and "directly violating FTX's own customer agreement and service terms, as well as the basic principles of common law and honesty and fairness"

The lawsuit argued that retail customers who suffered financial losses due to the bankruptcy of FTX and sister company Alameda Research should not wait in line with other creditors to recover their funds.

A committee representing unsecured creditors has been set up. The committee consists of more than 100 entities investing in failed exchanges and their subsidiaries. These entities have no collateral to repay the debts owed by FTX to them.

The court document pointed out that "the cash and assets traceable to the customer, which never belong to FTX or Alameda, nor to the estate, should be specifically designated to the customer, and the injured customer should also have priority in obtaining any other cash owned or recovered by FTX or Alameda. [Affiliated debtor group]," The Block reported.

Sam Bankman Fried, the co founders of FTX and Alameda, and Gary Wang, and Caroline Ellison, the former CEO of Alameda, face multiple fraud allegations respectively.

Ellison and Wang have pleaded guilty to criminal and civil charges.

Layer-1 hybrid blockchain token increased by 10% in a week, leaving Bitcoin, Ethereum and Doggie coin in the dust

XDC network

XDC/USD

-3.74%

It has risen by more than 10% in the past seven days, and the trading price was 0.027 dollars, recorded at 12:00 a.m. EDT on Monday.

XDC Network has always outperformed the market in its basic development activities. According to the data of the cryptocurrency analysis platform Santiment, XDC's development activities are at one of the highest points this year. If the current trend continues, it may reach a new historical high by the end of 2022.

The second one on the list is Litcoin Network

LTC/USD

-1.15%

, up 9.64% in the past seven days. Lite coins are rapidly attracting attention in North America, Europe, the Middle East and Africa, Asia Pacific and Latin America.

According to BitPay's blog, the monthly Letcoin payment has increased by 109% in just one year, ranking the second in the world and becoming a leading payment option.

The third on the list is helium

NT/USD

-24.3%

The peak value of 8.48% was recorded. OKB

OKB/USD

-0.80%

Ranked fourth, up 5.96%, Cronos

CRO/USD

-0.30%

The last one has risen 5.80% in the past seven days.

Even if Bitcoin, Ethereum and Dog Coin miss the market revenue, the DeFi token will soar by 102% in 2022

As 2022 draws to a close, it is clear that the native token GMX of the decentralized crypto exchange

GMX/USD

According to the data of Benzinga Pro, the largest increase was more than 102%, and the transaction price was $45.

What Happened: Apex Encrypted Bitcoin

Bitcoin/USD

-0.60%

, Ethereum

Ether/USD

-1.48%

Ether/USD

Ethereum

$ 1193.20

-17.62

( -1.48% )

Market value: 143.855B

Volume: 11.02B

Date range: 1431.02 - 1507.83

More about

ETH/USD

And dog coins

Governor/USD

-3.16%

It did not even enter the list of top 100 winners calculated by market value at 2:30 a.m. EDT on December 26.

The biggest loser: Terra Luna Classic

Lennac/USD

-12.8%

The value has been hit by an astonishing 100%.

Luna's encryption crash is unprecedented because of its connection with TerraUSD (UST), which is the algorithm stable currency on Terra's network. On May 7, the pledge of more than US $2 billion of UST was cancelled (removed from the anchoring agreement). This chain reaction led to the rapid liquidation of hundreds of millions of Luna tokens.

The second place is Solana

Sol/USD

-10.3%

, which is associated with the blockchain supported by Sam Bankman Fried. Since the beginning of 2022, it has decreased by more than 94.1%. Solana, once known as the killer of Ethereum, has been plagued by multiple interruptions and large-scale hacker attacks in recent months.

One of the main reasons for the decline of SOL price is the collapse of FTX. After Bankman Fried declared bankruptcy and resigned as CEO of this troubled company, some digital assets related to FTX and Alameda Research were significantly affected.

The sudden departure caused a chain reaction of a series of events, dragging down the price of many tokens.

Axis infinite

AXS/USD

-4.91%

In 2022, it will plummet by 93%, becoming the third largest loser. This is largely due to the fact that millions of acquired tokens are about to be unlocked, which has triggered concern about a large number of selling in the market. However, data from DappRadar also shows that interaction with the game has decreased.

Sandbox

Sand/USD

-5.07%

And Filecoin

Fiji/USD

-0.93%

They fell to the 4th and 5th place respectively, with a drop of more than 93.5% and 92%.

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