Despite the failure of Luna and FTX there is still strength in the crypto market: the Bitfinex report
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The first notable factor to emerge from Bitfinex Alpha‘s weekly report is that despite the implosion of the Terra Luna ecosystem and the collapse of FTX, there is still strength rising in the crypto market. It is worth recalling that Luna collapsed due to an attack perpetrated by a person or a group who carried out short selling on the value of the LUNA cryptocurrency. FTX, on the other hand, collapsed following an official report from CoinDesk, which explained some irregularities regarding FTT, the platform’s native token. Bitfinex Alpha Report: the crypto market after Luna and FTX Between these macro
Trading on the Kraken and Bybit exchanges grew by almost 10% As a result of the FTX crash in November 2022, some crypto exchanges recorded a weakening of user activity. The biggest drop in trading was seen on Bitfinex, Kucoin, Gate.io and OKX. For example, at Bitfinex, prior to the…
The chief executive of crypto derivatives exchange FTX says that the downfall of Ethereum challenger Terra (LUNA) was due to faulty marketing rather than outright deception. Sam Bankman-Fried... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go to Source Author:…