πͺπΊ Lagarde calls for more regulation of cryptocurrencies after FTX collapse
#regulation
#regulation
π£ elonmusk: Apple has practically stopped advertising on Twitter. Does America hate free speech?
This media is not supported in your browser
VIEW IN TELEGRAM
π US House Committee Sets FTX Collapse Hearing for December 13th.
This media is not supported in your browser
VIEW IN TELEGRAM
π₯³ Several crypto analysts have tweeted that Nexo's double-digit returns may not be sustainable, especially given the recent crash of FTX.
π Weekly Report glassnode:
The collapse of FTX triggered one of the biggest capitulation events in BTC history, washing away billions of dollars. The market remains somewhat stagnant, probably taking time to fully digest the recent volatility.
The characteristics of this surrender bear some similarities to the 2018 bear market. This sell-off resulted in significant statistical deviations from the average investor losses. The current unrealized loss associated with the actively traded coin supply is actually at an all-time low, rivaled only by the bottom peaks of the 2015 and 2018 bear cycles.
The collapse of FTX triggered one of the biggest capitulation events in BTC history, washing away billions of dollars. The market remains somewhat stagnant, probably taking time to fully digest the recent volatility.
The characteristics of this surrender bear some similarities to the 2018 bear market. This sell-off resulted in significant statistical deviations from the average investor losses. The current unrealized loss associated with the actively traded coin supply is actually at an all-time low, rivaled only by the bottom peaks of the 2015 and 2018 bear cycles.
πΊπΈπ The US Treasury announced an agreement with Kraken. Kraken has agreed to transfer $362,158.70 to settle its liability for sanctions violations against Iran. As part of its settlement with OFAC, Kraken also agreed to invest an additional $100,000 in enforcement of certain sanctions.
βοΈBlock Inc. sues for bitcoin.com due to alleged trademark infringement regarding his recently released Verse token.
cointelegraph.com
cointelegraph.com
π Report Kaiko:
- The stETH discount worsened after a whale withdrew $100M worth of ETH from Curve.
- The market share of BUSD in volume on centralized exchanges is approaching all-time highs.
- The ratio of futures volume to spot volume has fallen by 5 times, which means that fewer derivatives are traded compared to spot.
The price of bonds issued by crypto companies has plummeted along with stock prices as investors assess the risk of contagion.
- The stETH discount worsened after a whale withdrew $100M worth of ETH from Curve.
- The market share of BUSD in volume on centralized exchanges is approaching all-time highs.
- The ratio of futures volume to spot volume has fallen by 5 times, which means that fewer derivatives are traded compared to spot.
The price of bonds issued by crypto companies has plummeted along with stock prices as investors assess the risk of contagion.
π€ CryptoAttack π¬π§
π₯³ According to the bankruptcy filing, BlockFi's liabilities range from $1 billion to $10 billion.
π The declaration reveals that, in preparation for bankruptcy, BlockFi has taken steps to liquidate some of its crypto assets in order to increase available cash.
funds to finance its business and administrative expenses, managed to raise $238.6 million.
funds to finance its business and administrative expenses, managed to raise $238.6 million.
π Israel Ministry of Finance Issues Guidelines on Regulating Digital Assets coindesk.com
π The MakerDAO community launched a vote to increase DAI annual yield [voice.makerdao.com](https://voice.makerdao.com/polling/QmV3oNeX
π BlockFi Sells $239M Cryptocurrency to Cover Anticipated Bankruptcy Costs and Warns Employees of Layoffs bloomberg.com
π BlockFi sues SBF for forfeiting $575M stake in Robinhood ft.com