FTX experienced a liquidity crunch and was unable to process user withdrawals. CEO @SBF_FTX later filed for Chapter 11 bankruptcy in the US and resigned from his position.
As @FTX_Official is going through major challenges, let’s see who has invested in the company. 🧵👇👇
🧵🧵Now that #Ethereum has successfully transitioned to Proof of Stake (#PoS), it’s worth taking a look at what’s next for the network.
Time for a thread. ->
We're witnessing the biggest leverage reset in crypto history.
One of crypto's largest VCs 3AC is facing insolvency, which could spell disaster for the entire space.
🧵: The ULTIMATE thread on what led to the downfall of 3AC, and what it means for the future of crypto. 👇
The new partnership will potentially make legal actions against scam operations much easier for victims as they would be able to join forces together and split the litigation expenses.
https://t.co/S9VndU2MhL
According to Dennis Lynch, bitcoin is like Kenny from "South Park," who dies every episode but comes back again in the next one.
https://t.co/5QtNdapTyN
The worst may be over for the Bitcoin network, as the hash rate has doubled, while other metrics are slowly recovering from their 2021 lows.
https://t.co/kO9nFZnT7Y
In an unfortunate attempt to sell a Mutant Ape digital art, the NFT holder mistakenly sold it for $17 instead of $54k, which is the equivalent of 17 ETH.
https://t.co/Pq3xpxKKi2
After losing more than $90 million worth of crypto assets to hackers, Liquid Global has received $120 million in loan from leading crypto exchange FTX.
https://t.co/53lMtdC06j
Bitcoin's USD value will skyrocket to $100,000 in the upcoming months, according to Adam Back, Florian Grummes, and the S2F model.
https://t.co/eMpepjMdUm
The total supply of stablecoins on cryptocurrency exchange has reached an ATH of nearly $20 billion. Here is what it means according to CryptoQuant’s CEO.
https://t.co/1aTg8BDeUO
Bitcoin is currently trading above the $50,000 region for the first time since its highest levels in May, but this time, the rally is not fueled by retail interest.
https://t.co/vf5R3oRP4T
The hacker who stole 610 million from Poly Network has finally returned full asset control after cooperating with the team and other security firms.
https://t.co/IRMVXnayG7
Most executives at large corporations foresee that digital assets will be an important part of the future monetary system, a research concluded.
https://t.co/x67RrQTHKc