amid the seismic events involving crypto exchange FTX’s proposed sale to Binance, the world's top crypto exchange by volume. Bitcoin and ether have declined by over 11% and 20% respectively, in the past 24 hours, catching many traders off guard. Meanwhile, futures tracking bitcoin and ether saw $390 million in losses due to liquidations in the past 24 hours.
detailing how its sister firm Alameda Research’s balance sheet was full of FTX's native token, FTT, causing a widespread exodus from the asset.over contagion risks following FTX’s liquidity woes. In the past 24 hours, seven exchanges, including Binance, Huobi and OKX, have said they will publish their audited fund reserves to increase transparency. Binance founder Changpeng Zhao urged industry players to provide “proof of reserves” following the FTX debacle.
JamieCrawleyCD Isn't this the 2nd biggest Democrat party donor?
JamieCrawleyCD He need an haircut
JamieCrawleyCD Why would anyone sell their bitcoin because a company is insolvent? IMO the btc price carnage is manufactured by the folks wanting people to freak out and sell their bitcoin and in order to do so pushing them back to the exchanges who are insolvent. It won't work. We see you 👀
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Source: CoinDesk - 🏆 291. / 63 Read more »