DeFi platforms see profits amid FTX collapse and CEX exodus
On-chain data flashed positive for DEXs and an increase in protocol revenue, even as markets corrected due to FTX’s insolvency.
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On-chain data flashed positive for DEXs and an increase in protocol revenue, even as markets corrected due to FTX’s insolvency.
The wallets seem to indicate that over $1billion worth of BTC, USDT, ETH, and USDC are held by the exchange.
Crypto exchanges use technology and basic design principles to attract a new wave of users into the crypto ecosystem.
Authorities in both countries are reportedly in conversation about whether to bring the former FTX CEO back to the United States.
The collapse of FTX crypto exchange has nothing to do with the success of Bitcoin because BTC is decentralized and FTX was not, Tim Draper said.
A Citi analyst has warned of a serious risk of broader contagion to the crypto ecosystem stemming from the collapse of crypto exchange FTX, noting that the contagion “can last…
News of BlockFi’s potential bankruptcy filing comes only a day after the platform denied allegations that the majority of its assets were held on FTX.
Sam Bankman-Fried’s FTX exchange acquired the Japanese crypto trading platform Liquid Group and its subsidiaries in February 2022.
In the latest bankruptcy filing for the exchange, it was revealed that there may be 1 million creditors, rather than the 100,000 initially estimated.
The hardware wallet firm is certain that the latest uptick in demand is a result of investors rescuing their funds in the aftermath of the FTX failure.