GSR
GSR 1 minutes reading from Bitcoin

Market Update: Bitcoin, CFTC Collapse, and Ukraine Collapses: This Week in Finance

Daily Market Update 11/17: BTC is currently trading around 16.6k and ETH around 1.2k. Notable gainers in the last 24 hours are APT, TWT, and XCN

Global equity markets & crypto are down modestly, while rates are higher. Much of the focus remains on the fallout from @FTX_Official's collapse, with news including Bahamian liquidators rejecting the validity of FTX’s US bankruptcy filing;

Singapore’s sovereign wealth fund @Temasek wrote down its 275m investment in @FTX_Official & FTX US to zero; @FSCDems will hold a hearing on FTX in December & is seeking testimony from @SBF_FTX @binances role in the FTX collapse has come under US congressional scrutiny

El Salvador revealed plans to start buying one Bitcoin every day; @Tether_to announced it has no exposure to @GenesisTrading or @Gemini Earn; @Sony is looking to patent blockchain & NFT tech for usage in games; Republicans secured a US House majority, splitting Congress w Dems

For other notable news of the day, check out the full crpyot market commentary here:

Daily Market Update: Nov 17, 2022 - GSR Markets
This post is based on this twitter thread.

Comments

Please login to comment.
GSR GSR
read at 7 minutes

0 0 0
Phoenix Phoenix
read at 26 minutes

0 0 0