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5 Things FTX’s Fortunes Next Week in Crypto

1/5 What’s happening in Crypto by

@BessageTech 19 Dec 2022

💰 BTC Price: 16736.20 🔋Hashrate:244.53 EH/s 📊 Difficulty:34.24 T Bitcoin BTC cryptocurrency Crypto airdrop Blockchain climate

2/5 big crypto stories next week Next week, former FTX CEO SBF is expected to tell a court in the Bahamas he will no longer contest extradition to the United States. Gemini hopes to get a handle on its fallout from Genesis, while Binance looks to shrug off a surge in withdrawals.

3/5 Buckle up for More Trouble FTX’s failure has already rattled the operations of numerous organizations, including Genesis and BlockFi. Others, such as Temasek, Multicoin Capital, Paradigm, and CoinShares, reported severe losses due to exposure to the collapsed former giant.

4/5 FTX Contagion is not Over yet, Guggenheim’s Scott Minerd Warns Minerd warned of “another shoe to drop” in the FTX crisis. Scott Minerd – CIO and Chairman of Guggenheim Partners – believes the demise of crypto exchange FTX will cause more problems for companies and investors.

5/5 Buckle up for More Trouble FTX’s failure has already rattled the operations of numerous organizations, including Genesis and BlockFi. Others, such as Temasek, Multicoin Capital, Paradigm, and CoinShares, reported severe losses due to exposure to the collapsed former giant.

This post is based on this twitter thread.

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