Chiliz announced its decision to allocate 38 million CHZ to a public address that will help compensate up to $10,000 per FTX user who lost funds. The project has decided to engage with the liquidator to facilitate this over the next few weeks.
Dogecoin, the largest meme coin, started its recovery from the FTX-Alameda collapse. The meme coin yielded 2% gains overnight, however analysts remain bearish on Dogecoin price. Dogechain announced that native staking will be available for community members in the second week of November 2022.
Samuel Bankman-Fried’s FTX exchange collapse highlighted the importance of proof-of-reserves for centralized exchanges. When confirming the availability of funds on Crypto.com, cold storage information revealed a suspicious transfer of 320,000 Ether to Gate.io.
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Bitcoin price has faced the brunt of many industry leaders or significant platforms going bust in the last year. From Terra’s implosion to FTX’s bankruptcy, the industry seems shaken from a psychological perspective.
FTX exchange's standing continues to worsen as the bankrupt firm faces more scrutiny from regulators. The repercussions of the exchange's collapse have led to severe disruptions in the crypto market.
Ethereum price is in a consolidative phase as it hovers below a crucial resistance level. While a quick move to the upside to collect liquidity is likely, traders should not confuse this for a bullish directional bias.
Lido DAO price appears to be moving north while the rest of the market succumbs to Bitcoin’s lacklustre recovery. As the market may be setting up for another downswing, a risky countertrend opportunity is displayed within the LDO technicals.
BTC has faced the brunt of many industry leaders or significant platforms going bust this year. From Terra’s implosion to FTX’s bankruptcy, the industry seems shaken from a psychological perspective. As investors, an unbiased look reveals that the macro bottom is just one 20% crash away. This forecast takes a fresh look at significant levels and anticipates other scenarios that may evolve for Bitcoin price.
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