Four key charts from Nansen_ai and TradingView show why FTX agreed to sell itself to bigger rival Binance. On-chain data offers a fresh perspective on FTX's liquidity crunch, illustrating how the drama escalated so quickly. reports
have nosedived dramatically. Between Friday, Nov. 4 and Tuesday, Nov. 8, Nansen data states that FTX’s USDC holdings dropped about $137 million, roughly 84%, while its USDT holdings dropped from $198 million to $68 million.stands at roughly $156 million currently, down more than 78% since Oct. 24.
It has made at least $100,000 by providing liquidity to the decentralized finance protocols, SushiSwap and Uniswap, excluding so-called impermanent loss. Jump Trading, which focuses on ecosystem building, quant research and trading, has withdrawn $118 million, more than the next six addresses combined.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fight Between FTX and Binance EscalatesBinance-FTX rivalry has seeped into public, with two crypto giants now openly attacking each other
Read more »
'FTX is fine,' Bankman-Fried insists as he appeals for Binance to work togetherSam Bankman-Fried also threw a barb at Binance CEO Changpeng Zhao, saying 'I'd love it, cz_binance, if we could work together for the ecosystem.'
Read more »
FTX CEO Accuses Competitor of False Rumors, Addressing Binance CEOFTX CEO addresses Binance CEO, accuses competitor of false rumors regarding Alameda drama alameda solana sol binance bnb ftx ftt $eth $sol $bnb $ftt
Read more »
FTX CEO Sam Bankman-Fried Denies Insolvency Rumors as Binance Liquidates FTT TokenFTX CEO SBF_FTX has dismissed speculation over whether the company has enough capital to cover its customer deposits. Reporting by oknightcrypto
Read more »