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Saturday, February 24, 2024
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    bitcoin
    Bitcoin (BTC) $ 50,854.63
    ethereum
    Ethereum (ETH) $ 2,927.12
    tether
    Tether (USDT) $ 1.00
    bnb
    BNB (BNB) $ 375.53
    usd-coin
    USDC (USDC) $ 1.00
    xrp
    XRP (XRP) $ 0.534987
    binance-usd
    BUSD (BUSD) $ 1.00
    dogecoin
    Dogecoin (DOGE) $ 0.084487
    cardano
    Cardano (ADA) $ 0.58441
    solana
    Solana (SOL) $ 100.12
    matic-network
    Polygon (MATIC) $ 0.989704
    polkadot
    Polkadot (DOT) $ 7.58
    tron
    TRON (TRX) $ 0.138221

    Launched FTX Liquidation Knowledge “Does Not Make Sense”: Influencer

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    The liquidation knowledge for FTX, the defunct cryptocurrency alternate, has been printed, and Martin Folb, the famend crypto influencer often called MartyParty thinks the printed data is inaccurate.

    FTX Chapter crypto asset liquidation knowledge is in:

    Past comprehension how this makes any sense however listed here are the details: $SOL
    $325m at $21
    $1b at $68
    $1.1b at $73

    Together with $BTC, $ETH and others.

    Will go down as one of the idiotic monetary workout routines in historical past.… pic.twitter.com/JT6t7pvmnx

    — MartyParty (@martypartymusic) December 17, 2023

    Folb shared an unlabelled screenshot of the liquidation knowledge in tabular type, exhibiting numerous crypto property liquidated by the corporate and their valuation in three intervals between August 31 and December 17, 2023. Based on Folb, the FTX liquidation will probably be remembered because the “most idiotic monetary train in historical past.”

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    The liquidation knowledge contained 5 crypto property, together with Solana (SOL), Bitcoin (BTC), Ethereum (ETH), Aptos (APT), and Ripple (XRP). Based on the launched knowledge, FTX liquidated SOL tokens value about $325 million at $21 on August 31. On December 8, the bankrupt crypto alternate liquidated about $1 billion value of SOL at $68, and on December 17, it liquidated round $1.1 billion in SOL at $73 per token.

    All the opposite liquidated cryptos have been valued at numerous costs throughout these dates, relying on the estimated value of the cash or tokens on the respective dates. Therefore, the overall valuation of the 5 listed crypto property on these dates was roughly $1.5 billion on August 31, $2.8 billion on December 8, and one other $2.8 billion in approximation on December 17.

    See also  Bitcoin Trade Binance Declares This Altcoin Will Assist Community Improve!

    Folb was unimpressed with the launched knowledge and believes there’s extra to the FTX saga than is thought to most of the people. He accused Gary Gensler, the Chairman of the U.S. Securities and Change Fee (SEC), of making an attempt to guard a person or a gaggle of individuals and requested that Hester Peirce, a commissioner on the SEC, publicize the small print of the liquidation train.

    Disclaimer: The knowledge offered on this article is for informational and academic functions solely. The article doesn’t represent monetary recommendation or recommendation of any sort. Coin Version isn’t answerable for any losses incurred because of the utilization of content material, merchandise, or providers talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.

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