Weekly Market Updates. Hey folks.
01 Jul 2022, 15:02
Weekly Market Updates
Hey folks! While everyone melts from the heat of a bear market here is a new in-demand post: What had happened on the market this week? We’ll briefly tell you about the most significant news of the week in the crypto industry 👇
1️⃣ The week has started with new (old) Fake File Extension Scam. The method is as old as the world but still relevant. So be careful and do not download any files especially from anons in telegram. Btw, You can easily disable auto downloading feature in your Telegram settings.
2️⃣ The consequences of TerraGeddon chase the crypto community again and again. This time the way new saga about Three Arrows Capital crash continues. Perhaps the last red candle on the chart is precisely the matter of liquidating the positions of the «archers». Be careful! Possible precipitation in the form of a crypto collapse.
3️⃣ The situation with the bankruptcy of the CeFi sector company - Celsius is in full swing. A new Hope named HODL Mode.
P.S. Coindesk claims the CEO of FTX, Sam Bankman-Fried, was aware of the 2 billion hole in the protocol.
4️⃣ FTX close to buy Blockfi for $25m. FTX is expected to pay roughly $25 million, one source said, 99% below BlockFi’s last private valuation. New Jersey-based BlockFi was last valued at $4.8 billion, according to PitchBook. Zac Prince, BlockFi CEO denies info to be sold for $25 million but do not refute the very fact of negotiations about BlockFi sale.
5️⃣ Meta, formerly known as Facebook, has begun rolling out NFTs for some U.S. creators on its flagship social network. Web2 ==> Web3 is closer.
6️⃣ As a dessert, New Arthur Hayes essay. In this part, co-founder of BitMEX uses the Three Arrows Capital saga as a lens through which you can better understand the true ideas to be learned from the current crypto winter.