1. The contagious thunderstorm will swallow up approximately US$1.5 trillion in cryptocurrency market value in 2022.
Bear market events:
— Crypto companies including FTX and Crypto.com dominate Super Bowl ads, a sign of irrational exuberance
——Fed raises interest rates for first time since 2018
——The collapse of Luna and UST became the most devastating event in the history of the encryption field
——Lending platform Celsius declares bankruptcy
——OFAC sanctioned open source software Tornado Cash
——Crypto exchange FTX declares bankruptcy
- Prime brokers Genesis and Gemini's Earn suspend withdrawals
——Lending platform BlockFi declared bankruptcy.
Report from Sister Mumu #crypto2023 #Web3 #bitcon
Bear market events:
— Crypto companies including FTX and Crypto.com dominate Super Bowl ads, a sign of irrational exuberance
——Fed raises interest rates for first time since 2018
——The collapse of Luna and UST became the most devastating event in the history of the encryption field
——Lending platform Celsius declares bankruptcy
——OFAC sanctioned open source software Tornado Cash
——Crypto exchange FTX declares bankruptcy
- Prime brokers Genesis and Gemini's Earn suspend withdrawals
——Lending platform BlockFi declared bankruptcy.
Report from Sister Mumu #crypto2023 #Web3 #bitcon