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FTX continues to push 22 million USD in assets to the floor
FTX and Alameda Research continue to transfer significant amounts of crypto to the exchange, serving the court-approved asset liquidation plan.
According to "intelligence" from Lookonchain, wallets owned by FTX and Alameda Research actively pushed money to CEX exchanges on the morning of December 2. This time the number is up to 22 million USD, in the form of IMX, GMT, ETH, UNI, SHIB, BAL, LOOKS and WOO tokens.
Since October 2023, the company has made many notable transactions, with a cumulative value of up to 551 million USD through 59 different tokens. FTX has pledged to refund 90% of the value requested by FTX users.
The most recent time was on December 1, FTX transferred 10.8 million USD in crypto value to Binance, Coinbase and Wintermute, spread across 8 tokens: 2.58 million USD StepN (GMT), 2.41 million USD Uniswap (UNI), 2.25 million USD Synapse (SYN), 1.64 million USD Klaytn (KLAY), 1.18 million USD Fantom (FTM), 644,000 Shiba Inu (SHIB), a small amount of Arbitrum (ARB) and Optimism (OP).
Recently, the court also approved FTX to sell 873 million USD in treasury shares of Grayscale and Bitwise. In addition, to earn more money to repay debt, the exchange has put more than 160 million USD worth of SOL ETH and MATIC into staking. The exchange is also considering 3 proposals to resell the floor, including the option of abandoning the entire trading platform and looking for partners to restart the floor.
Even after recovering 5 billion USD in assets, FTX is still burdened with liabilities of up to 8.8 billion USD. Meanwhile, the "old hero" was found guilty of all charges and will appear in court to receive his sentence in March next year, facing a life sentence.
#FTX
#andree
#thaiminhvui
#btc
#hot
FTX and Alameda Research continue to transfer significant amounts of crypto to the exchange, serving the court-approved asset liquidation plan.
According to "intelligence" from Lookonchain, wallets owned by FTX and Alameda Research actively pushed money to CEX exchanges on the morning of December 2. This time the number is up to 22 million USD, in the form of IMX, GMT, ETH, UNI, SHIB, BAL, LOOKS and WOO tokens.
Since October 2023, the company has made many notable transactions, with a cumulative value of up to 551 million USD through 59 different tokens. FTX has pledged to refund 90% of the value requested by FTX users.
The most recent time was on December 1, FTX transferred 10.8 million USD in crypto value to Binance, Coinbase and Wintermute, spread across 8 tokens: 2.58 million USD StepN (GMT), 2.41 million USD Uniswap (UNI), 2.25 million USD Synapse (SYN), 1.64 million USD Klaytn (KLAY), 1.18 million USD Fantom (FTM), 644,000 Shiba Inu (SHIB), a small amount of Arbitrum (ARB) and Optimism (OP).
Recently, the court also approved FTX to sell 873 million USD in treasury shares of Grayscale and Bitwise. In addition, to earn more money to repay debt, the exchange has put more than 160 million USD worth of SOL ETH and MATIC into staking. The exchange is also considering 3 proposals to resell the floor, including the option of abandoning the entire trading platform and looking for partners to restart the floor.
Even after recovering 5 billion USD in assets, FTX is still burdened with liabilities of up to 8.8 billion USD. Meanwhile, the "old hero" was found guilty of all charges and will appear in court to receive his sentence in March next year, facing a life sentence.
#FTX
#andree
#thaiminhvui
#btc
#hot
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Impact of Staking on coin price
User Staking for projects using the PoS consensus mechanism is decisive for the entire Blockchain network. That is obvious.
But for projects that apply the PoS mechanism, when they start allowing Staking, how does it impact the price of that coin?
Some impacts on supply and circulation that you can see immediately: The amount of coins brought to stake will be locked during that period of time. This means that these coins cannot be circulated or bought or sold on exchanges. Therefore, it causes the amount of coins circulating in the market to decrease.
Basically, when the supply in the market decreases, meaning its scarcity increases, it will cause the price to increase. This is the basic law of supply and demand.
Let's take a specific example as follows with TOMO coin:
On December 10, 2018, TomoChain announced the program for candidates to run Masternode.
On December 14, 2018, TomoChain officially launched Mainnet and allowed Masternodes to stake TOMO coin. At the same time, let other users vote for these Masternodes.
On August 8, 2019, there are 39,851,005 TOMO (64.5% of total market circulation) being staked to participate in the PoSV consensus mechanism. TOMO price increased by 300% in the time since staking began.
Because Staking has the ability to increase coin prices, many projects default to applying this mechanism to "pander" to the community. Gradually, coin prices no longer increase, so people just consider this a form of savings if they want to keep coins long term.
#BTC #Andree #thaiminhvui #Aleo #Trader
User Staking for projects using the PoS consensus mechanism is decisive for the entire Blockchain network. That is obvious.
But for projects that apply the PoS mechanism, when they start allowing Staking, how does it impact the price of that coin?
Some impacts on supply and circulation that you can see immediately: The amount of coins brought to stake will be locked during that period of time. This means that these coins cannot be circulated or bought or sold on exchanges. Therefore, it causes the amount of coins circulating in the market to decrease.
Basically, when the supply in the market decreases, meaning its scarcity increases, it will cause the price to increase. This is the basic law of supply and demand.
Let's take a specific example as follows with TOMO coin:
On December 10, 2018, TomoChain announced the program for candidates to run Masternode.
On December 14, 2018, TomoChain officially launched Mainnet and allowed Masternodes to stake TOMO coin. At the same time, let other users vote for these Masternodes.
On August 8, 2019, there are 39,851,005 TOMO (64.5% of total market circulation) being staked to participate in the PoSV consensus mechanism. TOMO price increased by 300% in the time since staking began.
Because Staking has the ability to increase coin prices, many projects default to applying this mechanism to "pander" to the community. Gradually, coin prices no longer increase, so people just consider this a form of savings if they want to keep coins long term.
#BTC #Andree #thaiminhvui #Aleo #Trader
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Weight includes coin age and number of coins. Here you can understand it as the weight of a coin.
The higher this Weight value (the larger the amount of coins and the longer the coin participates in staking), the greater the possibility of gaining the right to process transactions and create blocks. Therefore, it directly affects the reward that you will receive in the future.
How to optimize profits when Staking?
Based on the parameters that directly affect Staking mentioned above, you can partly know how to adjust these indicators to get the most rewards and highest profits. In this section, I will mention how to participate in Staking to get the most profit.
Determine the appropriate method
First, classify according to demand and amount of coins held:
For those with a small amount of coins (not enough to make a Node or Masternode):
The best option is to participate in voting, or Staking on existing Nodes to receive rewards from those Nodes. This form includes Staking right on the wallet, or on some supporting exchanges.
For those who have a small amount of coins and intend to hold them for a long time, Staking will help them earn an additional amount of coins during that period of time.
For those who hoard large amounts of coins:
They can also apply the above method if they want to be flexible in the coin locking process. Or you can nominate to be Nodes or Masternodes that directly participate in transaction processing and block creation.
This method will help stakers receive more rewards. But of course there will also be higher requirements for hardware installation and connection.
#andree #btc #aleo #thaiminhvui #LTC
The higher this Weight value (the larger the amount of coins and the longer the coin participates in staking), the greater the possibility of gaining the right to process transactions and create blocks. Therefore, it directly affects the reward that you will receive in the future.
How to optimize profits when Staking?
Based on the parameters that directly affect Staking mentioned above, you can partly know how to adjust these indicators to get the most rewards and highest profits. In this section, I will mention how to participate in Staking to get the most profit.
Determine the appropriate method
First, classify according to demand and amount of coins held:
For those with a small amount of coins (not enough to make a Node or Masternode):
The best option is to participate in voting, or Staking on existing Nodes to receive rewards from those Nodes. This form includes Staking right on the wallet, or on some supporting exchanges.
For those who have a small amount of coins and intend to hold them for a long time, Staking will help them earn an additional amount of coins during that period of time.
For those who hoard large amounts of coins:
They can also apply the above method if they want to be flexible in the coin locking process. Or you can nominate to be Nodes or Masternodes that directly participate in transaction processing and block creation.
This method will help stakers receive more rewards. But of course there will also be higher requirements for hardware installation and connection.
#andree #btc #aleo #thaiminhvui #LTC
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Billionaire MicroStrategy bought another 593 million USD in Bitcoin - BTC immediately adjusted
With the new Bitcoin (BTC) added to its portfolio, MicroStrategy now owns 174,530 BTC at an average price of $30,252.
According to a notice posted on the evening of November 30, 2023, billionaire Michael Saylor's MicroStrategy company made a Bitcoin purchase worth up to half a billion dollars.
Specifically, MicroStrategy spent $593.3 million to buy an additional 16,130 BTC at an average price of $36,785.
Thus, MicroStrategy has increased the total amount of Bitcoin held to 174,530 BTC with an average purchase price of about 30,252 USD/BTC, equivalent to a cost of 5.28 billion USD.
With the latest Bitcoin purchase, the value of the company's investment portfolio has surged to $5.99 billion - bringing MicroStrategy a profit of more than $1.2 billion, which means a profit of 26.5%. .
Looking back at history, when the cryptocurrency market bottomed in December 2022, MicroStrategy lost up to 45% of its Bitcoin investment. However, the company remains steadfast in not selling, and even continues to buy more in 2023 in March (150 million USD), April (29.3 million USD), June (347 million USD), July ($14.4 million), September ($147 million) and November ($5.3 million).
In contrast to Bitcoin's positive reaction in the most recent purchase, BTC price showed negativity when it decreased slightly from 37,966 USD to 37,500 USD, equivalent to an adjustment of about 1% of its value.
#Shark #btc #andree #thaiminhvui #Aleo
With the new Bitcoin (BTC) added to its portfolio, MicroStrategy now owns 174,530 BTC at an average price of $30,252.
According to a notice posted on the evening of November 30, 2023, billionaire Michael Saylor's MicroStrategy company made a Bitcoin purchase worth up to half a billion dollars.
Specifically, MicroStrategy spent $593.3 million to buy an additional 16,130 BTC at an average price of $36,785.
Thus, MicroStrategy has increased the total amount of Bitcoin held to 174,530 BTC with an average purchase price of about 30,252 USD/BTC, equivalent to a cost of 5.28 billion USD.
With the latest Bitcoin purchase, the value of the company's investment portfolio has surged to $5.99 billion - bringing MicroStrategy a profit of more than $1.2 billion, which means a profit of 26.5%. .
Looking back at history, when the cryptocurrency market bottomed in December 2022, MicroStrategy lost up to 45% of its Bitcoin investment. However, the company remains steadfast in not selling, and even continues to buy more in 2023 in March (150 million USD), April (29.3 million USD), June (347 million USD), July ($14.4 million), September ($147 million) and November ($5.3 million).
In contrast to Bitcoin's positive reaction in the most recent purchase, BTC price showed negativity when it decreased slightly from 37,966 USD to 37,500 USD, equivalent to an adjustment of about 1% of its value.
#Shark #btc #andree #thaiminhvui #Aleo
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Impact of Staking on coin price
User Staking for projects using the PoS consensus mechanism is decisive for the entire Blockchain network. That is obvious.
But for projects that apply the PoS mechanism, when they start allowing Staking, how does it impact the price of that coin?
Some impacts on supply and circulation that you can see immediately: The amount of coins brought to stake will be locked during that period of time. This means that these coins cannot be circulated or bought or sold on exchanges. Therefore, it causes the amount of coins circulating in the market to decrease.
Basically, when the supply in the market decreases, meaning its scarcity increases, it will cause the price to increase. This is the basic law of supply and demand.
Let's take a specific example as follows with TOMO coin:
On December 10, 2018, TomoChain announced the program for candidates to run Masternode.
On December 14, 2018, TomoChain officially launched Mainnet and allowed Masternodes to stake TOMO coin. At the same time, let other users vote for these Masternodes.
On August 8, 2019, there are 39,851,005 TOMO (64.5% of total market circulation) being staked to participate in the PoSV consensus mechanism. TOMO price increased by 300% in the time since staking began.
Because Staking has the ability to increase coin prices, many projects default to applying this mechanism to "pander" to the community. Gradually, coin prices no longer increase, so people just consider this a form of savings if they want to keep coins long term.
#andree #btc #thaiminhvui #Aleo
User Staking for projects using the PoS consensus mechanism is decisive for the entire Blockchain network. That is obvious.
But for projects that apply the PoS mechanism, when they start allowing Staking, how does it impact the price of that coin?
Some impacts on supply and circulation that you can see immediately: The amount of coins brought to stake will be locked during that period of time. This means that these coins cannot be circulated or bought or sold on exchanges. Therefore, it causes the amount of coins circulating in the market to decrease.
Basically, when the supply in the market decreases, meaning its scarcity increases, it will cause the price to increase. This is the basic law of supply and demand.
Let's take a specific example as follows with TOMO coin:
On December 10, 2018, TomoChain announced the program for candidates to run Masternode.
On December 14, 2018, TomoChain officially launched Mainnet and allowed Masternodes to stake TOMO coin. At the same time, let other users vote for these Masternodes.
On August 8, 2019, there are 39,851,005 TOMO (64.5% of total market circulation) being staked to participate in the PoSV consensus mechanism. TOMO price increased by 300% in the time since staking began.
Because Staking has the ability to increase coin prices, many projects default to applying this mechanism to "pander" to the community. Gradually, coin prices no longer increase, so people just consider this a form of savings if they want to keep coins long term.
#andree #btc #thaiminhvui #Aleo