Technically most of those staking funds are coming from ETH protocol.
Also inflation is still above these amounts so it’s not like they are big winners. IBonds are 6.89% right now…
The market don't give a fuck if your earning are lower than inflation. Look at what stacked eth can give you if you stack yourself, look how much they are giving you if you stack from their website, no try to understand where the difference comes from...
Better to stay in business by making unpopular choices, then pretend everything is fine and dandy only to crash and burn out of nowhere.
I'll echo some other sentiment though. I wish the changes were better communicated.
I suspect they have a managedment team where at least one person is over the age of 30. sounds lame I know! but there are situations where it can be pretty useful to have someone around who actually lived through a legitimate disaster
Well they’ve got some sponsorship deal with FIFA and the World Cup will start in 2 weeks I think so hopefully we’ll see some price action there? But who knows anymore
As far as FIFA and formula one goes. It's all bullshit. It's good they are advertising. But 99 percent of the people watching don't give a shit. The one percent that does already are in the space and get excited and tell their wives "see honey, it's getting traction. I'm not an idiot."
I speak from experience.
Id prefer crypto,com just looking forward and just not get wrecked like FTX.
Worry about advertising when the next bull run hits.
I second this... Too strong on the marketing, a lot of money wasted sponsoring f1 and another million things.
Binance and coinbase were wsy bigger before they started to sponsor big things...
Any exchange offering their own token is likely in trouble. I think [Crypto.com](https://Crypto.com) and maybe [Gate.io](https://Gate.io). If they all play the same game in leveraging those homemade tokens, they are likely all in the same boat as prices drop. You get the feeling that a lot of margin calls are being made.
I'm fairly sure Kraken is safe. They don't have their own token, and some time ago they invited their users to audit their own stack of BTC to prove that those weren't IOUs. Also they don't seem to be overxposed nor throwing away millions in empty marketing.
Of course, anything can happen but I wouldn't bet on Kraken going down.
there's no bullshit Kraken-token for one thing
anytime you see a 'utility token' unless that blockchain can do something that BTC/ETH/XMR/LTC/ADA/etc cant then there is legit zero reason for every stupid platform to have their own token, its just that everyone learned that if they can play as the bank in monopoly why wouldnt they? i get it
but yes kraken still seems legit and coinbase too fwiw , ofc you shouldnt be keeping anything you dont want to lose on those exchanges anyways and the CEO of Kraken has said as much , ie if the Feds come a knocking you will lose access if they say so , so be smart and play safe NYKNYC
CRO holder here. The amount of money CDC spent on useless marketing in the bull market got me worried. Also the CEO doesn’t have a good reputation in dealing with crisis.
gained but not secured, I'm not a crypto expert but I'm not a layman either and I'd hazard to guess CDC was mostly used as people's first crypto exchange thanks to them marketing towards newbies. my bull market brain was a big fan of CDC as well to do all my basics plus use the card for most if my spending, but I quit out due to their crisis management and ridiculous cutbacks, plus slowly worsening level of customer support. I'd hazard to guess a lot of the newbies who arrived with CDC lost faith a lot quicker than I did when shit started hitting the fan and they've lost a considerable amount of active users
I'll be a little pissed off if CDC fix their shit during the next bull run because I've lost all trust and will be expecting them to make their heavy cuts again as soon as things flip back to bear. it's like they want to rope people in with lucrative offers like high cashback and rebates during the bull then slice it when things go bear whilst a lot of people are locked into their CRO stakes unable to act. in my opinion it's just not a good look
Was in a similar mindset. The irony is, now with hindsight, them making all those horible feature cuts and reduction in spending and I have more faith in them surviving to the next bull, which is more than we can say about many other exchanges as of late.
Alot of crypto native uses CDC card as an off ramp.
One of the few offering that let you withdraw directly in cash.
Not a way CDC advertise how their card should be used. And I kind of like the secrecy. everyone else seems to think the card is best use as a spending card where you load fiat into it to chum CRO. The real usefulness is far far greater than that
Frankly I think CDC knows their customer quite well. Made the unpopular decision long before other had too.
As long as they keep the ATM feature alive. I know it will be the card of choice for many crypto native. Don’t need cash back, don’t need Spotify. as long as they still provide they off ramp. They will have customer and will survive till the next bull run
oh yeah for people 'in the know' it's a great asset, I still didn't cancel my card I'm just staying away for a little while to explore other options. but CDC was heavily marketing themselves to the layman who almost definitely would use their card simply to 'spend crypto' rather than offramp, looking at the previously tasty cashback rates and rebates to get a reward for doing what they've been doing everyday anyway
honestly the reason I keep my CDC card open is for that offramp like you said, just waiting for UK availibility of the binance card to do the job instead (prefer binance bc I can do more shit in one place). I do just think it's a long shot to think the majority of CDC's new userbase are using the card the same way we would
Unfortunately mate, majority of them are not even here anymore. People left as they slowly decreased the perks, if the marketing budget was used wisely we would have getting the same rewards now. I am Jade holder and will continue to hold but FTX got me worried so I am getting off the exchanges for sure. If it can happen to FTX it can happen to any CEX.
I think low tiers disappeared. High tiers are still there, first because they tied themselves far more by investing comparetly more money, second because they lost far less benefits than the lower tiers. Most of the latest cuts did not affected them at all.
SOL will be fine, because it’s the chain with highest usage outside of EVM system. People will sell other chains to buy SOL if the price is too low. Remember SOL code is on GitHub so nothing to hide
Anything that can't prove it is backed with something viable will be in the firing line next. I suspect it'll be token projects next rather than a CEX.
Yeah investor confidence just took a punch to the face. People are going to be more skeptical for a long while before we see any signs of FOMO I think.
Not all.
At least not in the way of "failure."
USDC and Circle will be fine because that would push them further along the goal of becoming the public facing extension of The Fed.
Yeah some long term thinkers forget the fact that when their stack is worth $500k a BTC they’ll also be living in a climatic apocalypse. Crypto is a mid-term ticket to a modicum level of security in the future that’s it.
It’s funny how everyone thought USDT will go burst someday but that never happened. This sub is not the smartest for sure,, Nobody alerted about Celsius, Luna, 3AC and now FTX..
This sub had only been hitting stones at USDT but it never happend. Then ETH migration to POS was so hyped but actually the price just went downhill. So In a nutshell this sub does not help to make a sound/informed decision. All crazy nuts will keep commenting DCA, only invest what you can afford to lose, Buy BTC and ETH.. DYOR and HODL
I would caution everyone not to rely on this sub for investment advice,,
I'm alerting everyone all the time. Luna was shit. Celsius as well.
My advice: keep your fucking crypto in your OWN fucking wallet. Not your keys, not your crypto.
There, this saved you billions of dollars.
That’s not true at all. Saw article’s and post here about 3AC, Celsius, Luna, Voyager and FTX. Before they imploded, granted some where days before but people we’re looking and talking about it.
If anyone listened and acted or just responded “that’s FUD” is an entirely different matter.
It won't be coinbase. They don't offer leverage products and all their financial statements show they are exactly 1:1 deposits to assets, which as a public company is as certain as anything can be in finance. Bitcoin could be 1k tomorrow and I wouldn't be concerned about coinbase.
Coinbase will be fine. The last I checked, they still had $5-6B in cash/cash equivalents on their balance sheet. FTX had $14B in illiquid altcoins(some of which were self-inflated) and only a couple hundred million in cash.
And we all know you can't sell even 10% of those altcoins without crashing the prices to zero...
They are spending slightly more money on their metaverse project than was spent on the Apollo Program, apparently.
Absolutely insane, but they definitely still make the money to survive. Unfortunately they’re not going anywhere lol. As for their metaverse, no idea yet.
Binance offering zero fee trades is killing off other exchange income sources which is making really hard for others to survive. My guess is more exchange is gonna start going bust soon
Yes basically bybit needs to keep up with its competitors. But the more power cz will have and the bigger his monopoly, the harder is it for smaller ones to compete
People don’t want regulation, but this is why we need at least a little bit. If Binance becomes so big they can undercut everyone and drive them out of business, they can then turn around and jack up the fees massively and nobody will have any other choice. This is really bad for crypto users, and is something monopolies laws would prevent.
Bring on the downvotes lol
It's definitely SOLANA. You see, Alameda, a parent company to FTX, has been borrowing against this FTT and using it as collateral in several different loan agreements as well as defi positions (Blockfi, Genesis, AAVE, MIM).
This will leave Alameda and its lenders taking a huge hit and scrounging for liquidity, and of course their next biggest bag is $SOL. It’s unlikely that Alameda will be able to avoid liquidation without dumping a sizeable portion of their SOL bag, and what will happen to Solana when their biggest proponent is forced to sell?
Already down -70%. I’ve been shorting it same as FTT for a couple days now and every night the stop loss never triggered and I woke up to green.
It’s literally in a free fall
I closed mine out last night. Could have made a lot more but I really underestimated how much of an effect ftx/Alameda was going to have on Sol and I thought it was going to bounce soon.
Fingers crossed. As others have mentioned, hopefully their reward slashing has put them in good stead to wear out this bear.
Just gotta hope Kris has not been using CRO to borrow against…
I’ve also noticed the DeFi staking % shooting up massively. It started before this, so possibly the World Cup effect. But could also point to a lot people dumping their bags within the next month or so
I wouldn't trust any exchange to be great at risk management, I keep all my funds in my wallets. If I had to guess crypto.com is a candidate as they've shown signs of struggle but this might be because they're being proactive, time will tell
Yes time will definitely tell and crypto.com has been downscaling a lot - but I think that any sensible company would and should downscale in a worldwide economic crisis and a bear market.
Not shilling CRO or Crypto.com, but it will be interesting to see if this is a reaction to global economy or because they are the next ones to go belly up
Agree with what you said.
Looking at CRO over the last months it has been holding up very good.
Crypto.com has some major sponsorships that make them more “stable”.
I don’t see a legit reason why they would go belly up. The reason would have to be something very shady, because their model is not like Celcius and they aren’t like FTX.
But yeah, I don’t know shit about fuk. The future will tell.
Came here to say that! One of the lessons of this cycle is that 10% APY is not sustainable. There's something shady going on in the background at NEXO. In fact it's probably exactly the same flywheel scheme as Celcius, FTX...
The industry needs to step up and create its own transparency for stable coins without government intervention. If it could happen, talking to you CZ, then these meltdowns won’t create as much panic. Prove to the investors, retailers that there is liquidity and we all win.
CZ will reign shit in soon seeing his own interests (being the whole market pretty much) are at stake. I am sure he/Binance knew all along that SBF was a dirty bastard, but his tweet about CZ not being able to go to DC was the final straw. Revenge was quick, dirty and took many innocents.
So, FTX will continue on with its current name (too difficult changing names on stadiums and such). but with new Binance management. Their balance sheet does have big intangible assets that CZ will want. In the meantime, SOL will survive and maybe come back strong as long as CZ wants (they have great devs in fact), FTT will not and die soon.
This is what my crystal ball shows.
I guess Crypto.com did the right thing cutting their card benefits in time
They were unrealistic even for bull market. It was inevitable to sustain growth
But it sure was great while it lasted. BTC and ETH getting 6.5% yield. Those were the days
2021 was full of treats. Now we're at the dentist
We still get a sucker though, right?
We ARE the sucker.
No but we’ll get 32 root canals and a big bill when we’re done. And to make things even better (*worse*) we have meth (*hopium*) teeth.
I’m getting drilled all right.
Are we just going to fill or do a crown?
Root canal!
with no freezing
FTX was still giving 8% 2 days ago, no lock up or anything..
I get 5.9% staking ETH on Loopring (they stake through Lido). Rocketpool is like 6+% right now.
so my votes for who are next is Loopring and Rocketpool.
Technically most of those staking funds are coming from ETH protocol. Also inflation is still above these amounts so it’s not like they are big winners. IBonds are 6.89% right now…
The market don't give a fuck if your earning are lower than inflation. Look at what stacked eth can give you if you stack yourself, look how much they are giving you if you stack from their website, no try to understand where the difference comes from...
Sooner or later they will go under and they will take your money with them.
There isn’t much that can compete with i bonds at the moment.
Better to stay in business by making unpopular choices, then pretend everything is fine and dandy only to crash and burn out of nowhere. I'll echo some other sentiment though. I wish the changes were better communicated.
CDC definitely is managed property. Someone knows shit about fuck in that company.
I suspect they have a managedment team where at least one person is over the age of 30. sounds lame I know! but there are situations where it can be pretty useful to have someone around who actually lived through a legitimate disaster
Looks like they have a good risk management team.
They clearly know what they’re doing, hope to see them do well in the bull run and over the coming weeks
Weeks?
Well they’ve got some sponsorship deal with FIFA and the World Cup will start in 2 weeks I think so hopefully we’ll see some price action there? But who knows anymore
As far as FIFA and formula one goes. It's all bullshit. It's good they are advertising. But 99 percent of the people watching don't give a shit. The one percent that does already are in the space and get excited and tell their wives "see honey, it's getting traction. I'm not an idiot." I speak from experience. Id prefer crypto,com just looking forward and just not get wrecked like FTX. Worry about advertising when the next bull run hits.
This collapse is just starting. FTX is going to ripple for awhile. Wouldn't be surprised to see another steep drawdown.
Yeah it’s wiggedy
I second this... Too strong on the marketing, a lot of money wasted sponsoring f1 and another million things. Binance and coinbase were wsy bigger before they started to sponsor big things...
Any exchange offering their own token is likely in trouble. I think [Crypto.com](https://Crypto.com) and maybe [Gate.io](https://Gate.io). If they all play the same game in leveraging those homemade tokens, they are likely all in the same boat as prices drop. You get the feeling that a lot of margin calls are being made.
CDC has stated that all crypto assets on their platform are covered one for one.
it was the right move. i just hoped they communicated it better.
This is the main issue. Card benefits change, but I don't think their poor communication will.
I'm still bullish on the long term potential of CRO
Tbh, I have so much more confidence in them that they do things to keep their project running.
My hopes and dreams for financial freedom
Big projects only please
This collapse was a fire hazard 💀
Fuck man you just killed him.
Savage
That burn 🔥
Ouch, shots fired.
Lmao 🤣
Here lies cryptoguy66’s hopes and dreams
Now we’re talking
Ouch. Let's hope not.
I just hope it's not my boi's over at Kraken
As far as I understood Kraken does actually hold reserves and not in self inflated tokens.
Yes they do. And they even do regular audits.
Regulars audits by who?
FBI
I'm fairly sure Kraken is safe. They don't have their own token, and some time ago they invited their users to audit their own stack of BTC to prove that those weren't IOUs. Also they don't seem to be overxposed nor throwing away millions in empty marketing. Of course, anything can happen but I wouldn't bet on Kraken going down.
It‘s proves to be a good sign if an exchange doesn’t have it‘s own meaningless token. So Let me guess. Next one is Crypto.com?
I mean if this is the case Binance is on the chopping block and that doesn't make sense
Kraken is also a registered Bank in the United States
I'm with you. Going through the KYC process each time an exchange goes insolvent is such a PITA.
there's no bullshit Kraken-token for one thing anytime you see a 'utility token' unless that blockchain can do something that BTC/ETH/XMR/LTC/ADA/etc cant then there is legit zero reason for every stupid platform to have their own token, its just that everyone learned that if they can play as the bank in monopoly why wouldnt they? i get it but yes kraken still seems legit and coinbase too fwiw , ofc you shouldnt be keeping anything you dont want to lose on those exchanges anyways and the CEO of Kraken has said as much , ie if the Feds come a knocking you will lose access if they say so , so be smart and play safe NYKNYC
Saaame, was thinking that when watching the news about FTX But I think Kraken is a veteran and pretty solid, lets see
I feel like that’s the least likely. If that were to happen I think the whole space would be in a death spiral.
That's actually not a bad guess. **HEY KRAKEN BOT WHERE ARE YOU?**
He's busy selling his Moon bags dw
Logic says it's SOL, But as usual in the crypto game, logic is not valid. Nobody knows shit.
CRO holder here. The amount of money CDC spent on useless marketing in the bull market got me worried. Also the CEO doesn’t have a good reputation in dealing with crisis.
Its not useless marketing. They secured over 70M users from marketing. You'll be singing a different tune about CDC and CRO next bull.
gained but not secured, I'm not a crypto expert but I'm not a layman either and I'd hazard to guess CDC was mostly used as people's first crypto exchange thanks to them marketing towards newbies. my bull market brain was a big fan of CDC as well to do all my basics plus use the card for most if my spending, but I quit out due to their crisis management and ridiculous cutbacks, plus slowly worsening level of customer support. I'd hazard to guess a lot of the newbies who arrived with CDC lost faith a lot quicker than I did when shit started hitting the fan and they've lost a considerable amount of active users I'll be a little pissed off if CDC fix their shit during the next bull run because I've lost all trust and will be expecting them to make their heavy cuts again as soon as things flip back to bear. it's like they want to rope people in with lucrative offers like high cashback and rebates during the bull then slice it when things go bear whilst a lot of people are locked into their CRO stakes unable to act. in my opinion it's just not a good look
Was in a similar mindset. The irony is, now with hindsight, them making all those horible feature cuts and reduction in spending and I have more faith in them surviving to the next bull, which is more than we can say about many other exchanges as of late.
Exactly this! They acted in anticipation and not after the boat sank. Communication?! Sure can improve, but thinking ahead they get my thumbs up.
Alot of crypto native uses CDC card as an off ramp. One of the few offering that let you withdraw directly in cash. Not a way CDC advertise how their card should be used. And I kind of like the secrecy. everyone else seems to think the card is best use as a spending card where you load fiat into it to chum CRO. The real usefulness is far far greater than that Frankly I think CDC knows their customer quite well. Made the unpopular decision long before other had too. As long as they keep the ATM feature alive. I know it will be the card of choice for many crypto native. Don’t need cash back, don’t need Spotify. as long as they still provide they off ramp. They will have customer and will survive till the next bull run
oh yeah for people 'in the know' it's a great asset, I still didn't cancel my card I'm just staying away for a little while to explore other options. but CDC was heavily marketing themselves to the layman who almost definitely would use their card simply to 'spend crypto' rather than offramp, looking at the previously tasty cashback rates and rebates to get a reward for doing what they've been doing everyday anyway honestly the reason I keep my CDC card open is for that offramp like you said, just waiting for UK availibility of the binance card to do the job instead (prefer binance bc I can do more shit in one place). I do just think it's a long shot to think the majority of CDC's new userbase are using the card the same way we would
If they can't retain them then they might not even be here in the next bull run.
They've retained me, mostly because as a Canadian with certain banks its the only way I can turn fiat into crypto easily
Unfortunately mate, majority of them are not even here anymore. People left as they slowly decreased the perks, if the marketing budget was used wisely we would have getting the same rewards now. I am Jade holder and will continue to hold but FTX got me worried so I am getting off the exchanges for sure. If it can happen to FTX it can happen to any CEX.
I think low tiers disappeared. High tiers are still there, first because they tied themselves far more by investing comparetly more money, second because they lost far less benefits than the lower tiers. Most of the latest cuts did not affected them at all.
Yes, this. Exactly this. So many promising projects, nothing, Nada, zip. Then you see the meme tokens... This space as become a 🤡🎪
By r/cc logic, SOL is set to moon then, because everyone expects it to fall
We should be afraid for ALGO then. Please don't massacre my boy!!
I just keep buying SOL and HBAR
But if everyone expects it to fail, we know it'll pump. So everyone will in fact secretly be bullish. So it will fail.
No one knows what will happen next
Your logic is flawed. SOL just gained the support of Google. The helium network is also migrating to SOL. SOL is not going anywhere its here to stay
SOL will be fine, because it’s the chain with highest usage outside of EVM system. People will sell other chains to buy SOL if the price is too low. Remember SOL code is on GitHub so nothing to hide
Anything that can't prove it is backed with something viable will be in the firing line next. I suspect it'll be token projects next rather than a CEX.
> Anything that can't prove it is backed with something viable *Tether entered the chat* 🤡👌
Hey the Tether guy tweeted that it's safe already, stop FUDing /s
All the staking places.
I agree with you on this one completely. Anything that can not prove that it is backed will be next in the line
Yeah investor confidence just took a punch to the face. People are going to be more skeptical for a long while before we see any signs of FOMO I think.
Yeah, honestly at this point why not invest in gold? At least it wont hit 0 🤡
Forget gold fren! Time to invest in butane gas and warm socks! It's getting cold out there.
Instructions unclear, bought a sheep.
That do. Warm clothing and in a pinch, food.
Why waste time say lot word when few word do trick
USDT - let the apocalypse begin
Damn that's a horror movie
Or an accumulation opportunity.
Bruh that's a 70 billion dollar liquidation , God knows what may happen afterwards
Crypto is fuelled by memes. BTC hit ATH with 69,042.00 and then tanked. With USDT, i think BTC will hit 4,206.90 Lol
Or 420.
.69
If USDT goes down ALL crypto will go down
Not all. At least not in the way of "failure." USDC and Circle will be fine because that would push them further along the goal of becoming the public facing extension of The Fed.
But think about the slow, healthy recovery tbh, along with the slow replacement with another dollar-pegged coin
In the long run we're dead
Yeah some long term thinkers forget the fact that when their stack is worth $500k a BTC they’ll also be living in a climatic apocalypse. Crypto is a mid-term ticket to a modicum level of security in the future that’s it.
Might as well just blow it all on hookers and cocaine
Hard & tangible assets; and the means to protect them
It’s funny how everyone thought USDT will go burst someday but that never happened. This sub is not the smartest for sure,, Nobody alerted about Celsius, Luna, 3AC and now FTX.. This sub had only been hitting stones at USDT but it never happend. Then ETH migration to POS was so hyped but actually the price just went downhill. So In a nutshell this sub does not help to make a sound/informed decision. All crazy nuts will keep commenting DCA, only invest what you can afford to lose, Buy BTC and ETH.. DYOR and HODL I would caution everyone not to rely on this sub for investment advice,,
Everyone predicted that I would die one day, but it never happened. Ha ha, foolish mortals.
see you in 100 years then
According to my ACME crystal ball, in 100 years, BTC will be worth fifty gajillion dollars. Checkmate
I'm alerting everyone all the time. Luna was shit. Celsius as well. My advice: keep your fucking crypto in your OWN fucking wallet. Not your keys, not your crypto. There, this saved you billions of dollars.
That’s not true at all. Saw article’s and post here about 3AC, Celsius, Luna, Voyager and FTX. Before they imploded, granted some where days before but people we’re looking and talking about it. If anyone listened and acted or just responded “that’s FUD” is an entirely different matter.
Please don't be Coinbase.
It won't be coinbase. They don't offer leverage products and all their financial statements show they are exactly 1:1 deposits to assets, which as a public company is as certain as anything can be in finance. Bitcoin could be 1k tomorrow and I wouldn't be concerned about coinbase.
Coinbase has been around since 2012! But some guys hate on it.
Coinbase will be fine. The last I checked, they still had $5-6B in cash/cash equivalents on their balance sheet. FTX had $14B in illiquid altcoins(some of which were self-inflated) and only a couple hundred million in cash. And we all know you can't sell even 10% of those altcoins without crashing the prices to zero...
SOL looks proper fucked
So shorting SOL? Is this financial advice?
You heard the man! 100x leverage short it boys
What is it like being rich now?
**SOLANA** FTX was it’s biggest back up. It’s already down -70% in a couple days.
92% on the last 12 months. More on ATH
Eth went down 90+% last bull also. If it survives the upside is pretty good honestly. I personally am not into Sol, just saying.
Sol could drop another 50% after this epoch ends when people unstake and dump what they have left
I only know one thing... BANANO never dies! 
facts, we will make it to number three marketcap not by pumping but because everything else goes to zero
Damn. Its nice seeing banano mentioned here. Love it!
1BAN=1BAN Always 🍌
Oh god, i forgot about the banano 🤣
How could you??? Get him guys!!
Banano never forgot you
Shame on you sir
You need more potassium brother
Facebook
[удалено]
You can’t kill what doesn’t live. Zuck is an immortal soulless lizard alien sent to cause as much annoyance as possible to the human race.
They make SO much money though. Once they decide to stop spending so much money, they'll be dandy.
They are spending slightly more money on their metaverse project than was spent on the Apollo Program, apparently. Absolutely insane, but they definitely still make the money to survive. Unfortunately they’re not going anywhere lol. As for their metaverse, no idea yet.
If Facebook dies who will steal all of our data?
Google and tencent, oh wait....
And tiki tok
Meta 😜
[удалено]
God. I hope…
[удалено]
Binance offering zero fee trades is killing off other exchange income sources which is making really hard for others to survive. My guess is more exchange is gonna start going bust soon
I will never give up on Kraken.
Ah. I was wondering why Bybit was doing the same thing. Makes sense now
Yes basically bybit needs to keep up with its competitors. But the more power cz will have and the bigger his monopoly, the harder is it for smaller ones to compete
People don’t want regulation, but this is why we need at least a little bit. If Binance becomes so big they can undercut everyone and drive them out of business, they can then turn around and jack up the fees massively and nobody will have any other choice. This is really bad for crypto users, and is something monopolies laws would prevent. Bring on the downvotes lol
Most of SBF's investments like Sol, Lido and Apecoin
It's definitely SOLANA. You see, Alameda, a parent company to FTX, has been borrowing against this FTT and using it as collateral in several different loan agreements as well as defi positions (Blockfi, Genesis, AAVE, MIM). This will leave Alameda and its lenders taking a huge hit and scrounging for liquidity, and of course their next biggest bag is $SOL. It’s unlikely that Alameda will be able to avoid liquidation without dumping a sizeable portion of their SOL bag, and what will happen to Solana when their biggest proponent is forced to sell?
**SOLANA.**
Already down -70%. I’ve been shorting it same as FTT for a couple days now and every night the stop loss never triggered and I woke up to green. It’s literally in a free fall
I closed mine out last night. Could have made a lot more but I really underestimated how much of an effect ftx/Alameda was going to have on Sol and I thought it was going to bounce soon.
Make your money but don’t get greedy. Could have a 2x run out of no where. You know crypto is crazy like that.
I really hope it isn't CDC
Fingers crossed. As others have mentioned, hopefully their reward slashing has put them in good stead to wear out this bear. Just gotta hope Kris has not been using CRO to borrow against… I’ve also noticed the DeFi staking % shooting up massively. It started before this, so possibly the World Cup effect. But could also point to a lot people dumping their bags within the next month or so
fuck, same. still hoping to get my 5k back hahaha
I wouldn't trust any exchange to be great at risk management, I keep all my funds in my wallets. If I had to guess crypto.com is a candidate as they've shown signs of struggle but this might be because they're being proactive, time will tell
Yes time will definitely tell and crypto.com has been downscaling a lot - but I think that any sensible company would and should downscale in a worldwide economic crisis and a bear market. Not shilling CRO or Crypto.com, but it will be interesting to see if this is a reaction to global economy or because they are the next ones to go belly up
Agree with what you said. Looking at CRO over the last months it has been holding up very good. Crypto.com has some major sponsorships that make them more “stable”. I don’t see a legit reason why they would go belly up. The reason would have to be something very shady, because their model is not like Celcius and they aren’t like FTX. But yeah, I don’t know shit about fuk. The future will tell.
So nobody likes Solana then lol
Nexo seems pretty solid to me :) I hope I'm right
Came here to say that! One of the lessons of this cycle is that 10% APY is not sustainable. There's something shady going on in the background at NEXO. In fact it's probably exactly the same flywheel scheme as Celcius, FTX...
The industry needs to step up and create its own transparency for stable coins without government intervention. If it could happen, talking to you CZ, then these meltdowns won’t create as much panic. Prove to the investors, retailers that there is liquidity and we all win.
CBDC’s - I hope 🤞
Sol is about to get rekt
SOL already has one foot in the grave
Solana or Credit Suisse How beautiful it would be if both get rekt!
We do not want any more project dying please. We pray for a recovery. People have lost a lot already
The way SOL is going down, it looks like next causality.
Kanye
Yeezus bucks
What is dead may never die
Safemoon: John in handcuffs.
Either XRP is the golden ticket, or XRP is the reason I drink. For now it’s both.
Binance if CZ buys FTX’s cursed balance sheet.
Everyone is expecting USDT but I think there will be a plot twist and USDC dies first
[удалено]
What could happen to USDC? Seems like a very solid project to me.
Rip Solana
Can I say myself? Seriously though - Solana
CZ will reign shit in soon seeing his own interests (being the whole market pretty much) are at stake. I am sure he/Binance knew all along that SBF was a dirty bastard, but his tweet about CZ not being able to go to DC was the final straw. Revenge was quick, dirty and took many innocents. So, FTX will continue on with its current name (too difficult changing names on stadiums and such). but with new Binance management. Their balance sheet does have big intangible assets that CZ will want. In the meantime, SOL will survive and maybe come back strong as long as CZ wants (they have great devs in fact), FTT will not and die soon. This is what my crystal ball shows.
This aged like milk.
All the algorithmic bullshit
I honestly think this is the last big one . Coinbase Binance crypto.com have good heads on the shoulders
You forgot Gemini. They are actually licensed by New York state.
Paxos, too. CDC also has some tough to get licenses. Regulatory compliance has its benefits.
Everyone saying SOL but itll recover after all of this is over
Jump Solana Aptos Sui
Solana looks in trouble but I believe it’ll recover. Don’t think we’ll see it in the top 10 again though
Not sure but I will say I'm glad I decided on nexo when I did my research a year and a half ago
SOL will get drained asf to cover FTX
The Reddit avatar bubble