Several well-known venture capital and crypto firms are also involved in the FTX issue.
All users now have an opportunity to consider the issues and rebuild the crypto sector thanks to the demise of FTX.
The year 2022 will be remembered as one of the key and pivotal years in the development of the cryptocurrency market. This year has seen some of the biggest crashes, from the Terra LUNA crash to the most recent collapse of the FTX exchange, which was previously the third-largest cryptocurrency exchange in the world by volume.
When UST lost its peg and fell far below the target price of $1, the former’s problems began in May. Certain traders were able to take advantage of the asset’s algorithmic structure and relationship to LUNA to their advantage and profit from arbitrage trading it. In essence, this quickly reduced the value of both tokens to almost nothing.
In less than 10 days, the formerly $30 billion-plus FTX enterprise lost all of its worth. Wide-ranging effects of FTX’s c
We współpracy z: https://thenewscrypto.com/terra-and-ftx-what-to-expect-in-the-upcoming-years/
