Binance Dominates Crypto Exchange Market With 61.8% Share Despite Rampant FUD
A new report from CryptoCompare, a provider of crypto market data, reveals that Binance’s market share rose from 59.4% in January to 61.8% in February.
Global Crypto Market Cap Battles To Hold Above $1 Trillion As FUD Sets In
It has been roughly four days since the series of unfortunate events pushed the cryptocurrency market to take a massive turn for the worse, and it is still struggling to recover from the devastation that saw as much as $50 billion outflow from its market capitalization within a single hour on March 3.
FTX Warns Community of Phony ‘Debt Tokens’ and Scams Claiming To Be Affiliated With the Bankrupt Exchange
FTX debtors who control the official FTX Twitter account are warning the community about entities claiming to be associated with the now-defunct cryptocurrency exchange. The company filed for Chapter 11 bankruptcy, and the restructuring team and debtors use the official FTX Twitter account often to inform the community of updates. On Feb. 17, 2023, the debtors issued a warning, stating that the bankrupt firm has not issued any debt tokens.
FTX User Debt (FUD) Tokens Decline 10% As 18M Burn Becomes Imminent
Crypto exchange Huobi said DebtDAO would burn 18 million FTX User Debt (FUD) tokens later today because it rallied to a much higher value than the recommended price, according to a Feb. 7 statement.
Huobi Finally Lists FUD To Benefit Crypto Users
Huobi recently treated FTX users with great news. The exchange has recently listed the FTX users’ Debt (FUD) token. The bond token showcases the high-value FTX debt asset that can assist crypto users everywhere. The token will allow creditors to access a new level of liquidity, letting them trade FTX debt across the market.
Justin Sun Backs FTX Debt Token ‘FUD’ in Possible Securities Law Breach
Justin Sun, the founder of exchange Huobi, has put his name behind Debt DAO, a project claiming to be issuing FTX users’ debt as a bond token, FUD, on behalf of FTX creditors. In a Twitter thread, Debt DAO said it has been notified of around $100 million in debt by FTX creditors.
Huobi Will List FUD (FTX Users’ Debt) on February 5, 2023
Crypto exchange Huobi announced that it is scheduled to list FUD(FTX Users’ Debt) on Feb.5.
Here’s What Might Have Triggered Ethereum’s Decline Below $1,600
After what has been two weeks of an incredible rally for the price of Ethereum, the digital asset seems to be running out of steam. ETH’s price has now declined once more below $1,600 after a sharp downturn on Tuesday. The culprit for this seems to be growing FUD across the community.
Nexo-Linked Addresses See Outflows of Nearly $9M Amid Rising FUD
On-chain data shows that addresses related to crypto lender Nexo are recording outflows following news of financial crimes investigations by the Bulgarian government.
Around $150 Million Exchanged Between Justin Sun and Binance Amid Huobi FUD
Justin Sun, shadow owner of the Chinese crypto exchange, Huobi Global on Thursday affirmed that they are planning to lay off around 20% of its staff. Since this announcement, Huobi’s native crypto price has dropped by around 12% in the last 24 hours. However, data depicts that Justin Sun is moving huge amounts of funds amid this drop.
