Get started

FTT

Cycles Exchange giants FTT (FTX, Alameda Research)+BNB (Binance)Comparative analysis. The main trend of the two exchange coins BNB and Alameda Research, and yes the exchange FTX. The time interval is one month. Logarithm. Coins of two liquid exchanges: Binance and FTX . Coinmarketcap: FTX Token Coinmarketcap: BNB Here's what it looks like on a line chart of the price. Is Sam Bankman-Fried a young potential "grandpa" Warren Buffett or a fintech criminal with a life sentence? Could Alameda replicate the success of Binance, led by future PR wunderkind Sam Bankman-Fried, i.e. a young Warren Buffett? A joke? Ta, no... That's his role after his grandfather died. Or is it? Think about it... Do you think the pseudo-asset market, the various cryptocurrency scams, can be compared to the tokenized stock market ? Can you smell XRP?) Right now, in 2022, Binance is a mastodon in terms of cryptocurrency trading. Just like Poloniex in 2017). Think about who is behind companies like Alameda Research ? Why are they allowed to do what others are not? Why can some liquidate, ostensibly for their own benefit, entire projects with billions of dollars in capitalization and a community of millions of people with impunity, while others can't even breathe a breath? Who has the right to pardon or punish? Who can claim such a huge piece of the fat pie as the tokenization of stocks or the materialization of money from nothing (stabelcoins) but the state? Exchanges. Hype and liquidity. Changing market leaders. Therefore, for conservative traders and investors, it is more rational to pay attention to the non-random mastodons of the crypto market. But, keep in mind that they tend to gain or lose fat over time. I didn't write about Poloniex as an example for nothing. It's an example of hype and decline from previous times of popularity. In 2017 there was such an influx of traffic to the exchange that it was impossible to trade. Five years later, things have changed. Liquidity flowed to the new mastodon of hype, Binance. Market cycles of cryptocurrency market spikes/declines . In the price chart, I have shown the time cycles of the cryptocurrency market. This is probably the most important thing everyone wants to know. Most market participants want to scroll through money and increase the amount available "here and now in the moment" - emptying their pockets. Typically, the market of such "burps up" before the next peak in the cycle. Don't be that kind of person. Very few people draw conclusions from their previous mistakes. They admit their mistakes and look for ways to solve them, rather than cite randomness. There is no randomness in non-accidental actions. Notice how the "crypto hamster traffic" has decreased in the market nowadays. I may be writing crudely, but it's understandable. Local reversals occur at times like this. Major FTT trend FTT/USD (FTX, Alameda Research). Main Trend. This is what this zone looks like on the line price chart on a larger scale. Pay attention to what zone the price is in now and at what values of profit. Take this into account in your trading. Main trend of BNB .
FEducation
by SpartaBTC
6
FTT/USD (FTX, Alameda Research). Main trend. The main trend. Time frame 1 week. Logarithm. Cycles are also shown. Coinmarketcap: FTX Token Note that the price is currently in the distribution zone. Over +1600% Which in case of a break-up (downtrend secondary) could act as a partial reset zone. The first potential target is shown. In the case of a breakout of the neck zone (in the case of a return of the price)—temporary sadness. In addition to the currently existing trend line, I have also shown a future potential trend line (the direction of the main price trend) of the negative scenario, depending on the stopping in some of the zones shown on the chart. Just for clarity, I overlaid the chart BNB/USD (Exchange Binance). Time frame and scale are the same. This is what this zone looks like on a line chart. Secondary trend.
FTX:FTTUSD
by SpartaBTC
5
Bitcoin Marco UpdateJust a small update on Bitcoin , the price has infact made new lows but the RSI has not and this is very bullish. When we get these sort of divergences when the RSI is around 30 it is our signal that we are close or at a bottom. I layed a ray line from the bottom of the weekly close in 2018 and aligned it with he bottom of the March 2020 ,which then gives us this diagonal support line. I hate diagonal support lines they fail most of the time and there many ways one can draw these lines but in this case using the bottom of the weekly closes we get one angle. So far this support line has had incredible confluence take a look below. 1h Chart 4h Chart The reaction to this line coming in from last two major bottoms is amazing , there is a high chance that the bottom is in here. I would also recommend checking out this TA from trading shots it is possible that have completed the final stage with "discouragement" by making that lower low.
COINBASE:BTCUSDLong
by Sporia
7
How Sam Bankman got Fried Hi Traders, Investors and Speculators 📈📉 Losing $22 Billion in one day is probably a record for the books. Let's take a closer look at the Sam Bankman-Fried story... At 30, SBF is(was) the youngest billionaire in the US. In 5 years, he managed to start the fastest growing DEX (FTX), as well as Alameda Research. He is also well connected. VERY well connected, with political ties to big names such as actors including Tom Brady, Naomi Osaka and financial institutions including Coinbase Ventures and Binance Labs. So how is it then that he got burnt and lost it all overnight? Let's take a closer look at the intricacies. First, let's take a closer look at just how big and interconnected FTX really was: 💰 44 Active investors deposit $1.8 Billion in just a year 💰 Celeb Ambassadors including actors such as Stephen Curry, Tom Brady and Naomi Osaka ...hopefully we've learnt our lesson about trusting actors on crypto with Matt Damon on BTC and Ashton Kutcher with his XRP endorsement right before major crashes.... no? 💰 FTX has a combined value of $40 Billion in 2022 💰 FTX sponsors Mercedes in F1 💰 FTX sponsors Major League Baseball, FTX printed on all shirts (guess who's getting a new wardrobe...) 💰 Fortune Magazine Face - "Next Warren Buffet" After the SEC forced shutdown in 2018 of crypto exchange broker 1Broker, many crypto moguls decided to take their companies elsewhere. This is also true for Sam, who decided to open FTX in Hong Kong later moving to Bahamas, away from the restrictions and regulations of the US. Binance followed a similar path, later moving it's company from China to Cayman Islands. SBF continues to keep favor with the US as he makes large contributions to Joe Biden's campaign, over $11 million. He reportedly spent over $47 million supporting democratic political campaigns. SBF networking progresses and he often testified to congress about how crypto regulations should proceed, even though he moves his business to the Bahamas (not the US). He positions himself as the voice of reasoning for the future of crypto regulations. During 2021, SBF reaches the peak of his wealth and fame. He nd 9 other youngsters are leading the FTX empire from the penthouse in the Bahamas. Some say he became overconfident, others say he was sloppy. It seems as though the start of his downfall was due to Rival, CZ from Binance. Back in 2019, CZ hinted on Twitter that SBF was involved in an attempted attack on Binance futures platform. CZ later drives down the price of FTT by publicly stating their exit from FTX after "certain revelations came to light". SBF responds with a tweet "you won, well played". When the bear market arrives late 2021, SBF is portrayed as a saint as he "invests hundreds of millions" in companies such as BlockFi, Voyager and Celcius whilst they face liquidity problems. A research report from September 2022, reveals a different story. He, infact, invest miniscule amounts or even nothing at all to help these companies! But this article does not make headlines, yet. Then a whistle blower breaks the news - Alameda Research uses $10 billion of customers FTX funds to make a risky investment, which is totally illegal. This is the complete opposite of the terms and conditions on his website as well as the opposite of what he said to Congress during his talks about how regulations should be. This is where the saying "not your keys, not your crytpo" shines. Crypto users and SBF fans are heart broken... How could he?? The final blow: Recently, continuous rivalry on crypto twitter between CZ and SBF fuels the price drops on FTT as CZ claims to sell all remaining tokens. Alameda Research (one of the 9) jumps in and claims to "buy back" whatever CZ has left to sell. But then, another stroke of bad luck - the balance sheets of Alameda Research leaks. As it turns out, they have NO liquidity, especially not enough to make any FTX buyback. And so, overnight, the price drops a whopping 89% and there goes most of SBF's wealth. Final Thoughts... If you're smart enough, have the right support structures and a great PR team, you can grow your fortune with fake virtue signaling. Infact, many philanthropes ( unlike Jeff Bezos 's ex wife whom you probably don't even know about ) will only donate when the camera's are on. They also ensure that they are highlighted as kind hearted saints by the media. They do whatever it takes to hide all the corruption and money laundering behind the scenes. SBF was portrayed as the humble, young billionaire face op crypto, and everyone wanted him in their corner due to his trading brilliance and profitable partnerships. Sometimes, however, when the bad deeds start outweighing the good ones exponentially, it becomes increasingly hard to hide the true events from the public .It has, somehow, come to light that instead of being a humble and charitable public servant, SBF was the leader of a group of kids living the highlife in a penthouse in the Bahamas. Misusing funds for corruption and illegal activities including but not limited to money laundering. And so came the fall of Sam Bankman Fried. His downfall involves deception, illegal activities, large political contributions and the misuse of customer funds. It is noteworthy that most of his wealth was in FTT, native crypto to FTX decentralized exchange (DEX) . 💭...This is no uncommon thing. Many people do the same illegal stuff, probably even on a larger scale but somehow, SBF got burnt. You can't help but wonder... Who Fried Sam Bankman ? _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
FShort
by CryptoCheck-
127
FTX - A Failure of Crypto, or Fiat?Binance recently announced that they will not be going forward with FTX's bailout - so the future of the company and its holders still hangs in the balance. (The FTT token has been removed from this site since, but last I checked it was down 95%+.) Is this the "end of crypto"? Well, not quite - MATIC, ATOM, DOGE, ETH, LINK are still in up in the last 6 months, despite the recent drop, highlighting the fact that the fact that the appetite for taking bets on the crypto market is still there. Given that the recession woes are still there, many are likely still on the sidelines waiting for the market to bottom out before deciding to get back in. The downturn was expected, but it's also possible to make the argument that the industry is still doing better than expected. Here's the tricky part: the FTX scandal is triggering for a lot of people in finance because FTX had their hand in basically everything: crypto, fiat, regulators, celebrities, political parties (SBF and his families have strong ties to the Democratic Party, as records show), the media, and the banking system - both old and new. Unlike previous scams/scandals (e.g. Mt. Gox), FTX had the buy-in of mainstream money and institutions (including regulators) which also calls into question the effectiveness of the institutional safeguards as well. Who's fault is it? There's likely going to be a lot of finger-pointing in the upcoming months as the mess gets sorted out, but the question for investors right now is whether or not the market is going to see this scandal as a failure of the industry, or a failure of the regulatory framework that currently exists. So far, the results are still unclear. The irony of the FTX scandal is that these were the sorts of problems that crypto set out to fix - had they used crypto for its intended purpose (on-chain governance, transparency in their financial records and dealings), it's very likely that these issues would have been caught way earlier before it became too late. Some will leave, some will stay, but the ideal outcome to come out of this scandal would be for the people themselves to demand higher standards in accounting and fiduciary duties.
Long
by RyanTanaka
The FTX Implosion (A brief overview)FTX Token (FTT) WAS a beloved cryptocurrency for traders with just under 30,000 total addresses holding the token. Sadly , over 3 years, grew to a market cap of over $3,000,000,000 USD. The FTX Token was proving itself useful for traders all around the world. HOWEVER..... FTX halted withdrawals following reports that it used customer funds on risky investments that left the crypto exchange in a deep hole. FTX has NOW filed for bankruptcy , which means anyone who can establish that the company owes them money will have to get in line to request repayment. How did it all unfold? - On 6th November; Binance CEO announced that he was selling his holdings of the FTX token (approx $530million worth). Alameda offered to buy the Binance CEO's share at $22 each, which saw the price fall slightly from $24 to $22. - 8th to 9th November; Binance went from announcing an intention to buy FTX (subject to due diligence) to stepping away from the deal, just hours of checking its accounts. Within the day, FTT cascaded from $22 to $2.36, as the SEC and CFTC begins its investigation of FTX and Alameda. - 12th November; Between $1 to $2 billion in funds from FTX customer accounts have gone missing, with messages indicating that FTX has been hacked. Currently - Bahamian regulators freeze assets of FTX. - Alameda is being wound down - FTX files for bankruptcy Unfortunately, this FTX implosion has reignited the call for more regulatory oversight in the crypto markets, to address the current systemic risks.
F
by JinDao_Tai
🔥BREAKING: Binance will delist all FTX pairs❗ Strange decision.🔥 Hi friends! Binance will delist all FTX trading pairs: FTT/BNB, FTT/BTC, FTT/ETH, FTT/USDT. It is a strange decision for Binance CEO, because the company still not delist Luna and Luna2(LUNC) which was scammed and haven't enough reserves to recover. Investors lose almost $40B in Luna and USDT. Only Binance exchange lose $1.6B invested money. ✅ The same situation with FTT (FTX token). FTX echange announced the bankruptcy and literally scamed and Binance will delist it. We don't already final amount of money what investors and Binance lost, but I think this numbers is really close. Previously, CZ said that Binance gad going to sell $580M in FTT. 📊 WHAT IS GOOD FOR BINANCE IN FTX CRASH❓ Binance become only BIGGEST exchange on the market, because FTX was it closest competitor. The most money from FTX flows into Binance. 🚩 At the last online meeting CZ said that if they could solve the problem of how people store their crypto in their wallets, it would be a big boost for DeFi and the entire crypto industry, for the mass adoption of crypto and that he would not mind if centralised exchanges ceased to exist❗ Also, importantly, he said that they are now very actively investing in DeFi. I have to add, that a lot Binance or related to Binance projects can copy TWT token chart and starts to grow. I leave here the list of most promises tokens for you: 🔥 BNB 🔥 TWT✅ 🔥 CAKE 🔥 LINK 🔥 1inch 🔥 XVS ✅ Traders, was it idea usefull for you? Which coins of Binance seems next gainers to you? Write your thoughts in the comment! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
10
🔥 Future FTT price FTX token under threat 👇Why the FTTUSDT price directly depends on the result of the "showdown" between Binance CZ CEO and Sam Bankman-Fried with FTX ? On 06.11 evening, the head of Binance published a series of tweets in which he wrote that Binance as part of a strategy to exit investments in FTX received $2.1B in BUSD and FTT. And due to "unethical" actions, Sam Bankman-Fried plan to sell their stake in tokens FTT of $ 600M within 1-2 months on the open market. CEO at Alameda Research, Caroline Ellison, has publicly called for CZ to sell all FTT tokens at $22 to reduce the market impact on the FTX exchange's native token rate. The current showdown between owners of major cryptocurrency exchanges is happening when the cryptocurrency market is "fragile" and tough regulation from the U.S., including DeFi market, is still looming. Sam Bankman-Fried with FTX has taken a proactive regulatory stance, trying to significantly limit the rights and freedoms of DeFi protocol creators so that US users / other territories with strict laws cannot use DeFi infrastructure. And the winning side of course would be centralized exchanges a-la FTX. He also hinted in one of his tweets that he lobbies for interests in Washington, and for the head of Binance - entry to those chambers is closed, which has caused the current CZ / FTX / Alameda feud. The principle of the current actions of the head of Binance is quite simple - collapsing quotes FTTUSD. Also actions CEO Binance causes a mass "flight" from the exchange FTX in its favor, and also many lenders may withdraw their loans from FTX, due to the depreciation of collateral in the FTT. Better that CZ / FTX as soon as possible stopped this "war" because such a battle will not only hurt the price of FTT or the exchange FTX, which is being abandoned by the traders and their liquidity. A lot more crypto community participants are likely to suffer. Because in such a weak crypto market, coins with smaller liquidity and capitalization can go down very, very hard, and almost all of us have them. If we look at the global chart of the FTTUSDT price, it becomes clear why the price of $22 per FTT is critical. Below you can see the liquidity level is only about $10. In general, the strong liquidity area where "big money" was taking a long position is in the $2.5-4 range. We don't want to see another collapse like with "Luna". We hope for a quick and peaceful outcome of this conflict, but each participant in the crypto community should make conclusions for themselves. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
F
by P_S_trade
25
BTCUSDT | Goals for next week.Hello trader Today I have prepared a new idea for you. Like and subscribe to the channel there is a lot of useful information✅ Weekends are boring as always, we are waiting for the opening of all markets tomorrow. If we talk about the bitcoin chart from the technical side, then we are holding in the range of $17,000-16,350, forming a structure for a further level of support and resistance. The question is how long will we be kept below $17,000 because everyone already wants a strong increase, right? I think we will still go through $16,000 and make a DD on 12H and then I expect a take-out towards $18,000 (my first take profit), then we will act according to the situation. Now we are in a strong manipulation zone, people are waiting for the price to drop even lower in order to buy and enjoy life, but let's think together, the market always works the way we think? I think no. And then inexperienced traders start buying in a panic, watching the rocket fly away without them. By the way, I'm in LONGE!
Long
by DanilBlinkov
DefiLlama: Total Value Locked by Protocols"Exchange is not your wallet". "Not your keys, not your coins" Despite the strong turmoil due to the FTX crash, DeFi dApps (Decentralized Finance applications that run on blockchains) remain intact, at least for the most part. And given this bad context of the crypto market, it is worth noting that Dexes (decentralized exchanges) and Landing Protocols have proven to be much more resilient and secure than centralized exchanges, since the former have a more open administration and a source code that can be accessed and audited. On the other hand, centralized exchanges are a black box, and at this delicate moment, there are doubts if they really have enough balance to honor all withdrawals. DefiLlama TVL (Total Value Locked) The graph presented here shows the monetary values ​​locked in the main dApps, also called protocols. What the graph indicates is that the DeFi ecosystem remains intact, and so far the application that has suffered the most withdrawals and losses has been Mango Markets, which runs on the Solana blockchain. Due to the Alameda/FTX contamination, some Solana dApps may suffer more. The worst case scenario in case of eviction According to DefiLlama, the total amount locked in DeFi is $76.13b. Doing a very quick baker's account with approximate values: + Total TVL: $76,000,000,000.00 - FTX Leak: $10,000,000,000.00 - Investments by Alameda/FTX in Solana and some dApps: $6,031,139,675.00 ------------------------------- = $59,968,860,325,000 (-21%) So, if the market drops more, we could have a drop of another 21%, distributed among these protocols. But, again, this is just a quick calculation and could be wrong, and it is not investment advice. Final word This will be a time of consolidation, in which ecosystems with solid governance will prove their worth and emerge from this crisis even stronger.
DEFILLAMA:AAVE_TVL
by andre_007
FTX is Just Another Market Correction: Liquidity and RegulationsI'm sure you've probably already heard the news about FTX so I won't cover everything - but there's a few things we might expect, longer-term, from the scandal this week. - More Regulations: This incident embarrassed a lot of powerful people as well, so the likelihood of more substantial regulations coming down the pipe is now much higher. - Increased Liquidity: Lots of people are pulling money outside of crypto right now, which explains why the prices have dropped so much this week, as a whole. (Especially Solana, which took an outsized hit compared to the rest.) But the money is still there - some will leave, but some will come back...hopefully with better research. It may present an opportunity for smaller alts to grow after the dust settles. The crypto ecosystem has gone through a few exchange collapses already (ex. Mt. Gox) so crypto itself will still continue to press on. But I fully expect for more stories like these to unfold as we head further into the recession - the money printer has run out of ink, after all.
Long
by RyanTanaka
6