FTX, through Almeda, stands to be a major investor in the Solana project SOL price continues to decline in a six-hour timeframe The native token of the Solana network, SOL, expereinced a severe price decrease and poor price action over the previous 48 hours. The liquidity issues at FTX and the impending sale of the […]
made by Fried, suggesting that FTX may be sold to Binance in the future, as Binance agreed to the provision of liquidity. Indirectly, the world’s largest cryptocurrency exchange, Binance, which operates its own chain and native coins, would have a say in the Solana community.
It’s hard to predict the whole impact, but it could mean that in a world where collaboration and competition are equally viable options, the Solana environment might not be able to sustain the latter if it came down to it.Taking a look at SOL pricing data over the previous six hours revealed a precipitous drop in value. A more accurate picture of how much it has dropped may be gleaned by plotting the price range tool.
Additionally, it was noticeable that the support line that had previously been seen between $30.9 and $30 had been broken. Furthermore, given that the price was still being seen to decrease, it looked like there was no immediate support. The short Moving Average , represented by the yellow line, appeared to be crossing below the long MA. This was represented by the blue line, making a death cross, suggesting that there may be further dropping to come.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
These Solana metrics could give SOL investors a few sleepless nights because…Solana Daily, a popular Twitter handle that posts about updates about the Solana [SOL] ecosystem, recently uploaded Solana’s latest weekly report. The report mentioned all the major developments on the network over the past week, including Solana’s integration with Google Cloud and the launch of Solana Mobile. Solana Ecosystem Update (Week 44) Take a look […]
Read more »
Crypto exchange Binance to buy rival FTX in apparent bailoutThe cryptocurrency exchange Binance said it plans to buy its rival FTX Trading, which became the latest cryptocurrency company to fall under financial pressure as crypto assets have collapsed in value.
Read more »
Volatility spikes in the crypto market as Binance looks to acquire FTXThe crypto market went for an early morning plunge as BTC briefly dipped below $20,000 amid rumors of insolvency at the crypto exchange FTX.
Read more »
Crypto exchange Binance plans to acquire major rival FTXWASHINGTON/LONDON (Reuters) -Binance, the world's largest cryptocurrency exchange, has signed a nonbinding agreement to buy FTX.com, a unit of major rival FTX, to help cover a 'liquidity crunch' at the cryptocurrency exchange, Binance CEO Changpeng Zhao said on Tuesday. FTX has come under pressure after Zhao said on Sunday his firm would liquidate its holdings of FTX's in-house token, FTT, due to unspecified 'recent revelations.'
Read more »
Ontario Teachers’ Pension Plan faces a hit on investment in crypto trading platform FTXThe situation also calls into question FTX’s plans to officially launch its business in Canada by acquiring Calgary-based Bitvo Inc.
Read more »
Star stock picker Cathie Wood expects to see ‘significant downturn’ in inflation in 6 monthsArk Invest thinks the reported acquisition of crypto exchange FTX.com will boost its remaining competitors.
Read more »