Week in Review
1. FTX abandons restart and expects to pay cryptocurrency customers in full in bankruptcy liquidation.
🎉FTX gave up the restart and went bankrupt and liquidated to pay cryptocurrency users in full. Although only the equivalent price of cryptocurrency at the time of bankruptcy was paid in USDT, it is always good to recover some losses. In fact, paying users according to the cryptocurrency price at the time of bankruptcy was also a last resort. SBF misappropriated a lot of money. As the price of cryptocurrency rose, FTX had the opportunity to pay users in full according to the cryptocurrency price at that time. Restarting involves the interests of many parties. Whether it is from the perspective of opponents or users, and some regulatory agencies, they do not want to see FTX restart. This year, the price of FTT has risen and fallen with various news of restarts, and has become a MEME coin to some extent. Now that the restart is abandoned, it is likely to die slowly.
2. OPNX will be closed this month and customers must withdraw funds before February 14.
🎉With FTX Exchange giving up restarting, OPNX, a debt trading and claim exchange, has no place to go. On the other hand, the Singapore Supreme Court approved the prosecution of 3AC's follow-up investment fund. It is a double blow to OX. Fortunately, ox.fun has not been closed and is still running. This token has experienced many twists and turns. It has experienced the turmoil of Zhusu going to prison, and now it is facing court prosecution and OPNX is closed. The development of the project is very dangerous, and the future depends on what Zhusu does.
3. Musk changes his X signature.
🎉This week, Musk changed his signature to X, and the trolls gradually fell into a death spiral. Current events create MEMEs, and Musk and the trolls are strongly bound together. Musk is the reason for his success and failure. After changing his signature, without such a traffic source, the trolls will gradually decrease.
4. Vitalik published an article titled “The Prospects and Challenges of Crypto + Artificial Intelligence Applications”.
🎉This week, Vitalik Buterin published another long article about AI. During the article, Worldcoin was mentioned, and the market responded quickly. After CZ withdrew from the front line of the crypto market, Vitalik Buterin's influence on the cryptocurrency circle has further increased. A coin mentioned in an article will skyrocket. Even a certain word will become a local dog. However, unlike ENS, WLD and the various local dogs that appeared this week, after a short rise, the token price fell back, so look at it rationally.
5. Solana’s monthly transaction volume has reached its highest level in the past one or two years.
🎉Sol chain has new airdrop projects and new MEMEs. As a local chain in the United States, Sol chain has seen a lot of MEMEs this week, mostly Americans participating first. Many good MEMEs have appeared, emojis or some kind of stalks. If you don't live in the same area, you can't understand them first, so you will miss some MEMEs. Because of these reasons, the Chinese circle is not so sensitive to this round of MEME boom on SOL. However, foreigners are indeed very exaggerated about the strength of MEME pyramid schemes, and the transaction volume is far greater than some local dog transactions on ETH. Although there is a reason for the low network fee, it is more about the enthusiasm of foreigners for MEME and their attention to this round of MEME boom on SOL.
