1. Huobi and TRON DAO commit to permanently and rigidly redeem all TRON tokens on the FTX platform at a 1:1 ratio.
Comment: This decision is an attempt by the industry to save itself, and the final effect remains to be seen.
2. Alameda avoided bankruptcy by borrowing with FTT as collateral, which may be the fuse of FTX’s liquidity crunch.
Comment: Luna and Sanjian collapsed, how many potential risks are still unknown to the market?
3. Binance gave up the acquisition of FTX.
Comment: SBF said that FTX’s funding gap reached US$8 billion, and that this was caused by factors such as FTX being investigated by regulators.
4. The price of Bitcoin fell to a new low in nearly two years.
Comment: Continuing the historical record, market liquidity problems are beginning to emerge and market recovery is still a long process.
5. In the past 24 hours, the entire network has experienced a liquidation of US$601 million.
Comment: The market is fluctuating violently, and pressure from both bulls and bears is increasing. Investors should pay attention to risks.
6. There was a tilt in the USDD/3CRV pool on Curve, and USDD slightly decoupled from the peg to around USD 0.98.
Comment: Pay attention to the exchange rate of stablecoins in times of crisis. The key lies in the token price, and relevant users should pay attention to the safety of their assets.