Wrapped Bitcoin Trades at Discount Amid Market Contagion

Altcoin liquidity worsens

FTX’s fallout gave birth to a phenomenon that Kaiko analysts previously have termed the “Alameda Gap” –Kaiko said market makers are providing liquidity “asymmetrically, with spreads widening a lot more for higher-beta altcoins.” By comparing the average daily spreads for the top altcoins by market cap on the Binance and Coinbase exchanges in the weeks before and after FTX filed for bankruptcy protection, Kaiko found that Solana’sData chart shows altcoin liquidity worsens in post-FTX fallout.

SOL’s price has been falling sharply given its close ties with FTX/Alameda – plunging 59% in the past month. CoinDesk first reported onon Nov. 2 that the firm held $292 million of “unlocked SOL,” $863 million of “locked SOL” and $41 million of “SOL collateral.” “Alameda was one of the most important market makers for some small-cap altcoins, while other major market makers registered losses and are likely to review their risk controls, which could impact liquidity in the short term,” the report from Kaiko said.

Source: News Formal (newsformal.com)

FTX_Official _jocelynyang_ Wbtc isn't even close to being Bitcoin. Hfsp

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

El Salvador Establishes National Bitcoin Office to Manage 'All Projects Related to the Cryptocurrency' – Bitcoin NewsA report published by Torres Legal details that the government of El Salvador has created a National Bitcoin Office. Binance_Futuree is doing a challenge for the season. $10,000 to get $85,000 in two weeks, this opportunity won’t last long. Hurry up and be part of the platform Message them now to start immediately Thats nice! Thats nice
Source: BTCTN - 🏆 531. / 51 Read more »

Bitcoin and Ether Are Not Securities in Belgium, Financial Regulator Clarifies – Regulation Bitcoin NewsCryptocurrencies like bitcoin and ether cannot be classified as securities, according to the financial watchdog in Belgium. Using ChiefraFba signals, I have a 92% win rate in the last two months! Ok cool, I have recently started using ChiefraFba for signals, his accuracy is INSANE! Glad someone agrees with me.
Source: BTCTN - 🏆 531. / 51 Read more »

Netflix nights still come wrapped in red-and-white envelopesThe service that has shipping more than 5 billion discs across the U.S. since its inception nearly a quarter century ago may not be around much longer.
Source: KSLcom - 🏆 549. / 51 Read more »

Netflix nights still come wrapped in red-and-white envelopesThere is still a steady — albeit shrinking — audience of diehards who are happily paying to receive DVDs in the iconic red-and-white envelopes.
Source: dothaneagle - 🏆 337. / 59 Read more »

Netflix nights still come wrapped in red-and-white envelopesThere is still a steady — albeit shrinking — audience of diehards who are happily paying to receive DVDs in the iconic red-and-white envelopes.
Source: TucsonStar - 🏆 339. / 59 Read more »

Musk points to VW Nazi origins after Alyssa Milano trades in her TeslaElon Musk points to Volkswagen's Nazi links after Alyssa Milano swaps her Tesla for a VW over 'hate and white supremacy' on Twitter this is why twitter is more entertaining than any other social media. Elon Musk is a modern Hero! Amazing how you can be so uneducated about history or economics, but think to have an opinion to shape the world. Someone take the internet away from these people!
Source: BusinessInsider - 🏆 729. / 51 Read more »