In today’s briefing:
- FTT Returns From the Dead
FTT Returns From the Dead
- Price Movements: BTC gained another 10% this week despite news that Genesis had filed for bankruptcy, with a reported $5bn in liabilities.
- Market Liquidity: Trade volume on the largest Asia-based exchanges fell to multi-year lows amid a tough regulatory environment in the region.
- Derivatives: BTC open interest has dropped 25% as a short squeeze hits derivatives traders.
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