<h2>The CEO of the big crypto exchange has lost almost 94% of his total wealth!</h2>Sam Bankman-Fried, FTX executive director, left the Bloomberg Billionaires Index after his estimated personal fortune fell nearly 94% to $ 991.5 million in just one day. What was the cause of such a sharp decline?<h2>Sam Bankman-Fried's net worth takes a hit after significant crypto market downturn</h2>Binance CEO Changpeng "CZ" Zhao announced on Tuesday that his company had signed a letter of intent to acquire FTX Trading, the world's third largest cryptocurrency exchange, with a daily turnover of more than $ 15 billion.The Bahamas-based exchange has been facing a liquidity crisis for some time, which has led to a slowdown in withdrawals. As a result, Binance announced that it was getting rid of all FTT <a target="" rel="noopener noreferrer nofollow" href="https://tytanid.com/blog/coins-tokens-altcoins-whats-the-difference/">tokens</a> in its possession due to the unclear financial asset situation of the FTX exchange. This move was the beginning of a spectacular decline in the FTX Token rate.Prior to his company's cash crisis, Bankman-Fried's fortune was valued at an estimated $ 15.2 billion. According to the Bloomberg Billionaire Index, as much as $ 14.6 billion was wiped out in just one day as a result of the FTT collapse.<h3>The FTX crisis is worse than the Mt. Gox and LUNA</h3>The rapid rise in financial success of the FTX CEO coupled with his relative youth and eccentric personality - including his alleged love of sleeping on a bean pillow in his office - has made Bankman-Fried one of the cryptocurrency industry favorites in recent times.A self-proclaimed "successful altruist," Bankman-Fried made big promises earlier this year that he would donate most of his fortune to charity. He also promised to spend up to $ 1 billion to support political candidates aligning with his vision of preparing for future pandemics.Although Bankman-Fried spent about $ 40 million ahead of the mid-term elections (with moderate success), he later backed off his promise, calling it a "stupid idea."Will the CEO of FTX manage to recover financially after yesterday's nightmare? In the opinion of Ryan Selkis, who works for Messari, the FTX crisis is greater than the collapse of Mt. Gox and <a target="" rel="noopener noreferrer nofollow" href="https://tytanid.com/blog/terra-failure-what-do-you-need-to-know/">LUNA</a>.

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<h2>Генеральный директор крупной криптовалютной биржи потерял почти 94% своего общего состояния!</h2>Сэм Банкман-Фрид, исполнительный директор FTX, покинул Bloomberg Billionaires Index после того, как его предполагаемое личное состояние упало почти на 94% до 991,5 млн долларов всего за один день. Что послужило причиной такого резкого падения?<h2>Чистое состояние Сэма Бэнкмана-Фрида снизилось после значительного спада на рынке криптовалют</h2>Генеральный директор Binance Чангпенг "CZ" Чжао объявил во вторник, что его компания подписала письмо о намерениях приобрести FTX Trading, третью по величине криптовалютную биржу в мире с ежедневным оборотом более 15 миллиардов долларов.Багамская биржа уже некоторое время сталкивается с кризисом ликвидности, что привело к замедлению вывода средств. В результате Binance объявила, что избавляется от всех имеющихся у нее <a target="" rel="noopener noreferrer nofollow" href="https://tytanid.com/blog/coins-tokens-altcoins-whats-the-difference/">токенов</a> FTT в связи с неясным положением финансовых активов биржи FTX. Этот шаг стал началом впечатляющего падения курса токенов FTX.До денежного кризиса его компании состояние Банкмана-Фрида оценивалось примерно в 15,2 миллиарда долларов. По данным Bloomberg Billionaire Index, всего за один день в результате краха FTT было списано 14,6 млрд долларов.<h3>Кризис FTX хуже, чем Mt. Gox и LUNA</h3>Быстрый рост финансового успеха генерального директора FTX в сочетании с его относительной молодостью и эксцентричной личностью - включая его предполагаемую любовь к сну на подушке из фасоли в своем офисе - сделали Банкмана-Фрида одним из фаворитов криптовалютной индустрии в последнее время.Самопровозглашенный "успешный альтруист", Банкман-Фрид в начале этого года дал громкие обещания, что пожертвует большую часть своего состояния на благотворительность. Он также обещал потратить до 1 миллиарда долларов на поддержку политических кандидатов, согласующихся с его видением подготовки к будущим пандемиям.Хотя Банкман-Фрид потратил около 40 миллионов долларов в преддверии промежуточных выборов (с умеренным успехом), позже он отказался от своего обещания, назвав его "глупой идеей".Удастся ли генеральному директору FTX финансово восстановиться после вчерашнего кошмара? По мнению Райана Селкиса, который работает на Мессари, кризис FTX больше, чем крах Mt. Gox и <a target="" rel="noopener noreferrer nofollow" href="https://tytanid.com/blog/terra-failure-what-do-you-need-to-know/">LUNA</a>.

Генеральный директор FTX потерял $14,6 млрд за один день

<h2>Dyrektor generalny dużej giełdy kryptowalut stracił prawie 94% swojego całkowitego majątku!</h2>Sam Bankman-Fried, dyrektor wykonawczy FTX, opuścił Bloomberg Billionaires Index po tym, jak jego szacowany majątek osobisty spadł o prawie 94% do 991,5 miliona dolarów w ciągu zaledwie jednego dnia. Co było przyczyną tak gwałtownego spadku?<h2>Wartość netto Sama Bankmana-Frieda ucierpiała po znacznym spadku na rynku kryptowalut</h2>Dyrektor generalny Binance Changpeng "CZ" Zhao ogłosił we wtorek, że jego firma podpisała list intencyjny w sprawie przejęcia FTX Trading, trzeciej co do wielkości giełdy kryptowalut na świecie, z dziennym obrotem przekraczającym 15 miliardów dolarów.Giełda z siedzibą na Bahamach od pewnego czasu boryka się z kryzysem płynności, który doprowadził do spowolnienia wypłat. W efekcie Binance ogłosiło, że pozbywa się wszystkich posiadanych <a target="" rel="noopener noreferrer nofollow" href="https://tytanid.com/blog/coins-tokens-altcoins-whats-the-difference/">tokenów</a> FTT z uwagi na niejasną sytuację majątkową giełdy FTX. Posunięcie to było początkiem spektakularnego spadku kursu tokenów FTX.Przed kryzysem gotówkowym jego firmy, majątek Bankman-Fried był wyceniany na około 15,2 miliarda dolarów. Według Bloomberg Billionaire Index, aż 14,6 miliarda dolarów zostało wymazanych w ciągu zaledwie jednego dnia w wyniku upadku FTT.<h3>Kryzys FTX jest gorszy niż Mt. Gox i LUNA</h3>Szybki wzrost sukcesu finansowego dyrektora generalnego FTX w połączeniu z jego względną młodością i ekscentryczną osobowością - w tym rzekomym zamiłowaniem do spania na poduszce z fasoli w swoim biurze - sprawił, że Bankman-Fried stał się jednym z faworytów branży kryptowalut w ostatnim czasie.Samozwańczy "odnoszący sukcesy altruista", Bankman-Fried złożył na początku tego roku wielkie obietnice, że przekaże większość swojej fortuny na cele charytatywne. Obiecał również wydać do 1 miliarda dolarów na wsparcie kandydatów politycznych zgodnych z jego wizją przygotowania się na przyszłe pandemie.Chociaż Bankman-Fried wydał około 40 milionów dolarów przed wyborami śródokresowymi (z umiarkowanym sukcesem), później wycofał się ze swojej obietnicy, nazywając ją "głupim pomysłem".Czy CEO FTX zdoła podnieść się finansowo po wczorajszym koszmarze? Zdaniem Ryana Selkisa, który pracuje dla Messariego, kryzys FTX jest większy niż upadek Mt. Gox i <a target="" rel="noopener noreferrer nofollow" href="https://tytanid.com/blog/terra-failure-what-do-you-need-to-know/">LUNA</a>.

CEO FTX traci 14,6 miliarda dolarów w ciągu jednego dnia

<h2>Der CEO der großen Krypto-Börse hat fast 94% seines Gesamtvermögens verloren!</h2>Sam Bankman-Fried, FTX-Geschäftsführer, ist aus dem Bloomberg Billionaires Index ausgeschieden, nachdem sein geschätztes persönliches Vermögen an nur einem Tag um fast 94 % auf 991,5 Mio. $ gefallen ist. Was war die Ursache für einen so starken Rückgang?<h2>Sam Bankman-Frieds Nettovermögen sinkt nach einem starken Rückgang des Kryptomarktes</h2>Der CEO von Binance, Changpeng "CZ" Zhao, gab am Dienstag bekannt, dass sein Unternehmen eine Absichtserklärung zur Übernahme von FTX Trading, der drittgrößten Kryptowährungsbörse der Welt, mit einem täglichen Umsatz von mehr als 15 Milliarden US-Dollar, unterzeichnet hat.Die auf den Bahamas ansässige Börse befindet sich seit einiger Zeit in einer Liquiditätskrise, die zu einer Verlangsamung der Abhebungen geführt hat. Infolgedessen kündigte Binance an, dass es aufgrund der unklaren finanziellen Situation der FTX-Börse alle <a target="" rel="noopener noreferrer nofollow" href="https://tytanid.com/blog/coins-tokens-altcoins-whats-the-difference/">FTT-Tokens</a> in seinem Besitz loswerden würde. Dieser Schritt war der Beginn eines spektakulären Rückgangs des FTX-Token-Kurses.Vor der Liquiditätskrise seines Unternehmens wurde das Vermögen von Bankman-Fried auf geschätzte 15,2 Milliarden Dollar geschätzt. Dem Bloomberg Billionaire Index zufolge wurden durch den FTT-Zusammenbruch an nur einem Tag 14,6 Milliarden Dollar vernichtet.<h3>Die FTX-Krise ist schlimmer als die von Mt. Gox und LUNA</h3>Der rasante Anstieg des finanziellen Erfolgs des FTX-CEOs in Verbindung mit seiner relativen Jugend und seiner exzentrischen Persönlichkeit - einschließlich seiner angeblichen Vorliebe für das Schlafen auf einem Bohnenkissen in seinem Büro - hat Bankman-Fried in letzter Zeit zu einem der Favoriten der Kryptowährungsbranche gemacht.Als selbsternannter "erfolgreicher Altruist" machte Bankman-Fried Anfang dieses Jahres große Versprechungen, dass er den Großteil seines Vermögens für wohltätige Zwecke spenden würde. Außerdem versprach er, bis zu 1 Milliarde Dollar für die Unterstützung politischer Kandidaten auszugeben, die seiner Vision der Vorbereitung auf künftige Pandemien entsprechen.Obwohl Bankman-Fried vor den Zwischenwahlen etwa 40 Millionen Dollar ausgab (mit mäßigem Erfolg), nahm er sein Versprechen später zurück und nannte es eine "dumme Idee".Wird es dem CEO von FTX gelingen, sich nach dem gestrigen Albtraum finanziell zu erholen? Nach Meinung von Ryan Selkis, der für Messari arbeitet, ist die FTX-Krise größer als der Zusammenbruch von Mt. Gox und <a target="" rel="noopener noreferrer nofollow" href="https://tytanid.com/blog/terra-failure-what-do-you-need-to-know/">LUNA</a>.

FTX-CEO verliert 14,6 Milliarden Dollar an einem einzigen Tag

FTX CEO loses $14.6 billion in a single day 

<h2>Considerable interest in non-fungible token technology has led to significant changes in the cryptocurrency sector.</h2>The broadly understood NFT market has been sending us subtle signals for some time that it is periodically trying to recover from the impact of the strong bear market that inevitably reached this sector. It is not difficult to quickly come to the conclusion that the prices of top tokens from key collections are still significantly away from the levels of the glory days, which ended around the first quarter of 2022. Despite this pessimistic fact, a certain change in the balance of power in this innovative sphere can be noticed. It is worth adding that so far, the Ethereum blockchain has been the network where non-fungible tokens were traded most frequently. In the end, however, Ethereum had to hand over the leadership position to its long-time competitor, Bitcoin.<h3>NFT trade is booming, but on a different blockchain</h3>Built, among others, by the popular programmer Vitalik Buterin, the Ethereum blockchain has for a long time been associated primarily with the fact that it is the cyberspace where by far the most non-fungible tokens (NFTs) are minted and where the highest trade rate in terms of turnover volume takes place.Recently, however, a revolutionary change took place, which led to BTC taking first place in terms of volume in the last 7 days.<h4>Latest data from the NFT market</h4>The latest data from the platform analyzing turnover volumes in the NFT sector shows that during the week Ethereum decreased by 3.72%, while tokens minted using the Ordinals protocol in the BTC network contributed to an increase by as much as 22.47 %, which led to this network ranking in first place.Finally, it is worth adding that the weekly volume here reached USD 101.3 million. In the case of the Ethereum protocol, it is USD 95.1 million. In third place, without any surprise, was Solana, which recorded a strong jump of 55% over the last week, and the trading volume of non-fungible tokens amounted to USD 66 million.

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Ethereum is no longer the leader in the NFT market. A surprising change in the balance of power

<h2>A financial company draws a positive forecast for one of the largest cryptocurrency projects</h2>The recent BTC price rally has sparked new enthusiasm in the world of digital currencies, and with it, increased interest in other cryptocurrencies. According to the forecasts of a widely recognized asset management company - VanEck - Solana (SOL) has a good chance of achieving noticeably better results than Ethereum (ETH) by 2024.<h3>Can Solana beat Ethereum?</h3>The spectacular increase in value by as much as 212% in just the last 60 days has resulted in Solana's share on the cryptocurrency market significantly increasing. Digital currency analysts also expect Solana's price oracle platform, Pyth, to likely overtake Chainlink in terms of total value secured (TVS) soon. It is worth adding here that despite Chainlink's current market dominance, analysts deeply believe that the innovative system architecture will make Pyth ultimately defeat its most serious rival.It is worth noting that Solana is currently trading at an average price of $73 per coin, and its price has increased by over 11% in just the last 24 hours. Moreover, there was also an additional increase in 24-hour trading volume to levels exceeding even USD 4.1 billion.Financial firm VanEck additionally forecasts that Ethereum will likely not reach a higher market capitalization than Bitcoin (BTC) until 2024. While Ethereum is likely to outperform other major tech stocks, Bitcoin's regulatory transparency and scale of energy efficiency are widely expected to attract interest from state-owned entities in Asia, Latin America, and the Middle East.Despite Ethereum's very decent results, according to the most common forecasts, it will probably lose market share to other smart contract platforms, such as Solana, whose main competitive advantage is that it can boast a much more reliable scalability schedule. Finally, it is impossible not to mention that Argentina is expected to join the countries sponsoring BTC mining at the state level. This would mean that Argentina would follow in the footsteps of countries such as the United Arab Emirates, El Salvador, Bhutan and Oman.

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Solana will beat Ethereum in some respects by 2024, according to VanEck

<h2>Cryptocurrency investors who expect the sector to decline suffer significant losses.</h2>According to data provided by the popular firm S3 Partners, short-term investors who focus on companies related to the oldest cryptocurrency suffered significant financial losses exceeding $6 billion in total by trying to short BTC in 2023. These losses were caused by a sudden but consistent reversal of the bearish trend on the Bitcoin chart , as well as the oldest cryptocurrency regaining key price levels.<h3>Traders have lost a fortune shorting Bitcoin-related companies</h3>Based on a report published by the analytical company S3 Partners, traders who at the beginning of 2023 adopted a bearish stance towards listed cryptocurrency companies such as Coinbase, Marathon Digital and MicroStrategy recorded losses of $6.05 billion.Due to the long-term increasing value of digital currencies, many investors taking short positions on shares of companies related to the crypto industry have made significant losses.In just the first three quarters of 2023, some short-term investors reduced their exposure to cryptocurrencies as the sector apparently rebounded. However, since Bitcoin's last low of $25.1K in September 2023, there has been a sustained and sharp increase in short selling totaling approximately $697 million as traders dramatically increased their exposure to what they perceived as an "overbought market." .In a sudden turnaround in the stock market, BTC experienced a significant increase in value and reached a new yearly high of over $44,300 on December 5 this year. This unexpected upward rally resulted in approximately $2.65 billion in losses for short-term investors.<h4>Strong increases in the value of BTC-related enterprises</h4>Undoubtedly, this year's increases in share prices of companies such as Coinbase and MicroStrategy may have been a challenge for many traders who were betting on shorting these shares. For the Brian Armstrong-led company, this year's 290% stock rally has resulted in losses estimated at about $3.5 billion for short-term traders. It is worth adding that this currently constitutes more than half of the total losses incurred in this way throughout 2023.Additionally, MicroStrategy's over 300% growth this year contributed to roughly $1.4 billion in losses for cryptocurrency traders. Despite the current strong growth in the market for digital currencies and related companies, some investors still decide to take short positions, most likely hoping that the upward rally will lose momentum at some point.

FTX CEO loses $14.6 billion in a single day

The CEO of the big crypto exchange has lost almost 94% of his total wealth!

Sam Bankman-Fried's net worth takes a hit after significant crypto market downturn

The FTX crisis is worse than the Mt. Gox and LUNA

Recent news articles

Ethereum is no longer the leader in the NFT market. A surprising change in the balance of power

Solana will beat Ethereum in some respects by 2024, according to VanEck

Traders shorting Bitcoin are losing billions as the BTC price refuses to fall

FTX CEO loses $14.6 billion in a single day

The CEO of the big crypto exchange has lost almost 94% of his total wealth!

Sam Bankman-Fried's net worth takes a hit after significant crypto market downturn

The FTX crisis is worse than the Mt. Gox and LUNA

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Recent news articles

Ethereum is no longer the leader in the NFT market. A surprising change in the balance of power

Solana will beat Ethereum in some respects by 2024, according to VanEck

Traders shorting Bitcoin are losing billions as the BTC price refuses to fall