Worst of Crypto Crisis Has Passed: FTX CEO

Leo Briefing #73

Jul 6

When will the crypto bear end? This is a question on the minds of most people within the space.

According to FTX CEO, Sam Bankman-Fried, there could be a thawing in the Crypto-Winter. His belief is we saw the worst of the liquidity crisis, which is now behind us.

A number of companies faced financial hardship due to the drying up of liquidity. According to him, FTX still has a couple billion dollars in capital if needed to help out other companies facing crisis.

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Bitcoin Flashing Multiple Bottom Signals After Massive Systemic Shock, According to ARK Invest Analyst

Yassine Elmandjra, an analyst at ARK Investment Management, notes that Bitcoin is showing some signs of bottoming out. According to the research, Bitcoin is trading below the 200 day moving average for only the 4th time.

Also noted is the fact that Bitcoin mining revenue is at a 3 year low. Bitcoin miner capitulation is a bottom maker since they have the most skin in the game.

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Bull or Build, There is No Bear

It is easy to get caught up in all that is going on. Within crypto, the recent fallout from the liquidity crisis along with the TerraLuna collapse is garnering attention. On the macro front, things look equally as bleak.

Now is the time for builders to build. Those who started 3 years ago are now in a position to help today’s start ups. We will see a point where the outside events will settle down and eyes will return to crypto and blockchain.

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How This Elon Musk Company Has Enable DOGE Payments For Las Vegas Transportation

DOGE is now accepted at another Elon Musk company.

Tesla already accepts DOGE payment for apparel items on its website (not on its vehicles or energy products). Now, Hyperloop will accept DOGE for entry into its loop in Las Vegas.

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