FTX Market Recap 2020-08-02
Weekly Price Movements:
BTC-PERP: +21.72% | ETH-PERP: 26.95%
ALT: +26.49% | MID: +8.89% | SHIT: 0.66% | DEFI-PERP: +2.08%
HASH: +5.19%
FTT: +14.98% | FTT/BTC: -5.21%
AMPL-PERP: -40.66%
MTA-PERP: -7.23%
Commentary
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DeFi returns were more mixed this week than in the recent past, with some coins up a lot and others down – YFI and YFII are among the winners, and still more new projects have been picking up steam.
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Bitcoin rose slowly and steadily all week, about 20%, until it crashed back down suddenly on Sunday afternoon on the back of a lot of liquidations across products.
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Major altcoins largely went in the same direction as Bitcoin, many of them outperforming throughout the week only to crash even more than Bitcoin did on Sunday.
Announcements
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Project Serum has debuted!
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5% of all SRM tokens will be distributed to FTX’s FTT holders over time