FTX Market Recap 2020-09-20
Weekly Price Movements:
BTC-PERP: +4.7% | ETH-PERP: -0.8%
ALT: -1.2% | MID: -5.4% | SHIT: -10.9% | DEFI-PERP: -20.0%
HASH: +1.86%
SRM: -12.5%
Commentary
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The surprise launch of UNI tokens was big news. Uniswap distributed 150m UNI to historical liquidity providers and users of its platform and started a liquidity mining program. Within hours, it was listed on several major exchanges including FTX. It started trading around $3 and traded as high as $8.50 on Saturday before coming down a bit.
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Inflows into WBTC intensified, with over 20,000 being minted this week. It got listed on more exchanges and was often trading as high as 50 bps over BTC.
Announcements
- FTX launched UNI markets (futures and spot)
- FTX launched HGET spot market
- FTX launched UBXT spot market
- FTX launched CREAM markets (futures and spot)