FalconX Announces FTX Exposure. Crypto Daily TV 13/12/2022
Today’s Headline TV CryptoDaily News: Maple Finance reveals the risks of Crypto lending without collateral. Maple Finance, the largest unsecured cryptocurrency lending platform, is currently in debt and preparing for a major system overhaul. The project’s MPL token has plunged, and depositors are likely to stomach big losses.Coinbase Global stock is a falling meat cleaver.Cryptocurrency platform and exchange Coinbase Global stock has fallen alongside the crypto market and the price of bitcoin. Things got worse after the FTX catastrophe, when it fell to new lows of $40.15. The year-end tax loss selling is underway as investors reconsider the merits of cryptocurrency.FalconX discloses assets locked on FTX.Crypto trading firm FalconX said it has a portion of its assets locked on failed crypto exchange FTX. “FalconX balances on FTX represented 18% our unencumbered cash alternatives.” FalconX stated that this ratio was within our counterparty exposure limits. Bitcoin/USD gained 0.5% in last session. Bitcoin gained 0.5% against USD in the last session. According to the Williams indicator we are in an overbought marketplace. The Williams indicator indicates an overbought market. Support is at 169671, and resistance at 173651. The ROC is a positive signal. The ROC gives a positive signal. Support is at 1244.091, and resistance at 1292.471. According to the CCI we are in an oversold marketplace. The support level is at 0.3724, while the resistance level is at 0.3927. This signals an oversold market. LTC/USD traded sideways during the last session. The Litecoin Dollar price remained largely unchanged during the last session. The Williams indicator is indicating a negative signal. The Williams indicator is currently giving a negative signal. Japan’s Machinery Orders will release at 23:50 GMT. The UK’s Claimant Count Change will be released at 07:00 GMT. The US Consumer Price Index Core will be released at 13:30 GMT. UK ILO Unemployment RateThe UK’s ILO Unemployment Rate is the ratio of the total civilian labor force to the number of unemployed workers. Germany’s ZEW Survey – Current Situation will be published at 10:00 GMT. The UK’s ILO unemployment rate will be released at 07:00 GMT. The US Consumer Price Index Core will be released at 13:30 GMT. This article is not intended to be used for legal, tax, financial, investment, or other advice.