The whole cryptocurrency market is sinking toward bad news. Bitcoin fell 12% before 4:30 p.m. ET to just under $16,000, hitting a low not seen since November 2020, according to Coin Metrics.
FTX’s native token FTT experienced a volatile weekend as Binance dumped all of its FTT holdings “Due to recent revelations that have come to light,” CEO Changpeng Zhao (CZ) confirmed.
Cryptocurrency exchange Binance completed the first burn of Terra Classic tokens’ transaction fee following the suggestion of the community in September.