What happened this week: 7 most important events in crypto

The week was heavily influenced by the collapse of FTX, the aftermath of which, like circles on the water, is still spreading around the market. The significance of this topic led us to write almost all week about FTX and the terrible events related to it, which negatively affected other projects as well. 

As evidence of the magnitude of this event, just a week after the collapse, it has become known that various movie studios are competing to make an adaption of this historic event. Marvel filmmakers will produce a series about FTX for Amazon, while Apple and Netflix are also seeking movie rights to a book about the collapse of FTX and to make their own movie versions of the events.

Also in this issue, we talk about the rules of trading in this volatile market from The Wolf of Wall Street and discuss the coins that surprised us during this volatile week.

Lessons learned from the FTX crash

So, the collapse of FTX didn’t just change the capitalization of the market, it potentially changed the rules of the game as well. It got many people thinking about the future of the crypto industry. 

In this article, our author sums up what this collapse taught us. Reading it will at least make you think, at most your trading strategy will become more effective and safer: 10 important lessons from the FTX collapse.

Who’s next after FTX?

If anyone thinks FTX is over and can continue business as usual, they are definitely wrong. A domino effect has started, where the fall of one giant automatically leads to problems with related projects. Who else had similar problems? Who could be next? 

This is analytics about the problems of others, and if you actively play the crypto market — don’t let this be an unpleasant surprise for you. Separately, we should note the growing problems of Genesis exchange, which came close to the edge of the cliff.

Solana under attack

Solana is one of the projects which unwittingly suffered because of the FTX crash because it is closely connected with this exchange. Yes, everyone is familiar with the fact that something always happens to Solana, but this time it is a special case. Solana is at risk of losing an important sponsor, and this will certainly be a serious stress test for the project.

Solana is 95% off for Black Friday

Thank you Solana for this awesome sale 🙏 pic.twitter.com/zUg3sQfMHL

— Iced (@IcedKnife) November 25, 2022

Our journalists have collected the important news on this topic: this week Solana faced the blocking of the withdrawal at the leading exchanges, we also analyze the decrease in the price of $SOL.

Important criticism of Cardano

The second major project that could be hit hard by the crisis is Cardano. A well-known investor told us why. It’s worth paying attention to this material if you have something to do with $ADA.

Investors decided to point out the fact that the coin is not developing and also has no unique value to society. In his opinion, the developers can’t come up with anything anymore, so the value of $ADA inevitably flies down and will fall even more before the end of the year. 

Turns out building a stablecoin on #Cardano is not possible.

"Development on Cardano has been difficult […] the underlying network on #ADA is currently not ideal for any protocol dealing with liquidations […] best course of action is halting development."

Investors REKT. pic.twitter.com/bs8zapgHxt

— Duo Nine ⚡ YCC (@DU09BTC) November 24, 2022

Assets that grew despite everything

We don’t only deliver bad news, there are assets in the current market that pleasantly surprised investors with their growth. This week we analyzed the unexpected and bright growth of $CRV, we also discussed the very important growth of Litecoin (which is traditionally a leading indicator of Bitcoin growth). Have we reached the bottom and the market reversal is close?

Three wise tips for the investor

How do you really trade in a highly volatile environment? How not to lose money in today’s wild crypto market?

Three wise and practical tips from The Wolf of Wall Street, who teaches how to properly invest in crypto to survive this long crypto winter at a profit.

Interview with Miss Teen Crypto

If you think that all this content is boring for nerds, you can ask what Generation Z (as presented by Miss Teen Crypto) lives on. Here’s an interesting interview from the influencer to distract from all the endless problems of crypto winter and also to better understand the future of crypto which definitely belongs to zoomers.