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Solana Foundation Releases Its FTX Account Holdings

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Today’s Cryptocurrency Headline

The Solana Foundation disclosed updated information related to FTX.com. As of 11/14/22, the Solana Foundation has exposure to the below assets. These assets were held on FTX.com accounts (and continue to be held there) as of 11/6/22 when FTX.com ceased to process withdrawals.

  • ~3.24m shares of FTX Trading LTD common stock
  • ~3.43m FTT tokens
  • ~134.54m SRM tokens

In addition, the total exposure to Sollet-based assets on Solana in circulation is valued at approximately $40 million as of Nov 10, 2022. The status of the underlying assets is unknown at this time.

BingX’s Bitcoin Chart

Source: TradingView & BingX

According to CoinShare, digital asset investment products saw the largest inflows for 14 weeks totalling US$42m. Bitcoin is up 2.04% over the last 24 hours and rose to an intraday high of $17,168.80. The largest cryptocurrency fell to a low of $15,793.00 earlier in today’s session, and rallied towards $17,000 after CZ announced crypto market recovery fund. However, the price of Bitcoin was unable to sustain above $17,000, suggesting the uncertainty in the marketplace remains high. For now, a cautious investment attitude is necessary for market participants.

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