Read sharp crypto market analysis, expert breakdowns, and on-chain insights covering Bitcoin, Ethereum, altcoins, and macro trends.
Kwon said the audit proves that Terra's failure is different from recent crypto failures where operators misused customers' funds.
Oluwapelumi Adejumo 2 min read 
The collapse of FTX put the market once again into a state of extreme fear, with BTC falling down to its lowest level of the year at $16,000.
Glassnode data, as analyzed by CryptoSlate, showed that retailers are taking out their coins from exchanges at the most aggressive rate, with the withdrawals coming mostly from Crypto.com.
The market crisis caused by the FTX fallout put the security of user funds into question and could have pushed retail traders away from centralized exchanges.
In the latter hours of Friday evening, FTX founder Sam Bankman-Fried secretly moved $10 billion in funds to Alameda trading firm via software "backdoor."
Illiquid Bitcoin supply spiked over last week, while the top four stablecoin dominance beat Ethereum's.
CryptoSlate analyzed on-chain data from Glassnode to identify the impact on realized profit and losses throughout the current market turmoil.
Amid a day of volatility Binance released its proof-of-assets data while rumors circle that Alameda is planning an attack on USDT with an aggressive short
Bitcoin failed to hold onto a key psychological level as the crypto markets see red.
