ANIVERSE Crypto Daily News_Nov 16, 2022💌

Wednesday, November 16, 2022
ANIVERSE Crypto Daily News💌

1. Market Wrap: Bitcoin Rises on Encouraging Inflation News
- The latest inflation data on Tuesday suggested that the U.S. central bank was winning its campaign against inflation, and crypto investors relished the news.
- Bitcoin hovered near $16.8K. Ether and other altcoins also surge.

2. Crypto Lender BlockFi Preps for Possible Bankruptcy Filing After FTX’s Woes: WSJ
- The company had previously suspended withdrawals in wake of the collapse of crypto exchange FTX last week.

3. DeFi Protocols Are Winning Users as Centralized Crypto Exchanges Suffer Ether Outflows
- In the wake of the downfall of Sam Bankman-Fried’s FTX exchange, crypto traders are increasingly turning toward decentralized-finance (DeFi) protocols — as Ethereum tokens flow off big centralized crypto exchanges like Binance and OKX.

4. On-Chain Data Shows Investors Waiting, Changing Custody Behavior
- Trust in exchanges is understandably low after the collapse of Sam Bankman-Fried’s FTX. Investors might trust the asset more than the entity that holds them.

5. Serum’s SRM Tokens Double in Price After Emergency Fork in Wake of FTX Hack
- The Serum token price rose as high as 32 cents, from a low of 12 cents just two days ago, as community members of the decentralized exchange scrambled to implement an emergency fork in the wake of security concerns triggered by the hack of Sam Bankman-Fried’s FTX exchange.

6. Celsius is Owed $12M by Alameda Research, Newest Member of Bankrupt Crypto Club
- The bankrupt crypto lender’s new CEO told the judge Celsius Mining has approximately 40,000 mining rigs.