Multiple SBF Appearances, Fed Chair Speech, and Market Bounce: The Week's Crypto Recap

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Sam Bankman-Fried appeared on a few occasions this week, leaving more questions than answers. Fed Chair Powell hinted at incoming hikes while the market managed to recover a bit.

The past seven days were filled with a lot of information as the situation around FTX keeps unraveling. The former CEO of the exchange – Sam Bankman-Fried, had multiple appearances, but they may have spurred more questions than they answered.

This week’s best performer, for better or worse, is Dogecoin. DOGE skyrocketed a whopping 21% in a market that’s struggling to recover. MATIC also performed very well, up 7% in the past seven days. For example, he was quoted saying that the reason he prioritized Bahamian withdrawals in the wake of the fallout was that he’s physically located there and “you don’t want to be in a country with a lot of angry people in it.”This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:Elsewhere, the chairman of the US Federal Reserve, Jerome Powell, had a speech this week.

 

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FTX founder Sam Bankman-Fried took questions about company collapse: 'We messed up big'Sam Bankman-Fried took questions at the DealBook Summit on Wednesday regarding the collapse of FTX, the now-bankrupt cryptocurrency exchange he founded. This dork should be in jail. Duh!!!
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