Chart: Chainalysis
FTX’s demise hit investors’ wallets less than previous crises, according to a new research done by crypto insights firm Chainalysis. By calculating the weekly realised gains and losses of all personal wallets over the course of 2022, the firm found that both the depegging of Terra’s UST token and the collapse a few weeks later of Celcius and Three Arrows Capital (3AC) drove much bigger realised losses for investors.
UST caused US$20.5 billion in losses while Celcius and 3AC led to US$33 billion in losses, versus just US$9 for FTX, Chainalysis found. “From a market-wide point of view, the data [compiled] suggests that as of now, the heaviest hitting crypto events of 2022 were already behind investors by the time the FTX debacle took place,” the firm said.
See also: Bitcoin hits record high of US$120,000 as bullish momentum builds
Temasek-backed Singapore-based digital asset company Amber Group has completed its US$300 million Series C round led by Fenbushi Capital US. The latest round also saw participation from various crypto-native investors and family offices, the company said.
The Series C round is the largest investment the firm has received, following its US$200 million Series B+ round earlier this year. Founded in 2017, Amber Group claims to be one of the world’s largest liquidity providers, offering clients services which include algorithmic execution, electronic and over-the-counter market making derivatives and structured products.
