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Announcements November 2022 | Gate.io Monthly Featured Articles

November 2022 | Gate.io Monthly Featured Articles

2022-11-30 08:11:50 UTC 12427 Read

✨ September Highlights ✨

🔹 Hong Kong issued the Policy Declaration on the Development of Hong Kong's Virtual Assets.

🔹 Rubic's private key was exploited, resulting in a loss of $1 million.

🔹 The domino effect of FTX crash continues to spread.

The trust gained by the crypto industry from Wall Street investors and institutions after years of hard work, collapsed this month due to the FTX incident. The bull market boom in the crypto market has become a distant myth. BTC has fallen by approximately 65% year to date. Meanwhile, on the day when FTX was unable to reverse the situation (November 7), BTC fell by approximately 24%. Terra, 3AC, FTX, and other major players in the industry were eliminated due to unstable and unsustainable risk models, and the bleak global macro situation further led investors to stay away from risky assets...For more details, please refer to our blog post:November 2022 | Gate.io Monthly Featured Articles

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November 30

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