FTX COULD REOPEN IN NEXT YEAR SECOND QUARTER

We had a court hearing that took place on Thursday, a number of interesting things were revealed. We don't exactly will happen whether FTX will reopen in next year second quarter. It is an interesting topic give how much of crypto stories in 2022 was about FTX. I am not a fan of FTT token and SBF but I will like to see some compensation for the people that loss their funds in the whole FTX crisis. There are a lot question going on in people mind right now, that should FTX be allowed to open. In the free market, no one can stop them and if they can do that in a legal manner, there is no reason why they shouldn't reopen but a won't advise another to use the platform.

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They have been part of the massive demise of crypto in 2022 in regards to the bear market. I don't think there is any future for the FTT if the exchange opens and regain it kind of status and gain some kind of credibility. It is not something I will been taking part of, from the spot point of view its a gamble I am will to take. I am not a big fan of Sam Bankman-Fried and I am not sure if he would be allow to kind of return to the throne of FTX. It will be under new management, it is not under realm of possibility that you could get traditional financial players. The fact that they planning on relaunching is 2024 is interesting. If the Bitcoin halving is anything to go by, that would be hopefully a decent bull market.

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The Avalanche network saw 6 months daily active addresses, it daily active addresses hit 80,000 on Thursday. Avalanche Blockchain is growing faster but there are some reasons why we are seeing this massive surge. It is major because many institution join this network. zkSync era crosses above $200 million total value lock and on the other hand, Polygon zkEVM is kind of crawling behind. You should no forget that both of these are Ethereum scaling solution and they were launch not long from each other but one network is performing well than the other. The reason why zkSync is joining more attention then the Polygon zkEVM is because zkSync has allocated Aidrop but Polygon already has a token (Matic token).

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