ChainCatcher news, according to CoinDesk, a research report from Canaccord indicates that the crypto asset industry has recovered from the consolidation phase following the collapse of the FTX exchange over the past year and has returned to a growth mode.The report mentions that the launch of Bitcoin and Ethereum spot ETFs in the U.S. this year has been a positive driving force for the crypto market, promoting broader institutional adoption of digital assets.Canaccord expects that the allocation of cryptocurrencies in institutional portfolios will continue to increase. Additionally, MicroStrategy's stock price has risen by approximately 325% over the past year, outperforming most asset classes.

ChainCatcher news, according to CryptoQuant data, the current realized profit and loss of on-chain Bitcoin traders is -17%, the lowest level since the FTX collapse.CryptoQuant indicates that historically, such lows usually precede price bottoms.

ChainCatcher news, data tracked by Coinwarz shows that on June 5, the Bitcoin network hash rate decreased from 83.6 TH/s to 79.50 TH/s, reaching levels seen in March, which is one month before the halving event in April.CryptoQuant research director Julio Moreno stated, "At that time, the Bitcoin network hash rate was down by 7.8%, which is comparable to the situation after the FTX collapse in December 2022. Miners' profitability has been hit, with daily revenue dropping from $78 million before the halving to currently $26 million."Moreno added, "Since early May, as mining difficulty has decreased, some miners have shut down their equipment to cope with declining profitability."

ChainCatcher news, according to CoinDesk, the Bitcoin miner surrender index is approaching the market bottom levels seen after the FTX collapse.CryptoQuant data shows that miner revenue has dropped from $79 million earlier this year to $29 million, with hash rate declining by 7.7% since the halving. The current trading price of Bitcoin is $60,300, down 13% in the past 30 days.CryptoQuant believes that as selling pressure intensifies, the market may rebound again to around $70,000. The significant decline in miners' daily revenue and hash rate indicates that miners are facing severe challenges.

ChainCatcher news, according to CoinDesk, TradingView data shows that BTC fell more than 8% on Tuesday, marking the largest single-day drop since November 9, 2022. On that day, BTC plummeted over 14% due to the FTX collapse.The latest market data shows that BTC briefly fell below $61,000, having retreated 17% from its recent all-time high of over $73,500. The CoinDesk 20 index dropped 16% during the same period.Trader and economist Alex Kruger stated that the recent price drop of BTC was catalyzed by several factors, including outflows from spot ETF funds. Kruger posted on the X platform, stating: "The reasons for the collapse, in order of importance: 1. Excessive leverage; 2. Ethereum driving the market down (the market believes its spot ETF has a low probability); 3. Negative inflows for Bitcoin ETF (T+1); 4. Frenzy of junk coins on Solana."

ChainCatcher news, EU Commission policy official Ivan Keller stated at the MoneyLIVE conference in Amsterdam that the collapse of FTX in 2022 and Binance's recent $4.3 billion settlement with U.S. authorities provide a strong argument for the EU's crypto assets market (MiCA) regulation.Keller stated, "I think we have had a few unfortunate confirmations to push the industry towards a strong regulatory path. FTX is definitely one of the big companies, and recently there is Binance as well. Our position is that the MiCA regulation will mitigate some risks, and importantly, it will give regulators clearer powers to oversee these entities so that they can also mitigate these risks."

ChainCatcher message, Pantera Capital tweeted a summary and review of how to respond to the FTX crisis one year ago. They stated that after the news of FTX and Alameda's poor financial condition emerged, they formed a war room to assess the impact on their portfolio, identify all potential risks, and assist high-risk teams. After identifying all potential risks (custody, counterparties, investments, etc.), they worked with the affected teams to mitigate further risks and develop a plan moving forward. Due to their regular emphasis on proactive risk management practices to the founders, less than 5% of the portfolio teams were significantly affected.Pantera advises that crypto companies should establish an internal process to minimize the time any assets spend on any exchange or with any third party; implement a multi-signature process for all asset transfers to avoid single points of control; diversify on-chain and off-chain counterparty risks by ensuring dealings with as many custodians, exchanges, and banks as possible; maintain liquidity and cash value of financial assets to avoid unnecessary principal risk in the company's financial assets; take measures to ensure bank accounts are protected within FDIC insurance limits; and transfer assets from co-mingled total wallets (such as exchanges or funds mixed with other funds) to on-chain isolated wallets (such as custodial, self-custodial, or any place where funds are isolated from other third-party funds).

ChainCatcher news, according to Kaiko data, ETH spot trading volume has surged to its highest level since the FTX collapse.

ChainCatcher news, according to The Block, in Michael Lewis's newly published book Going Infinite, Jump Trading lost over $200 million in the collapse of FTX, citing private documents unearthed by former FTX COO Constance Wang as the source of information.Apart from entities owned by FTX or Alameda, it is one of the entities with the most significant losses. Of the $8.7 billion owed to FTX account holders, nearly half is concentrated in the 50 largest accounts, including Jump.

ChainCatcher message, according to the Nansen report, the spot trading volume of most cryptocurrency exchanges has declined in the six months following the collapse of FTX. However, Kraken and Bybit saw an increase, with Kraken's average monthly trading volume growing by 14.4% to $18.9 billion, and Bybit increasing by 7.65% to $18.2 billion. During this period, Binance remained the highest volume centralized exchange, with a slight decrease of 0.2% to $444 billion.In terms of derivatives trading, Bitget's average monthly trading volume grew by 4.85% in the six months following the collapse of FTX, reaching $204 billion. Binance remains the highest volume centralized exchange, with derivatives trading amounting to $1.3 trillion, a decrease of 12.9% compared to before the collapse of FTX. (The Block)

ChainCatcher news, Solana founder Anatoly Yakovenko stated during his appearance on CoinDesk TV that he is not worried about the prospects of the Solana blockchain in an increasingly competitive environment. In the face of future pressures from emerging blockchain networks like Scroll, Base, and Linea, Yakovenko remains confident in Solana's technology.Anatoly Yakovenko said on the show: "None of them are as fast as Solana, none have the powerful transaction processing capabilities of Solana, and none have as many nodes running as Solana. I believe we are still far ahead in terms of technology, and we can see projects like Helium migrating from their own networks to Solana, and Render also voted to migrate to Solana."Furthermore, regarding the impact of the FTX collapse on Solana, Yakovenko believes that FTX founder SBF was indeed a strong supporter of Solana, expressing support for multiple applications on Solana through token listings and investments. Although the decline of FTX was unprecedented, there is almost no reason to believe it could undermine the Solana ecosystem. He explained that there are still many developers unrelated to FTX participating in building on Solana, with over 800 projects emerging from the last hackathon, which was the largest hackathon in Solana's history, occurring two months after the FTX collapse. (CoinDesk)

ChainCatcher news, Kaiko data shows that as Bitcoin's price briefly surpassed 26,000 USDT yesterday, the daily trading volume of Bitcoin on centralized exchanges (CEX) exceeded 20 billion USDT (USDT and USDC trading pairs), reaching a new high in 4 months since the FTX collapse. (source link)