<ul><li>Top ApolloX Gainer: HTUSDT (&#43;76.35%)</li><li>Top ApolloX Loser: CHZUSDT (-13.57%)</li></ul><h3 id="token-quicksnap">Token QuickSnap</h3><p>Crypto exchange Huobi saw its HT token rally over 50% in the last 7 days on<a href="https://cryptoslate.com/huobi-token-continues-run-of-strong-form-up-64-since-bottoming/" rel="noopener noreferrer nofollow"> rumours that it would merge with crypto exchange Poloniex</a>, under the leadership of TRON founder Justin Sun. Huobi later announced that these rumours were untrue. Meanwhile, CHZ fell over 14% in the last 7 days despite having generated some attention due to it being a blockchain-based sports project, bolstered by the World Cup.</p><p><em>*Data cited from CoinMarketCap</em></p><h2 id="header-0">Market Analysis</h2><p>Bitcoin (BTC) started the week falling to a low of $15.6k amid fears about the future of crypto firm Genesis Global Capital and further contagion from the FTX fallout. However, it soon recovered to surpass its weekly opening price, staying above $16.2k for the rest of the week. Even the U.S. Federal Reserve&#39;s last monetary-policy meeting on Nov. 24 <a href="https://www.coindesk.com/markets/2022/11/23/bitcoin-clings-to-16k-ahead-of-fed-minutes/" rel="noopener noreferrer nofollow">failed to cause significant waves</a>.</p><p>In the derivatives market, BTC open interest marginally increased this week by $41 million as the market starts to calm but remains cautious. Aggregated funding rates slipped to slightly negative from slightly positive. A total of $243 million short positions and $280 million long positions were liquidated this week, with $122 million longs liquidated on Nov. 21 alone when BTC fell toward $15.5k.</p><p>Source:</p><p><a href="https://www.coinglass.com/LiquidationData" rel="noopener noreferrer nofollow">CoinGlass</a>, <a href="https://cryptoquant.com/" rel="noopener noreferrer nofollow">CryptoQuant</a></p><h2 id="header-1">CryptoBytes</h2><h3 id="ftx-collapse">FTX Collapse</h3><ul><li>Alameda Research allegedly withdrew $204 million — a majority in stablecoins — from FTX.US before it filed for bankruptcy, according to Arkham Intelligence analysis. (<a href="https://cointelegraph.com/news/alameda-research-withdrew-204m-ahead-of-bankruptcy-filing-arkham-intelligence" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Digital Currency Group disclosed that it has about $2 billion in debt, most of them intercompany loans. It owes $575 million to its own Genesis Trading arm, and owes Genesis $1.1 billion on a promissory note related to the default of Three Arrows Capital. (<a href="https://decrypt.co/115370/digital-currency-group-owes-genesis-575m" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Crypto Twitter influencers are reportedly searching the Bahamas for former CEO Sam Bankman-Fried. One YouTuber Gabriel Haines successfully crowdfunded $10,000 to fly him and his family to the Bahamas. (<a href="https://decrypt.co/115667/crypto-twitter-hunt-for-sam-bankman-fried-bahamas" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Crypto exchange Binance will delist three Serum (SRM) trading pairs, SRM/BNB, SRM/BTC and SRM/USDT, as a result of the FTX fallout. (<a href="https://www.coindesk.com/business/2022/11/25/crypto-exchange-binance-delists-serum-trading-pairs-amid-ftx-connection/" rel="noopener noreferrer nofollow">Learn more</a>)</li></ul><h3 id="investment-talk-policy">Investment Talk &amp; Policy</h3><ul><li>According to a Bloomberg report, crypto lender Matrixport hopes to raise US$100 million at a valuation of US$1.5 billion. This comes at a time when the industry is dealing with the aftershocks of FTX’s collapse. (<a href="https://forkast.news/headlines/matrixport-eyes-us100-million-fundraiser/" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Crypto exchange Binance has released its proof of reserves for Bitcoin and will add other tokens and networks over the next few weeks. (<a href="https://forkast.news/headlines/binance-releases-proof-of-reserves/" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Kraken CEO and co-founder Jesse Powell called proof-of-reserves “pointless” without liabilities included after Binance released its proof-of-reserves system. Binance CEO Changpeng Zhao reiterated that Binance will involve third-party auditors to audit the proof-of-reserve results. (<a href="https://cointelegraph.com/news/binance-proof-of-reserves-is-pointless-without-liabilities-kraken-ceo" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Several U.S. state regulators are looking into whether crypto trading firm Genesis Global Capital may have violated securities laws, according to a report from Barron’s. (<a href="https://www.coindesk.com/policy/2022/11/25/us-state-regulators-investigating-crypto-investment-bank-genesis-global-capital-barrons/" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Belgium’s Financial Services and Markets Authority said Thursday that cryptocurrencies without an issuer like BTC and ETH are not securities. (<a href="https://www.coindesk.com/policy/2022/11/24/bitcoin-ether-neednt-follow-financial-rules-belgian-regulator-says/" rel="noopener noreferrer nofollow">Learn more</a>)</li></ul><h3 id="projects">Projects</h3><ul><li>South Korea’s leading blockchain game developer Wemade’s crypto token WEMIX tumbled 70% on Friday after the country’s four largest digital asset exchanges announced that WEMIX will be delisted. (<a href="https://forkast.news/wemade-wemix-token-delisting-ceo-blames-upbit/" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Singapore authorities have launched a probe into troubled crypto lender Hodlnaut for “possible cheating and fraud,” likely related to former algorithmic stablecoin UST. Hodlnaut also had about 72% of assets deposited in FTX. (<a href="https://decrypt.co/115490/singapore-police-probe-hodlnaut-possible-cheating-fraud" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>ConsenSys, operator of MetaMask, responded to online critics that only the wording of its updated privacy policy — and nothing else — had changed. (<a href="https://forkast.news/headlines/meta-mask-changed-nothing-criticism-collect/" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Crypto exchange Huobi has said rumours that it will merge with Poloniex are &#34;categorically untrue.” (<a href="https://www.coindesk.com/business/2022/11/25/crypto-exchange-huobi-denies-rumors-it-will-merge-with-poloniex/" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Coinsquare, one of Canada’s largest crypto exchanges, suffered a data breach which exposed customers’ personal data. It claims customer assets are “secure in cold storage and are not at risk.” (<a href="https://www.coindesk.com/tech/2022/11/26/major-canadian-crypto-exchange-coinsquare-says-client-data-breached/" rel="noopener noreferrer nofollow">Learn mor</a>e)</li></ul><h3 id="web3">Web3</h3><ul><li>Web3 game publisher Fenix Games has raised $150 million in funding to acquire, invest and distribute blockchain games. (<a href="https://cointelegraph.com/news/fenix-games-raises-150m-to-fuel-next-generation-blockchain-gaming" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>ApeCoin DAO has launched its own white-label NFT marketplace built by NFT infrastructure company Snag Solutions. The new marketplace lists for-sale NFTs from Yuga Labs-owned NFT collections and Otherdeed NFTs. (<a href="https://www.coindesk.com/web3/2022/11/23/apecoin-dao-launches-community-driven-nft-marketplace/" rel="noopener noreferrer nofollow">Learn more</a>)</li></ul><h2 id="header-2">What’s New at ApolloX</h2><ul><li><strong>CEX Wind Down</strong> - ApolloX will shut down CEX in phases and focus resources on ApolloX DEX moving forward. (<a href="https://apollox.link/CEX-winddown" rel="noopener noreferrer nofollow">Learn more</a>)</li><li><strong>ETH support on PancakeSwap Perpetuals</strong> - PancakeSwap Perpetual users can now connect to ETH network on the platform to trade perpetuals, powered by ApolloX DEX Engine. (<a href="https://perp.pancakeswap.finance/en/futures/BTCUSDT" rel="noopener noreferrer nofollow">Connect now</a>)</li><li><strong>ApolloX &amp; BNB Chain Glory Pass</strong> - Claim an exclusive Glory Pass by BNB Chain on Galxe and unlock a myriad of perks from participating projects! (<a href="https://galxe.com/bnbchain/campaign/GCBB1UwM4R" rel="noopener noreferrer nofollow">Claim now</a>)</li><li><strong>#3 BNB Chain DeFi App</strong> - ApolloX is in the top BNB Chain DeFi Apps for Unique Active Wallet (UAW) in the last 7 days! Ranked by DappRadar. (<a href="https://dappradar.com/rankings/protocol/binance-smart-chain/category/defi" rel="noopener noreferrer nofollow">Learn more</a>)</li></ul><h2 id="header-3">Trading &amp; Competitions</h2><ul><li><strong>Palmswap &amp; ApolloX </strong>- Double your deposit on the new Palmswap Hybrid Exchange with a $10,000 USDT prize pool! (<a href="https://palmswap.medium.com/trade-double-up-your-deposit-185db638b4ca" rel="noopener noreferrer nofollow">Deposit now</a>)</li><li><strong>Experience DEX &amp; Win</strong> - To thank loyal CEX users and encourage more to experience ApolloX DEX, ApolloX is hosting a DEX campaign for users to win up to 18,000 APX! (<a href="https://apollox.link/Experience-DEX" rel="noopener noreferrer nofollow">Trade now</a>)</li><li><strong>Double Rewards with SafePal </strong>- Complete simple tasks and trade in the ApolloX DApp on SafePal to grab your share in a 100,000 APX prize pool! (<a href="https://apollox.link/APX-SFP-doublerewards" rel="noopener noreferrer nofollow">Trade now</a>)</li><li><strong>ApolloX &amp; BNB Chain Football Fiesta</strong> - Earn up to 1,065 APX in rewards daily when Glory Pass holders deposit and trade on ApolloX DEX! (<a href="https://apollox.link/football-fiesta-glory-pass" rel="noopener noreferrer nofollow">Trade now</a>)</li><li><strong>World Cup Prediction Challenge</strong> - ApolloX is giving away $3,000 APX to traders who predict the winning teams for the World Cup 2022 Semi-Finals! (<a href="https://apollox.link/wc-prediction" rel="noopener noreferrer nofollow">Predict now</a>)</li></ul><p><strong>Risk Reminder</strong>: Crypto trading carries a risk. All trading activities are done at your discretion and at your own risk. The information here should not be regarded as financial or investment advice from ApolloX. ApolloX will not be liable for any loss that might arise from your use of any financial product.</p><p>The ApolloX app is available on Apple Store or Google Play <a href="https://apollox.onelink.me/rf4R/MAblogdl2022" rel="noopener noreferrer nofollow">here</a>.</p><p>Stay up to date with ApolloX!</p><p><a href="https://t.me/apollox_com" rel="noopener noreferrer nofollow">Telegram</a> |<a href="https://twitter.com/ApolloX_com" rel="noopener noreferrer nofollow"> Twitter</a> |<a href="https://www.facebook.com/ApolloXcom" rel="noopener noreferrer nofollow"> Facebook</a> |<a href="https://www.instagram.com/apollox_com/" rel="noopener noreferrer nofollow"> Instagram</a> | <a href="https://apollox.link/blog-discord" rel="noopener noreferrer nofollow">Discord</a> |<a href="https://apollox.link/blog-APXNewsStation" rel="noopener noreferrer nofollow">ApolloX News Station</a> | <a href="https://coinmarketcap.com/community/" rel="noopener noreferrer nofollow">CMC Community</a></p>

Weekly Report (21-27 Nov 2022): Market remains calm through World Cup kickoff and Thanksgiving week

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