<ul><li>Top ApolloX Gainer: FTMUSDT (&#43;30.79%)</li><li>Top ApolloX Loser: BNXUSDT (-53.31%)</li></ul><h3 id="token-quicksnap">Token QuickSnap</h3><p>Fantom (FTM) experienced a 36% surge in the last 7 days after founder Andre Cronje <a href="https://andrecronje.medium.com/fantom-an-inside-financial-peak-at-being-a-crypto-company-323d29fb5e81" rel="noopener noreferrer nofollow">released the firm’s financial records on Nov. 28</a>, revealing that it had <a href="https://cointelegraph.com/news/ftm-price-rebounds-50-as-fantom-reveals-30-years-runway-without-having-to-sell-its-token" rel="noopener noreferrer nofollow">$340 million worth of digital assets and had been generating consistent profits</a> — earning over $10 million annually. Meanwhile, DeFi and GameFi platform BinaryX (BNX) has dropped 51% in the last 7 days <a href="https://beincrypto.com/bnx-price-tanks-on-rumors-of-binaryx-team-selling-treasury-tokens/" rel="noopener noreferrer nofollow">after rumours that the BinaryX team were dumping BNX tokens</a>.</p><p><em>*Data cited from CoinMarketCap</em></p><h2 id="header-0">Market Analysis</h2><p>BTC started surging from Nov. 28 amid <a href="https://www.coindesk.com/markets/2022/12/01/first-mover-asia-bitcoin-rises-again-on-us-fed-chairs-moderate-remarks/" rel="noopener noreferrer nofollow">investor hopefulness from the Fed’s moderate remarks</a> and touched $17.2k on Thursday, before slipping <a href="https://www.coindesk.com/markets/2022/12/02/bitcoin-as-us-economy-added-jobs-in-november/" rel="noopener noreferrer nofollow">after the U.S. monthly jobs report</a>. It stayed within $16.75k and $17.1k for the rest of the week. In the derivatives market, BTC open interest increased slightly by $8 million this week while aggregated funding rates remained negative as traders remain bearish for the short term. Over $175 million short positions and over $186 million long positions were liquidated this week.</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="investment-talk-policy">Investment Talk &amp; Policy</h3><ul><li>Over 8% of Bitcoin supply was bought between $15.5K and $17K, according to data analyzed by CryptoSlate. (<a href="https://cryptoslate.com/over-8-bitcoin-supply-was-bought-between-15-5k-and-17k/" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Alibaba’s cloud computing subsidiary Alibaba Cloud announced an integration with the Avalanche blockchain to power the company’s Node-as-a-Service initiatives. (<a href="https://cointelegraph.com/news/avalanche-to-power-alibaba-cloud-s-infrastructure-services-in-asia" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Genesis and its parent company Digital Currency Group (DCG) reportedly owe users of Gemini’s lending product Gemini Earn $900 million. (<a href="https://cointelegraph.com/news/crypto-lender-genesis-allegedly-owes-900m-to-gemini-s-clients-report" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Liquidators for Three Arrows Capital have seized $35.6 million from the collapsed crypto hedge fund’s bank accounts in Singapore, which left a $3.5 billion debt in its wake. (<a href="https://www.coindesk.com/business/2022/12/02/three-arrows-capital-liquidators-seize-356m-from-singaporean-banks/" rel="noopener noreferrer nofollow">Learn more</a>)</li></ul><h3 id="projects">Projects</h3><ul><li>DeFi protocol Ankr will buy US$5 million worth of BNB to compensate liquidity providers affected by its Friday’s mint bug exploit. (<a href="https://forkast.news/headlines/defi-protocol-ankr-to-buy-us5-mln-of-bnb-to-cover-funds-lost-in-exploit/" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Nigerian users of crypto exchange AAX stormed the company’s Lagos office and harassed its employees after the exchange halted withdrawals. (<a href="https://cointelegraph.com/news/aax-clients-storm-exchange-s-office-in-lagos-following-operational-halt" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Centralized crypto exchange Bybit has announced a second round of mass layoffs. No details were given on what percentage of the company’s workforce will be reduced. (<a href="https://cointelegraph.com/news/bybit-announces-second-round-of-layoffs-in-2022-to-survive-bear-market" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>FTX US’s ex-president Brett Harrison is reportedly seeking US$6 million funding to launch a start-up that would build crypto trading software for big investors. He stepped down in September, a month before FTX’s collapse. (<a href="https://cointelegraph.com/news/ftx-us-ex-president-reportedly-seeks-6m-funding-to-launch-crypto-startup" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Chief strategy officer of Binance, Patrick Hillman, said the company&#39;s centralized exchange may not exist in 10 years as the crypto market moves toward DeFi. (<a href="https://www.coindesk.com/business/2022/12/01/binance-exec-says-firms-centralized-exchange-may-not-be-around-in-10-years/" rel="noopener noreferrer nofollow">Learn more</a>)</li></ul><h3 id="digital-assets-web3">Digital Assets &amp; Web3</h3><ul><li>OpenSea’s Ethereum NFTs trading volume has declined to almost zero for five consecutive months, according to Dune Analytics. (<a href="https://cryptoslate.com/openseas-ethereum-gas-usage-has-declined-to-almost-zero/" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Luxury watchmaker TIMEX has launched 500 timepieces that will display an owner’s Bored Ape or Mutant Ape on the watch’s face. Each physical watch will be accompanied by an identical NFT version. (<a href="https://decrypt.co/116412/timex-launches-2500-bored-ape-watches-and-matching-nfts" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>MetaMask co-founder and ex-Apple employee Dan Finlay criticized Apple’s 30% in-app purchase tax as “an abuse of monopoly” and said he’s in favour of the crypto industry ditching Apple’s App Store altogether. (<a href="https://decrypt.co/116337/metamask-co-founder-dump-apple-ios-tax" rel="noopener noreferrer nofollow">Learn more</a>)</li><li>Payments firm Stripe has debuted a customizable widget to facilitate fiat-to-crypto payments for companies in dozens of countries around the world. (<a href="https://www.coindesk.com/business/2022/12/01/stripe-debuts-fiat-to-crypto-payment-offering-for-web3-businesses/" rel="noopener noreferrer nofollow">Learn more</a>)</li></ul><h2 id="header-2">What’s New at ApolloX</h2><ul><li><strong>New Chat Room Features </strong>- Users can now share their positions and history directly in Chat Room! (<a href="https://apollox.link/chatroom" rel="noopener noreferrer nofollow">Chat now</a>)</li><li><strong>HAY Deposit Suspension</strong> - ApolloX has temporarily paused the deposits of $HAY on DEX. (<a href="https://twitter.com/ApolloX_com/status/1598689631717199874" rel="noopener noreferrer nofollow">Learn more</a>)</li><li><strong>DEX Engine Partnership</strong> - ApolloX is pleased to announce the latest partnership for the DEX Engine with BabyDoge! (<a href="https://apollox.link/new-partner-2-dec" rel="noopener noreferrer nofollow">Learn more</a>)</li><li><strong>CEX Wind Down</strong> - Take note of these key dates in the CEX wind down timeline! (<a href="https://apollox.link/CEX-winddown" 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 (28 Nov-4 Dec 2022): BTC hovers around $17k, Traders remain bearish

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