The World Blog by humble servant.

Against all odds call. 15,000 Nasdaq 100 by May . Sp 500 4600, Dow Industrial 41,000.. By The humble servant. November 19, 2022

The collapse of the FTX exchange has dented investor confidence in cryptocurrencies Traders are abandoning online crypto-trading platforms in a bid to safeguard their assets in the wake of the FTX bankruptcy, Bloomberg reported on Monday, citing experts. The “wild-west days” of crypto markets are back again as the large trading houses that once thrived on arbitraging price gaps pull back, according to the media. Prices for identical assets are reportedly diverging on various platforms. The gap between the funding rates of identical Bitcoin futures on Binance and OKEx has been as wide as an annualized 101 percentage points and remained at least 10%, compared to mostly single-digit gaps last month. “Everybody is heading for the hills,” chief executive officer at Pythagoras Investments, Mitchell Dong, told the media outlet, specifying that the return of some price spreads shows “things that were previously arbed out are not so arbed out.” Dong said his firm is writing off its 1% an...