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Home Blog Page 8609

$11 Billion Outflow of Bitcoin and Ethereum From Exchanges Following FTX Collapse

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Since the collapse of FTX on November 5, 2022, there has been a significant outflow of bitcoin and ethereum from exchanges. According to data from cryptoquant.com, 356,848 BTC worth around $6.02 billion has been removed from exchanges in the past 51 days, the largest amount of withdrawals for both cryptocurrencies all year.
The data also shows that 4.48 million ether was removed from exchanges in the same period. In addition, a large amount of stablecoins, such as USDC and USDT, have also been withdrawn from exchanges, totaling around $7.669 billion. However, the pace of withdrawals has slowed down since December 20, 2022, and there has been an increase in bitcoin deposits.

Southwest Airlines Shares Drop 6 percent on Massive Flight Cancellations

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Southwest Airlines Co. (NYSE:LUV) shares plunged nearly 6% on Tuesday as the company continues to cancel flights due to the winter storm. According to FlightAware data, Southwest has canceled nearly 3,000 flights, representing at least 70% of its schedule for the day. This is significantly more than any other airline, with Delta canceling 265 flights as of Monday night.
The U.S. Transportation Department has expressed concern about Southwest’s “disproportionate and unacceptable rate of cancellations and delays” and has indicated that it will examine whether the cancellations were controllable and whether the company is complying with its customer service plan and other relevant rules.
Southwest has apologized for the disruptions and acknowledged that the extreme winter weather has had a significant impact on customers and employees.

Tesla Shares Plunge 11 percent on Concerns About Production Shutdowns in China

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Tesla, Inc. (NASDAQ:TSLA) shares closed more than 11% on Tuesday due to concerns about production shutdowns in China in January. China is a key market for Tesla, and there are growing concerns about declining demand in the face of a challenging macroeconomic environment and increasing competition from domestic electric vehicle (EV) manufacturers.
According to analysts at Wedbush, there are signs that Tesla’s sales are slowing in China, including higher inventory levels, price cuts, and production slowdowns. This could lead to the company missing its delivery estimates for Q4/22, with estimates now ranging from 410,000 to 415,000 units, down from previous estimates of 450,000 units.
This is also below the whispers on the Street, which put the estimate at around 435,000 units. According to the analysts, the slowing sales in China and the potential for lower-than-expected deliveries in Q4 could have a negative impact on Tesla’s trajectory for 2023.

Texas Tech’s offense continues to roll in rout of S.C. State


Kevin Obanor scored a game-high 24 points and grabbed nine rebounds in just 23 minutes on Tuesday night as Texas Tech topped 100 points for the third straight game in a 110-71 nonconference rout of South Carolina State in Lubbock, Texas.

Four other players scored in double figures for the Red Raiders (10-2). Daniel Batcho made all six of his field-goal attempts and tallied 17 points. De’Vion Harmon added 14 points and seven assists, while Pop Isaacs also hit for 14 points. Jaylon Tyson chipped in 13.

Texas Tech got pretty much any shot it wanted most of the game against the 2-13 Bulldogs and made most of them. The Red Raiders finished at 64.4 percent from the field, sinking 14 of 28 3-pointers, and probably would have reached 100 points a lot sooner had they not missed 13 of their 33 foul shots.

Raquan Brown scored 17 points to pace South Carolina State, which combined an inability to make shots with an inability to get stops. The Bulldogs made just 40.3 percent of their shots from the field and allowed Texas Tech to average more than 1.5 points per possession.

It got lopsided early. The Red Raiders didn’t even need five minutes to establish a double-figure lead, opening up a 16-6 advantage at the 15:10 mark of the first half on two free throws by Robert Jennings.

The cushion swelled to 20 when Batcho canned a foul shot with 6:48 remaining in the first to make it 37-17, and the lead simply kept growing as Texas Tech converted with ease against an outmatched opponent.

The Red Raiders increased the margin to 26 on two different occasions before settling for a 59-36 advantage at halftime after Brown beat the buzzer with a driving layup.

Obanor sank a pair of foul shots with 13:19 remaining in the game to boost the advantage to 30 for the first time at 77-47. Lamar Washington’s layup at the 2:55 mark put Texas Tech over the 100-point mark.

–Field Level Media

Marquette takes down Seton Hall at home


Oso Ighodaro scored 16 points and Olivier-Maxence Prosper added 15 as the Marquette Golden Eagles took care of the visiting Seton Hall Pirates by a final of 83-69 on Tuesday in Milwaukee, Wis.

Ighodaro shot an efficient 8-for-9 from the floor while also leading the team with 10 rebounds and three blocks. Tyler Kolek led the way with eight assists, just over his Big East-leading average of 7.5 per game coming into tonight.

The Golden Eagles held the lead for the entire game, using the second half to pull away. Marquette shot 58.6 percent from the floor in the second half, including going 4-for-10 from beyond the arc.

Four Pirates players scored in double figures with Dre Davis leading the charge with 15. Seton Hall committed 15 turnovers while shooting just 54.5 percent from the free-throw line (12-for-22). The Golden Eagles scored 18 points off those turnovers while turning the ball over just seven times themselves.

Marquette held a slim seven-point lead at halftime thanks to a buzzer-beating 3-pointer from David Joplin. Joplin had missed his previous six shots before that point.

Two big runs defined the first half of this content. An 11-0 Pirates run tied the game at 16 early on and then Marquette was able to give themselves a cushion for the time being with a 13-1 run, going up 34-20.

Seton Hall has now lost their first three games in Big East play. During the first half, the FS1 broadcast played audio of head coach Shaheen Holloway during a timeout telling his team “there’s no sense of urgency with this team. It’s not okay to play the way we’re playing.”

Next up for Marquette is a trip to Villanova on Saturday and Seton Hall returns home to face St. John’s on Saturday as well.

–Field Level Media

Marcus Carr’s record night leads No. 6 Texas to big win


Marcus Carr tied a career high with 41 points and also tied a school record with 10 3-pointers as No. 6 Texas defeated Texas A&M-Commerce 97-72 on Tuesday in Austin, Texas, in the Longhorns’ final tune-up for Big 12 Conference play.

Carr was the story in the first half, scoring 33 of his points and canning a career-high and school-record eight 3-pointers before halftime while outscoring Texas A&M-Commerce by himself.

Carr is the first Texas player to score at least 40 points in a game since Reggie Freeman racked up 43 in December 1996.

Freshmen Dillon Mitchell and Arterio Morris scored 16 and 12 points, respectively, in the Longhorns’ fifth straight win. Texas played its fourth game without coach Chris Beard, who is suspended indefinitely after being arrested on a felony domestic assault charge on Dec. 12.

C.J. Roberts led Texas A&M-Commerce (4-10) with 20 points, and Tommie Lewis added 19 off the bench. Kalen Williams and Demarcus Demonia scored 10 each.

The Longhorns (11-1) were up 14-5 after a three-point play by Timmy Allen at the 15:59 mark and then went nearly six minutes without scoring while allowing Texas A&M-Commerce to tie the game at 14-14. Texas missed seven shots and had four turnovers during that stretch, which ended when Allen’s second-chance jumper put the Longhorns back on top at 16-14.

The Longhorns eventually forged a 15-point advantage with 1:52 to play on Carr’s seventh 3-pointer and extended the lead to 47-29 at the break when he poured in his eighth with 41 seconds remaining.

Carr’s 33-point first-half output was the most in Texas basketball history for an opening half and tied a mark for any period, tying Jim Krivacs, who scored 33 points in the second half of a game in 1978. Carr was 8 of 11 on 3-pointers in the first 20 minutes and 11 of 15 from the floor.

Williams and Roberts led the Lions with six points each in the half.

The Longhorns stretched their lead to 32 points on Carr’s final two points, from the free-throw line, with 3:40 to play.

–Field Level Media

Notre Dame tunes up for ACC slate with win vs. Jacksonville


Marcus Hammond totaled 15 points, three rebounds and three assists to lead host Notre Dame to a 59-43 victory over Jacksonville on Tuesday night in South Bend, Ind.

In its final non-conference game, Notre Dame (8-5) had to overcome a poor offensive first half to snap a three-game losing streak before jumping into Atlantic Coast Conference play Friday against No. 14 Miami.

The Fighting Irish, who entered the game averaging 10.2 3-pointers per game, missed their first 12 attempts from that range and shot 29 percent (9-for-31) from the field on their way to a 21-19 lead at halftime. JJ Starling and Cormac Ryan each went 0-for-5 from the field in the first half and didn’t score.

Jacksonville (7-4) wasn’t much better though despite jumping out to a 14-7 lead after nearly nine minutes of play. The Dolphins shot 29.6 percent (8-for-27) and 3-for-9 from 3-point range in the first half.

Ryan finished with only six points on 2-of-9 shooting, but Starling bounced back with a strong second half and wound up with 11 points, eight rebounds and three assists.

Dane Goodwin had 12 points and hit Notre Dame’s first triple with under five minutes left in the first half.

The Irish shot 5-for-11 from beyond the arc and 51.6 percent overall in the second half.

Notre Dame won despite scoring under 60 points for the first time since Jan. 3, 2018.

A three-pointer by Kevion Nolan gave Jacksonville a 34-30 lead with 13:33 left in the second half, but Hammond answered 21 seconds later with a 3-pointer, and that led to Ryan’s first bucket followed by a free throw.

Notre Dame would use a 9-0 run to break a 36-all tie and would not trail again.

Defensively, the Fighting Irish did a solid job on Nolan, holding Jacksonville’s leading scorer (14.3 ppg) to nine points on 3-for-14 shooting.

Gyasi Powell led the Dolphins with 12 points while Omar Payne finished with 10 points and nine rebounds. Nolan had nine points and nine rebounds.

–Field Level Media

Texas A&M heats up after halftime to down Northwestern St.


Henry Coleman III scored a season-high 24 points and collected seven rebounds to help Texas A&M rally for a 64-52 victory over Northwestern State on Tuesday night in nonconference play at College Station, Texas.

Tyrece Radford added 21 points and matched his season best of 10 rebounds as Texas A&M (7-5) overcame a 15-point, first-half deficit to end a two-game skid.

Isaac Haney scored 16 points for Northwestern State (8-5), which lost its third straight game. Demarcus Sharp recorded 15 points, seven rebounds and six assists and Ja’Monta Black also had 15 points.

The Aggies were 21 of 27 from the free-throw line, while the Demons were just 3 of 9.

Texas A&M shot 42 percent from the field but was a shaky 1 of 12 from 3-point range. The Aggies owned a 45-30 rebounding advantage and held a 36-6 edge in points in the paint.

Northwestern State made just 30 percent of its shots and was 13 of 40 from behind the arc.

Radford scored the final basket of the first half and the Aggies followed with the initial nine points of the second half.

A basket by Coleman gave Texas A&M its first lead of the game at 34-33 with 18:11 remaining. Wade Taylor IV buried a 3-pointer to cap the run with 17:19 left and make it a four-point advantage.

Radford’s three-point play gave the Aggies a 42-36 lead with 15:59 to play before Haney and Black made 3-pointers to knot the score.

Radford scored another basket with 12:57 left to start a 10-3 run. Taylor capped it with two free throws to give Texas A&M a 52-45 lead with 11 minutes remaining.

Coleman’s putback pushed the lead to 58-48 with 4:35 remaining.

Jalen Hampton split two free throws with 3:11 left to end a Demons scoring drought of 6:28.

Dexter Dennis scored on an alley-oop dunk to give Texas A&M a 60-49 lead with 2:16 left. Twenty seconds later, Greedy Williams knocked down a 3-pointer to end Northwestern State’s string of 12 consecutive missed shots over 7:43.

Radford and Coleman scored layups as the Aggies took a 12-point lead and closed it out.

Haney (13 points), Black (nine) and Sharp (nine) combined for 31 first-half points as Northwestern State held a 33-28 lead. Coleman (16) and Radford (eight) scored 24 of Texas A&M’s points.

Sharp and Black made treys to cap an 8-0 burst as Northwestern State held its largest lead at 27-12 with 9:04 remaining in the first half.

–Field Level Media

Iowa, Nebraska in search of first Big Ten win


A pair of Big Ten teams searching for their first conference win hope to end the year on a high note when Iowa visits Nebraska on Thursday night in Lincoln, Neb.

Iowa (8-4, 0-1 Big Ten) has lost four of seven since a 5-0 start, dropping an overtime battle with Wisconsin in its conference opener. But the most recent result was the most disturbing, as the Hawkeyes lost 92-83 at home to an Eastern Illinois team that had only one previous victory over a Division I school.

“These games always have a different feel to them, right before Christmas,” Iowa coach Fran McCaffery said.

The Hawkeyes were missing senior guard Connor McCaffery, who was dealing with a hand injury, but he’s expected to play against Nebraska. The status is more uncertain for junior forward Kris Murray, who has missed the past four games with a back injury and was averaging 19.4 points and 10.1 rebounds before getting hurt.

Nebraska (7-6, 0-2) went into the holiday break with a 75-65 home win over Queens, snapping a three-game losing streak. The Cornhuskers are 5-1 at home, the only loss by three points in overtime to No. 1 Purdue on Dec. 10.

Five players scored in double figures for Nebraska against Queens, sticking with the season trend in which six guys are averaging between 9.4 and 14 points per game.

“That, ideally, is what needs to happen with our group,” Nebraska coach Fred Hoiberg said.

Iowa averages 83.8 points per game, which ranks 15th in Division I entering Tuesday, and plays at one of the fastest paces in the country. Nebraska has slowed down its tempo this season, resulting in only three opponents scoring more than 70.

The Hawkeyes hold a 24-13 edge in the all-time series, claiming the last four meetings including last February in Lincoln, but this will be only their second true road game of the season. Nebraska is trying to avoid an 0-3 start in Big Ten play for the third year in a row.

–Field Level Media

No. 1 Purdue gears up for Big 10 slate vs. Florida A&M


No. 1 Purdue will look to finish the 2022 portion of its season undefeated when it hosts Florida A&M on Thursday night in West Lafayette, Ind.

The Boilermakers (12-0) are in the top spot in the AP poll for the third consecutive week and face the Rattlers (2-8) in the final nonconference game for both teams.

Purdue will play only its second home game as the nation’s No. 1 team after a 74-53 win over visiting New Orleans last Wednesday.

The Boilermakers are the first Big Ten program since Indiana during the 1974-75 and 1975-76 seasons to hold a No. 1 ranking in two consecutive seasons.

“We get slighted at times,” Purdue coach Matt Painter said. “We don’t get covered like other people, and I love it because I don’t like the attention myself. I couldn’t care less. But from a program standpoint, it’s pretty cool.”

Purdue has remained consistent in recent weeks led by Zach Edey, who continues to have an All-American season at both ends of the floor.

Edey is averaging 22.6 points per game and is the main reason the Boilermakers lead the nation in rebounding margin at plus-12 per game. Edey leads the nation individually with 13.9 rebounds per game.

But the Boilermakers were forced to go without Edey, who was dealing with an illness in their game against New Orleans. Trey Kaufman-Renn picked up the slack with 24 points in 26 minutes.

“We’ve played him less minutes in some games that we’ve won pretty convincingly,” Painter said. “But for the most part, when he’s been out there, he’s done a great job with (not getting into foul trouble), so we haven’t had to do it. This was a great game, great experience.”

The Rattlers, who are wrapping up a three-game road trip, haven’t had much success in terms of wins and losses with only one victory against a Division I opponent (Albany State).

But Florida A&M continues to pick up valuable experience as it will face its third ranked opponent this season and eighth Power Five conference foe.

Florida A&M is coming off an 88-68 loss at Kentucky in its first trip to famed Rupp Arena. Before the Wildcats pulled away, they had to hold off a resilient performance from the Rattlers, who used a 14-0 run to cut Kentucky’s second-half lead to 69-62.

“To just get back into the game in a situation that could have resulted in a blowout, to get it to 10 at the half and then eventually got it to seven a couple of times in the second half, I felt really good about the way we played,” Florida A&M coach Robert McCullum said.

“Kentucky is bigger and a more experienced team, but I’m pleased with the way our guys fought and got back into the game.”

Florida A&M shot 52 percent overall and hit 9 of 16 3-pointers while also going 7 of 8 from the free-throw line.

Jaylen Bates led Florida A&M with 21 points and Dimingus Stevens had 13 points off the bench.

“This is clearly the best that we’ve shot it all year, and we thought we were capable of shooting it better than we have,” McCullum said.

–Field Level Media