Binance’s victory over FTX means more users moving away from centralized exchanges
Binance faces far less competition in the aftermath of FTX’s fall, but it still may not win a surge in new users. Go to Source Powered by WPeMatico
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Singapore’s Temasek engages with FTX in liquidity crisis
Temasek invested in a series of FTX’s round findings that led to its $32 billion valuation in January. Go to Source Powered by WPeMatico
Nexo dodges $219M bullet just days before FTX’s solvency crisis
The firm withdrew its remaining balance from FTX at the eleventh hour, and topped weekly fund outflows from the troubled exchange. Go to Source Powered by WPeMatico
Galaxy Digital discloses $77M exposure to FTX, $48M likely locked in withdrawals
The exposure amounts represents a small fraction of the firm’s $1.5 billion in liquidity. Go to Source Powered by WPeMatico
Bitcoin, Ethereum Technical Analysis: BTC at 2-Year Low, ETH Down 20% as FTX Turmoil Leads to Crypto Bloodbath
Bitcoin plunged to a two-year low on Wednesday, as the FTX token sell-off continued to weigh on cryptocurrency markets. After an initial 30% slide, FTX token fell by as much as 80%, as Binance confirmed its intention to absorb the failing exchange. Ethereum was also lower, dropping below $1,200. Bitcoin Bitcoin (BTC) fell to its … Read more
Not just FTX Token: Solana price nukes 40% along with other ‘Sam coins’
Cryptocurrencies exposed to Sam Bankman-Fried and his companies, Alameda Research and FTX, have dropped by an average of 40% this week. Go to Source Powered by WPeMatico
Alameda Research FTT token transfer from September fuels wild speculations
According to on-chain data, FTT token supply increased by 124.3% on September 8 when 173 million FTT tokens were created by a 2019 ICO contract, and Alameda was the recipient. Go to Source Powered by WPeMatico
Binance tops up SAFU fund at $1 billion amid price fluctuations
Binance CEO CZ took to Twitter to assure users that the crypto exchange’s insurance funds have been topped off at $1 billion as the debacle with FTX rages on. Go to Source Powered by WPeMatico
FTX-Binance standoff highlights the need for clear rules, says Sen. Lummis
Market manipulation, lending activity, and safeguarding of customer funds and assets are some of the many issues Senator Lummis plans to address in the coming days. Go to Source Powered by WPeMatico
FTX founder Sam Bankman-Fried removes ‘assets are fine’ flood from Twitter
Sam Bankman-Fried has deleted a Twitter thread where he tried to assure customers that FTX and the assets on the platform were “fine.” Go to Source Powered by WPeMatico
