⏺#news ⏺
📝 FTX and related companies filed for bankruptcy.
💰 Alameda has $10-50 billion in assets and liabilities.
👣 FTX's head of institutional sales resigned and spoke about FTX's financial situation.
👂 The SEC chairman helped FTX work on legal loopholes to gain a regulatory monopoly, said U.S. Congressman Tom Emmer.
❌ Cyprus suspended FTX's license because of a liquidity crisis.
🌚 Cryptocurrency lender BlockFi suspended withdrawals because of FTX.
❄️ The Bahamas froze FTX assets.
‼️ The SEC began investigating Sam Bankman-Fried for securities violations.
⛔️ U.S. lawmakers called for tighter regulation of the crypto industry because of the FTX collapse.
💶 Tether released a new USDT security audit report. Stablecoin has returned its peg to the dollar.
⏺#news⏺
📊 Bitcoin renewed its all-time high exactly one year ago, on November 10, 2021. Yesterday it hit another bottom at below $15,600.
📉 Arthur Hayes expects SOL at $3, BTC at $10,000-15,000, ETH at $750-1,000.
🔍 Crypto-asset prices exactly one year ago, November 10, 2021. .
❌Binance refused to buy FTX, but Sam still has hope of raising capital.
💸 FTX has an $8 billion deficit. Without an outside infusion, there is no way to save the exchange.
💫 FTX transferred at least $4 billion to Alameda.
🤝 FTX turned to American Kraken for help.
⚡️ U.S. inflation was 7.7% (y/y).
🔶 Binance published its reserves - there's about $70 billion in crypto assets.
💶 USDT was losing its peg to the dollar today amid rumors of a USDT short by Alameda.
💲 Tether froze 46,360,701 USDT FTX at the request of law enforcement.
⛔️ Alameda Research is winding down trading, Sam Bankman-Fried said. He also admitted defeat in the fight with CZ.
👀 FTX began processing withdrawal requests, network data shows.
⚡️ Binance backs out of FTX deal - WSJ
"We had hoped we could support FTX customers, but the problems are beyond our capabilities," Binance said.
UPD: Binance's official comment:
💬 "After due diligence and recent news about misuse of customer funds and a U.S. investigation, we have decided that we will not buy FTX."
#news
❌ Binance is leaning toward not buying FTX. Bitcoin reacted by updating the bottom: falling below $17,000.
✅ Changpeng Zhao said that Binance did not plan to take over FTX, everything happened spontaneously. He also said that the exchange added to its SAFU insurance fund to the equivalent of $1 billion.
🤔 Why did FTX/Alameda start having problems? This is the version that emerged.
👻 SOL is in trouble because of FTX/Alameda.
⛔️ Crypto․com suspended USDC and USDT deposits and withdrawals on the Solana network.
💬 Coinbase, Circle, Tether and others spoke about the limited impact of FTX on their business.
💠 Following Binance Huobi, Bitget, Gate, OKX, KuCoin and Poloniex said they would publish their reserves to increase transparency.
🚧 Sam Bankman-Fried fell off the billionaire list after his estimated personal fortune dropped 94% from $15 billion to $990 million in one day.
🌚 U.S. regulators are investigating the FTX empire, looking into its handling of client funds and lending.
🌪 The U.S. Treasury Department has linked the Tornado Cash mixer to North Korea's nuclear program.
👣 Meta is cutting staff by 13% - that's over 11,000 employees.
🦊 Metamask launched a crosschain bridge aggregator.
⚡️ Breaking: CZ said 💰 #Binance is intending to fully acquire 💰 #FTX, because FTX is asking for help.
Читать полностью…⏺ #news ⏺
⚡️ FTX is facing a liquidity crisis and has asked Binance to help. Binance plans to buy FTX.
💸 FTX has withdrawn $6 billion in the last 72 hours. withdrawals have been suspended.
👣 M2E game developers EZZY poured EZY token into PancakeSwap and poured $100,000 worth of liquidity. Now the free tokens received can be sold.
⚠️ The BitDAO community accused Alameda of pouring BIT tokens contrary to agreements, but the market maker proved that he did not sell them.
🥉 Binance strengthens its dominance.
🔶 Binance will start confirming reserves soon.
💫 Bitmex will launch trading of its BMEX token on Friday.
📈 One of the largest market makers, Cumberland, believes an uptrend is emerging in the crypto market.
☝️ There was also more news about FTX during the day, but after the release of information about the purchase of the exchange by Binance, they became irrelevant.
❌U.S. authorities in November 2021 seized 50,676 BTC ($3.36 billion at the time) linked to the Silk Road
This was disclosed by prosecutor Damian Williams.
Recall that Silk Road was the first major darknet marketplace where illegal goods were traded for bitcoins. These ≈50,000 BTC were stolen from the site 10 years ago.
⏺ #news
❗️Binance is dumping FTT tokens (FTX exchanges). Alameda offered to buy back tokens at $22.
😅 After CZ announced the sale of FTT, rumors about FTX insolvency started and users started to withdraw assets from the exchange.
🤝 CEO of FTX reassured users, noting that there is money. He also urged CZ to cooperate.
😀 Binance is not at war with FTX, said the exchange's co-founder Yee He.
💎OpenSea unveiled a set of online royalty charging tools.
📂Buterin unveiled a new Ethereum roadmap.
⏳ Solana may become an EVM-compliant blockchain.
📝 The Central Bank published a report on DeFi.
🪙 U.S. authorities seized 50,676 BTC ($3.36 billion as of November 2021) linked to Silk Road
⚪️ Meta prepares to layoff thousands of employees this week.
Meta intends to cut thousands of employees in the second week of November, the Wall Street Journal reported, citing people familiar with the matter.
With over 87,000 employees at Meta, the layoffs could stand to be some of the largest employee reductions at a big tech firm.
Meta has uniquely struggled to make its metaverse-focused business model take off — after doubling down on its metaverse effort since October of 2021. Meta’s metaverse arm Reality Labs saw a loss of $3.7 billion in this year’s third quarter, with a year-to-date loss of $9.4 billion.
⚫️ Circle will bring Euro Coin $EUROC and a cross-chain transfer protocol to Solana in early 2023.
Читать полностью…📲Pre-production Solana phone to ship to developers in December.
Pre-production versions of the Solana phone will be shipped to developers from Dec. 15, as the phone gears up for introduction in early 2023.
Around 3,500 developer-focused kits have been manufactured and are boxed up, according to an update at Breakpoint, Lisbon. The last hurdle is the release software that’s going through final testing.
⚠️The phones will let developers in the Solana ecosystem test decentralized applications for the Solana dApp store. They will also let developers try out the Solana Mobile Stack and the Seed Vault, the way the phone stores private keys.
📝Vitalik Buterin published an update to the Ethereum roadmap
From what has been implemented: hash trees.
Plans: fully SNARK-enabled Ethereum, The Scourge (ensuring reliable and honest, reliably neutral inclusion of transactions, solving MEV issues), completion of one slot as a milestone of the second phase of The Merge, more explicit role of quantum protection as a necessary component of the "endgame" protocol
#Bitcoin miners in trouble
- Compute North
- Core Scientific
- Argo Blockchain
- Iris Energy
⏺#news
🥇 Hyperbitcoinization is a few years away, Samson Mou said.
✨Bybit refused to ban Russians.
📈 Bitcoin rose above $21,000 amid the release of good US unemployment data.
🙃 Do Kwon manipulated the price of LUNA and also gathered to hold a conference with police officers from around the world.
❌ Twitter suspended development of a cryptocurrency wallet.
💸 Coinbase posted a loss of $545 million in the third quarter.
🔶 Binance is looking for new projects for Launchpad and Launchpool.
🌚 pNetwork developers created billions of GALA tokens and withdrew liquidity in BNB at PancakeSwap to prevent an attack.
⚡️ JUST IN :
👀 Bankman-Fried apologizes, says FTX has more assets than client deposits.
Tether Begins Freezing FTX USDT at the Request of Law Enforcement While Investigations Occur: Tether Exec
🤡SBF: Alameda Research Is Winding Down Trading
🤨FTX started processing withdrawal requests, network data shows
UPD: The cryptocurrency community notes that withdrawals are not going to everyone, but only to new addresses or hot addresses at Binance, OKX and Bitfinex.
⚡️⚡️ Binance is inclined to back out of the FTX purchase
According to a source familiar with the matter, BInance wants to back out of completing the deal after conducting a review of FTX's internal data and credit obligations.
❗️News from June 29:
FTX CEO Sam Bankman-Fried predicted the collapse of a number of crypto exchanges
💬"There are some tier 3 exchanges that are already insolvent. But the public doesn't know that yet," he said.
No comment.
🇺🇸 Department of Justice seizes $3.36 billion Bitcoin in connection with the Silk Road fraud, the largest crypto seizure ever.
In November 2021, Law Enforcement Seized Over 50,676 Bitcoin Hidden in Devices in Defendant JAMES ZHONG’s Home; ZHONG Has Now Pled Guilty to Unlawfully Obtaining that Bitcoin From the Silk Road Dark Web in 2012
🤪Binance is not waging war with FTX, said the exchange's co-founder Yee He
The decision to sell FTT is purely due to a desire to reduce risk. It has nothing to do with a "war," she said.
Sentiment spoils your celebration of life with its hints: Today #Ethereum jumped to a 7-week high of $1,674, and several #altcoin rose to summer price levels amid Friday's strong market surge.
The crowd dictates prices, and the current overly euphoric sentiment may portend a cooling off.
🔵 Browser wallet Zerion is preparing to push MetaMask.
Cryptocurrency wallet Zerion has launched a browser extension that is currently in beta testing. The advantage of Zerion is that it allows users to see all their tokens from multiple blockchains in one place.
The web extension is currently in closed beta testing and is expected to be launched by the end of November.
⚠️According to a statement at Breakpoint in Lisbon, Portugal, the web extension supports multiple seed phrases and has been audited by three security companies.
🇨🇳 The Chinese government has become one of the largest bitcoin kits in the world
📊The head of Korean analytics company CryptoQuant Ki Young Ju drew the attention of the cryptocurrency community to the little-known fact that the Chinese government leads the ranking of the most influential bitcoin whales in the world. In doing so, its BTC reserves are almost 1.5 times larger than those of Michael Saylor's MicroStrategy.
💰Ki Yong Ju reported that Chinese authorities transferred to the national treasury 194,000 BTC seized as a result of the 2019 PlusToken fraud. By comparison, MicroStrategy owns 130,000 BTC. According to court documents, in 2020, Chinese police detained more than 100 suspects in the PlusToken cryptocurrency pyramid scheme and seized $4.2 billion worth of crypto assets from the organizers.
👴 The U.S. has allowed retirement money to be converted into cryptocurrency
ForUsAll, a leading provider of retirement services for small businesses, announced that 50 companies are working with the Alt401(k) system, which allows employees to invest retirement money in cryptocurrency. The Wall Street Journal reported the news.
ForUsAll Inc. said 50 of its 550 customers began allowing employees to invest a portion of their retirement savings in cryptocurrency, including bitcoin and ether about eight weeks ago.
⚠️According to ForUsAll CEO David Ramirez, about 300 of the 2,500 employees who are allowed to invest in cryptocurrency through the fund's pension plans are doing so. He also expects 100 more companies to add the option by the end of the year
📉 NFT trading volume falls for sixth month in a row
Collectible tokens were sold for $460 million in October. Compared to a record $4.7 billion worth of non-exchangeable tokens sold in January 2022, trading volume is down 90%. According to Yehudah Petscher, NFT strategist at CryptoSlav, the drop in volume is due to market uncertainty.
🔥At the same time, according to the analyst, the prolonged bearish trend on the crypto market may force the developers of various projects to create something new and develop the ecosystem of collection tokens, and look for them more realistic application than just speculation.
Will Weinraub, CEO and co-founder of OnChain Studios, said earlier that NFT projects need to think through and prove practical value for their successful development.
🔔Sentiment: #Litecoin is currently on a good run and has temporarily separated from the cryptocurrency pack.
We can see that the number of addresses with 1,000 or more $LTC is skyrocketing since mid-June, and the price of $LTC vs. $BTC is up +51% since June 12.