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Breaking news 🔥
"J.P. MORGAN WALLET" is now a registered trademark for #Bitcoin and crypto services:
✅ Virtual currency transfer
✅ Exchange
✅ Payments
✅ Checking accounts
✅ Financial services
Following the collapse of FTX, #Bitcoin investors have been withdrawing coins to self-custody at a historic rate of 106k $BTC/month.
This compares with only three other times:
- Apr 2020
- Nov 2020
- June-July 2022
Binance pauses FTX token deposits following "suspicious movement" of $407 million $FTT by the contract deployers.
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The chief security officer of Kraken says that they know the identity of the person who moved $600M out of FTX last night 👀
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FTX's bankruptcy process appears to be starting as funds from both international and US wallets are being sent to 0x59abf3837fa962d6853b4cc0a19513aa031fd32b
Breaking: FTX filed for bankruptcy. Sam Bankman Fried resigns 🆘
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🚩Reminder: US CPI Inflation data will be coming up today 10th November at 8:30 AM EST.
Volatility is coming. Stay safe ❗️
CoinDesk: Binance is highly unlikely to go through with its proposed acquisition of FTX after less than a day of reviewing the company, according to a person familiar with the matter.
Source
I see a few people saying that $USDT is depegging but that's not true. Data displayed on Coinecko is lagging. Be careful and check the authenticity in this chaotic market.
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Solana Whale (3oSE9CtGMQeAdtkm2U3ENhEpkFMfvrckJMA8QwVsuRbE) is in liquidation and currently has 2,450,418.5 $SOL (worth over $51 million) in collateral and 44,871,609.6 USDC in debt. However, Solana is currently facing congestion due to the update of the oracle.
If $FTT follow $LUNA that would be very very bad for the crypto industry!
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🔥SBF: We Have Come to an Agreement on a Strategic Transaction With Binance for FTX.Com
Link details
#Bitcoin Long-Term Holders are currently experiencing acute financial stress, holding an average of -33% in unrealized losses.
This is comparable to the lows of the 2018 bear market, which saw a peak unrealized loss of -36% on average.
Binance is setting up an industry recovery fund to help projects affected by the FTX mitigate its negative impacts 🤝
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Binance Will Delist FTT Margin Pairs, USDⓈ-M Futures Contracts and Binance Flexible Products
Link details
$FTT tokens seems to be increasing in supply (+196m additional $FTT) and looks like currently is 1.5x of its current circulating supply which were not supposed to be legally unlock today.
Everything is fishy. Stay Safe ⚠️
FTX had a “backdoor” built into its accounting software by SBF, which he used to move billions without triggering alerts to other staff, auditors etc - Reuters.
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🆘 FTX has been hacked
Source: admin of FTX Community Chat
After FTX's collapse, DEXs could be the trend 👀
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Sam Bankman-Fried previously transferred at least $4 billion in FTX funds to support Alameda, including user deposits, Reuters reports.
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Sequoia's note about their investment (+$213M) on FTX.
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More and more people stop staking $SOL 🤨
Now 49,619,880 $SOL ($982M) will hit the market after 20 hours.
Meta to layoff more than 11,000 employees, 13% of its staff 👀
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Circle CEO Allaire calls FTX crisis crypto’s ‘Lehman Brothers’ moment.
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