Why Coinbase Won’t End Up Like FTX: Brian Armstrong
Coinbase CEO Brian Armstrong argued on Tuesday that his exchange isn’t vulnerable to the sort of fallout suffered by FTX this week. He said the “event” surrounding FTX appears to…
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Binance Will Stay in the Free Market, Says CZ After Rejecting Alameda’s Offer
Fears of a Terra-style debacle have seeped into the crypto market as the Binance-FTX drama continues. Binance CEO CZ made headlines by announcing plans to liquidate entire FTT holdings gradually…
$640 Million Liquidated Amid Binance-FTX Fiasco, FTT Drops Below $10
Over $640 million in trades have been liquidated from crypto markets in the aftermath of FTX’s drama with Binance. Markets experienced a brief rally after Binance announced its intention to…
SBF Breaks Silence, Confirms Binance Will Acquire FTX
Amid massive uncertainty surrounding FTX and its ability to process withdrawals, the exchange’s CEO Sam Bankman-Fried (SBF) has announced that the company is being sold to Binance. Binance CEO Changpeng…
Market in Shambles as FTX Withdrawal Uncertainty Runs Rampant
Crypto markets are retracing in the wake of looming uncertainty about the state of FTX’s financials. Reports are mixed about whether the exchange is able to process withdrawals, with some…
BitDAO Asks Alameda For Proof of Funds Amid Sudden BIT Dump
BitDAO may terminate its token swap and hold agreement with quant crypto trading firm Alameda Research. This follows fears that Alameda may have dumped 100 million BIT tokens. BitDAO has…
Almost $400 Million in Liquidations as BTC Drops Below 20K
Despite the rally during the past couple of weeks, the cryptocurrency took a beating today. Bitcoin’s price plunged by more than 5%, dropping $20K. The total liquidations on a 24-hour…
FTX Stablecoin Reserves Dwindle After Binance Promises to Sell FTT
Crypto exchange FTX is rapidly losing stablecoin liquidity after Binance CEO Changpeng Zhao (CZ) announced his company’s full exit from its FTT position on Sunday. ETH withdrawals from FTX have…
Sam Bankman-Fried Responds to CZ, Says FTX is Fine
Sam Bankman-Fried, CEO of FTX, has come out to allay fears about the state of the crypto exchange’s finances. Bankman-Fried said the platform has excess cash and clients’ funds are…
FTT Drops 10% After Binance Vows to Dump Its Entire Stash of 23 Million FTX Tokens
In a quick-paced turn of events over the weekend, Binance CEO Changpeng Zhao announced that his company would liquidate all FTT holdings given the “recent revelations.” The statement made FTT…
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