Bitcoin sinks to new yearly low at $16.8K as FTX insolvency fears turn into contagion
BTC and altcoins continue to sell-off, hitting new yearly lows as the collapse of FTX begins to drastically impact investors across the entire crypto market.
Auto Added by WPeMatico
SBF tumbles off Bloomberg’s billionaire index after trouble at FTX
Sam Bankman-Fried no longer ranks in the top 500 on Bloomberg’s billionaire index, but CZ remains at rank 87.
FTX Token, BNB and Solana soar after Binance CEO inks potential deal to acquire FTX
SOL and FTX Token saw a sharp rebound after headlines that Binance would acquire FTX due to liquidity issues, but will the upside last?
FTX Binance Fallout: Bitdao Community Asks Alameda Research to Respond to Token Dump Allegations
After the Bitdao token’s quickfire plunge on Nov. 7, members of the Bitdao community have asked Alameda Research to address rumors the principal trading platform has dumped Bitdao’s BIT tokens.…
Binance CEO not interested in Alameda’s offer to buy up its FTT holdings
CZ signaled that he isn’t interested in an offer from Alameda to buy out Binance’s FTX Tokens saying they’d rather “stay in the free market.”
SBF has been a ‘significant donor’ in the US midterm elections
The FTX founder has reportedly spent almost $40 million mainly supporting Democrats during the current political cycle, according to Open Secrets.
Binance to liquidate its entire FTX Token holdings after ‘recent revelations’
Binance CEO Changpeng Zhao cited “recent revelations” as the reason for the liquidation, noting the sale of its tokens could take months to complete due to the size of its…
Is Crypto Whale Alameda Research in Financial Trouble?
According to new reporting, Alameda Researchs balance sheet was largely composed of illiquid FTT and SOL tokens last summer. This development casts doubt on the firms ability to repay its...
Bankman-Fried ‘100%’ supports knowledge tests for retail derivatives traders
The FTX founder said a knowledge test for derivative retail customers “could make sense” but it doesn’t need to be specific to crypto.
Crypto conspiracy theories abound, but prop traders are just doing its job
FTX founder Sam Bankman-Fried and Alameda Ventures made recent headlines for bailing out a handful of CeFi crypto platforms this week, but what exactly do market makers do?