Binance, OKX and Bybit suspend USDT and USDC deposits on Solana
The Solana cryptocurrency continues crashing amid the FTX crisis, plummeting 7% on the news of exchanges halting deposits in Solana-based stablecoins.
Auto Added by WPeMatico
The Solana cryptocurrency continues crashing amid the FTX crisis, plummeting 7% on the news of exchanges halting deposits in Solana-based stablecoins.
ETH price hovers at a key support level and while it is softening, data shows pro traders are reluctant to go short.
According to the blockchain infrastructure company Paxos, the firm has frozen 11,184.38 pax gold (PAXG) tokens held on the platform FTX.com. The regulated token issuer noted that it was directed…
Billionaire entrepreneur Elon Musk, who recently purchased Twitter in hopes of unleashing the platform’s full potential, acknowledged Twitter’s contribution in tracking down the FTX developments in real time.
The wallet address in question received funds from various international and U.S.-based wallets linked to FTX, which amassed over 83,878.63 ETH (worth over $105.3 million) in just two hours.
ETH price plummeted to a 4-month low at $1,070 after a wave of futures liquidations.
FTX won’t be getting a bailout from Tether who confirmed it isn’t planning to provide a cash injection despite the CEO reportedly reaching out to multiple firms for help.
Nearly all major stablecoins lost their dollar pegs amid the FTX saga, but most have recovered again as markets stabilize.
On Nov. 10, 2022, two reports said that FTX CEO Sam Bankman-Fried (SBF) is canvassing for emergency funds up to $9.4 billion for the embattled exchange. One report says that…
Centralized stablecoin issuer Tether has frozen funds belonging to FTX. Funds Locked According to data from Whale Alert, at least 46,360,701 USDT of FTX’s funds was frozen today at 14:11...