Bitcoin options data shows sub-$17K BTC price gives bears a $200M payday on Friday
BTC bears are set to profit from this week's $710 million options expiry, which could be used to add further sell pressure to Bitcoin price.
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New tool mirrors Optimism NFTs to Ethereum mainnet for use in verified apps
NFTs from Layer 2 were not previously recognizable to apps like Twitter.
LayerZero Labs bought back its stake from FTX Ventures and Alameda
The protocol announced an agreement to buy out 100% of FTX Ventures’s and Alameda Research’s equity position.
FTX US resigns from the Crypto Council for Innovation
“The news this week has been shocking, but we’ve also seen the community come together,” said CCI CEO Sheila Warren.
82% of Tether reserves held in ‘extremely liquid’ assets, according to attestation
The USDT issuer had total assets of $68.06 billion at the end of the third quarter, exceeding its total liabilities of $67.8 billion.
Why is the crypto market up today?
Bitcoin and the wider crypto market bounced higher today, but with the FTX drama in the forefront, investors are skeptical on whether the bullish momentum will hold.
Republican lawmaker claims SEC chair was coordinating with FTX 'to obtain regulatory monopoly'
Minnesota Representative Tom Emmer did not provide any evidence to his claim Gary Gensler was "helping SBF and FTX work on legal loopholes," but said he was looking into the matter.
The Clearing House stands up for bank rights, opposes CBDC in comments for US Treasury
The payments operator responded to a Treasury inquiry related to the presidential executive order with an appeal to keep bank interests in sight when designing digital assets.
‘Thank God’ El Salvador doesn’t have any Bitcoin on FTX, CZ clarifies
The Binance CEO added that the amount of misinformation going around now is “insane.”
US lawmaker warns of ‘major consequences’ for users of unregulated crypto firms, citing FTX
“FTX’s FTT tokens are now worthless, and even worse, FTX.com customers are completely unable to access their funds,” said Maxine Waters.
Breaking: FTX appears to have resumed withdrawals, blockchain data shows
Transactions appear to be leaving the FTX hot wallet at a rate in the single digits per minute.
Japan’s financial regulator requests FTX Japan halt operations
Under the orders, FTX Japan will be required to suspend OTC derivatives transactions and related margins as well as new deposits from Nov. 10 to Dec. 9 unless the FSA steps in.
Report: Tether freezes $46M of FTX's USDT on Tron blockchain, setting new precedent
Tether has thus far only frozen USDT funds held in private wallets when requested by law enforcement.
Bitcoin price gains $1K in minutes as CPI data deals DXY fresh 2% dip
Wild volatility continues for Bitcoin and altcoins as the lowest CPI readout since January pummels the dollar.
Sam Bankman-Fried apologizes for FTX liquidity crisis: ‘I fucked up twice’
According to the FTX CEO, Alameda Research was also “winding down trading” but United States-based exchange FTX US “was not financially impacted” by recent events.
Maintaining decentralization: Are custody services a threat to DeFi protocols?
DeFi ecosystems try to live up to crypto’s decentralized ethos, but single-token governance protocols could prove a challenge.
Binance shares wallet addresses and activity after proof of reserve pledge
Days after CZ took to Twitter to announce a new proof-of-reserve system for Binance users, the site went live with public details of its wallet addresses and on-chain activity.
Claims and rumors fuel crypto market turmoil amid FTX collapse
A report from Reuters claimed that FTX used some of its customer deposits to support Alameda Research.
Analysts urge calm as Tether depegs from USD, Bitcoin loses $17K rebound
Tether follows TRON's USDD stablecoin in coming unstuck amid suspicions of shorting involving FTX and Alameda Research.
Tron's stablecoin USDD loses dollar peg on suspected selloff by Alameda Research
Wallets associated with Sam Bankman-Fried's Alameda Research could be behind the dollar de-peg, alleges Tron's founder.
Ledger hardware wallets hit by the FTX earthquake, CTO says
Some Ledger users weren’t able to process withdrawals using Ledger Live on Wednesday, according to social media reports.
Unclear regulations drove 95% of trading activity offshore: Coinbase CEO
The U.S. regulators are currently investigating FTX.US, Coinbase and Binance in the wake of the collapse of the FTX global crypto exchange.
Grayscale Bitcoin Trust closes with 41% premium lost amid FTX meltdown
On Nov. 9, the GBTC closed at a record discount of 41% with a one-share price standing at $8.76.
Bitcoin miners ‘next trigger’ for BTC price crash as outflows hit multi-month highs
Miners face an impossible situation if prices stay this low, which could result in a sell-off accompanied by a BTC price macro low.
OpenSea to enforce creator royalties on all collections after community outcry
The NFT marketplace has clarified its stance on creator royalties after receiving significant public backlash from an earlier post.
Sequoia Capital marks down entire $214M FTX stake to zero
The venture capital firm assured partners it ran a rigorous due diligence assessment when it invested in FTX, finding the exchange to generate $1 billion in revenue and $250 million in operating income.
‘Twitter will do lots of dumb things’ in the coming months: Elon Musk
Twitter's new owner says they'll be throwing a heap of new ideas at the platform over the coming months.
Crypto.com commits to proof-of-reserves after halting certain deposits and withdrawals
"We share the belief that it should be necessary for crypto platforms to publicly share proof of reserves," the Crypto.com CEO said.
FTX and Binance’s ongoing saga: Everything that’s happened until now
The story between cryptocurrency exchanges Binance and FTX has quickly unfolded and caused havoc in the crypto market, here’s a breakdown of where it began and where it is now.
SBF tells investors FTX needs $8B in emergency funding: WSJ
According to reports, FTX CEO Sam Bankman-Fried asked investors for emergency funding to cover an $8 billion shortfall during a Nov. 9 investors call.