Author: e_cash_top

—

by

[ad_1] The biggest news in the cryptoverse for Nov. 9 includes Binance’s decision to not move forward with the potential acquisition of FTX, Bitcoin’s retrace to $ 15,000 levels, and multiple stablecoins dropping below $1. CryptoSlate Top Stories Binance walks away from FTX deal, citing ‘mishandled customer funds,’ regulatory scrutiny Binance revealed its intent to…

Large short positions push Bitcoin toward $17k amid $861M in crypto liquidations

—

by

[ad_1] The second most significant short of the year has assisted in sending Bitcoin to $17k. Amid the turmoil in the crypto markets due to the uncertain future ahead for the FTX exchange, prices across the board tanked on Nov. 8. Capitilizating on the situation; short positions were opened up at a volume not seen…

Binance walks away from FTX deal, citing ‘mishandled customer funds,’ regulatory scrutiny

—

by

[ad_1] Binance has announced that it will not pursue its option to purchase FTX because of its due diligence and reports that a US agency was investigating the exchange over its handling of customers’ funds. As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged…

Binance’s CZ says on FTX acquisition

—

by

[ad_1] Binance CEO Changpeng Zhao(CZ) shared his views regarding the recent FTX debacle with the Binance community, stating FTX going down is not good for the industry as it will welcome tougher regulations around the globe. “Do not view it as a “win for us. User confidence is severely shaken. Regulators will scrutinize exchanges even…

Galaxy Digital reports $76.8M exposure to FTX

—

by

[ad_1] Galaxy Digital, one of the largest crypto financial services firms on the market, released its financial results for the third quarter of the year. The report revealed that the company has an exposure of approximately $76.8 million in cash and cryptocurrencies to FTX. Out of the $76.8 million, $47.5 million is currently “in the…

Tom Brady, Gisele Bündchen at risk of losing $650M investment in FTX

—

by

[ad_1] NFL football star Tom Brady and supermodel Gisele Bündchen staked their $650 million fortune in the now-beleaguered FTX crypto exchange during its bullish days. In June 2021, Brady and Bündchen each took an equity stake in FTX Trading Limited as part of a long-term partnership, according to Essentially Sports. The deal gave Brady an…

Alameda Research website goes private following FTX collapse

—

by

[ad_1] Alameda Research, the trading firm founded by FTX CEO Sam Bankman-Fried, has put its website into ‘private mode.’ The Squarespace-hosted website was updated on Nov. 9 to only be viewable to internal team members without any public announcement. Alameda Research FTX investment companies’ websites down SBF owned roughly 90% of the company as of…

Bitcoin options traders swing bearish as FTX fallout takes hold

—

by

[ad_1] Recent days have seen increased market volatility as the FTX saga blows up. Binance’s offer to buy FTX gives the beleaguered exchange a lifeline. However, as made clear by Binance CEO Changpeng Zhao (CZ,) the deal is subject to satisfactory due diligence. Crypto Twitter is awash with speculation that once FTX’s books have been…

Sources say Binance could scrap the deal with FTX

—

by

[ad_1] Binance’s market-altering deal to acquire rival FTX might not go through, sources close to the matter told CoinDesk. On Tuesday, Binance announced a non-binding letter of intent to take over FTX but noted that it needed to perform due diligence on the struggling exchange. Less than a day into the process, Binance is strongly…

Strengthening ties in a multi-chain ecosystem via message pigeons w/ Paloma Protocol – SlateCast #28

—

by