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Markets

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Alameda Thanked for ‘Prompt Response’ in Transferring $37M of BitDAO Tokens

The community behind BitDAO earlier feared that Sam Bankman-Fried's crypto trading firm might liquidate some of its token holdings as speculation sends prices plunging for the related FTX exchange's FTT tokens.

(Yuichiro Chino/Getty Images)

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Binance Exchange's BNB Token Leads Broad Crypto Rebound After FTX Bailout Offer

The exchange token used within the Binance trading environment jumped 20%, leading a broad rebound in crypto markets that had been in free fall over acute speculation that the rival FTX exchange might be facing a rapid run on deposits.

BNB, Binance's token, jumped to as high as almost $400 to the news that Binance and FTX reached a deal. (TradingView)

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Abracadabra's MIM Stablecoin Briefly Lost Dollar Peg as FTX's FTT Token Tanked

FTT is the largest collateral backing MIM, accounting for 33% of the total collateral locked in Abracadabra's "cauldrons."

(CoinGecko)

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Bitcoin, Ether Slide as Protective Puts Draw Demand Amid Sell-Off in FTX's Token

Options market tied to bitcoin and ether shows renewed bias for puts, perhaps a sign of investor fears the FTX-Alameda drama may bring another market-wide crash.

Bitcoin's price drops as FTT hits the lowest since February 2021. (Highcharts.com/CoinDesk)

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FTX Token Plummets on Withdrawal Concerns as Contagion Hits Broader Crypto Markets

The FTT price has declined nearly 14% over the past 24 hours, with Solana's SOL and Serum's SRM taking losses along with bigger cryptocurrencies like bitcoin and ether.

(CoinDesk)

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Market Wrap: Solana Plunge Highlights Major Cryptos’ Day in the Red

The native token of the Solana protocol recently fell over 6%; bitcoin and ether dropped more modestly as investors await the midterm elections and latest inflation data.

Ether has fallen below a key bull market trendline.  (Eva Blue/Unsplash)

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FTX/Alameda Questions Hold the Spotlight as US Midterm Election, Inflation Data Loom

A drop below $22 could mean a more significant ride down for FTT.

FTX CEO Sam Bankman-Fried (Craig Barritt/Getty Images)

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Solana Falls and Speculation Centers on Links to Sam Bankman-Fried’s FTX, Alameda

The SOL token fell 4.7% in the past 24 hours, and crypto traders are forming all sorts of theories as to why.

(Danny Nelson/CoinDesk)

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Here’s What Crypto Traders Expect From the Midterms

Republicans are increasingly confident they will take control of the U.S. Congress and it could be bullish for crypto, according to some analysts and traders.

The U.S. Capitol (Nikhilesh De/CoinDesk)

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First Mover Americas: Binance Dumps FTT Tokens

The latest price moves in crypto markets in context for Nov. 7, 2022.

Binance CEO Changpeng Zhao at Consensus Singapore 2018 (CoinDesk)