Gaming
Bear Market
BlockFi has ‘significant exposure’ to FTX, denies talk of majority of assets being custodied at FTX
Despite denying allegations that most of its assets are on FTX, BlockFi admitted that it has significant exposure to FTX.
Bankruptcy
Crypto asset management firm Ikigai ‘caught up in the FTX collapse’
The firm will continue to trade assets that are not trapped on FTX, despite uncertainty regarding the "timeline and potential recovery for FTX customers."
Bear Market
Bitcoin miner Canaan seeks to expand operations despite decline in Q3 revenue
Despite a 71.7% decline in net income, Canaan's mining revenue rose 1,002.7% to $8.7 million.
Research
Ethereum becomes most deflationary in history as activity spikes amid FTX collapse
Inflation has fallen to -0.032/year, according to Ultrasound money, suggesting that the network is currently burning more Ether than it is minting.
Bankruptcy
SkyBridge founder plans to buy back 30% stake FTX, appeals to SBF to come clean
FTX Ventures purchased 30% of SkyBridge in September, providing capital for SkyBridge to expand, develop new products, and introduce cryptocurrencies.
Crypto
BlockFi halts withdrawals amid FTX crisis, Genesis Trading, Crypto.com emphasize transparency
BlockFi said it is halting withdrawals due to the lack of clarity on the FTX issue.
Bankruptcy
FTX reaches out to Kraken for help as it scrambles for $9.4B bailout; Alameda owes exchange $10B
The latest development emanates after the CEO of the cryptocurrency exchange, Sam Bankman-Fried, said he's working on emergency moves to raise funds
Bankruptcy
Binance-FTX deal reportedly scrapped without FTX.US on table; legal, compliance teams quit
A source claims that Binance won't consider the deal for FTX's standalone operations due to the Federal Trade Commission opening an investigation into FTX this morning
Bankruptcy
‘Do not view it as a ‘win’ for us’: Binance’s CZ says on FTX acquisition
The CEO of Binance confirmed that the announcement of FTX's acquisition was not pre-planned and that he was unaware of the company's internal state.
Bear Market
Binance to start proof-of-reserves; CZ proposes all crypto exchanges follow suit
CZ also suggested that all cryptocurrency exchanges do merkle-tree proof-of-reserves. According to the CEO, fractional reserves are suited to traditional banks and not crypto companies.
DEX
BNB surges 20% in 2 hours after news of Binance’s planned acquisition of FTX, but plummeted later
Based on the current FTX situation, the Binance CEO also predicted that FTX's FTT would be extremely volatile in the near future.
Exchanges
Over $360M Bitcoin leave FTX in 2 days, marking 10th largest withdrawal in 2022
Following Binance's CEO's announcement that Binance will liquidate its FTX native token FTT, there has been a massive sell-off.
