Forkast
Crypto Trading and Strategies
Binance may have nixed the deal to bailout rival exchange FTX.com, but it could still gain a big chunk of FTX's business as investors flee the platform.
Dylan Butts
Regulation
US regulators the Department of Justice, the Securities and Exchange Commission and the Commodity Futures Trading Commission are probing beleaguered crypto exchange FTX.
Ningwei Qin
Altcoins
Binance cites due diligence on FTX books for pulling out of a deal to buy FTX.com, sending markets into a tailspin and leaving Bankman-Fried in need of another buyer… fast.
Ningwei Qin
Bitcoin News
Cathie Wood’s Ark Invest seized the opportunity provided by Wednesday’s market downturn to snatch a considerable chunk of Coinbase stock.
Oisin Mcilroy
NFT Marketplaces
The NFT ecosystem is doing better than what selective data would have us believe, writes Long Do of Anomura. But the sector should know that people want more than just a pretty picture.
Long Do
Bitcoin News
Just over 24 hours after news of Binance’s planned acquisition of FTX shook the crypto market, a reversal of that decision sent prices even lower.
Lachlan Keller
Regulation
The following is a running compilation of views and comments on Binance’s announcement that it will not go ahead with the acquisition of FTX.com.
Danny Park
Bitcoin News
Binance may scrap its proposal to acquire cryptocurrency exchange FTX, after examining FTX’s “internal data and loan commitments,” according to an unnamed source “familiar with the matter” cited by CoinDesk on Wednesday.
Pradipta Mukherjee
Regulation
The sudden downfall of top cryptocurrency exchange FTX will bring in more regulatory scrutiny and raise the difficulty of obtaining licenses around the world, Binance founder and chief executive Changpeng Zhao said in an internal note, which he shared with the public via Twitter on Wednesday.
Pradipta Mukherjee
Altcoins
FTX exchange sent Alameda Research 173 million FTT tokens on Sept. 28, worth US$4.1 billion at the time.
Zoltan Vardai
Altcoins
Singapore's state-owned investment firm Temasek is a shareholder in embattled cryptocurrency exchange FTX, which faces a possible takeover by bigger rival Binance
Ningwei Qin
Crypto Trading and Strategies
Commonly known as "CZ," the Chinese-Canadian founder of Binance appears to have stolen Sam Bankman-Fried's shine, coming out of the FTX acquisition with the most to gain.
Dylan Butts
Bitcoin News
Binance, the world’s largest cryptocurrency exchange, has raised its emergency insurance fund “SAFU” to US$1 billion equivalent in cryptocurrencies, founder Changpeng Zhao said in a Tweet on Wednesday.
Pradipta Mukherjee
Crypto Trading and Strategies
Large volumes of stablecoins moved out of exchanges, including KuCoin, OKX, Kraken, Huobi and Binance over the past week.
Timmy Shen
Investment Insights
FTX has invested in many projects through its FTX Ventures arm, contributing to two of the 10 biggest blockchain and crypto funding rounds in the industry. Here are the top five investments FTX has been involved in.
Oisin Mcilroy
Bitcoin News
Top blockchain and crypto news: FTX concedes defeat in long battle with Binance. Crypto eyes Congress races. Hong Kong U-turns on digital assets.
Forkast.News
Altcoins
Bitcoin recovered slightly in Wednesday afternoon trading in Asia after hitting a year-low of US$17,604 this morning amid news of Binance’s takeover of the FTX exchange following speculation of solvency issues at FTX, although several coins extended their declines.
Oisin Mcilroy
Altcoins
“Pharma bro” Martin Shkreli has tried to reassure Terra chief Do Kwon that life in jail is “not the worst”, while they discussed the Binance-FTX deal on the UpOnlyTV podcast.
Danny Park
Regulation
Binance chief executive officer Changpeng Zhao already runs the world’s largest cryptocurrency exchange so just what are his ambitions?
Lachlan Keller
Altcoins
Binance steps in with deal to buy FTX.com, but with so many moving parts to consider how messy could this pending acquisition get?
Dylan Butts
