Crypto Valent 🌓

2022-11-11 23:10:13 Sam Bankman-Fried is seeking to put together a rescue package of up to $9.4 billion for his troubled cryptocurrency exchange FTX

Bankman-Fried is discussing raising about $1 billion from crypto-token Tron founder Justin Sun, $1 billion from cryptocurrency exchange OKX, $1 billion from cryptocurrency firm Tether and $2 billion from a consortium of investment funds, the source said.

The remainder would come from other investors, the source added. One of the investors in talks with FTX is Daniel Loeb's hedge fund Third Point, according to the source.

Bankman-Fried has had little progress so far in putting the rescue package together, according to the source. Yet he has resisted filing for bankruptcy and has refused to appoint restructuring advisers, the source said. The situation is fluid and the deliberations could quickly change, the source added.

https://www.reuters.com/technology/exclusive-bankman-fried-seeks-94-bln-package-ftx-rescue-sources-2022-11-10/ Aberto / Como

2022-11-11 22:14:34 Crypto lender BlockFi suspended withdrawals and will not be able to operate business as usual given the lack of clarity over the status of FTX.

https://www.theblock.co/post/185753/blockfi-suspends-withdrawals-after-ftx-collapse
https://twitter.com/blockfi/status/1590875997351866368

Info: @Cryptovalent Aberto / Como

2022-11-11 22:12:18 Japan regulator orders FTX local division to suspend operations.

https://twitter.com/watcherguru/status/1590722652154781696 Aberto / Como

2022-11-11 21:55:41 FTX has filed for bankruptcy. FTX CEO Sam Bankman-Fried resigned.

https://twitter.com/ftx_official/status/1591071832823959552 Aberto / Como

2022-11-09 22:42:32 Binance acquires FTX

CZ: "To protect users, we signed a non-binding LOI, intending to fully acquire FTX.com and help cover the liquidity crunch."
https://twitter.com/cz_binance/status/1590013613586411520

"Binance has the discretion to pull out from the deal at any time," he added.

Sam: "We have come to an agreement on a strategic transaction with Binance for FTX.com."
https://twitter.com/SBF_FTX/status/1590012126701441025

"Note that FTX.us and Binance.us–two separate companies–are not currently impacted by this. FTX.us’s withdrawals are and have been live, is fully backed 1:1, and operating normally," continued FTX founder.

After the news, BNB increased by ~10%. FTT price dropped to $12. Aberto / Como

2022-11-02 07:20:48 #BTC    closed 6% green on the month of October. Happy new month to all Aberto / Como

2022-11-02 06:49:42 Are you ready for moonvember? Aberto / Como

2022-11-02 05:53:13 ⁠Bitcoin resistance mounts pre-FOMC as Dogecoin sets 17-month BTC high

DOGE continues to outperform among major cryptocurrencies with macro volatility incoming thanks to the Fed.

https://ct.com/b3dl Aberto / Como

2022-11-02 05:53:12 Daily Digest (November 1, 2022)

MoneyGram just launched Bitcoin and crypto trading in the USA.
Stepn founders' bright idea for its new NFT marketplace: compulsory royalties.
Layer 2 solution Boba Network integrates with BNB Chain.
Nomura unit invests in Orderly Network's token round at $200 million valuation.
Stasis integrates euro-backed stablecoin with XRP Ledger.
Coinbase Ventures participates in $4.2 million funding round for NiftyApes.
Crypto exchange volumes hit 23-month low.
Web3 fund led by ex-Binance Labs executive Nicole Zhang lands $20 million.
GameStop officially launches NFT marketplace.
Elon Musk takes sole control of Twitter.

Info: @CryptoValent Aberto / Como

2022-10-22 21:53:47 Top Exchanges by Liquidations in last 7 Days

The vast majority of the casualties were #longs positions last days, with more than $600M liquidated in total.

1. Binance
2. FTX
3. OKX
4. Bybit
5. Huobi Global
6. Coinex
7. BitMEX
8. Deribit Exchange

Info: @CryptoValent Aberto / Como