The Story of Sam Bankman-Fried’s Backroom Deal With Binance’s CZ
Binance, after exacerbating a bank run on rival crypto exchange FTX, offered to buy out the jewel in SBF's crown.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/BX3PUB7CBVE45B3UCAXD6MFAQM.jpg)
Sponsored
Nov 8, 2022 at 7:13 p.m. UTC
Nov 8, 2022
FTX
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/6P32X4MFAREHJFO25KND4GDOWQ.jpg)
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...
Sponsored
Nov 8, 2022 at 5:59 p.m. UTC
Nov 8, 2022
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/T4G3XGKR7JGN7I3U55NPNTDZ4Q.jpg)
FTX, Binance Deal Draws Antitrust Concern
Regulators have tough powers to stop mergers that quash competition
Sponsored
Nov 8, 2022 at 5:27 p.m. UTC
Nov 8, 2022
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/67JTSMVYGFBPRBNYDG3KXO5YCM.jpg)
Bitcoin, Crypto-Linked Equities Resume Falling Despite Binance/FTX Deal
Questions about the solvency of FTX were picking up speed on Tuesday morning until Binance announced a non-binding LOI to acquire the crypto exchange.
Sponsored
Nov 8, 2022 at 5:09 p.m. UTC
Nov 8, 2022
FTX Agrees to Sell Itself to Rival Binance Amid Liquidity Scare at Crypto Exchange
The two crypto exchange giants signed a non-binding letter of intent, Binance CEO Changpeng "CZ" Zhao confirmed on Twitter.
Sponsored
Nov 8, 2022 at 4:10 p.m. UTC
Nov 8, 2022
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/7TM6S46PIJDEJDXL7WEHF3R7NI.jpg)
FTX's Bitcoin Balance Plunges to Just 1
Roughly 20,000 bitcoin have been pulled from the crypto exchange in the past 24 hours, according to data from Coinglass.
Sponsored
Nov 8, 2022 at 4:01 p.m. UTC
Nov 8, 2022
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/DXU3EWYTARGMFCXOQQDHCOYKFA.jpg)
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."
Sponsored
Nov 8, 2022 at 12:54 p.m. UTC
Nov 8, 2022
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/GPAB5YG33RCLJOFGTNXPMEHN64.jpg)
BitDAO Community Asks Alameda for Proof of Funds After BIT's Sudden 20% Drop
The BitDAO community has said that it will vote on what to do with its FTT tokens if Alameda fails to provide evidence that it continues to hold BIT tokens as promised. Alamed...
Sponsored
Nov 8, 2022 at 6:16 a.m. UTC
Nov 8, 2022
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/OOAULYWNSZDFTOLFKWHEXFJGG4.jpg)
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.
Sponsored
Nov 8, 2022 at 5:18 a.m. UTC
Nov 8, 2022
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/UJH3OSMX6BBT3G7APQIQUIRU2I.jpg)
Sam Bankman-Fried No Longer a Billionaire After $14.6B Wipeout: Bloomberg
The FTX CEO lost an estimated $14.6 billion dollars – nearly 94% of his total wealth – according to the Bloomberg Billionaire Index.
Sponsored
Nov 8, 2022 at 5:00 a.m. UTC
Nov 8, 2022