Following the news that Binance will acquire the FTX exchange, the troubled FTT token popped 44% following a decline of 43% since Nov. 5. The native token of FTX fell over the weekend amid controversy around a potential insolvency issue at the exchange. News that Binance planned to sell over $500 million in FTT sent…
Sam Bankman-Fried, the founder and CEO of FTX and Alameda Research, confirmed the acquisition, saying that Binance has become the first and last investor in FTX. FTX has come to an “agreement on a strategic transaction” with Binance, SBF said but provided no time frame as to when the acquisition will be completed. SBF reiterated…
Sell pressure leads to Bitcoin breaking its local uptrend, building since Oct. 23. Support was found at $19,300, but downside fears are stoked as the feud between Changpeng Zhao (CZ) and Sam Bankman-Fried (SBF) continues. Source: BTCUSDT on TradingView.com On Nov. 6, CZ tweeted about recent revelations coming to light, leading to the decision to…
On-chain data has shown that FTX has stopped processing withdrawals for around two hours. According to data analyzed by CryptoSlate, the last outgoing transaction from FTX on Ethereum was recorded at around 6:18 a.m. EST. Etherscan showed no outgoing transaction from FTX’s address since then, further fueling rumors about the exchange’s liquidity position. Table showing…
BitDAO (BIT)suspected FTX founder Sam Bankman Fried’s venture capital firm Alameda Research of breaching an agreement made in 2021 and selling its 100 million BIT tokens, causing BIT to plummet. The DAO community asked Alameda to prove that it still owns its BIT tokens, and Alameda responded by transferring over 100 million BIT tokens from…
FTX treasury has lost over $3 billion since the start of November, largely thanks to the implosion of its native token FTT and Solana (SOL) over the period. Source: Arkham Intelligence According to CryptoSlate data, FTT was trading at over $26 on Nov. 1; however, the token experienced high volatility within the last 24 hours, dropping…
As the market took a tumble over the past 12 hours, total liquidations reached $294.78 million, Coinglass data shows. Total liquidations over the past 24 hours stood at $339.29 million at the time of writing. The crypto market took a turn for the worse when FTX token (FTT) began losing its value rapidly after a…
The amount of Bitcoin held on FTX has gone negative following 20,175 BTC leaving the exchange over the past 24 hours. Of all exchanges tracked by Coinglass, FTX has the lowest balance at -197.95 BTC. The next lowest is Poloniex at 127.14 BTC, while exchanges such as Coinbase Pro and Binance hold 573,452 BTC and…
FTX’s FTT token lost roughly 30% of its value in the last 24 hours after 1.9 million FTT tokens — worth roughly $44 million at the time — were moved from the Genesis over-the-counter (OTC) Desk to FTX on Nov. 8, according to Wu Blockchain. FTT suddenly plunged 14% in 1 hour, and SOL fell…
Glassnode data, as analyzed by CryptoSlate, shows that around 50 million FTX’s FTT tokens have been dumped on exchanges following Changpeng Zhao’s announcement that Binance would liquidate its FTT position over the coming months. Source: Glassnode Around 23 million FTT tokens ($584.8 million) were transferred to Binance on Nov. 6. CZ confirmed that these tokens…