2022-11-09
Yesterday was a record day of trading volumes for all of the wrong reasons. While we had virtually no exposure to FTX and our operational controls enabled us to provide deep liquidity to a market in search of it, the exchange consolidation we saw was unfathomable 60 hours ago.
CoinDesk
In the wake of FTX's dramatic fall, Binance, Gate.io, KuCoin, Poloniex, Bitget, Huobi, and OKX pledge to release their Merkle tree reserve certificates
Over seven crypto exchanges will publish proof of their reserve holdings in the next month. — Crypto exchanges are now scrambling …
Yesterday was a record day of trading volumes for all of the wrong reasons. While we had virtually no exposure to FTX and our operational controls enabled us to provide deep liquidity to a market in search of it, the exchange consolidation we saw was unfathomable 60 hours ago.
@cz_binance
Binance CEO Changpeng Zhao says the company signed a non-binding letter of intent to acquire FTX.com and help cover its liquidity crunch, pending due diligence
This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire FTX.com and help cover th...
2022-11-08
Lots of volatility overnight as speculation about @FTX_Official continues. With the caveat that we are not investors in FTX and do not have any non-public insight, the following features seem evident: 🧵👇
The Block
On-chain data from Ethereum, Tron, and Solana: FTX appears to have stopped processing withdrawal requests, starting at 6:37am ET for ether
- Crypto exchange FTX seems to have stopped processing withdrawal requests, according to on-chain data. — The last outgoing transaction …
That said, the Alameda CEO didn't do her company any favors by calling out a level ($22 FTT) and then watching the market jackknife through it.
The Block
On-chain data from Ethereum, Tron, and Solana: FTX appears to have stopped processing withdrawal requests, starting at 6:37am ET for ether
- Crypto exchange FTX seems to have stopped processing withdrawal requests, according to on-chain data. — The last outgoing transaction …