The executive director discusses why Bahamas-based crypto exchange FTX’s fall from grace is likely to “open up a more robust” debate surrounding regulation for exchanges going forward. U.S. Rep. Jim Himes also weighs in.
Who Still Has Exposure to FTX?
Gemini, Wintermute, Multicoin and more – a running list of those with continued exposure to the embattled cryptocurrency exchange.
Alameda Research, FTX Ventures Websites Go Dark
Two websites tied to the Bahamas-based crypto exchange FTX have gone dark in the wake of the latter’s liquidity crisis and the subsequent news that it plans to be acquired by rival exchange Binance.
Staked SOL Tokens Falter as Solana Traders, Stakers Rush for Exits
FTX’s surprise implosion has rattled the infrastructure of Solana staking.
Most of FTX’s Legal and Compliance Team Quit: Report
Semafor, a news organization that FTX’s Sam Bankman-Fried invested in, cites people familiar with the matter.
Cross-ecosystem Platform Evmos Partners With Anchorage Digital to Offer Custody and Staking
The announcement comes following the company’s $27 million token sale
In staff letter, Binance CEO embraces scrutiny from regulators amid potential FTX deal
“People now think we are the biggest and will attack us more,” said Changpeng Zhao in a letter updating staff on the situation with FTX.
Crypto Bank Silvergate’s Stock Defended By Analysts Amidst FTX Concerns
Silvergate shares have fallen this week on broader crypto market worries, including the fact that FTX is a customer of theirs.
Binance Is Strongly Leaning Toward Scrapping FTX Rescue Takeover After First Glance at Books: Source
Backing out would be one more stunning development in the collapse of Sam Bankman-Fried’s crypto empire.
Binance CEO Zhao Says Planned FTX Acquisition Is Not a ‘Win for Us’
Zhao also noted in a Wednesday memo to staff that Binance had stopped selling its holdings of FTX’s tokens given the ongoing due diligence for the deal.
UK Asset Management Giant Abrdn Leads Archax $28.5M Funding Round
Abrdn, one of the U.K.’s biggest asset-management firms, has backed a $28.5 million Series A funding round into digital asset exchange Archax. Abrdn became the firm’s largest external shareholder earlier this year.
Thoma Bravo Leads $70M Fundraise for Blockchain Intelligence Firm TRM Labs
TRM, a rival of Chainalysis, last raised $60 million in December, 2021
Ramp Raises $70M to Provide Crypto Payments Infrastructure
The round was co-led by UAE wealth fund Mubadala Capital and investment firm Korelya Capital.
Crypto Finance Firm Galaxy Digital Reveals $76.8M Exposure Linked to FTX
The firms also reported net loss of $68.1 million for the third quarter.
Meta Slashes Over 11,000 Jobs, 13% of its Workforce
The job cuts were across its Family of Apps and Reality Labs segments.
Crypto Fund Alameda’s Ethereum Wallet Holdings Slumped 50% Since October
On-chain findings show Alameda has a $3 million debt over several Ethereum addresses.
Bernstein: Binance-FTX Deal May Attract Antitrust Regulators’ Attention
The combined company would have a more than 80% share of the global crypto market, the report said.
Crypto Exchanges Scramble to Compile ‘Proof-of-Reserves’ as FTX Contagion Grips Markets
Seven crypto exchanges said they will publish proof of their reserve holdings in the next month.
Stablecoin Issuer Circle Plays Down FTX, Alameda Exposure
FTX was one of the investors in Circle’s 2021 financing round of $440 million.
Binance Tops Up Emergency Insurance Fund ‘SAFU’ to $1B After BNB Volatility
Binance token-related addresses were topped up with over $700 million in different tokens.