The crypto market might see “second-order effects” from counterparties that may have lent or interacted with either FTX or Alameda.
Headline
Month: November 2022
Genesis Global halts withdrawals citing ‘unprecedented market turmoil’
The troubled firm is also acting as the liquidity provider of Grayscale Bitcoin Investment Trust.
Bybit releases reserve wallet addresses amid calls for transparency
The wallets seem to indicate that over $1 billion worth of BTC, USDT, ETH and USDC are held by the exchange.
Blockstream CEO Adam Back talks Bitcoin over a game of Jenga
Back was one of the few people cited in the original Bitcoin white paper.
Tom Brady and other celebrities named in class-action lawsuit against FTX
Evidence suggests “FTX’s fraudulent scheme was designed to take advantage of unsophisticated investors,” according to the lawsuit.
US lawmaker blames ‘billionaire crypto bros’ for delayed legislation
The collapse of FTX has raised alarm bells across Washington, D.C.
South Korean prosecutors call on Terra co-founder Shin Hyun-seong to cooperate: Report
Authorities reportedly alleged Shin Hyun-seong earned roughly $105 million in profits from illegal sales of LUNA tokens before Terra’s collapse.
Crypto.com’s CRO is in trouble, but a 50% price rebound is in play
Short CRO traders were paying as much as 3% premium to long traders on Nov. 14, reflecting extreme bearishness in its futures market.
Arbitrum sees steady growth as airdrop speculation leads to increased earnings
Arbitrum’s earnings are soaring as daily active users flood the layer-2 platform with the hope of an eventual airdrop.
Bitcoin derivatives data reflects traders’ mixed feelings below $17,000
Derivatives data shows increased demand for margin longs, contradicting traders’ perception that further downside is in store for Bitcoin.