Market
Crypto
CryptoSlate Daily wMarket Update – Nov. 28: Dogecoin files 9% gain in tepid market rebound
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Bankruptcy
Ripple general counsel calls BlockFi bankruptcy another success for SEC’s ‘regulation by enforcement’ approach
Ripple CTO David Schwartz said BlockFi might have gotten a loan from FTX to pay off the SEC's settlement.
Analysis
Andre Cronje reveals how DeFi saved Fantom; FTM surges 17%
Andre Cronje said Fantom had over 450 million FTM tokens ($96.43 million), $100 million worth of stablecoins, $100 million in other crypto assets, and $50 million in non-crypto assets.
Research
Research: Binance led 2017 ‘dumb money’ Bitcoin investment; FTX leads 2022 cycle
The average withdrawal price on Bitfinex has remained low and stable since 2017, suggesting that the exchange has a more sophisticated user base.
Regulation
Singapore requires banks to hold $125 for every $100 Bitcoin exposure
Singapore's MAS minister said banks in the country have "insignificant" exposure to crypto.
Exchanges
Kraken’s Powell says Binance Proof-of-Reserve is pointless without liabilities
Vinny Lingham tweeted on Nov. 27 that exchanges should publish their Proof-of-Liabilities alongside their Proof-of-Reserves.
Crypto
CryptoSlate Daily wMarket Update – Nov. 25-27: Top 10 assets see losses in red market
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Crypto
Jokes about wrapped ETH depeg cause brief panic on Twitter
While the crypto community joked about the WETH peg, Ethereum's price fell by over 4% during the weekend.
Bankruptcy
Bahamas Securities Commission calls FTX CEO John Ray’s allegations inaccurate; says its actions were ‘misinterpreted’
The regulator said its timely action protected FTX’s assets under its control from hacking and compromise.
Analysis
Massive staked Ethereum withdrawals by whales allow arbitrageurs to profit
Peckshield also reported that a whale withdrew 42,400 stETH from Aave.
Exchanges
CoinList denies insolvency rumors, claims technical difficulties causing issues with withdrawals
Crypto exchange CoinList said it is experiencing technical issues that are affecting its users' deposits and withdrawals.
Regulation
Belgium says Bitcoin, Ethereum are not securities
Belgian authorities said assets with issuers incorporated into instruments could be declared securities under its Prospectus Regulation.