Market
Bankruptcy
FTX gets approval to pay critical vendors, can redact creditors’ and customers’ list
The court filing revealed that the bankrupt exchange was granted the right to pay its critical vendors up to $8.5 million upon its chief executive officer approval.
Exchanges
Russian lawmakers looking to establish state-backed crypto exchange
The draft bill would need to get the approval of the Russian Central Bank alongside the country's Ministry of Finance.
Analysis
Criminals profit over 5000% following reawakening of 10,000 Bitcoin
CryptoQuant founder Ki Young Ju noted that 65 BTC was transferred to HitBTC and called on the exchange to suspend the account.
Mining
Ravencoin spikes 20% following Binance Pool announcement
Binance Pool announcement revealed that it would charge a 1% mining fee, and users could only participate in the pool after verifying their accounts.
Hacks
Hackers steal $42M from Fenbushi Capital founder’s wallet
Blockchain security firm Beosin said the hack was caused by a private key compromise.
DeFi
Mango Market hacker’s attempt to exploit Aave fails
Arkham Intelligence said Eisenberg's real target was AAVE's vulnerable looping system and his borrowings could leave the DeFi network with severe bad debt.
Regulation
US Congressman defends decentralization, blames SBF, Gensler, CeFi for FTX collapse
U.S. Congressman Tom Emmer said FTX's collapse is not a crypto failure, rather a failure of business ethics, government oversight and regulatory oversight.
Exchanges
Justin Sun wants to reportedly buy FTX assets
Huobi and Tron executives are reportedly in talks with FTX in the Bahamas.
Bankruptcy
FTX bought $121M properties in Bahamas within 2 years
Sam Bankman-Fried's parents were owners of a $16.4 million vacation home.
Analysis
Argentina ARG token drop 30% following shock defeat in world cup match
Saudi NFTs project have risen by 15% after the match to 0.258 ETH.
Bankruptcy
FTX ordered to indemnify and reimburse Bahamas for assets safekeeping
The Bahamas regulator said all expenses it incurs will be approved by the country's supreme court and are subject to reimbursement by FTX.
Mining
Bitcoin miners selling aggressively as crypto market continues to struggle
Analysts have predicted that the next mining difficulty could be extremely negative as blocks aren't being found or are being found late due to the high mining difficulty.