Market
Analysis
Research: Genesis received over $1B worth of FTT from Alameda, FTX in last 3 months
Arkham Intelligence dashboard shows that Genesis has been processing millions in stablecoin redemptions over the past few days.
Regulation
Singapore’s watchdog says Binance placed on Investor Alert List over FTX due to unlicensed activity
The MAS revealed Binance was placed on the IAL because it actively seeks Singaporean users and has features that could be misinterpreted to mean it is licensed by the regulator.
Investments
Hedge fund investor Bill Ackman shills crypto, reveals investment
The billionaire investor revealed that his crypto investments account for less than 2% of his assets.
Bankruptcy
Canada’s largest pension fund writes off $95M FTX investment
Ontario Teachers said its FTX investmetnt represented less than 0.05% of its total net assets
Crypto
CryptoSlate Daily wMarket Update – Nov. 17: Solana prints losses in mute market performance
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Analysis
Community fears FTX implosion might affect Grayscale
Grayscale holds over 635,000 BTC worth over $10 billion and 3.1 million Ethereum, valued at $3.7 billion.
Bankruptcy
Bahamas watchdog ordered FTX to send digital assets to its wallet
The regulator said the move was aimed at “safekeeping” the assets and “was necessary to protect the interests of clients and creditors” of the bankrupt exchange.
Bankruptcy
FTX bankruptcy court filing reveals Alameda gave $1.6B in loans to SBF, others
The new FTX CEO Ray III described the situation as a "complete failure of corporate controls and such a complete absence of trustworthy financial information."
Bankruptcy
Singapore’s Temasek writes off $275M FTX investment, had misplaced belief in Sam Bankman-Fried
Temasek revealed that it conducted an extensive due diligence process on FTX, which lasted 8 months between February and October 2021.
Adoption
President Bukele reveals El Salvador will buy 1 Bitcoin daily
El Salvador has spent over $100 million to acquire 2,381 BTC and continues to buy
Mining
Bitfarms sold more Bitcoin than it mined in Q3
Bitcoin mining analyst Jaran Mellerud said while Bitfarms' Bitcoin sales helped it to reduce its debt burden, he pointed out that the miner does not have much Bitcoin left.
Regulation
US financial committee to hold hearing on FTX collapse in December
The Committee wants to hear from Sam Bankman-Fried, Binance and other related entities in the FTX's collapse.