Market
Bankruptcy
Wintermute CEO tells 3AC co-founder to ‘stay wiped out’ amid ‘redemption’ attempt
Wintermute CEO Evgeny Gaevoy made the statement in response to a tweet thread posted by the co-founder of the defunct crypto hedge firm Three Arrows Capital.
Stablecoins
Tether, Circle deny exposure to FTX, Alameda
Circle CEO said the firm has a little equity in FTX and other crypto exchanges like Kraken, BinanceUS etc.
Stablecoins
BUSD supply dominance grows as USDT’s supply drops 4%
Terra's UST implosion impacted trust in other stablecoins and the broader crypto market.
Exchanges
FTX treasury lost over $3B in a week, while Binance treasury is up $2B
FTX's ETH and BTC reserves has plummeted to new lows since the beginning of the month.
Crypto
CryptoSlate Daily wMarket Update – Nov. 7: Markets turn red as FTT dumps amid rumors of liquidity issues
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
Exchanges
FTT tanks 30% after 1.9M tokens moved to FTX, Binance denies selling
Reports from Lookonchain and Peckshield identified several whale transactions that could have impacted FTT's value.
Legal
LBRY tanks 35% as US court declares it security
LBRY founder says the judgment sets a precedent that could see almost every cryptocurrency, including Ethereum and Dogecoin, termed a security.
Exchanges
FTX’s FTT risks drastic fall as tokens flood exchanges
FTT's value is at the risk of a drastic sell-off, considering that around 60% of its supply is currently on exchanges.
Exchanges
FTX stablecoin reserves plunge as community fears bankrun
Crypto firms liek Nexo, Jump Crypto have made substantial withdrawals from FTX.
Exchanges
Huobi alleges pNetwork made over $4M from its Gala ‘white hat attack’
Huobi labels the pGala token a meme coin, incentivizes users with a trading contest.
Web3
Mempool Studio launch presale for web3 yearbook, almanac
The documents examine the remarkable events that happened throughout the year from the perspective of industry insiders.
People
Terra Do Kwon wants to invite the police for a conference
Kwon said that those spreading falsehood would have a VIP invitation to the event.