The latest Bitcoin, DeFi, NFTs and web3 news from CryptoSlate.
Sources say Binance could scrap the deal with FTX
A source close to the matter revealed that it was highly unlikely Binance will acquire FTX after looking at the company's books.
User funds deposited into FTX can’t be insured
FTX's service agreement notes that funds deposited into user accounts aren't eligible for any public or private deposit insurance protection.
Stablecoins fall below Dollar parity as turbulence impacts entire market
USDT, USDC, DAI all drop below $1 as market forces effect stablecoins across the industry
Bricktrade partners with Blocksquare to tokenize real estate
The partnership will allow Bricktrade to break down a single property into 100,000 tokens and enable investors to own fractional shares of the token's underlying property.
Galaxy Digital reports $76.8M exposure to FTX
Galaxy Digital becomes the latest major player in the crypto space to reveal a significant exposure to the failing FTX.
Large short positions push Bitcoin toward $17k amid $861M in crypto liquidations
Over $250M in Bitcoin liquidations aid crypto capitulation as Bitcoin drops
CryptoSlate Daily wMarket Update – Nov. 8: Crypto markets lose almost $100B as FTX implosion leads to carnage
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.
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.
Double dip expected as flood of unlocked Solana to hit the market
Solana has lost 51% of its value since the start of this week, fears are wider pressures will force holders to exit their positions.
Biggest losers: FTT, SOL, APT tank over FTX insolvency woes
FTX linked tokens suffer huge drawdowns as the "crypto feud" culminates in FTX asking for help.
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.
Canada’s third-largest pension fund invested in FTX at $32B valuation
The Ontario Teachers' Pension Plan invested in FTX in January this year as part of a $400 million funding round. The potential losses the fund could face are still unknown.
Research: FTT token active addresses close to 0 for the entirety of 2022
Few investors hold FTT tokens off-exchange according to Glassnode data which shows hardly any active addresses on chain
Coinbase CEO calls out “risky business practices” in FTX saga, sympathizes with those involved
Brian Armstrong made a strong statement claiming FTX took part in "conflicts of interest between deeply intertwined entities"
Sam Bankman-Fried’s net worth fell 93% in 1 day, loses Billionaire status
SBF loss over $15B in one day according to data reviewed from the Bloomberg Terminal