DEFI WORLD

2022-11-12 11:09:14 RTRS with reference to the lawsuit: Alameda Research has liabilities from $10 billion to $50 billion.

FTX and Alameda have entered the bankruptcy and reorganization process under Chapter 11. Sam Bankman-Fried is retiring.

As a result of the collapse of FTX, the following projects in which Alameda and FTX invested may suffer: Messari, Eden, Paxos, Solana, STEPN.

FTX employees were paid in FTT tokens and platform shares. Many have lost all their savings.

Bitcoin crashed to $16,500.

BlockFi crypto-lending platform has suspended the withdrawal of cryptocurrencies and recommended not to make deposits.

Tron founder Justin Sun is ready to give "billions of dollars to save FTX". But this is inaccurate and only after due diligence. Open / Comment

2022-11-11 17:48:21 Binance has officially abandoned the takeover of FTX. The company said that they would not be able to solve the problems that arose from the platform.

Sam Bankman-Fried: The US division is unaffected and operates without problems, the international version of FTX is discussing different options for raising funds with industry players.

Binance has published a list of its own wallets so that users can evaluate the reserves of the exchange.

WSJ and Bloomberg: The hole in the FTX balance sheet is estimated at $8 billion.

Tether begins freezing USDT in FTX's possession at the request of law enforcement. The FTX wallet with a balance of 46,360,701 USDT on the TRON blockchain has already been frozen. Open / Comment

2022-11-10 08:27:23 CoinDesk: Binance is about to withdraw from its FTX purchase agreement after reviewing financial documents.

Bitcoin fell to a 2-year low due to the crisis around FTX and Alameda, dropping to $17,000.

Solana collapsed by 40% in a day. The chief operating officer of Solana Labs called the situation in the crypto market “difficult.”

Bloomberg: US regulators SEC and CFTC initiated an investigation into FTX's actions with client funds.

Japan's largest telecommunications company NTT is investing $4 billion in Web3.

About 10% of the total assets of the Multicoin Master Fund are stuck on FTX.

Binance's spot market share jumps to 71%. Two weeks ago, it fluctuated around 55%. Open / Comment

2022-11-09 15:03:54 Kucoin has listed AirDAO's AMB token with a USDT pair

Kucoin — one of the world's leading cryptocurrency exchanges — has listed AirDAO's $AMB token with a USDT pair, giving its 25 million users an exciting opportunity to participate in AirDAO’s rapidly developing DeFi ecosystem.

Previously known as Ambrosus, AirDAO is the governance DAO for the Ambrosus Network blockchain (AMB-NET). The first DAO to govern an entire L1 blockchain, AirDAO also equips traders with the AirDAO Dashboard — a single, easy-to-use interface of powerful dApps that simplifies the complexity of DeFi into an all-in-one solution. $AMB is both the DAO's governance token and the native utility token, acting as the gas for transactions on the Ambrosus network.

As part of the promotions for the $AMB listing, Kucoin is running a Net Holding competition with a $30,000 $AMB token reward pool for participants, a Twitter airdrop, and a participation reward campaign.

DYOR: Website | Telegram | Twitter Open / Comment

2022-11-09 15:00:18 Breaking: Meta Layoffs 11,000 Employees; Mentions Vision For Metaverse
https://bit.ly/3Usd55d Open / Comment

2022-11-08 07:46:23 Binance announced plans to sell the remaining tokens of the FTX exchange, FTT, worth $584 million on the open market. Earlier, CoinDesk disclosed Alameda Research's reserve structure, questioning its liquidity.

FUD in action: over $450 million in assets were withdrawn from FTX in 24 hours.

USD yield on FTX US rose to 49% per annum due to the outflow of liquidity from the exchange.

Vitalik Buterin has published a new development plan. It introduced The Scourge stage - to combat the centralization and censorship caused by the MEV relays. Open / Comment

2022-11-07 16:36:50 Grayscale Poll: More than 50% of Americans think that cryptocurrency is the future of finance.

The US Internal Revenue Service is handling hundreds of cases of tax evasion using cryptocurrencies.

Google Cloud will launch a node on the Solana network.

Samson Moe on Solana and Google Collaboration: Centralized Blockchain announces partnership with centralized cloud hosting provider.

Reuters: Binance has processed $8 billion in transactions for the benefit of sanctioned Iranian companies. Open / Comment

2022-11-04 21:44:46 South Korean Prosecutor's Office: Terra Labs CEO Do Kwon may be hiding in Europe.

The Criminal Investigation Division of the IRS announced the investigation of "hundreds" of cases related to cryptocurrencies.

JPMorgan analysts predict a possible collapse of the crypto market.

Coinbase reported a 28% drop in revenue in the third quarter and a net loss of $545 million.

Fidelity will allow saving up to 20% of cryptocurrencies to retirement accounts.

The Elrond Network blockchain project has changed its name to MultiversX. Open / Comment

2022-11-04 21:42:42 Breaking: Elon Musk’s Twitter Faces Class Action Lawsuit For Mass Layoffs
https://bit.ly/3NxjAB7 Open / Comment

2022-11-03 17:22:03 Andre Cronje, co-founder of Fantom and Yearn, returned to the game after 9 months

Since Cronje left the crypto in March, FTM has lost 85% and YFI has lost 60%. Andre is called the "father of DeFi".

Since Cronje is back in the game, the bullrun is just around the corner Open / Comment