NFT Insider

2022-11-11 03:41:01 FTX's wallet that is holding 92-NFT collection featuring 31 rare Bored Ape Yacht Club and 26 Otherdeed NFTs is currently under Alameda Research's possession, which have traded BAYC NFTs as part of its NFT trading strategy.

And if FTX and Alameda's solvency crisis does go south, it will most likely be sold to cover the debt owed by FTX.

The founder of NFT valuation site DeepNFTValue, the collection holds an estimated value of between 4,000 and 5,000 ETH, roughly $4.7 million to $5.8 million).

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2022-11-11 02:35:51 FTT has been on a rally for the last 24 hours since reaching its all-time low at $2.06 on Nov 9th as a result of Binance walking away from the acquisition deal.

However, an unannounced FTT token burn took place despite the withdrawal freeze, and FTX has made $34 million in just trading fees since.

There is another token burn scheduled for the coming Monday that stands at $11,397,021 in the form of 3,795,212 FTT tokens, which is over 1% of the token's total supply.

FTT is up over 70% in the last 24 hours and is currently trading at just over $3.5.

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2022-11-11 02:13:25 Bitcoin has been on a roller coaster ride for the last 48 hours since the FTX fiasco.

Bitcoin is back up close to 14% in the last 24 hours and is currently trading just below $18,000.

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2022-11-11 01:58:53 DFX is hacked on the mainet, and its Ethereum pools are drained. Already 800 ETH is sent to Tornado Cash.

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2022-11-10 23:20:38 The total crypto, including NFT and metaverse trademark applications up to October 2022, adds up to 4,697, whereas 2021, the total was 3547.

However, with the crypto winter and US inflation hiking, the numbers have dropped compared to early months in 2022.

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2022-11-10 23:10:53 NFTs/Gaming has declined over 73% MoM, from $732 million to $198 million, where in October it averaged $858 million in venture funding per month.

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2022-11-10 22:08:24 FTX announced that they reached an agreement with Tron to establish a special facility to allow holders of TRX, BTT, JST, SUN, and HT to swap assets from FTX 1:1 to external wallets. Initially, $13,000,000 of assets will be deployed to facilitate such swaps.

This functionality will be enabled at 18:30 UTC, November 10, 2022.

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2022-11-10 22:08:15 Four hours after SBF posted:

"This was about FTX International. FTX US, the US based exchange that accepts Americans, was not financially impacted by this shitshow.

It's 100% liquid. Every user could fully withdraw (modulo gas fees etc)."

FTX.US warns users of trading halt and announced:

"Announcement 2022-11-10: trading may be halted on FTX US in a few days. Please close down any positions you want to close down. Withdrawals are and will remain open. We will give updates as we have them."

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2022-11-10 08:28:36 The creator of BAYC, MAYC, Otherdeeds, and BAKC, who acquired Cryptopunks and Meebits, has joined in on the heated debate about NFT creator royalties and proposed a community-governed allowlist.

With the new proposal, free wallet-to-wallet transfers are a must! As the allowlist model will let creators only approve secondary trades through marketplaces that honor royalties by enforcing a code into the smart contract and only approving sales where creator fees are allowed.

#nftroyalties

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2022-11-10 05:55:10 FTX needs about $8 billion dollars in hopes to save itself from bankruptcy.

This is their current balance (as of 18:33PDT)

- FTX: $669 million
- FTX US: $111 million
- Alameda Research: $124 million
= TOTAL: $904 million

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