DeFi Exchange Platform dYdX Places Solana in “Close Only” Mode
The move comes after Solana has plummeted 40% in 24-hours
due to its link with the beleaguered Sam Bankman-Fried empire.
Genesis Reports Losses of Around $7 Million After Hedging Against Market Volatility
Crypto trading and lending firm Genesis Trading reported
losses of around $7 million "across all counterparties" that include
Alameda Research after it hedged and sold collateral on Tuesday in anticipation
of market volatility following a liquidity crunch at FTX.
$800M SOL Tokens Set to Be Unstaked, Approximately 15% Of Its Circulating Supply
SOL’s funding rates sharply dropped as low as -4% on Wednesday in anticipation of the unlock
FTX Investors Are Warned Bankruptcy Likely Without Cash Injection
Sam Bankman-Fried told FTX.com investors on Wednesday that without a cash injection, the company would need to file for bankruptcy, according to a person with direct knowledge of the matter.
FTX Needs $8 Billion Emergency Funding, Bankman-Fried Tells Investors
FTX chief Sam Bankman-Fried told investors he needs emergency funding to cover a shortfall of up to $8 billion due to withdrawal requests received in recent days, according to people familiar with the matter.
FTX Website Experiences Temporary Outage, Warns Users Not to Make Deposits
Cash-strapped crypto exchange FTX has added a new warning to customers in the form of a bright red banner on its FTX.com website today, warning customers that the exchange has halted withdrawals.
Binance Will Not Acquire FTX, Exchange Confirms
Binance, the world’s largest crypto exchange, has backed out
of its agreement to purchase FTX just one day after signing an agreement to
rescue the company on Tuesday.
Bitcoin Losses Continue Concerns That Binance Might Quit FTX Deal
Crypto markets continued to fall Wednesday, with news that
Binance won't buy FTX, fueling additional declines as U.S. equities markets
closed.
SBF Tumbles off Bloomberg’s Billionaire Index After Trouble at FTX
Sam Bankman-Fried no longer ranks in the top 500 on Bloomberg’s billionaire index, but CZ remains at rank 87.
How 3 SMU Undergrads Raised S$6.3 Million for a Crypto Startup
Starting a company in your 20s is one thing, but raising millions in seed funding as a university student is a different ballgame altogether.
