Bored Ape Yacht Club NFT Prices Fall After FTX Sinks Crypto Market
Ethereum project the Bored Ape Yacht Club is seeing
sinking prices as ETH falls and owners potentially panic-sell their valuable
NFTs.
Bahamas Securities Regulator Took Action to Freeze FTX Assets
Today, the Securities Commission of The Bahamas took action to freeze the assets of FTX Digital Markets. The Commission also applied to the Supreme Court for the appointment of a provisional liquidator of FTX.
FTX Disaster: Expectations, Lessons & Opportunities
Crises also bring opportunities. As we can expect more price turbulences in the coming weeks, now is a good time to plan your next steps.
FTX Japan to Go Into ‘Close-Only’ Mode Following Regulator’s Order
FTX Japan said Thursday it is going into "close-only" mode, meaning users will only be able to close out existing positions but not initiate new ones, following an <a href="https://www.fsa.go.jp/news/r4/sonota/20221110/20221110.html" target="_blank">official order</a> earlier in the day by Japan's Financial Services Agency to suspend operations.
LayerZero CEO Willing to Accept 2.8 Million STG in FTX at 1:1 Rate
Bryan Pellegrino, Co-Founder and CEO of LayerZero Labs, announced LayerZero is willing to follow Tron’s step and accept STG balances in FTX at a rate of 1:1 (STG basis) to the underlying STG, with a cap of 50k STG(roughly 2.8 million) in total. Its goal is to “help as many people get something out as possible”.
Tron's TRX Jumps 140% Amid 1:1 FTX Redemption of Tron-Based Tokens
TRX, the native token of the Tron network, surged over 140%
on cryptocurrency exchange FTX, from 12 cents to 29 cents after Tron founder
Justin Sun agreed to move Tron-based assets from FTX to external wallets.
FTX Re-Enables Withdrawals, but Only in Bahamas
Per our Bahamian HQ's regulation and regulators, we have
begun to facilitate withdrawals of Bahamian funds. As such, you may have seen
some withdrawals processed by FTX recently as we complied with the regulators.
FTX Signs Deal With Tron to Let Users Swap Certain Tokens Including TRX, Sun
Holders of TRX, BTT, JST, SUN, and HT will be able to swap assets from FTX 1:1 to external wallets.
Tether Freezes $46M of USDT Held by FTX Following Law-Enforcement Request
Stablecoin issuer Tether has frozen $46 million of USDT held
on the Tron blockchain by failing crypto exchange FTX following a request from
law enforcement.
Layerzero Labs Bought Back 100% Of Its Stake From FTX Ventures and Alameda
Interoperability protocol LayerZero Labs announced on Nov.10 an agreement that bought out 100% of FTX Ventures and Alameda Research's equity position, including token warrants and all agreements between the parties.
