Binance may even end up buying FTX outright as withdrawals resume on promises from the world’s largest crypto exchange. Bitcoin (BTC) saw major volatility after the Nov. 8 Wall Street open as turmoil over crypto exchange FTX punished markets further. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Binance hints at plan to buy FTX Data from…
Read more
SOL and FTX Token saw a sharp rebound after headlines that Binance would acquire FTX due to liquidity issues, but will the upside last? FTX Token (FTT) and Solana’s SOL (SOL) endured a tough weekend of trading that saw altcoins take double-digit losses in the 15%–30% range, but the tide turned as news broke that…
Read more
FTX CEO Sam Bankman-Fried has denied insolvency rumors amid mounting speculations that his exchange is facing liquidity issues, worsened by Binance’s decision to dump all of its FTT holdings. In a series of tweets on Monday, Bankman-Fried referred to the speculation as FUD, claiming that a “competitor” is responsible for manipulating public opinion about the…
Read more
Analytics tools can barely keep up as mass withdrawals appear to imply liquidity is evaporating. Bitcoin (BTC) and crypto markets fell heavily into Nov. 8 as contagion from the FTX debacle spilled over. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Analysts dismiss FTX insolvency fears Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling…
Read more
Is this the beginning of the end for FTX and Alameda Research? Or will both organizations come out stronger on the other side? As NewsBTC reported, Binance’s CZ smelled blood in the water and announced that his exchange was selling their FTT reserves. That created a sort of a bank-run that left FTX in a…
Read more
Cryptocurrency prices plummeted amid reports of FTX bankruptcy. Changpeng Zhao, the founder and CEO of Binance, the world’s largest cryptocurrency exchange, announced on Sunday that his trading platform is about to sell its stake in FTT, a competitor platform to FTX’s native asset…. Read More: Crypto Prices Crash on FTX Insolvency Rumors – 3 Coins…
Read more
FTX seems to fall deeper into its despair pit without any anchor. The crypto exchange is facing several issues threatening the stability of the firm. First, there appears to be an ongoing war between FTX and the Binance crypto exchange. This is presumed to involve their respective CEOs, Sam Bankman-Fried (SBF) and Changpeng Zhao (CZ).…
Read more
Weekend losses solidify as macro volatility to come meets internal turmoil over FTX. Bitcoin (BTC) stayed lower at the Nov. 7 Wall Street open as the day before the United States midterm elections opened to flat equities performance. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Crypto wobbles on FTX woes Data from Cointelegraph Markets Pro and…
Read more
The crypto industry is witnessing a new war between exchange giants FTX, led by Sam Bankman-Fried, and Binance-led Changpeng “CZ” Zhao. Over the past week, rumors emerged about the former exchange becoming insolvent and holding an illiquid balance sheet. The Binance CEO seems to be fulling speculations. During the weekend, CZ expressed concerns about “recent…
Read more
Amidst the turmoil surrounding crypto exchange FTX, there is currently one big loser, Solana (SOL). While the FTT token is at the center of discussions for many market observers after Binance CEO Changpeng Zhao announced to sell all FTT tokens, SOL is seeing a massive -12% drop in price over the last 24 hours. Even…
Read more
