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Weekly overview

Bitcoin options data shows sub-$17K BTC price gives bears a $200M payday on Friday

  • Post author:admin
  • Post published:November 11, 2022
  • Post category:Weekly overview

BTC bears are set to profit from this week's $710 million options expiry, which could be used to add further sell pressure to Bitcoin price. Bitcoin (BTC) crashed below $16,000…

Continue ReadingBitcoin options data shows sub-$17K BTC price gives bears a $200M payday on Friday

Financial group CEO claims he tried to warn Bankman-Fried about insolvency in July

  • Post author:admin
  • Post published:November 11, 2022
  • Post category:Weekly overview

Richard Handler alleged that he offered restructuring services to FTX that might have saved it, but exchange reps refused to meet with him. Richard Handler, CEO of Jefferies Financial Group,…

Continue ReadingFinancial group CEO claims he tried to warn Bankman-Fried about insolvency in July

New tool mirrors Optimism NFTs to Ethereum mainnet for use in verified apps

  • Post author:admin
  • Post published:November 11, 2022
  • Post category:Weekly overview

NFTs from Layer 2 were not previously recognizable to apps like Twitter. Optimism developers jvmi and Kelvin Fichter released a new app called Magic Mirror on Nov. 9 that allows…

Continue ReadingNew tool mirrors Optimism NFTs to Ethereum mainnet for use in verified apps

FTX US resigns from the Crypto Council for Innovation

  • Post author:admin
  • Post published:November 11, 2022
  • Post category:Weekly overview

“The news this week has been shocking, but we’ve also seen the community come together,” said CCI CEO Sheila Warren. United States-based exchange FTX US has left its position at…

Continue ReadingFTX US resigns from the Crypto Council for Innovation

LayerZero Labs bought back its stake from FTX Ventures and Alameda

  • Post author:admin
  • Post published:November 11, 2022
  • Post category:Weekly overview

The protocol announced an agreement to buy out 100% of FTX Ventures’s and Alameda Research’s equity position. Interoperability protocol LayerZero Labs announced on Nov.10 an agreement to buy out 100%…

Continue ReadingLayerZero Labs bought back its stake from FTX Ventures and Alameda

Why is the crypto market up today?

  • Post author:admin
  • Post published:November 11, 2022
  • Post category:Weekly overview

Bitcoin and the wider crypto market bounced higher today, but with the FTX drama in the forefront, investors are skeptical on whether the bullish momentum will hold. Bitcoin (BTC) has…

Continue ReadingWhy is the crypto market up today?

82% of Tether reserves held in ‘extremely liquid’ assets, according to attestation

  • Post author:admin
  • Post published:November 11, 2022
  • Post category:Weekly overview

The USDT issuer had total assets of $68.06 billion at the end of the third quarter, exceeding its total liabilities of $67.8 billion. Stablecoin issuer Tether Holdings Limited published its…

Continue Reading82% of Tether reserves held in ‘extremely liquid’ assets, according to attestation
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