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FTX's native token has suffered as Binance began offloading large amounts of FTT as part of a new feud between the two exchanges.

FTX token value plunged another 20% in the last 24 hours. Nearly $1 billion in FTT market value has eroded since the Binance episode.

In the last 24 hours, the cryptocurrency market cap saw net outflows of $48.79 billion to $971.29 from $1,028.2 billion as of press time — down 4.79%. The post CryptoSlate Daily wMarket Update – Nov. 7: Markets turn red as FTT dumps amid rumors of liquidity issues appeared first on CryptoSlate.

Despite attempts by FTX CEO Sam Bankman-Fried to calm the market, the price of FTT slumped 25% on Tuesday.

The Magic Internet Money (MIM), a stablecoin issued by Abracadabra Money, slightly lost its parity with the US dollar. The post MIM stablecoin slightly loses dollar parity amid fears of partial FTT backing appeared first on The Block.

The previous year turned out to be the wealthiest season for altcoins. As most of those had outperformed the most dominant asset Bitcoin. One such asset that amazed the crypto space with massive price spikes in Q1 was the FTX token. The FTX is built on the ERC-20 token and is a crypto derivatives exchange.

Raoul Pal, the former head of global strategy at Goldman Sachs, is disappointed with Binance's decision to liquidate its entire token portfolio of the cryptocurrency exchange FTX (CRYPTO: FTT).  What Happened: Pal is concerned that Binance “most opaque cryptocurrency exchanges with no reporting or ownership”, is trying to push another “opaque cryptocurrency exchange” and an overly entangled trading firm (referring to crypto exchange FTX) into insolvency.

With the ongoing controversy between two major cryptocurrency exchanges – FTX and Binance – and the latter dumping $500 million worth of FTT, it is no surprise that FTX token's price and market capitalization are taking a dramatic hit.

Earlier, CZ threatened that Binance would liquidate all the FTT tokens in its book.

Bankman-Fried stands firm, FTX token slips, and BNB coin rises. Speculations of FTX's insolvency have swirled around the crypto market after Binance CEO Changpeng Zhao shared a revealing statement.

The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

FTX's FTT token lost roughly 30% of its value in the last 24 hours after 1.9 million FTT tokens — worth roughly $44 million at the time — were moved from the Genesis over-the-counter (OTC) Desk to FTX on November 8, according to Wu Blockchain. The post FTT tanks 30% after 1.9M tokens moved to FTX, Binance denies selling appeared first on CryptoSlate.

FTX FTT token lost roughly 30% of its value in the last 24 hours as Binance CEO Changpeng Zhao has reportedly denied that the exchange has sold its positions in the asset. The post FTT tanks 30% after 1.9M tokens moved to FTX, Binance denies selling for now appeared first on CryptoSlate.

Changpeng Zhao (CZ) has said he would continue to support the "free market" and refutes claims of a plot against FTX in a recent statement

FTT holds up well despite sales prompt FTX to unexpected stress test

CZ signaled that he isn't interested in an offer from Alameda to buy out Binance's FTX Tokens saying they'd rather “stay in the free market.”

Crypto exchange Bybit's native token BitDAO (BIT) plummeted 20% suddenly on Tuesday. Ben Zhou, the co-founder of crypto exchange Bybit, believes that Alameda Research dumped BIT tokens and breached the commitment to avoid selling each other tokens for at least 3 years.

The price of FTX's FTT token has decreased significantly over the last hour. According to data tracked by CoinGecko, the token's price dropped 19%, from approximately $22 to under $18 shortly after 10:00 p.m.

The battle between crypto exchange behemoths Binance and FTX is raging on while the latter's native FTT price is tanking. The post FTX Token FTT Price Tanks 32%, Binance CEO Denies the Blame  appeared first on BeInCrypto.

May is not that far and the crypto market is about to witness another crash, this time through FTX and Alameda Research platforms. Even top crypto analysts and experts have advised investors to invest in FTX through their own risk.

FTT (CRYPTO: FTT), the token created by crypto exchange FTX, dropped significantly amid an intensive sell-off fueled by Binance (CRYPTO: BUSD) CEO Changpeng Zhao's announcement to liquidate his company's entire holding of FTX native tokens. What Happened: According to CoinMarketCap, FTT is down 19.29% in the past hour.

Ethereum started a major decline below the $1,500 support against the US Dollar. ETH faced an increase in selling after the market dumped FTT, SOL, and DOGE.

FTX Token (FTT), the native cryptocurrency of crypto exchange FTX has plunged by another 20% over the last hour falling under $20. As of press time, FTT is trading 19% down at a price of $18.46 with a market cap of $2.4 billion.

The Elon-Twitter deal has been making headlines, but few know why he wanted to purchase the social media platform in the first place. Elon Musk wants to transform social media and ensure that Twitter represents his vision of free expression. However, this does not mean that his plan or vision is error-free.