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Cryptocurrencies such as BNB and FTT have been seeing some downside in the last 24 hours. This follows an eventful weekend that has culminated in what has been a clear intention of crypto exchange Binance to begin dumping its FTT holdings.
Chengpeng “CZ” Zhou, CEO and founder of Binance, has thrown some shade at competitor FTX announcing via Twitter it will be exiting its holdings of FTT, the native token of FTX, “due to recent revelations.” The revelations were not disclosed.
Glassnode data, as analyzed by CryptoSlate, shows that around 50 million FTX's FTT tokens have been dumped on exchanges following Changpeng Zhao's announcement that Binance would liquidate its FTT position over the coming months. The post FTX's FTT risks drastic fall as tokens flood exchanges appeared first on CryptoSlate.
Quick Take Rapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion. This issue of Rapid Insights summarizes the latest developments surrounding the rumors of FTX's solvency. While FTX has started seeing a backlog of withdrawals, likely due to rumors about its insolvency, it has not paused withdrawals. The tumultuous crypto markets and a series of precedents have certainly exacerbated the impacts of such allegations against FTX. Ultimately, FTX is being stress-tested in challenging market conditions and the outcome of this test will be a crucial one for the overall crypto markets.
With weekly stablecoin outflows topping $451 million, investors appear to be taking their tokens off FTX just as Binance dumps its FTT.
FTX nodes have reached peak capacity as billions are withdrawn while Binance sells their FTT after SBF lobbied for crypto regulations.
Binance-FTX rivalry has seeped into public, with two crypto giants now openly attacking each other
FTX CEO Sam Bankman-Fried clapped back at rival Binance CEO Changpeng Zhao after the latter apparently threw shade at the billionaire via Twitter. On Sunday, Zhao said Binance was liquidating its FTT, or FTX Token.
If you weren't on Twitter on Sunday, November 06 to see what happened between Sam Bankman-Fried (SBF) and Changpeng Zhao (CZ). This article is for you.
The crisis surrounding FTX and its underlying token, FTT, is intensifying in the cryptocurrency community as one of the major exchanges in the world's trading activity appears even more suspicious than it did a few days ago. According to Binance CEO Changpeng Zhao, they obtained $2.1 billion in BUSD and FTT tokens from their early The post FTX On Bank Run?
Solana (SOL) News Updates: After gaining an encouraging push with the Google partnership news, Solana (SOL) price appears back at square one now. With nearly 13% price drop in last 24 hours, the cryptocurrency has all but lost its gains from the Google Cloud news.
Binance decided to sell FTT tokens after the discovery of the Alameda Research leaked balance sheet.
The new week starts off colored in red. More than 90% of the top 100 largest-capitalization cryptocurrencies trade below par
Binance co-founder and chief customer service officer Yi He has claimed that it is not in "a war" with FTX. The post Binance is not in ‘a war' with FTX, co-founder Yi He says appeared first on The Block.
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.
FTX CEO Sam ‘SBF' Bankman-Fried has taken to Twitter to call out a “competitor” for “trying to go after us” and reassured the industry that despite the attempt, “FTX is fine. The post SBF says ‘FTX is fine.
FTX token (FTT/USD) price is falling again, down nearly 4% at the time of writing on Monday morning, as selling pressure remained amid “rumours” about the crypto exchange FTX. Reported delays in customer withdrawals did not help the jitters, as has done Binance's announcement that it would liquidate all of its FTT.
SBF finally responded to the recent comments amid the FTT liquidation from Binance's CEO.
Sam Bankman-Fried denies Alameda insolvency and hints that Binance is spreading false rumors
Sam Bankman-Fried (SBF), CEO of FTX has come forward to clear the air over the allegations spread by the CZ, Binance. However, due to this clash between the crypto exchange chiefs the global digital market has suffered due to uncertainty.
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Sam Bankman-Fried also threw a barb at Binance CEO Changpeng Zhao, saying "I'd love it, @cz_binance, if we could work together for the ecosystem." The post ‘FTX is fine,' Bankman-Fried insists as he appeals for Binance to work together appeared first on The Block.
No sooner than Binance CEO, Chanpang Zhao (CZ) compared the FTT price plunge with the unfamous LUNA price slash, hefty withdrawals were registered in a very short time frame. Interestingly, the indicators point toward the revival of the bearish trend and hence the token is expected to continue shedding its value ahead.
FTX crypto exchange has recorded a surge in stablecoin withdrawals amid crowing unsubstantiated fears surrounding the exchange's financial status. According to Nansen data, more than $451 million in stablecoins have been withdrawn from FTX in the last seven days.
