Global equity markets & crypto are down modestly, while rates are higher. Much of the focus remains on the fallout from @FTX_Official's collapse, with news including Bahamian liquidators rejecting the validity of FTX’s US bankruptcy filing;
Singapore’s sovereign wealth fund @Temasek wrote down its 275m investment in @FTX_Official & FTX US to zero; @FSCDems will hold a hearing on FTX in December & is seeking testimony from @SBF_FTX @binances role in the FTX collapse has come under US congressional scrutiny
El Salvador revealed plans to start buying one Bitcoin every day; @Tether_to announced it has no exposure to @GenesisTrading or @Gemini Earn; @Sony is looking to patent blockchain & NFT tech for usage in games; Republicans secured a US House majority, splitting Congress w Dems
For other notable news of the day, check out the full crpyot market commentary here:
this twitter thread.