The crypto market fell into a deeper hole than it had been in the early hours.
Though Genesis said it had no plans to file for bankruptcy, a report suggested that the firm had already warned investors of the worst case:
It was said to seek help from @binance too, but failed:
FTX Group has cash balance of 1.24B:
@SBF_FTX his parents and FTX execs bought at least 19 properties worth ~121M in the Bahamas:
Meanwhile, FTX victims were warned against an impersonator pretending to be SBF and promising to compensate users - just to drain their wallets.
In terms of macro, Fed's Mary Daly said the policy rate was currently in "modestly restrictive" territory and "there is more work to do" to get monetary policy in the right place to cool inflation.
FOMC minutes could contribute to the current volatility.
The clear winner among top 100 today should be HT with a 7.25% surge.
The spike was powered by @HuobiGlobal refreshed brand for global expansion, with the aim of bringing more value to the crypto space.
That's a wrap!
Join us on Twitter and Telegram for the latest updates (we also provide you with a collection of insights from thought leaders in the Telegram channel every day 😉).
Telegram: Contact @COIN360comablockquoteblockquotea href="https://t.me/COIN360Channel">Telegram: Contact @COIN360Channelablockquotep Enjoyed the summary? Show some love on our first tweet:
Support much appreciated!this twitter thread.