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Cryptocurrencies understood to have exposure to Sam Bankman-Fried, FTX, and Alameda Research appear to have been impacted the most.
BTC and altcoins collapse following news that Binance declined to purchase FTX. Analysts share their perspectives on what’s next for the market.
The firm pushed Maple Finance to halt Alameda’s dedicated borrower pool earlier this year.
“With a global MiCA, the FTX crash would not have happened,” said European Parliament economics committee member Stefan Berger.
Similar protocols are used by Kraken, Bitmex, Gate.io, and many other exchanges, but were not used by FTX.
Binance faces far less competition in the aftermath of FTX’s fall, but it still may not win a surge in new users.
Pages for the quantitative trading firm and the venture capital arm have been taken offline and made private.
Binance cited allegations of mishandling of consumer funds and investigation from regulators as reasons for exiting the agreement.
Political newcomer and Bitcoin holder J.D. Vance will take Rob Portman’s U.S. Senate seat in Ohio, but majority control of both chambers of Congress has yet...
South Korea’s central bank has tested purchasing NFTs with their central bank digital currency (CBDC).
