Newsletter Nov 10, 2022
Binance Walks Away From Deal That Would Have Saved Rival FTX

Binance will not acquire rival exchange FTX after looking at the latter's books.


Without Capital Injection, FTX To Likely File For Bankruptcy

FTX CEO Sam Bankman-Fried told investors that his firm has an $8 billion hole in its balance sheet and additional capital needed.



'Shibarium When': Poll Reveals Shiba Army's True Sentiment Toward Project's Launch

Lucie (more popularly known as GossipShib), who used to be a Shiba Inu Growth Breed member, conducted a poll to take the pulse of the Shib Army.

A SOL Sell-Off From Alameda Looms Over Investors, And SOL Unlocking Is Imminent

Around 34,247,996 SOL tokens will get unlocked at Epoch 370, which will occur at around 3:37 a.m. ET Thursday.

SEC And DOJ Probing FTX's Sudden Collapse

The agencies were reportedly in close contact Wednesday and watching the demise of one of the biggest crypto firms in the space.

Blockchain Intelligence Firm TRM Labs Raises $70 Million From Thoma Bravo

TRM Labs has raised $70 million in an extended Series B funding round from Thoma Bravo which will be used for product development and talent acquisition.

Crypto On Thursday: Market Continues To Bleed

The crypto market on Nov. 10 witnessed a significant decline in the price of Bitcoin (BTC) which dropped to its two-year low after briefly losing $16,000.


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