Newsletter Nov 18, 2022

DOGE Creator Says 'Game Over' If Binance Or Tether Collapses; Former Twitter CEO Agrees

The FTX debacle drags crypto winter and causes retail investors to lose trust on centralized custodial platforms.

'Regulators Make Everything Worse,' Sam Bankman-Fried Says In Leaked Chat

"There's no one really out there making sure good things happen and bad things don't," Bankman-Fried said.

SOL Price Plunges After Multiple CEXs Delist USDT, USDC On Solana

Retail investors say that the latest move related to Solana-based USDC and USDT may be connected to the FTX debacle, which has hit major industry players like BlockFi and Genesis.

'More Pain Ahead': Multicoin Says Crypto Market Won't Turn Around Anytime Soon

Multicoin Capital has "had too many assets on FTX" and foresees many trading firms to be "wiped out and shut down."

Binance Boss Pledges To Release Audit, Throws 'Psychopath' Jab

Last week, FTX filed for bankruptcy and Bankman-Fried resigned as chief executive, a day after Zhao scrapped plans to acquire the crisis-hit competitor.

Bullish Abu Dhabi Launches Cryptocurrency Hub Amid Unprecedented Market Crisis

The FSRA in UAE, which regulates Abu Dhabi's financial hub, released a list of guiding principles on its approach to digital asset supervision and regulation in September.

Salvadoran President Vows To Buy "one #Bitcoin Every Day'

Bitcoin traded at about $16,500 per unit on Thursday, down from $45,000 in September 2021 when El Salvador adopted the cryptocurrency, and some $68,000 two months later -- its highest historic value.

Kusama's Cryptic Tweet Sends Positive Vibe To Shib Army Amidst Crypto Market Crisis

Kusama did not make any comment on the FTX debacle and instead changed their Twitter bio to "Focused on Shibarium."

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