Binance


Layer 2

Why Did FTX Pause Withdrawals if It Wasn't Trading Customer Funds?

The exchange's own terms of service dictate customer balances shouldn't have moved. So what really happened?

FTX co-founder and CEO Sam Bankman-Fried says he's willing to lose money to help the crypto industry. (Jesse Hamilton/CoinDesk)

Markets

Bitcoin Hits 2-Year Low Below $16K After Binance Backs Out of FTX Deal

Bitcoin's price fell as low as $15,625 Wednesday. It was the first time the largest cryptocurrency has fallen below $16,000 since November 2020. The BTC price was down 14% on the day, the biggest plunge in almost five months.

Bitcoin (BTC) price over the past week, showing drop to $15,625 on Wednesday, the lowest since November 2020. (Source: CoinDesk)

Policy

What EU Merger Regulators Have in Store for Binance’s FTX Buy

European Union merger approval processes of 18 months can be sped up if there are concerns that FTX might topple, CoinDesk was told.

Binance CEO Changpeng Zhao at Consensus Singapore 2018 (CoinDesk)

Finance

Binance Is Strongly Leaning Toward Scrapping FTX Rescue Takeover After First Glance at Books: Source

Backing out would be one more stunning development in the collapse of Sam Bankman-Fried’s crypto empire.

Sam Bankman-Fried vs. CZ (CoinDesk)

Finance

Binance CEO Zhao Says Planned FTX Acquisition Is Not a 'Win for Us'

Zhao also noted in a Wednesday memo to staff that Binance had stopped selling its holdings of FTX's tokens given the ongoing due diligence for the deal.

Binance CEO and founder Changpeng Zhao (Antonio Masiello/Getty Images)

Finance

Bernstein: Binance-FTX Deal May Attract Antitrust Regulators’ Attention

The combined company would have a more than 80% share of the global crypto market, a report from the firm said.

European antitrust regulators may be interested in Binance's proposed acquisition of FTX. (Shutterstock)

Finance

Crypto Exchanges Scramble to Compile 'Proof of Reserves' as FTX Contagion Grips Markets

Nine prominent exchanges said they will publish proof-of-their-reserve holdings in the next month.

Anchorage Digital will be Apollo's crypto custodian. (Jason Dent/Unsplash)

Finance

Binance Tops Up Emergency Insurance Fund 'SAFU' to $1B After BNB Volatility

Binance token-related addresses were topped up with over $700 million in different tokens, while a bitcoin address was funded with $300 million.

Changpeng Zhao ,CEO of Binance, at Consensus Singapore 2018 (CoinDesk)

Markets

First Mover Asia: Prediction Markets Split if Binance Will Pull Out of FTX Deal; Bitcoin Drops 11%

Investors on Polymarket think there’s a 45% chance that Binance will pull out of the FTX deal and a 55% chance the deal goes through.

Founder and CEO of Binance, Changpeng Zhao, at a Rome appearance in 2022. (Antonio Masiello/Getty Images)

Markets

These Four Key Charts Shed Light on the FTX Exchange's Spectacular Collapse

Nansen’s on-chain metrics suggest several reasons why FTX decided to sell itself to Binance.

Obra de IA sobre el colapso. (DALL-E/CoinDesk)