FTX


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)

Markets

First Mover Americas: FTX Fallout Heats Up

The latest price moves in crypto markets in context for Nov. 9, 2022.

Former FTX CEO Sam Bankman-Fried (Jesse Hamilton/CoinDesk)

Finance

Crypto Fund Alameda's Ethereum Wallet Holdings Slumped 50% Since October

On-chain analysis shows Alameda has a $3 million debt spread over several Ethereum addresses.

(CraftyPease/Pixabay)

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

Stablecoin Heavyweights Circle and Tether Distance Themselves From FTX, Alameda

FTX was one of the investors in Circle's financing round of $440 million last year.

Director de Estrategia de Circle, Dante Disparte (izquierda), y director ejecutivo, Jeremy Allaire. (Nikhilesh De/CoinDesk)

Finance

NFL Legend Tom Brady Caught in FTX Fallout, Risks Losing Complete Strategic Investment

A tarnished record after coming out of retirement, a divorce and now a wipeout of the strategic investment in FTX. It has been a rough year for the seven-time Super Bowl champion.

Sam Bankman-Fried and Tom Brady at Crypto Bahamas conference in Nassau in April 2022 (Danny Nelson/CoinDesk)