FTX


Videos

Bitcoin Tumbles Following FTX’s Liquidity Crisis

Bitcoin (BTC) dipped 10% and ether (ETH) 17% in the past 24 hours as traders reacted to speculations around prominent exchange FTX’s liquidity issues. Defiance ETFs CEO, CIO, and co-founder Sylvia Jablonski discusses her outlook on the tumbling market.

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Videos

Rep. Jim Himes on Binance-FTX Deal, Crypto Regulation Outlook

U.S. Rep. Jim Himes (D-Conn.), who recently won reelection, discusses his reactions to cryptocurrency exchange Binance's takeover of rival FTX. Plus, his take on the outlook for crypto regulation following the midterm elections.

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Sam Bankman-Fried’s Crypto Exchange FTX Agrees to Sell Itself to Rival Binance

Binance agreed to buy rival cryptocurrency exchange FTX, a stunning outcome that followed days of speculation – spurred by a CoinDesk article on Nov. 2 – that FTX and corporate sibling Alameda Research faced a liquidity crisis. CoinDesk Deputy Managing Editor Tracy Wang discusses the state of the FTX-Binance deal and the potential ripple effects.

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Rep. Jim Himes on FTX-Binance Deal's Antitrust Concerns

The proposed sale of crypto exchange FTX’s non-U.S. business to Binance has drawn concerns of antitrust retaliation in the U.S. and elsewhere. Rep. Jim Himes (D-Conn.) weighs in. "We always are concerned when that happens," Himes said. "[But] I just don't know how traditional antitrust actors like the FTC and the Department of Justice would think about a market that is this volatile and changing this rapidly."

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Finance

Crypto Bank Silvergate’s Stock Defended By Analysts Amidst FTX Concerns

Shares have fallen this week on broader crypto market worries, including the fact that FTX is a customer.

Casa central de Silvergate Bank. (CoinDesk)

Videos

FTX Agrees to Sell Itself to Rival Binance

Binance agrees to buy rival cryptocurrency exchange FTX following a liquidity crisis faced by FTX and corporate sibling Alameda Research. Host Joel Flynn discusses whether investors should be concerned. That story and other news shaping the cryptocurrency world in this episode of "The Daily Forkast."

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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)