The collapse of the FTX Derivatives Exchange has placed all regulators on the edge and White House Press Secretary Karine Jean-Pierre said the Biden administration is monitoring the development surrounding the trading platform and the broader digital currency ecosystem.
New Twitter owner Elon Musk recently sent his first company-wide email to staff, halting remote work culture.
Following the recent liquidity crisis, SEC and the CFTC have launched an investigation into the operations of FTX US and understanding its relationship with its international entity FTX.com.
The US arm of troubled company FTX is closing trading activities soon but still permits customers to make withdrawals.
American multinational technology company, Amazon is reportedly undergoing a comprehensive review of its business units in an effort to identify areas it needs to prune workers from.
As the inflation data showed some relief, innovation stocks rallied hard pushing up the ARKK Innovation ETF to its biggest single-day gains.
Tron and Tron-based tokens have surged between 500% and 4000% on the FTX exchange as the exchange pursues alternative options to get out of its liquidity crunch.
Leading exchange Binance recently announced that users can now make payments for crypto using a debit/credit card.
As inflation data cooled down the markets reacted with a very strong rally. Ath the same time, the Treasury Yields also plunged.
The options left for FTX and Alameda Research are notably streamlined at this time. The expectation that the company’s assets outside of its US subsidiary will be acquired by Binance exchange fell apart as Binance pulled out of the deal.
NFL legend Tom Brady, and his former wife, are among several household names to lose sizable stakes following the recent FTX collapse.
Amid the ongoing FTX financial crisis, Sequoia Capital has marked its $210 million investment with the exchange down to zero.
Justin Sun did not state any details about the solution he is working on with FTX.
From the current reality, FTX is likely to file for bankruptcy protection if it does not get the cash injections it needed to fulfill customers’ withdrawal requests.
Binance is reportedly having second thoughts about acquiring FTX after reviewing the embattled exchange’s financials.