$101,439.00
4.95%$2,049.00
13.38%$2.25
6.06%$620.92
3.67%$159.92
9.45%$0.999953
0.00%$0.190961
11.64%$0.735154
11.18%$0.255337
3.13%$2,048.17
13.44%$3.95
20.74%$101,442.00
5.03%$15.33
12.65%$21.39
11.49%$0.283209
9.49%$2,458.32
13.39%$418.92
16.41%$0.000014
10.46%$8.81
1.44%$0.191504
9.75%$1.00
0.01%$3.21
7.24%$22.00
5.45%$92.89
6.11%$4.32
10.82%$2,050.74
13.52%$295.34
5.16%$4.44
4.96%$0.99916
-0.09%$2,186.47
13.61%$1.001
0.02%$101,477.00
4.98%$0.632515
9.10%$0.00001023
25.45%$29.68
3.62%$417.71
17.03%$5.56
16.13%$5.23
10.82%$1.051
0.00%$2.61
15.34%$52.45
3.59%$0.952976
11.18%$191.22
12.63%$1.00
0.00%$0.096733
6.57%$17.75
11.37%$21.79
3.39%$5.00
10.09%$32.82
9.96%$0.098147
8.64%$12.47
15.68%$0.739964
4.74%$4.67
14.06%$0.02730551
11.08%$0.25111
15.32%$0.998983
-0.15%$103,397.00
7.09%$1.17
-0.03%$4.45
8.21%$0.753468
13.50%$2.85
12.21%$0.217498
10.45%$4.35
0.76%$0.315064
18.88%$0.562148
11.52%$2.73
14.98%$0.348884
15.71%$4.32
5.46%$0.999216
0.18%$0.00001939
17.38%$0.965371
14.11%$1.031
12.85%$94.99
6.17%$1,648.16
13.23%$10.96
2.30%$0.46346
12.03%$167.79
9.36%$0.845312
8.19%$0.01966952
3.03%$1.26
1.78%$2,050.97
13.50%$0.07618
5.40%$1.80
38.09%$1.17
22.36%$2,133.96
13.29%$0.222085
13.28%$100,998.00
4.47%$4.11
9.90%$0.664012
13.40%$0.599773
14.66%$1.00
0.04%$10.81
15.38%$202,948.00
111.43%$0.741587
12.86%$2,326.81
13.55%$0.100351
12.01%$0.998775
-0.14%$0.01422662
34.92%$620.46
3.58%$0.999737
0.01%$0.00008846
17.96%$14.72
2.03%$206.34
9.49%$0.01725161
12.79%$176.99
9.52%$3,310.86
-2.26%$0.813685
15.81%$101,591.00
5.38%$0.90158
18.42%$2.76
16.97%$0.633674
17.34%$39.83
11.89%$1.00
0.01%$3,314.23
-2.30%$101,516.00
5.42%$0.223531
10.00%$2,185.84
13.63%$100,188.00
4.92%$0.01710244
14.45%$0.748038
5.78%$0.305024
13.60%$0.073694
42.12%$0.00000073
5.92%$3.92
4.48%$2.19
9.82%$0.118435
8.99%$20.53
17.03%$0.67096
24.78%$41.25
5.71%$2,148.31
13.55%$0.997787
-0.01%$0.400347
10.26%$0.999558
0.08%$0.01862205
12.08%$0.581682
9.30%$0.32281
11.14%$0.732163
22.71%$1.11
0.96%$3.66
15.89%$1.77
12.34%$0.619347
29.28%$2,138.58
11.87%$0.459538
20.13%$0.00585005
12.05%$0.14831
12.27%$0.00936264
15.44%$0.206072
30.08%$101,211.00
4.75%$110.97
0.01%$0.459837
7.78%$0.998726
0.11%$0.190571
11.41%$7.47
11.33%$101,218.00
4.83%$0.999929
0.00%$1.36
9.78%$0.613061
11.51%$0.065917
-0.05%$0.481457
16.40%$16.65
9.97%$0.999905
-0.00%$0.0000227
9.08%$2,051.73
13.48%$95,784.00
1.21%$2,188.41
13.74%$0.141504
11.98%$1.60
9.63%$0.545038
13.84%$2,051.05
13.54%$0.00828445
16.37%$6.11
11.40%$0.00000043
2.42%$2,045.98
13.55%$1.70
6.21%$0.167739
7.87%$2,092.03
11.74%$2.59
12.91%$0.00604725
10.58%$0.251856
15.76%$3.45
20.69%$0.156737
4.25%$0.04282779
11.55%$1.086
0.05%$1.004
0.53%$0.079917
11.68%$0.087858
13.96%$2,053.99
13.69%$1.47
17.20%$0.00000098
33.94%$42.18
10.57%$0.56501
16.66%$0.390589
9.22%$0.375056
3.61%$32.78
2.20%$0.03601987
5.58%$0.00421915
5.35%$0.01842901
4.17%$1.002
0.11%$0.176915
4.87%$21.59
0.86%$0.99996
-0.02%$0.58753
31.66%$0.310959
25.68%$0.81281
6.88%$0.00006228
7.64%$1.39
6.30%$0.740767
15.77%$0.329379
12.69%$2,034.08
13.26%$0.719609
9.14%$0.999888
-0.08%$101,388.00
4.93%$0.999257
-0.00%$1.00
-0.01%$119.97
11.12%$0.0030885
10.63%$102,165.00
5.71%$0.0000015
2.49%$1.098
-0.11%$2,166.03
12.96%$2.65
11.09%$21.41
11.59%$0.210547
12.39%$0.236872
9.38%$0.03398366
8.07%$22.03
5.74%$1.00
0.00%$3,336.55
-1.46%$3.39
10.81%$22.71
8.16%$2,250.83
13.52%$0.00308798
16.47%$0.547484
7.00%$0.990777
31.23%$2,236.49
13.68%$0.270056
8.37%$3.32
16.58%$16.18
12.08%$1.26
-9.86%$2,033.43
4.77%$2.78
3.38%$2,050.71
13.47%$0.00348611
13.03%$0.03727264
7.68%$2,209.65
13.49%$22.03
5.68%$101,369.00
5.24%$0.01304449
9.41%Reading
FTX’s token is down over 58% in the past 24 hours to roughly $2.28 following news that Binance is backing out from the planned acquisition deal.
“We have decided that we will not pursue the potential acquisition of FTX.com,” Binance wrote on Twitter Wednesday afternoon.
As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we will not pursue the potential acquisition of https://t.co/FQ3MIG381f.
— Binance (@binance) November 9, 2022
In the turbulent wake of the last few days, FTT is now down a shocking 91% for the week, and is down 97% from its all-time high of $84.18 back in September 2021, according to price data from CoinGecko.
Reports of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) investigating FTX and its dealings are also likely to have spooked investors and contributed to FTT’s continued decline on Wednesday.
Earlier this week, Binance CEO Changpeng “CZ” Zhao wrote on Twitter that FTX was suffering from a “significant liquidity crunch.”
In response, Binance—one of FTX’s earliest backers—offered to acquire FTX in its time of crisis. The news of the possible acquisition made the future of FTX and its FTT token unclear. If Binance had acquired FTX, would FTT lose its utility?
Now, it looks like FTX has bigger problems.
On Tuesday, FTT had already fallen 78% from the previous day, plummeting from roughly $22 to under $5.
“In the beginning, our hope was to be able to support FTX’s customers to provide liquidity, but the issues are beyond our control or ability to help,” Binance wrote today on Twitter of its struggling rival. “Every time a major player in an industry fails, retail consumers will suffer.”
Zhao also suggested Wednesday that FTX’s days were numbered in a note to employees he later shared on Twitter.
“FTX going down is not good for anyone in the industry,” Zhao said. “Do not view it as a ‘win for us.’”
Top college football prospect Matai Tagoa’i is set to join football stars like Russell Okung, Odell Beckham Jr., and Trevor Lawrence by receiving his compensation in Bitcoin. The linebacker will be paid part of his earnings via the Strike app after signing a “name, image, and likeness” (NIL) deal with the University of Southern California (USC). The exact details of his package are not known, but some college football players, such as Shedeur Sanders, have received estimated payouts of up to $4....
The world’s largest asset manager BlackRock just debuted a new advertisement proselytizing the virtues of Bitcoin, but rather than cheer on the Bitcoin ETF issuer for its efforts, Bitcoiners aren’t happy. The video, which is housed on the iShares Bitcoin Trust (IBIT) ETF page on BlackRock’s website, spends three minutes walking viewers through the evolution of money and key fundamentals of Bitcoin. One of those fundamentals is Bitcoin’s 21 million fixed token supply. While the video explains t...
El Salvador may have reached a deal with the International Monetary Fund that will see the tiny country scale back its Bitcoin law—but it’s still going to “HODL.” And it might even step up its BTC buys. That’s according to Stacy Herbert, the head of El Salvador’s National Bitcoin Office, who wrote on X (formerly known as Twitter) Thursday that the country may even continue buying the cryptocurrency at an “accelerated pace” going forward. El Salvador in 2021 made Bitcoin legal tender along with...
