CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

ftt

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

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.

By Sam Reynolds

Nov 9, 2022 at 6:49 a.m. UTC

Nov 9, 2022

Tom BradyFTXFTTGisele BündchenSam Bankman-Fried

CDCROP: FTX's exchange token dropped to as low as $4 from $22 less than a day ago. (CoinDesk)

FTX Token Falls 80% Despite Binance Bailout as Alameda Contagion Spreads to Bitcoin

FTT token's crash theoretically could wipe out billions from Alameda's balance sheet, deepening its financial woes, according to an analyst. Bitcoin fell to a 23-month low.

By Krisztian Sandor

Nov 8, 2022 at 9:14 p.m. UTC

Nov 8, 2022

Alameda ResearchFTXBinanceMarketsTradingFTT

Alameda Thanked for ‘Prompt Response’ in Transferring $37M of BitDAO Tokens

The community behind BitDAO earlier feared that Sam Bankman-Fried's crypto trading firm might liquidate some of its token holdings as speculation sends prices plunging for the related FTX exchange's FTT tokens.

By Jocelyn Yang

Nov 8, 2022 at 8:30 p.m. UTC

Nov 8, 2022

FTXBitDAOAlameda ResearchFTTMarketsTrading

Mercados

No-livewire

El token FTT se desploma por temor a un posible contagio de Alameda en el mercado

FTT cayó casi 20% en una hora, mientras que SOL de Solana bajó 17% y SRM de Serum, 10%.

By Sam Reynolds

Nov 8, 2022 at 3:00 p.m. UTC

Nov 8, 2022

no-livewireFTXFTT

CDCROP: Magic Internet Money MIM chart (Coingecko)

Markets

Ftt

Abracadabra's MIM Stablecoin Briefly Lost Dollar Peg as FTX's FTT Token Tanked

FTT is the largest collateral backing MIM, accounting for 33% of the total collateral locked in Abracadabra's "cauldrons."

By Omkar Godbole

Nov 8, 2022 at 12:54 p.m. UTC

Nov 8, 2022

FTTStablecoinsMarketsFTX

CDCROP: Looking at fingerprint through magnifying glass. (bluebudgie/Pixabay)

Markets

Bitdao

BitDAO Community Asks Alameda for Proof of Funds After BIT's Sudden 20% Drop

The BitDAO community has said that it will vote on what to do with its FTT tokens if Alameda fails to provide evidence that it continues to hold BIT tokens as promised. Alameda has promised to provide the evidence soon.

By Omkar Godbole

Nov 8, 2022 at 6:16 a.m. UTC

Nov 8, 2022

BitDAOAlameda ResearchFTXFTT

Markets

Bitcoin

Bitcoin, Ether Slide as Protective Puts Draw Demand Amid Sell-Off in FTX's Token

Options market tied to bitcoin and ether shows renewed bias for puts, perhaps a sign of investor fears the FTX-Alameda drama may bring another market-wide crash.

By Omkar Godbole

Nov 8, 2022 at 5:18 a.m. UTC

Nov 8, 2022

BitcoinEtherMarketsDerivativesOptionsFTTFTX

Markets

Ftt

FTX Token Plummets on Withdrawal Concerns as Contagion Hits Broader Crypto Markets

The FTT price has declined nearly 14% over the past 24 hours, with Solana's SOL and Serum's SRM taking losses along with bigger cryptocurrencies like bitcoin and ether.

By Sam Reynolds

Nov 8, 2022 at 3:28 a.m. UTC

Nov 8, 2022

FTTFTXTradingInvestingSOLMarkets

FTT futures open interest (Source: Coinglass.com)

Markets

Ftx

Open Interest in FTT Futures Doubles as Binance Moves to Liquidate FTX Token Holdings

Open interest has doubled to $203 million, with bearish bets in demand, as Binance's entry into the FTX-Alameda drama has caused panic among investors.

By Omkar Godbole

Nov 7, 2022 at 6:43 a.m. UTC

Nov 7, 2022

FTXBinanceFTTMarketsDerivativesFutures