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FTX Crisis
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FTX Crisis: An Overview
To Samuel Haig
Fear Twelve hours after Binance dashed hopes of an orderly bailout of FTX, the cryptocurrency market is in turmoil. Digital assets reach new lows, a potential savior emerges in the form of Tron’s Justin Sun, and more as authorities surround the battered exchange and its sister company Alameda Research. There is growing concern that the damage caused by
👉Read the full story on DEFIANT.IO👈
FTX Crisis: DeFi Impact
To Owen Vernau
vibe Don’t blame DeFi. That’s the atmosphere that’s flowing into the decentralized financial community as project teams and investors deal with the damage wrought by the decentralized financial community. meltdown FTX, a centralized derivatives exchange.
contagion DeFi proponents had nothing to do with the practices that sunk Sam Bankman-Fried’s famous company, but were affected by the contagion from its demise.
👉Read the full story on DEFIANT.IO👈
The Knights Who Say No is the brainchild of Nick Richey, award-winning indie writer and director as well as guardian of the world’s largest private collection of weapons and armor. Knights ties in with Nick’s love of media and antiquities as a multi-platform media company on a mission to democratize access to the world of antiquities.
Knights has developed photogrammetry technology to bring unique ancient objects into the Metaverse in 3D, allowing you to see swords, rapiers, battle helmets and more up close. The project he started with four culture “drops”, each release representing a different ancient warrior culture. Each drop will contain a limited release of a 2D collectible avatar and a 3D collectible artifact NFT.
This month, Knights opens the door to an elaborately constructed universe. Token holders will be challenged to “Slay The Dragon” and gain access to a hidden writer’s room with exclusive first-look access to first draft scripts and concept art, as well as critical decisions regarding their collection. receive votes for To step into the immersive, multicultural world of Knights, follow these steps: @Knights Say Nah Join Knights on Twitter discordand visit Knightssaynah.com.
FTX Crisis: Solutions
To Samuel Haig
life line While many crypto traders are waiting with bated breath to find out the fate of the funds trapped on the failed FTX exchange, Tron founder Justin Sun has offered a lifeline to FTX’s stranded customers. may be preparing to throw a
👉Read the full story on DEFIANT.IO👈
FTX Crisis: Solana
Havoc evident The collapse of the virtual currency exchange FTX It has wreaked havoc on the Solana ecosystem, with another centralized exchange reportedly suspending deposits of Solana and blockchain stablecoins. maximum The protocol hangs by claws on Tuesday.
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FTX Crisis: Binance Trading
tail spin Binance, the world’s largest cryptocurrency exchange, has announced that it will be leaving the cryptocurrency exchange. provisional contract The announcement to acquire competitor FTX sent the cryptocurrency plummeting late Wednesday afternoon.
👉Read the full story on DEFIANT.IO👈
NFT Marketplace
To Owen Vernau
commission OpenSea, the top NFT marketplace by volume, will continue to implement Creator Fees on its existing platform for collections. This means that creators of NFT collections already traded on OpenSea will still be able to collect royalties on their trades, unlike many exchanges that have made royalties an option.
👉Read the full story on DEFIANT.IO👈
tornado sanctions
To Taran Kaitan
mixer The Biden administration has upped the stakes in the Tornado Cash sanctions lawsuit, alleging that a cryptocurrency mixer was involved in facilitating transactions related to North Korea’s nuclear weapons program.
👉Read the full story on DEFIANT.IO👈
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DeFi Explainer
fixed rate 88mph is Ethereum based, Decentralized application (dApp) For users who want to borrow or lend at a fixed interest rate. But rather than being a self-contained protocol, 88mph is actually a mediator for more popular third-party lending dApps such as Aave and Compound. It is designed for advanced he DeFi investors who understand the dangers of financial complexity.
👉Read the full story on DEFIANT.IO👈
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A few days ago, I asked on Twitter, wondering who the Lehman Brothers would be in this cryptocurrency credit cycle.
Binance CEO Changpeng Zhao said a day after he coordinated a bailout of his crypto exchange rival, that the near-collapse of FTX had “hugely shaken” confidence in the crypto industry, prompting regulation. He said strict surveillance by the authorities would begin.
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