The market is still struggling in the wake of the FTX disaster. The CZ’s announcement of a recovery fund has helped to boost the mood on the pricing charts. Let’s learn more.
Bitcoin
Recent data shows that around 190,000 BTC were withdrawn from exchanges during the week following the announcement of FTX’s liquidity crisis.
Ethereum
After the FTX bankruptcy, regulators are now more focused on the crypto space. Experts claim that Ethereum’s move to proof-of-stake has “put a huge target” upon Ethereum.
DeFi
Due to a hack on the crypto exchange FTX, liquidity hub Serum had been forked.
Altcoins
Changpeng Zhao, CEO of Binance, stated in an AMA that most people shouldn’t invest in crypto markets right now but should hold on to their assets.
Technology
Changpeng Zhao revealed that Binance, his crypto exchange, will be the ‘guinea-pig’ for Vitalik Buterin’s Proof-ofReserves protocol.
Business
Shares of crypto bank Silvergate Capital dropped significantly on Friday, a sign that the FTX crash continues to spook investors.
The Liquidator who presided over the FTX Chapter 11, bankruptcy claims that it was worse then the Enron liquidation process.
The Securities Commission of The Bahamas announced it had directed that all digital assets of FTXDigital Markets Ltd (FDM), be transferred to a digital wallet managed by the Commission for safekeeping.
Just before suspending customer withdrawals, Genesis, a crypto lender, was looking for a $1 billion emergency loan.
Matter Labs has raised $200 Million in its latest Series C round of funding to help develop the platform’s ZkSync V2 rollup network.
Binance is now in the lead for the new sale of crypto lending platform, having pulled out FTX from Voyager’s bankruptcy purchase.
An audit by a third party revealed that the Luna Foundation Guard spent $2.8 Billion to defend the peg for the algorithmic stablecoin TerraUSD.
A string of celebrities with high profile careers, including Stephen Curry, Gisele Bundchen and Larry David, were sued for endorsing the now-bankrupt FTX cryptocurrency trading platform.
BlockFi, a crypto lender, is preparing to file for bankruptcy in the wake the collapse of FTX crypto exchange.
Liquid Global, a crypto exchange owned by FTX, has announced that it will suspend all crypto and fiat withdrawals due to the continuing market collapse.
Travis Kling, founder of Ikigai, posted the exposure of his company to FTX on Twitter. He stated that it couldn’t retrieve most its funds.
According to crypto compliance firm Argus Alameda Research amassed hordes tokens that were supposed be listed on FTX.
CZ announced on November 14 that he wanted to create an “Industry Recovery Fund” in order to support promising projects facing a liquidity crisis. Crypto prices soared after this announcement.
Regulation
Ripple, in spite of its ongoing battle against the SEC has announced that they are seeking to expand their presence in the European Union.
Alicia Haas, Coinbase’s CFO, stated that fraud issues can be found with centralized exchanges, and not crypto.
NFT
Cristiano Ronaldo, football superstar, has launched his first-ever NFT collection with crypto exchange Binance.
Disclaimer: This article is intended for informational purposes only. This article is not intended to be used for legal, tax, investment or financial advice.

  

The market is still struggling in the wake of the FTX disaster. The CZ’s announcement of a recovery fund has helped to boost the mood on the pricing charts. Let’s learn more. According to recent data, 190,000 BTC were withdrawn from cryptocurrency exchanges during the week following the announcement of FTX’s liquidity crisis. EthereumRegulators are scrutinizing the crypto space with even more of a keen eye after the FTX bankruptcy, and experts are claiming that Ethereum’s switch to proof-of-stake had “put a huge target” on Ethereum’s back.DeFiLiquidity hub Serum had to be forked as it was compromised when a hack targeted the crypto exchange FTX.AltcoinsBinance CEO Changpeng Zhao said in an AMA that most people should not invest in the crypto market now but should continue to hold.TechnologyChangpeng Zhao has revealed that his crypto exchange Binance will act as the ‘guinea pig’ for Vitalik Buterin’s Proof-of-Reserves protocol. BusinessShares of crypto bank Silvergate Capital dropped significantly on Friday, a sign that the FTX bankruptcy continues to spook investors. The liquidator who presided over the Chapter 11 bankruptcy claimed that it was worse than Enron’s liquidation process. The Securities Commission of The Bahamas announced that they had directed that all digital assets of FTX Digital Markets Ltd. (FDM), be transferred to a digital safekeeping account. This was in response to Genesis’ request for a $1 billion emergency loan. Binance is now in the lead after the withdrawal of FTX following Voyager’s bankruptcy. A third-party audit revealed that the Luna Foundation Guard spent $2.8 million to defend TerraUSD (UST) as a peg. Numerous celebrities including Stephen Curry, Naomi Osaka and Gisele Bundchen were sued for endorsing the now-bankrupt FTX cryptocurrency trading platform. BlockFi, a crypto lender, is preparing to file for bankruptcy in the wake the collapse of the FTX cryptocurrency exchange. As the FTX collapse continues, Liquid Global, a crypto exchange owned by FTX, has announced that it will suspend all crypto and fiat withdrawals. Travis Kling, founder of Ikigai, posted the company’s exposure on Twitter and stated that it couldn’t retrieve most funds. As per crypto compliance firm Argus, Alameda Research amassed hordes of tokens that were supposed to be listed on FTX.Crypto prices shot up on November 14 after CZ declared on the news that he wants to put together an “Industry Recovery Fund” to support promising projects undergoing a liquidity crisis.RegulationAmid its ongoing battle with the SEC, Ripple has announced that it is seeking to expand its presence in the European Union (EU).Coinbase CFO, Alicia Haas, says that fraud issues are with some centralized exchanges and not with crypto.NFTFootball superstar Cristiano Ronaldo has launched his first-ever NFT collection in partnership with crypto exchange Binance. Disclaimer: This article is intended for informational purposes only. This article is not intended to be used for legal, tax, investment or financial advice.