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"Last week, Alameda's balance sheet was questioned, and Binance also announced that it would liquidate FTT and other assets related to the FTX exchange," Griffin Ardern, a volatility trader from crypto asset management firm Blofin, said. "This appears to have caused a panic among investors, who chose to hedge their
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The CEO of cryptocurrency exchange Binance, Changpeng “CZ” Zhao, said his company will liquidate the entirety of its position in FTX Token (FTT), the native token of competing exchange FTX.In a Nov. 6 tweet, Zhao said the decision was made after “recent revelations that have came to light.”In a later
Read MoreAlameda’s CEO, meanwhile, tweeted that her trading firm’s financial condition is stronger than what was reflected by the balance sheet CoinDesk wrote about. She also offered, in a reply to the Binance CEO’s post, to buy his firm’s FTT token holdings for $22 each. Original Source
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The reason for the initial price drop stemmed from a confusing maneuver carried out by pNetwork – a firm that locks up GALA on Ethereum and re-mints it as “pGALA” on Binance Smart Chain. When pNetwork found a vulnerability in its bridging code, it executed a “white hat” attack on
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As of September 30, 2022, the original cost basis and market value of MicroStrategy’s bitcoin were $3.983 billion and $2.532 billion, respectively, which reflects an average cost per bitcoin of approximately $30,639 and a market price per bitcoin of $19,480.51. Source
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Ripple Lab’s XRP token holdings have dropped below 50% of the total circulating supply for the first time in the company’s history. Ripple has faced criticism in the past by some that have raised questions over the firm’s significantly large ownership of XRP tokens, arguing that it gives the company
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Overall for the third quarter, Tesla reported adjusted earnings per share of $1.05, beating the consensus of analyst estimates reported to FactSet of $1.00 a share, on revenue of $21.45 billion, shy of a $21.98 billion estimate. Shares of Tesla were falling just over 4% to $212.83 in after-hours trading
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It’s time for Brian Armstrong to make his move. While other billionaire CEOs try to buy bankrupt crypto companies on the cheap,
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The company has been gradually replacing its commercial paper holdings with U.S. Treasury bills. Original Source
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“We expect the disconnect between the reported carrying value on our balance sheet and the fair market value of our bitcoin holdings to grow significantly over time,” MicrosStrategy CEO Phong Le said in a letter to the FASB last year, as quoted by WSJ. Source
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