Crypto Patel
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Welcome to the CP community. We provide you Crypto-Trading Charts, calls, updates & news with good accuracy.

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#Binance & #FTX News


Binance Backs Out Of FTX Deal
NEW:-
Visa ends global card partnership with #FTX.
#FTX hacker bought 7000 eth just now

Why is his wallets no frozen coinbase and usdt.

Stealing funds and buying eth.
List of investors and creditors stating the size of their exposure to #FTX
Global update

1. 📉Tesla, $Tsla, Is Down 11% Today.
2. NBC News reports that #FTX founder SBF will be released on $250 million bail.
BREAKING: Sam Bankman-Fried pleads not guilty to all charges in #FTX fraud case.
JUST IN: IRS has hit #FTX exchange with a $41,570,751,849.37 tax bill.
Just In: Bankrupt FTX Recovers $7 Billion in Liquid Assets

🔥 FTX.com misused customer funds, owing them $8.7B.
💰 $6.4B in misappropriated fiat currency and #stablecoins
💎 $7B in liquid assets recovered, more possible.
📝 CEO John J. Ray III exposes deliberate mismanagement.
🌐 FTX.com deceived banks, auditors, and shifted jurisdictions.
⚖️ Founder Sam Bankman-Fried faces criminal charges.
💼 FTX.com in bankruptcy, #FTX2.0 uncertain.
⚠️ Damaged reputation, funding challenges for #FTX Group.
Future of FTX exchange uncertain, attracting users and investors a hurdle.
🚀 Serious implications for FTX.com and stakeholders.
BIG NEWS:- #Worldcoin Angel Investors: A mix of controversy & tech giants!

👉Bankman-Fried, facing legal challenges related to #FTX crypto exchange, & billionaire Reid Hoffman, linked to Epstein's island!

👉Unclear how much of the $100M came from them. 🤔
🚨 Legal Troubles Update:

#Binance and #Coinbase facing lawsuits

while #FTX restarts operations

Cryptocurrency exchanges experiencing #WeirdTimes

(
CryptoNews - November 14, 2023

📉 Market Movements:

• CoinDesk Market Index (CMI): 1,438, down 1.4%
• Bitcoin (BTC): $36,346, down 0.9%
• Ethereum (ETH): $2,036, down 0.2%
• S&P 500: 4,411.55, down 0.1%
• Gold: $1,950, up 0.2%
• Nikkei 225: $1,950, up 0.2%
#CryptoMarket #BTC #ETH #Gold #Nikkei225

🚀 Top Stories:

• Fnality Funding: Raised $95 million for tokenized major currencies, backed by central bank cash. #Fnality #BlockchainFunding
• XRP Futures Loss: Traders lost $7.26 million due to false BlackRock ETF rumors. #XRPFutures #CryptoVolatility
FTX-BlockFi Settlement: Can begin claims negotiation after court order. #FTX #BlockFi #CryptoBankruptcy

💹 Market Insight:

• Crypto Fund Inflows: Reached $1.14 billion in 2023, with $293 million last week.
🌐 ProShares’ Bitcoin Strategy ETF (BITO) achieves record high assets under management, signaling strong institutional interest.
💼 Grayscale is updating its trust agreement, preparing for a transition to a spot bitcoin ETF, ensuring it stays competitive.
📉 ARK Invest offloads Coinbase stock, divesting $5 million and purchasing shares in Robinhood and SoFi Technologies.
📊 Latest Market Prices:
• Bitcoin (BTC): $37,918 (📉 -0.5%) #Bitcoin #BTC
• Ethereum (ETH): $2,052 (📉 -0.1%) #Ethereum #ETH
• S&P 500: 4,550.58 (📉 -0.1%) #SP500
• Gold: $2,057 (📈 +0.5%) #Gold
• Nikkei 225: $2,057 (📈 +0.5%) #Nikkei225
🏛 FTX estate granted court approval to sell Grayscale and Bitwise trust assets worth about $873 million. #FTX #cCryptoAssets
The Unfolding of the Sam Bankman-Fried Donation Scandal:

I. Introduction
Sam Bankman-Fried, the former CEO of FTX, has been accused of donating $100 million in stolen customer funds to US politicians.

II. Background
#FTX was a popular cryptocurrency exchange that collapsed in 2022, leading to the discovery of the alleged misuse of customer funds.

III. Political Donations Scandal
a. Sam Bankman-Fried allegedly donated $100 million in stolen customer funds to various US politicians.
b. The donations were made to both Democrats and Republicans.
c. The donations were used to influence the direction of policies and laws affecting the #Cryptocurrency industry.

IV. Government Response
a. The US Government initially announced six charges against SBF, including a political campaign finance violation.
b. The government has now dropped these charges and will not prosecute SBF for the political campaign finance violation.

V. Conclusion
The Sam Bankman-Fried donation scandal raises questions about the integrity of the political system and the influence of money in politics. It also highlights the need for stronger oversight and accountability in campaign finance to prevent such incidents from occurring in the future.
🚨Top 12 Crypto News In The Last Couple of Hours

1️⃣ All Spot #Bitcoin ETF applicants submit final 19b-4 amendments.

2️⃣ Satoshi Nakamoto receives ~26.9 $BTC from an anonymous account.

3️⃣ VanEck pledges 5% of its spot #BitcoinETF profits to core Bitcoin developers at Brink.

4️⃣ #Solana daily transaction volume hits new high of $40B, massively outperforming 2023 already.

5️⃣ #Coinbase set to acquire a local company to expand derivatives offering in EU.

6️⃣ CertiK’s X account briefly hacked by #Forbes impersonator.

7️⃣ Banking app Dave to buy back $100M stake from #FTX.

8️⃣ North Korean hackers stole $600M in #crypto in 2023.

9️⃣ Nigeria’s central bank greenlights cNGN #stablecoin to launch in February.

🔟 LoganPaul to ‘buy back’ CryptoZoo NFTs a year after promising refunds.


1️⃣1️⃣ Celsius withdrawal request of > 200k ETH to be partially blamed for a blacklog causing ETH validators staked ETH withdrawal delay


1️⃣2️⃣ DCG completes the payoff of all short-term loans from Genesis.

Stay updated with the latest crypto news!
Market Update: #FTX Impact & $BTC Dumping 🤯

➡️ FTX emerges as key player in #GBTC outflow
➡️ FTX sells $1 billion of Grayscale's Bitcoin ETF
➡️ 22 million GBTC shares offloaded

🔰 Terraform Labs, led by Do Kwon, has filed for Chapter 11 bankruptcy protection, with an estimated range of $100 million to $500 million in both assets and liabilities.
JUST IN: JUDGE SENTENCES SAM BANKMAN-FRIED TO 25 YEARS IN PRISON FOR MULTI-BILLIONS DOLLAR #FTX FRAUD
The #FTX bankruptcy estate is selling 41 million locked $SOL worth $7.6 billion

🔹 Neptune Digital Assets' Solana Acquisition!
▪️ Acquisition: Secured 26,964 SOL at Nearly 70% discount ($64 per SOL vs. market price of $195)
▪️ Total Holdings: Boosted to 31,181 SOL, all earmarked for staking
▪️ Yield: Anticipating around a 7.5% annual yield from staking
🔹 Release Plan:
▪️ 80% of tokens to be released monthly until Jan 2028
▪️ 20% set for release in March 2025
🔹 Staking Rewards: Earned throughout the lock period
🔹 CEO's Take: Cale Moodie views this as a strategic move to enhance assets and revenue, capitalizing on Solana’s efficiency and potential for innovation.

Stay updated for more Updates.
🔵 FTX Recovery Update 🔵

🔹 Good News for #FTX Customers
Nearly all FTX customers are set to receive their funds back, with interest! After the collapse in November 2022, FTX announced that between $14.5 billion and $16.3 billion would be distributed back to users.

🔹 Reimbursement Details
- Customers and creditors owed $50,000 or less will receive about 118% of their claim.
- This covers approximately 98% of FTX customers.
- After full claim payments, additional interest may be paid if funds are still available.

🔹 Note on Crypto Value
- Customers will be paid back the cash value of their cryptocurrency assets from the time of FTX’s collapse, plus some interest.
- However, this might be less than the current market value, as crypto prices have surged since then.

🔹 Next Steps
The reimbursement plan is awaiting final approval in U.S. Bankruptcy Court.