2023-11-08 16:44:29

Binance To Acquire FTX.com As It Faces 'Liquidity Crunch': Here Are The Early Details - FTX Token (FTT/U

Benzinga

By Chris Katje

Two of the leading cryptocurrency companies are merging in a deal announced Tuesday. Here are the early details.

What Happened: The overall cryptocurrency market capitalization dropped on Tuesday on the heels of Binance-to-dump-all-holdings-of-bankman-frieds-ftx-tokens-wont-pretend-to-make-love-after- target=_blank class=core-block>Binance selling its position in the FTX token FTT/USD. The price of FTT significantly dropped over the last 24 hours and led to many of the top cryptocurrencies like Bitcoin BTC/USD and Ethereum ETH/USD falling.

Reports surfaced Tuesday that FTX was halting withdrawals as it saw investors liquidate positions.

As investors were dissecting the news and impact from the selloff, the leaders of Binance and FTX made a surprising announcement.

#bitcoin #ethereum #ceo #development #morgan

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CryptocurrenciesBy Mehab Qureshi2023-11-08 04:38:04

FTX Token (FTT) Plunges 19% In 1 Hour Amid Binance's Plan To Liquidate Entire FTX Native Token Holdings -

FTT FTT/USD, the token created by crypto exchange FTX, dropped significantly amid an intensive sell-off fueled by Binance BUSD/USD CEO Changpeng Zhao s...

#ceo #analysis #ethereum #cryptocurrency #market

CryptocurrenciesBy Mehab Qureshi2023-11-08 11:57:42

After FTT Plunge, Raoul Pal Weighs In On Binance-FTX Feud: 'Unsettling... Be Careful' - FTX Token (FTT/U

Raoul Pal, the former head of global strategy at Goldman Sachs, is disappointed with Binances Binance...

#raoulpal #portfolio #bitcoin #ethereum #goldmansachs

CryptocurrenciesBy Murtuza Merchant2023-11-08 15:04:10

FTX Temporarily Halts Withdrawals, On-Chain Data Shows: What You Need To Know - FTX Token (FTT/USD)

Cryptocurrency exchange FTX, whose token FTT FTT/USD is Binance -selloff target=_blank class=core-block>reeling under intense selling pressure following...

#cryptocurrency #ceo #bitcoin #ethereum #market

CryptocurrenciesBy Murtuza Merchant2023-11-07 15:36:22

Is CZ Spreading Rumors? Bankman-Fried Thinks So: Binance, FTX Drama Continues - LUNA (LUNA/USD), FTX Tok

FTX CEO Sam Bankman-Fried clapped back at rival Binance CEO Changpeng Zhao after the latter apparently threw shade at the billionaire Binance...

#ceo #twitter #treasury #bitcoin #fintech

CryptocurrenciesBy Shivdeep Dhaliwal2023-11-08 08:05:56

As Binance-FTX Feud Upends Crypto Market, Analyst Sees Winner Emerging In This 'Game Of Thrones' - Ethere

A Game of Thrones' between two of the largest cryptocurrency exchanges by volume Binance and FTX has commenced, according to GlobalBlock analyst Marcus...

#health #ceo #research #ethereum #throne

CryptocurrenciesBy Murtuza Merchant2023-11-07 07:57:54

Binance To Dump All Holdings Of Bankman-Fried's FTX Tokens - FTX Token (FTT/USD), Binance USD (BUSD/USD)

Binance BUSD/USD CEO Changpeng Zhao has said his company will liquidate its entire holding of the native token of cryptocurrency exchange FTX FTT/USD, over...

#ceo #cryptocurrency #business #research #ftx

CryptocurrenciesBy Mehab Qureshi2023-11-08 05:51:09

Bitcoin, Ethereum, Dogecoin See Large Liquidations Amid FTX Scare - Bitcoin (BTC/USD)

As Sam Bankman-Fried 's FTX witnesses an intensive selloff in its native token, FTT FTT/USD, Bitcoin BTC/USD, Ethereum ETH/USD, and Dogecoin DOGE/USD saw...

#bitcoin #ethereum #market #btc #ceo

TechnologyBy Sidhartha Shukla2023-11-07 09:59:04

FTX Sees Rise in Withdrawals as Binance Plans to Sell FTT Coin

Sam Bankman-Fried’s crypto exchange FTX experienced an increase in withdrawals after competitor Binance Holdings Ltd. announced plans to divest its entire...

#crypto #cryptocurrency #ftt #exchangeftx #cryptoquant

CryptocurrenciesBy Jesse Coghlan2023-11-07 02:55:16

Binance to liquidate its entire FTX Token holdings after recent revelations

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...

#recentrevelations #ceo #cryptocurrency #crypto #space

CryptocurrenciesBy Investing Com2023-11-07 09:47:48

FTX's FTT Token Extends Fall as Binance Liquidation Rattles Nerves

By Geoffrey Smith Investing.com -- Stress is back in the crypto space. FTT, the token native to Sam Bankman-Fried's crypto exchange FTX, flirted with a...

#ftt #twitter #ceo #liquidation #Binance

CryptocurrenciesBy Turner Wright2023-11-08 16:25:40

Binance CEO announces intent to acquire FTX to 'help cover the liquidity crunch'

Following Binance CEO Changpeng Zhao announcing the company would liquidate its position in FTX Tokens, FTX CEO Sam Bankman-Fried took to social media...

#binanceceo #twitter #ftx #majorexchange #showntime

CryptocurrenciesBy Delma Wilson2023-11-07 07:01:57

Binance Plans To Liquidate Its FTX Holdings, FTT Price Drops More Than 5%

Article Highlights Binance CEO Changpeng Zhao announced that the firm had begun liquidating FTT tokens Binances decision to liquidate all of its FTX tokens...

#ftt #ceo #equity #cash #bitcoin

CryptocurrenciesBy Benzinga Overnight Desk2023-11-08 04:29:18

Dogecoin Loses 10 Cent Mark In Sudden 8% Crash: What's Happening? - Dogecoin (DOGE/USD)

Dogecoin DOGE/USD saw a sudden crash of 8% on Monday night to fall below the key 10-cent mark. The meme cryptocurrency traded at$0.09896 amid overall market...

#bitcoin #ethereum #twitter #crypto #memecryptocurrency

CryptocurrenciesBy Daily Coin2023-11-07 12:00:24

Sam Bankman-Fried Reacts as Binance Prepares to Offload $529 Million in FTX Tokens (FTT)

Sam Bankman-Fried, the Founder and CEO of FTX, has spoken up on the clash of the crypto titans after Binance, the world’s largest cryptocurrency exchange,...

#equity #cash #blockchain #twitter #investment

CryptocurrenciesBy Shayan Chowdhury2023-11-08 01:09:02

FTT Token May Ignite A Death Rally Soon For Major Altcoins And Stablecoins! Here Is What Happening

It seems that the crypto market is going to witness another worst moment after just recovering from the prolonged effect of the historic crash of Terra’s...

#ftt #ceo #btc #bitcoin #ethereum

CryptocurrenciesBy Alex Dovbnya2023-11-06 18:15:51

Binance Is Selling All FTX (FTT) Tokens. Heres Why

Binance CEO Changpeng Zhao recently took to Twitter to announce that the company had decided to sell all of its FTX (FTT) tokens due to recent revelations...

#ceo #twitter #cryptocurrency #ftt #ftx

CryptocurrenciesBy Coin Edition2023-11-07 08:00:15

Binance To Liquidate Its FTX Tokens As Post-Exit Risk Management

Changpeng Zhao announced that Binance would be liquidating all of its FTT holdings. Zhao confirmed that the move was a part of Binance’s plan to exit from...

#equity #ceo #Riskmanagement #recentrevelations #czbinance

TechnologyBy Olga Kharif2023-11-06 19:12:07

Binance To Sell $529 Million of Bankman-Fried’s FTT Token

Zhao Changpeng, chief executive of the world’s biggest cryptocurrency exchange Binance, said on Twitter that he has decided to sell all remaining FTT tokens....

#twitter #investment #ftt #binanceusd #exchangebinance

CryptocurrenciesBy Eduardo Prspero2023-11-08 08:03:48

The Binance Vs. FTX War: Here Are The Most Recent Stats & On-Chain Data

Is this the beginning of the end for FTX and Alameda Research? Or will both organizations come out stronger on the other side? As NewsBTC reported, Binances...

#ethereum #stock #ceo #currency #ftx

TechnologyBy Joanna Ossinger2023-11-08 04:31:51

Crypto Exchange FTX’s Token Tumbles Below $22 Barrier Amid Spat

Cryptocurrency exchange FTX’s token has fallen below a level suggested by an affiliate as an offer price, after an increase in withdrawals that was triggered...

#crypto #cryptocurrency #ceo #exchangeftx #alamedaresearch