π Coinbase: No contact with Alameda and no FTX loans, the company has $5.6 billion of available cash flow. coinbase.com
π The American commercial bank Customers Bancorp released a statement saying that the FTX bankruptcy did not have a serious impact on the bank. businesswire.com
π US CFTC Commissioner: CFTC confirms that LedgerX is not on the list of failed FTX subsidiaries www.blockworks.com
β οΈ #HNT Helium is currently stopped at block 1,619,546 "after activating chain variables." The Helium core team has stated that they are working on an issue with validator statements and will provide an update when they know more.
π US Treasury Secretary: FTX Incident Proves Encryption Market Needs Better Oversight and Congress Should Intervene to Fill Regulatory Loopholes theblock.com
π Sanjian Lianchuang once again claimed that FTX and Alameda colluded to defeat Sanjian, which was debunked by the SBF. cnbc.com
π Cryptocurrency market maker B2C2 is in talks to buy a portion of short-term Genesis loans at a discount. www.blockworks.com
π Temasek: Write off the entire $275 million investment in FTX, with no direct exposure to cryptocurrencies. temasek.com.sg
π California Financial Regulator Suspends Salt Crypto Lending Platform License for 30 Days dfpi.ca.gov
π Binance to Delist SRM, RAY Leverage, and Binance Money Management Products binancezh.top
π Luno, a subsidiary of DCG: Genesis does not affect operations, wallet funds are on the Luno platform Discover.luno.com
π΅οΈββοΈ Over $115 million USDC from Circle at Alameda Research
π Circle: Circle Yield is a super collateralized fixed income product. Genesis is Circle's partner in this product. Circle Yield's total outstanding customer loan as of 11/16/22 is $2.6 million.
π€ CryptoAttack π¬π§
πΊπΈ Democrats gain control of the US Senate In Nevada, Catherine Cortez-Masto won the election, giving the party 50 seats in the upper house. Even if the Republicans win in Georgia, Vice President Kamala Harris will have the deciding vote.
πΊπΈ Republicans take control of the House of Representatives
π Coachella's NFTs sold for $1.5 million - now they're stuck on FTX
decrypt.com
decrypt.com
πΉπΊπΈ π US senators hope to introduce bill to regulate stablecoin in next few weeks coindesk
π Foundry, a miner running DCG: works independently of Genesis, and the recent announcement does not affect it twitter.com
π Uniswap NFT Product Lead Hints at Uniswap's Pudgy Penguins Partnership in Tweet twitter.com
π€ CryptoAttack π¬π§
π Gemini: The system crash was caused by an interruption in the database connection, the service is restored, the client's funds are safe. twitter.com
β οΈ Statistics: $850 million outflow from the Gemini platform in the last 24 hours
π₯³ Adidas represents his first collection of NFT Virtual Gear. Adidas generated $11 million in NFT revenue, including $6.2 million in sales and $4.8 million in royalties.