RASAR◱ ◱ (@rasar) • Hey
RASAR◱ ◱ (@rasar) • Hey
Publications
- ✨Phi🏝️ × Lens🌿✨
"Yasai Lens Festival", an Official Campaign Collabs with @lensprotocol 🌿 & @lenster 🌸, is now live on Phi🎉🤩
📅 Campaign Period: 7th Feb ~ 21th Feb 2023 12:00AM UTC
Yasai Lens Festival has 2 parts:
1) Yasai Quests🌿 - Taskbased Quests dedicated to @lensprotocol 🌿 & @lenster 🌸
2) Good Lenster Post Race🏁 - A Community Race for Good Lenster Posts
Check out the details 👀🧵↓
https://quest.philand.xyz/campaign/lens-yasai
- Yasai means vegetable in Japanese #Yasai
- The outflow of BTC has reached an all-time high.
Traders and investors continue to withdraw BTC from exchanges. According to Glassnode, 172,700 BTC ($2.7 billion) have been withdrawn in the last month. Such values have not been observed in the entire history of the existence of bitcoin.
This trend is due to the collapse of FTX and the loss of trust in exchanges. As investors opt for OTC storage, the supply of BTC in the market is declining, which should have a positive effect on the BTC price.
- The new head of FTX said that the company's corporate funds were spent on the purchase of real estate for employees in the Bahamas
FTX's new CEO John J. Ray made a series of announcements as part of FTX's Chapter 11 bankruptcy filing.
“In the Bahamas, it is my understanding that FTX Group corporate funds were used to purchase homes and other personal items for employees and consultants. I understand that some of these transactions do not appear to be documented as loans, and that certain properties were held in the personal names of these employees and consultants on the Bahamas registry,” Ray said.
Bankman-Fried and other FTX employees, including CTO Gary Wang and CTO Nishad Singh, lived together in a penthouse in the Bahamas.
Ray's statement also alleges that FTX "didn't have the type of payout control that it felt was appropriate for a commercial venture."
He stated that employees sent pay requests via an online chat platform, "where a disparate group of executives approved payouts by responding with personalized emojis."
https://www.bloomberg.com/news/articles/2022-11-17/here-are-the-craziest-parts-from-the-new-ftx-bankruptcy-filing
- Adidas has unveiled its first NFT clothing collection, Virtual Gear.
https://sneakernews.com/2022/11/16/adidas-originals-genesis-virtual-wearables/
- Changpeng Zhao reveals he is setting up an industry recovery fund to mitigate the negative impact of the FTX collapse
The head of Binance, Changpeng Zhao, announced that he is creating an industry recovery fund.
“To mitigate further FTX cascading negative impact, Binance is forming an industry recovery fund to help projects that are otherwise strong but are experiencing a liquidity crunch. More information will appear shortly. For now, please contact Binance Labs if you think you qualify. I also welcome other industry participants who have money and want to invest together. Cryptocurrency is not going anywhere. We are still here. Let's rebuild," he wrote.
TRON creator Justin Sun said he was ready to become part of the fund.
https://twitter.com/cz_binance/status/1592044496174612482?s=46&t=Cam3x_ct8YZJ5EdrcacfOA
- Gate.io could go bankrupt?
Crypto com admitted that they “accidentally” sent 320,000 ETH to the Gate io wallet exactly when Gate io was auditing their reserves (coincidence?)
After Gate.io audited the reserves, the exchange sent 320,000 ETH back to Crypto. com (match 2x?)
According to one version, 320,000 ETH was certified as a reserve of the exchange, and then this money was sent back, indicating a hole in Gate.in's budget of $300-$400 million? Or maybe more?
According to another version, the audit was carried out before these suspicious transfers between exchanges took place - October 19
CZ also spoke on the topic: “If an exchange has to move large amounts of cryptocurrency before or after they show their wallet addresses, this is a clear sign of problems. Stay away from it"
[Buy/Sell Bitcoin, Ethereum | Cryptocurrency Exchange | Gate.io](https://www.gate.io/)
Leading cryptocurrency exchange with over 1400+ cryptocurrencies & stablecoins such as Bitcoin ✓ Ethereum ✓ Dogecoin ✓ Start trading crypto with Gate.io now!
- Changpeng Zhao: The collapse of FTX set the industry back a few years
Binance CEO Changpeng Zhao said that the collapse of FTX was devastating for the industry and set it back several years.
“I think basically we are set back a few years. Regulators will rightfully scrutinize this industry much, much harder, which, frankly, is probably a good thing,” he said.
Zhao suggested that soon regulators will tighten control not only on KYC and AML, but will also begin to track crypto business operations.
“The last three days have been just identifying problems. The problems were much longer. This problem has not been created in the last three days,” he added.
https://youtu.be/xKRvgj0G7Nk
- According to Article 11 bankruptcy, regulators have every right to return all withdrawn money from the FTX exchange in the last 90 days before bankruptcy😳
It turns out that everyone who is now taking money off can also be taken away 😕
- FTX reported that it has been hacked and its services are installing trojans to users
The administrator of the official Telegram channel FTX stated that the crypto exchange was hacked.
“FTX has been hacked. It looks like all funds are gone,” he wrote.
However, later in the message, a piece was edited, which claimed the loss of funds.
In addition, the administrator reported that the FTX mobile app and website were compromised and could download malware and trojans.
Later, the official FTX Twitter account reported that anomalous movements of balances and wallets were noticed on the exchange.
Today, there was also news that more than $400 million was transferred from the exchange to one address.
https://www.theblock.co/post/186289/ftx-claims-it-has-been-hacked-of-all-of-its-funds-website-and-mobile-app-compromised?utm_source=cryptopanic&utm_medium=rss
- Justin Sun Ready to Give FTX Billion Dollar Help
Tron founder Justin Sun, in a conversation with a Bloomberg journalist, said that he was ready to provide “billion-dollar assistance” to the FTX exchange.
He added that “due diligence needs to be done and a good moment needs to be taken to demonstrate unity in the crypto industry.”
https://twitter.com/tommackenzietv/status/1591016614966677507?s=46&t=5NgoZJihCm5Y-Gdq1wDwDw
- ✅ Crypto com published their wallets to be transparent
According to the CEO of the exchange, this is just a part of their balance sheets. Full audit will be published soon 😎
FTX is setting new standards for CEX with its collapse, but we know that the best way to store assets is in a wallet
- Over the past 5 hours, several whales stuck in FTX managed to withdraw $23.66 million worth of USDT from the exchange
Users with Bahamian CUS create NFTs, other users buy them for a lot of money, after which the “Bahamians” calmly withdraw money from the exchange.
🫡Always find a way to pick up your
- FTX US has warned users that it may suspend trading. This comes just hours after Sam Bankman-Fried claimed the exchange was “100% liquid.”
Cryptocurrency exchange FTX US has warned its users to close their positions as the company may suspend trading in the coming days.
This announcement comes just hours after Sam Bankman-Fried claimed that FTX US is "100% liquid", unlike FTX International.
https://www.coindesk.com/business/2022/11/10/ftx-us-warns-of-trading-halt-hours-after-bankman-fried-says-its-100-liquid/
- US Treasury suspects Tornado Cash of funding North Korea's nuclear program
The Office of Foreign Assets Control (OFAC) has updated sanctions on cryptocurrency mixer Tornado Cash, saying it funded North Korea's nuclear program.
- Top 10 exchanges by Stablecoin balance 🚀
- Sam Bankman-Fried admits he screwed up
"I'm sorry. I screwed up and should have done better. I should have talked to you more. But my hands were tied during a possible deal with Binance and I wasn't particularly allowed to speak in public. It's my fault that we ended up where we are.
I was wrong in my understanding of the market. On Sunday, we saw about $5 billion in withdrawals, an anti-record.
I will take responsibility and do everything in my power to help our clients.
So, right now we are doing our best to raise liquidity. We are negotiating with many "players" of the crypto world. By the way, Alameda Research will no longer trade on FTX, and the main goal of the exchange will now be to ensure full transparency.
I could say more, but I'll say it briefly: well done. You won,” writes the head of FTX
https://twitter.com/sbf_ftx/status/1590709166515310593?s=21
- Subway started accepting bitcoin as a payment method in Berlin
Fast food restaurant Subway has started accepting bitcoin as a payment method in Berlin.
“Five years ago I started doing cryptocurrencies; and in the last two years I have been very intensively involved in the topic of bitcoin. With this in mind, I decided that bitcoin could be the best monetary system,” said Daniel Hinze, owner of the Berlin Subway franchise.
The restaurant also introduced a 10% discount on some items from the menu when paying with the first cryptocurrency.
https://cointelegraph.com/news/subway-accepts-bitcoin-so-users-can-get-a-sandwich-on-the-lightning-network
- 🔶 Binance Exchange Reserves - Watch
From interesting:
⏺ 475,000 BTC ($7.8 billion)
⏺ 4.8 million ETH ($5.6 billion)
⏺ 17.6 billion USDT
⏺ 21.7 billion BUSD
⏺ 58 million BNB ($16 billion)
And many other assets.
https://www.binance.com/en/blog/community/our-commitment-to-transparency-2895840147147652626
[Our Commitment To Transparency | Binance Blog](https://www.binance.com/en/blog/community/our-commitment-to-transparency-2895840147147652626)
As part of Binance’s ongoing commitment to transparency and fostering trust in the ecosystem, we are sharing details of our hot and cold wallet addresses.
- Reuters: Sam Bankman-Fried transferred Alameda Research FTX user funds to save the company
According to Reuters, Alameda Research suffered a series of losses in May this year as a result of a bad investment.
To save the company, Sam Bankman-Fried transferred Alameda Research about $4 billion in FTT and Robinhood Markets Inc (HOOD) shares.
According to sources of the publication, part of these funds were deposits of FTX clients.
https://www.reuters.com/technology/exclusive-behind-ftxs-fall-battling-billionaires-failed-bid-save-crypto-2022-11-10/
- 🆘 UPD: more than 50 million SOL (over $900 million) are already being withdrawn from staking and may be merged on the market tomorrow
This is 13% of the total coin supply.
- Changpeng Zhao: never use the token you created as collateral
Binance CEO Changpeng Zhao shared important insights that have been learned from the issues with the FTX exchange.
“Never use the token you created as collateral. Do not borrow funds if you are into cryptocurrency. Don't use capital efficiently. Keep a big reserve,” he said.
He added that Binance has never used its BNB token as collateral and has never borrowed funds.
https://twitter.com/cz_binance/status/1590103159506341888?s=46&t=OSDglJQHidY9BcNsRh1YbA
- Mark Zuckerberg says Meta will lay off over 11,000 employees
Meta CEO Mark Zuckerberg said the company will cut more than 11,000 employees (13% of its workforce) while maintaining its "long-term vision for the metaverse."
The layoffs are part of a drive to cut losses. The company's year-over-year deficit from its metaverse division topped $9.4 billion. In a letter to employees, Zuckerberg also added that the company will cut costs and extend its hiring moratorium into next year.
Zuckerberg said that the macroeconomic downturn and losses in e-commerce were to blame for this event.
https://www.theblock.co/post/184675/meta-to-cut-11000-jobs-metaverse-vision?utm_source=cryptopanic&utm_medium=rss
- Binance has increased the reserve fund to null billion
Binance CEO Changpeng Zhao announced that the exchange has raised its User Safe Asset Fund (SAFU) to null billion.
“To accommodate recent price fluctuations, Binance has again increased the SAFU insurance fund to the equivalent of null billion,” Zhao said.
He also posted links to two wallets where BUSD, BNB and BTC are stored.
https://twitter.com/cz_binance/status/1590214179696566274?s=46&t=xbGzt_yJXtlkGy3gOKXBTQ
- Mood🤭
- OKX Exchange Founder: If, unfortunately, FTX becomes another LUNA, no one in the industry, including Binance, will benefit from it. Both customers and regulators will lose confidence in the entire industry. I hope CZ considers ending the FTT sale and making a new deal with SBF.
Decentralization is the backbone of the crypto industry. If Binance gets 100% market share and BNB market cap exceeds BTC, the industry will collapse and CZ will lose everything. Helping FTX recover from the current rumors is CZ's best bet.
- ⚡️ FTX risks becoming insolvent
Stablecoin reserves on the FTX exchange reached 53 million - at least in a year and decreased by 93%.
Also, the balance of the crypto exchange in Ethereum decreased from 400,000 to 100,000 ETH. Investors are leaving the exchange en masse, thus creating a self-fulfilling prophecy about the collapse of FTX.
If you hold a significant part of your assets on FTX or Blockfolio, it is better to withdraw to wallets 👀
- ⌚Rolex files trademark applications focusing on cryptocurrencies, metaverse and NFTs
Rolex has filed trademark applications related to cryptocurrencies, the metaverse and NFTs.
In particular, the application refers to the introduction of NFT trading platforms, holding auctions of virtual goods, the use of cryptocurrencies and NFTs for transactions.
https://finbold.com/luxury-watchmaker-rolex-enters-metaverse-with-crypto-and-nft-trademark-applications/
- Important project events for November
- 🤔Clash between CZ and FTX
Last night, the head of Binance published a series of tweets in which he wrote that Binance, as part of the FTX exit strategy, received $2.1B in BUSD and FTT, and due to unethical actions, Sam Benkman Fraida plans to sell their stake in FTT tokens in the amount of $600M in within 1-2 months on the open market.
The new head of Alameda Research, Carolyn Ellison, publicly appealed to CZ to sell all FTT tokens at a price of $22 in order to reduce the market impact on the price of the native FTX token.
The current showdown among the owners of the largest crypto exchanges is taking place in the midst of a bear market and looming heavy regulation from the US, including the DeFi market.
🥵 Anything can be on the market. When TOP exchanges start dismantling, black swans 🦢 can fly over suddenly 🫡
- ▫️NFT sales on the Avalanche network recovered at the beginning of the third quarter. Compared to the second quarter, the growth was 180%.
- Binance will completely liquidate its position in FTX tokens due to Alameda Research balance issues
CEO of Binance cryptocurrency exchange Changpeng Zhao announced that his company will completely liquidate its position in FTX tokens - FTX Token (FTT).
The announcement comes after rumors surfaced about the financial health of Sam Bankman-Fried's trading firm Alameda Research, which has most of its balance sheet held at FTT.
According to the company's balance sheet, Alameda Research owns $5.8 billion worth of FTT tokens (including collateralized FTT). However, the company's total balance sheet is estimated at $14.6 billion, and liabilities at $8 billion (of which $7.4 billion are loans).
Alameda Research CEO Caroline Ellison responded to the rumors by revealing that the company also has more than $10 billion in assets that are "not reflected" in the leaked balance sheet. Allison added that Alameda has undisclosed hedge funds and has already repaid most of its loans.
According to CoinMarketCap, the price of FTT is down 14% in 24 hours to $22.02.
https://www.coindesk.com/business/2022/11/06/binance-sells-holdings-of-ftx-token-as-alameda-ceo-defends-firms-financial-condition/
[Binance to Sell Rest of FTX Token Holdings as Alameda CEO Defends Firm's Financial Condition](https://www.coindesk.com/business/2022/11/06/binance-sells-holdings-of-ftx-token-as-alameda-ceo-defends-firms-financial-condition/)
Alameda's CEO offered to buy Binance's FTT token holdings for $22 apiece.
- ⛔️ Already 73% of blocks in the Ethereum network are censored
- Circle Announces Euro Coin Stablecoin and Launch of Internetwork Transfer Protocol on Solana
Circle will launch the euro-pegged stablecoin Euro Coin (EUROC) on the Solana blockchain in the first half of 2023.
EUROC currently only runs on the Ethereum blockchain.
Circle announced that after the launch on Solana, the stablecoin will be supported by the FTX exchange. Representatives of the company noted that other decentralized finance protocols have also expressed interest in supporting EUROC.
In addition, Circle announced the launch of the Solana blockchain interworking protocol in the first half of 2023.
The protocol was unveiled in September and is due to launch in early 2023 on Ethereum and Avalanche.
The cross-chain transfer protocol allows crypto projects to transfer USDC across different blockchains. It uses different versions of the stablecoin that are built into each chain rather than wrapped in tokens.
https://www.theblock.co/post/183492/circle-is-bringing-euro-coin-to-solana-in-first-half-of-2023?utm_source=cryptopanic&utm_medium=rss
- Ralph Lauren has teamed up with the Fortnite team to create the phygital apparel collection, expanding the brand's presence in the metaverse.
- Google Cloud partners with Aptos, Hedera, Near Protocol, Dapper Labs (FLOW) and other crypto projects. And they hold the Binance Smart Chain node.
Promises to soon introduce payment for services for cryptocurrency.
- 🔥 Google Cloud becomes Solana validator and adds network to its Blockchain Node Engine and BigQuery web services
Google Cloud will become the validator of the Solana network and will also add blockchain support to its Blockchain Node Engine developer service next year.
The company is also integrating Solana into the BigQuery service for big data analysis (BigData).
https://twitter.com/googlecloud/status/1588912775291609093?s=46&t=_PWMD6vJBo1-KXu7pMdw6Q
- Swiss bank launches NFT custody service
SEBA became the first financial institution in the world to offer the storage of tokens from expensive collections. The bank included Bored Apes Yacht Club, Clone X and CryptoPunks.
Another Swiss bank, UBS AG, became the first financial institution to issue a digital bond on the blockchain. It is traded and settled on both blockchain and traditional exchanges.
- 💰 Only 2000 ETH has been added to the total supply since Ethereum switched to PoS
If PoW had been used all this time, then the turnover would have increased by 600,000 ETH
The difference is 99%
- 👴 In the US, it was allowed to transfer pension money into cryptocurrency
ForUsAll, a leading provider of retirement services for small businesses, announced that 50 companies are working with the Alt401(k) system, which allows employees to invest their retirement money in cryptocurrencies. It is reported by the Wall Street Journal.
ForUsAll Inc. said 50 of its 550 clients began allowing workers to invest some of their retirement savings in cryptocurrencies, including bitcoin and ether, about eight weeks ago.
According to ForUsAll CEO David Ramirez, about 300 of the 2,500 employees who are eligible to invest in crypto through the fund's retirement plans do so. He also expects 100 more companies to add the option by the end of the year.
- Another major burglary has taken place.
An unknown hacker hacked the pNetwork bridge and minted billions of GALA tokens on the BSC network, then sold it on PancakeSwap and earned about 13,000 BNB. After that, a quick reaction of smart people followed, who began to buy GALA tokens on PancakeSwap and sell them on Huobi with a profit of 1000-1500%) 10-15x).
Because of this, the GALA exchange rate on Huobi sank 10 times in relation to other exchanges. The rate of the coin dropped to $0.0026 from $0.049. And only 1 hour ago Huobi closed the GALA withdrawal, but you can still buy coins.
- There are record inflows of stablecoins to spot crypto exchanges.
Binance CEO: growing supply of stablecoins = bullish for crypto in the long run the mass of stablecoins is "money waiting on the side, potential gunpowder for future crypto purchases = fuel for future rally"!
- 97% of Uniswap tokens are scam
A group of researchers says that 97.7% of the tokens issued on the decentralized crypto exchange Uniswap turned out to be a dummy.
The researchers aimed to build on the work done in the 2021 study, which used a machine learning algorithm to analyze transaction data and find Uniswap tokens that turned out to be fraudulent. But this algorithm could only identify suspicious tokens after the scam had taken place.
In the new study, the researchers claim to have added transaction data from another 20,000 tokens, manually analyzed the data, and developed machine learning methods that can “detect potential rug twitches before they happen” with 99% accuracy.
- Changpeng Zhao Says Binance Is Considering Buying Traditional Banks
Binance founder and CEO Changpeng Zhao said that the exchange is considering buying traditional banks.
“There are people who own certain types of local licenses, traditional banking services, payment service providers and even banks. We are considering such companies. We want to be a bridge between cryptocurrency and the traditional financial world,” Zhao said.
According to Zhao, Binance is open to minority investments or a complete takeover. He added that Binance has the opportunity to benefit from the expected growth in the value of the bank's shares after the signing of the business agreement.
“What we have found is that when banks work with us, we attract enough users to them that the valuation of the bank grows exponentially, for example, why don’t we just invest in them so that we get a share of the ca
pital,” he concluded.
https://www.bloomberg.com/news/articles/2022-11-02/crypto-exchange-binance-with-over-1-billion-to-spend-weighs-buying-a-bank
- 🔥 Meta will launch an Instagram NFT marketplace powered by Polygon
Meta will launch an NFT marketplace on Instagram, where users can create and sell tokens on their own. The platform will run on the Polygon blockchain.
The company will also begin supporting dynamic NFTs and collectible tokens on Solana.
In addition, users will now be able to connect the Phantom wallet and receive NFT metadata from OpenSea.
https://about.fb.com/news/2022/05/introducing-digital-collectibles-to-showcase-nfts-instagram/
- Binance has announced a partnership with Ledger, providing more opportunities for users to purchase digital assets and accelerating the growth of the Web3 ecosystem.
- Cryptocurrency trading volume on spot on centralized exchanges (Oct) = -26% m/m - up to $656 billion,
Anti-record for the year. Weak for now (2)😅
- Warner Brothers to release Game of Thrones NFT collection
Warner Brothers and Nifty's to release Game of Thrones NFT collection.
The new Game of Thrones: Build Your Realm collection was created in collaboration with digital production company Daz 3D.
According to Nifty's, the initial token sale will begin with the release of series-inspired avatars. The avatars will come with a set of digital collectibles that fans can use to upgrade them.
Iconic moments, locations and characters from Game of Thrones will also be part of the collection.
https://decrypt.co/113348/warner-brothers-taps-niftys-daz-3d-launch-game-thrones-nfts
- Raising funds in the crypto industry by months (in billions of dollars and by the number of transactions).
In October, null.48 billion was raised. Weak so far.
- 💪 MicroStrategy did not sell bitcoins in the third quarter
In its third quarter report, the company reported a $727,000 depreciation of its 130,000 bitcoins, much less than in the second quarter ($917.8 million).
✨ MicroStrategy bought $4 billion worth of BTC at an average price of $30,639 per coin. Since the start of BTC purchases (in August 2020), the company's shares have grown by 120%.