DDCT #145 - 11/11/2022 (‘I’m sorry, I f****d up.’ Sam Bankman-Fried needs $4 billion. Fast)
17m | Nov 11, 2022#Bitcoin #SamBankmanFried #OdellBeckhamJr
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Dave's Daily Crypto Take
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ARTICLES used in today's video:
https://ambcrypto.com/does-the-recent-aave-dip-offer-a-buying-opportunity-or-will-the-bears-prevail/
Does the recent Aave dip offer a buying opportunity, or will the bears prevail
The drop below $79 flips the market structure to bearish
Some outflows from the exchanges suggest a mild possibility of a bullish scenario
Since 5 November, USDT (Tether) Dominance shot upward from 6.81% to 8.38%. This showed that market participants fled from crypto assets into holding stablecoins such as Tether. Fear dominated the markets in the wake of the news about FTX’s insolvency. Aave performed quite well in the past month.
https://www.totalprosports.com/nfl/odell-beckham-jr-salary-loss-bitcoin-decline/
If Odell Beckham Jr. Is Still Holding On To The Bitcoin He Was Paid To Play In 2021, It’s Now Worth NEGATIVE $190k
Back in 2021, celebrities putting money in Bitcoin seemed like the way to go for the future, but everything is a risk in life, and a lot of them are taking a big hit.
When the Cleveland Browns decided to drop Odell Beckham Jr. from their team, the Los Angeles Rams signed the wide receiver, OBJ opted to take his entire NFL salary in Bitcoin. At the time, Bitcoin was hitting all-time highs and breaking currency records.
https://ambcrypto.com/is-usdt-exposed-to-ftx-read-what-this-tether-exec-has-to-say/
Is USDT exposed to FTX? Read what this Tether exec has to say
Members of the cryptocurrency community have been questioning prominent stablecoin companies about their engagements with FTX and FTT. Perhaps, out of worry that a repeat of the Terra scenario might transpire. Paolo Ardoino, the CTO of Tether, was recently asked about the cryptocurrency’s potential risk from FTT as well.
https://fortune.com/crypto/2022/11/10/sam-bankman-fried-sorry-ftx-needs-4-billion-fast/
‘I’m sorry, I f****d up.’ Sam Bankman-Fried needs $4 billion. Fast
Sam Bankman-Fried is on a race to secure $4 billion to save FTX, after rival Binance ditched its 11th-hour bid to buy the collapsing crypto exchange.
Bankman-Fried reportedly told investors on Wednesday evening that FTX is facing a shortfall of funds up to $8 billion and is in danger of bankruptcy if the company doesn’t receive at least $4 billion to stay solvent, according to separate reports from Bloomberg and the Financial Times. Bankman-Fried said FTX is willing to take the cash in whatever form it comes in, be it debt, equity, or a mixture of both.
https://alternative.me/crypto/fear-and-greed-index/
https://coinmarketcap.com/
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Dave
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