Shark tank’s Mark Cuban backs Kevin O’leary’s past views on FTX investment

Cuban: These blowups have not been crypto blowups, they have been banking blow-ups. Lending to the wrong entity, misvaluations of collateral, arrogant arbs, followed by depositor runs. See Long Term Capital, Savings & Loan and Sub-Prime blowups. All different versions of the same story

https://www.cryptopolitan.com/mark-cuban-backs-kevin-oleary-on-ftx/

📍 Follow @Coins for the hottest news in crypto.

An AXS Advisor transferred 3.6M $AXS($26.53M) to Binance a few minutes ago.

tx_hash:0x2e062e116f5587e84e81c84cf5ff1584c7f3738905fe8d468786401397890489

from:0xDF09Dd2E13A1B65873352485E33BD9A8B563accC

to:0xB78810A55f01092F90dC61cF2AbFF3847A377473

📍 Follow @Coins for the hottest news in crypto.

JUST IN: Amazon $AMZN to fire 10,000 employees, NYT reports.

📍 Follow @Coins for the hottest news in crypto.

Nike is launching .SWOOSH, a web3-enabled platform that champions athletes and serves the future of sport by creating a new, inclusive digital community and experience and a home for Nike virtual creations.

Currently in beta, registration to join .SWOOSH begins this month.

https://about.nike.com/en/newsroom/releases/nike-launches-swoosh-a-new-digital-community-and-experience

📍 Follow @Coins for the hottest news in crypto.

In this last week as FTX imploded, and millions of people lost millions of dollars, Sam of FTX said, per the NYT, that he was "playing the video game StoryBook brawl, though less than usually."

SBF: "It helps me unwind a bit. It clears my mind."

📍 Follow @Coins for the hottest news in crypto.

DeFi revenue jumped up to over $8 million on November 9th, the highest it’s been since mid-June. In recent months, it was rare for daily revenue to exceed $3 million, and this recent growth seems to be somewhat sustained, with profits still hitting over $7 million surrounding the peak.

But yesterday profits fell back down to $2.18 million, a similar magnitude to where they were before.

Shows people’s faith in centralized exchanges, and centralized crypto entities in general, is now fizzled.

The bulk of this revenue surge being driven by Uniswap indicates trading activity has picked up. Uniswap V3 on Ethereum alone has put up over $1 billion in volume from November 7th to 12th.

The monthly DEX volume for November is on pace to be the highest of 2022. That being said, it is likely prices will continue to fall and the initial hype around DEXs may fade out into a deep bear market, so it’s unclear if it will pan out this way.

Source: The Block

📍 Follow @Coins for the hottest news in crypto.

Binance's CZ hosted a first-ever AMA yesterday (14th Nov).

This article summarizes the 10 key takeaways from the ~80mins conversation. Very nicely done.

1 Binance is Working on a Proof of Reserve protocol with Ethereum’s Vitalik Buterin
2 SAFU: Binance has not taken loans from other companies
3 Binance’s large holding of BUSD is not a risk
4 Binance will assist good projects struggling with liquidity
5 Don’t guess the market: Just HODL
6 Are Binance subsidiaries and portfolio projects also safe?
7 Binance will be fine if all users withdraw their funds
8 Red flags to look out for in crypto exchanges
9 FTX: Binance could head for bankruptcy if it shoulders every lost fund in crypto
10 The biggest bottleneck to crypto adoption

https://www.cryptopolitan.com/10-takeaways-from-ama-with-binance-cz

📍 Follow @Coins for the hottest news in crypto.

Who is pissed at him? 😡

📍 Follow @Coins for the hottest news in crypto.

Chiliz, late last week, announced that 38M CHZ will be used to compensate FTX users that owned CHZ on the platform.

https://twitter.com/alex_dreyfus/status/1591717392228532229

https://etherscan.io/token/0x3506424f91fd33084466f402d5d97f05f8e3b4af?a=0x8e2a78d6b7a7b6ad6cdb21ad76a00e6f59447d83

📍 Follow @Coins for the hottest news in crypto.

Rumors are that SBF is tricking Twitter bot that tracks deleted tweets.

Basically DeletedTweets bot won't catch the profile if a handle tweets the same time it deletes an old tweet as the rules requires count to be -1 for 1 minute.

https://twitter.com/ercwl/status/1592337461971021824

People are trying hard to retrieve deleted tweets. A sheet.

📍 Follow @Coins for the hottest news in crypto.

Brands building on Polygon

• Nike (announced yesterday)
• Adidas
• Starbucks
• Reddit
• Meta
• Robinhood
• Ebay
• Disney
• Stripe
• Adobe

Matic to #3?

📍 Follow @Coins for the hottest news in crypto.

Federal judge grants Coinbase's request to file an application to support Ripple in the SEC case.

📍 Follow @Coins for the hottest news in crypto.

Binance Labs made a $4 million strategic investment in Ultimate Champions, a free-to-play fantasy sports platform that will be deployed on the BNB Chain.

Ultimate Champions provides in-game wallets to make onboarding easier and supports fiat payments for NFT packs as well as its tokens. Players can collect, trade, and own officially licensed player cards as NFTs.

https://www.binance.com/en/blog/ecosystem/binance-labs-invests-$4-million-in-ultimate-champions-to-support-innovation-in-web3-gaming-4533170997164808175


📍 Follow @Coins for the hottest news in crypto.

Ok, some buzz around gate.io being short of funds surfacing on CT.

Remember crypto.com sent funds to gate 'by mistake' and that coincidentally was the time just before gate.io were publishing Proof of Reserves.

Also, the gate_io "audit" from October is very shady to say the least.

gate io claims be audited by Armanino LLP, the same company that "audited" FTX. But what gate_io claims to be an audit is in fact an "Agreed-Upon Procedures Report". The document doesn't contain the word "audit" a single time.

The "audit" was limited to BTC and ETH, NOT stables, NOT fiat and NOT altcoins. This alone makes the document worthless.
Gate io could have easily bought BTC and ETH using stables prior to the audit to fill a hole and then sold it when the "audit" was completed.

Crypto-twitter asking gate.io for "send-to-self" transaction IDs and the list of wallet addresses used for this "audit" that strengthens the claims of reserves.

Lets see where this goes.

📍 Follow @Coins for the hottest news in crypto.

Gate.io assets:

71M $GT($259M)
3.1T $SHIB($29M), which adds to 61% of the total assets.
————
53,930 $ETH ($59M)
32M $USDT, which adds to 21% of the total assets.

That's 82% of assets.

Gate.io received 320,000 $ETH($405M) from Crypto.com on October 21 and transferred a total of 284,975 $ETH($359M) to Crypto.com from October 25 to October 30. On-chain data shows only 284,975 $ETH was returned? What about the rest 35,025 ETH?

All this occurred at the same time gate was to publish Proof of Reserves.

So the question stands, is gate.io short of funds?

📍 Follow @Coins for the hottest news in crypto.

Binance X CR7 NFT collection

Ronaldo on Binance. Nov18th 8am UTC.

https://twitter.com/cz_binance/status/1592534989010526208

Ronaldo:
https://twitter.com/Cristiano/status/1592520297290551308

📍 Follow @Coins for the hottest news in crypto.

Venture Capitalists are discussing whether to sue SBD for alleged fraud.

📍 Follow @Coins for the hottest news in crypto.

A couple hour ago, a Russian missle hits Poland killing two.

Poland is a NATO member.

Western stock markets were trading in profits before this and they all seem to be red now. Crypto markets to follow?

📍 Follow @Coins for the hottest news in crypto.

BlockFi files for Bankruptcy.

📍 Follow @Coins for the hottest news in crypto.