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."

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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

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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

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Who is pissed at him? 😡

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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

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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.

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Brands building on Polygon

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

Matic to #3?

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

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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


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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.

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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?

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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

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

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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?

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BlockFi files for Bankruptcy.

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Balaji, bang on, as always!

The net result of FTX is that billions of dollars was stolen from crypto investors to give to Democrat-aligned politicians, nonprofits, and journalists.

This is why there may be no prosecution.

The stage is set for an absolutely insane zero-sum match.

On one side, one million crypto investors robbed of ten billion dollars by SBF.

On the other side, a network of dark money Democrats who will fight to keep as much of those stolen funds as possible.

The fur will fly.

Full thread: https://twitter.com/balajis/status/1592661466012061696

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A new filing in FTX’s nascent bankruptcy case contained a startling admission: the exchange and its associated companies may have as many as 1 million creditors.

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Binance secures Abu Dhabi regulator's approval for crypto custody services.

https://twitter.com/cz_binance/status/1592806987603087361

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UK inflation reaches 11.1%, the highest since 1981.

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