After yesterday's FTX tussle, several exchanges (Gate, Binance, OKX, Huobi, Bitget) announced that they will be publishing Merkle tree Proof of Reserve (PoF) certificates to increase transparency.

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Alameda Research transferred 2,970,000 $MATIC(2.9M) to Binance a while ago.

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To adjust to recent price fluctuations, Binance has topped up the SAFU insurance fund to $1B equivalent again.

BUSD AND BNB address about 700m: https://bscscan.com/address/0x4B16c5dE96EB2117bBE5fd171E4d203624B014aa#tokentxns

BTC address 300m: https://blockchair.com/bitcoin/address/1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD

What is SAFU?
The Secure Asset Fund for Users (SAFU) is an emergency insurance fund that was established by Binance in July 2018 to protect users' funds.

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18 mil $SOL about to hit the market within 24h. 👇

Those with a lot of coins locked in staking are about to join the liquid supply.

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Do Kwon, Kyle Davies, Zu Shu, SBF, but it's the kid that wrote some of the Tornado source code that's in jail

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People are doubting about SBF's story of making millions in arbitrage and FTX is just a ponzi setup to coverup Alameda (that gives access to more liquidity).

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A total of 18,775,348 $SOL ($330M) will hit the market in 23 hours from now.

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CRASHED!!

Meta fires 11,000 employees.

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Yesterday was the biggest longs liquidation event since the luna crash

Open interest is down about 35% from its October highs, returning to June levels this year indicating that much of the leverage stack built up over the past 5 months has been removed.

At this moment, most of the market is in a short position trying to capture the drop in prices and the funding rate goes back to the lows of June, reaching the values ​​of June this morning.

Traders are mostly positioned in shorts and pessimism takes over the market in what could cause a squeeze in the opposite direction through a price recovery in the short term.

For the medium/long term, we will need to calmly reassess the whole situation before inferring forecasts.

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FTX freezes user withdrawals but continues to send funds to Alameda.

CT is furious.

While few pointed that etherescan has mislabeled the wallet as Alameda.

https://etherscan.io/tx/0x9a243ccfa09c93ef5a7071240bfdece69227434993d6235322805ee2e70129bc

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https://twitter.com/cz_binance/status/1590351182513729544/photo/1

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For folks who are busy and wants the crux of it:

CZ recommends not to trade $FTT token.

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No offense. 😇

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BREAKING: Binance strongly considering dropping out of FTX deal after looking at financials - CoinDesk.

https://www.coindesk.com/business/2022/11/09/binance-is-strongly-leaning-toward-scrapping-ftx-rescue-takeover-after-first-glance-at-books-source/

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AGAIN. Fuck this. Outta here!

Remember, no user funds on FTX are insured, if this deal doesn't go through, user funds are lost.

Ok, outta here for real, now!!

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Most of FTX's Legal and Compliance Teams Just Quit.

https://www.semafor.com/article/11/09/2022/ftx-legal-and-compliance-teams-quit

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Can someone stop this madness and call it a day, please?

https://twitter.com/cz_binance/status/1590463239925944320

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