The Daily Leo #132 - FTX Liquid Assets Vs Liabilities, 3,500 asleep BTCs wake up, Crypto companies falling

in LeoFinancelast year (edited)

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FTX Held Just $900MM In Liquid Assets Vs $9BN In Liabilities

Of the $900 million in liquid assets, the largest portion - or roughly half - was in the form of $470mn of Robinhood shares owned by a Bankman-Fried vehicle not listed in Friday’s bankruptcy filing, which included 134 corporate entities. The liquid assets represent just 10% of the total assets and is a fraction of...

Democrats Keep Control of Senate

The final outcome, as of now, means that Schumer will remain majority leader when the next Congress is seated in January 2023. Senate Minority Leader Mitch McConnell is expected to keep his position, though some senators have said he should step aside due to the failure to secure...

Crypto Companies Toppling Like Dominoes

Several crypto companies and firms are beginning to feel the extent of the damage of the FTX collapse, as some of them have funds stuck in the exchange. While some of the affected companies have started disclosing their exposure, the extent of the damage could be far bigger than imagined, considering the amount...

Is There Still a Case to Buy Coinbase Stock

The crypto world is in the midst of a harsh winter. And if that by itself wasn’t enough, FTX, one of the industry’s most prominent exchanges, is on the brink of collapse due to a liquidity crisis. The ongoing turmoil at the global exchange, often considered a survivor of a broad market crash this year, has further shaken investors’ confidence in the future of...

Biggest Fed rate hike in 40 years? 5 things to know in Bitcoin this week

A similar theory was discussed by The Crypto Roundtable Show, with a guest speaker claiming “trusted sources” have witnessed Bankman-Fried “in a locked space” with authorities in Albany Tower in The Bahamas. An unverified rumor also suggests that Bankman-Fried is currently joined by...

3,500 'Sleeping Bitcoins' wake up After 11 Years of Slumber

A large string of so-called ‘sleeping bitcoins’ moved on Friday morning after remaining idle for more than 11 years, stemmed from seven different BTC addresses created on Oct. 7, 2011. It is the first large string of decade-old sleeping bitcoins to wake up in months. The transactions were caught by...


Leopedia - Crypto Education For You

The Leofinance cryptocurrency education that you need for yourself and any person you would be onboarding to the platform. I've explored the site and I'm wowed that such really exist, I mean, I keep finding cool things about Leofinance and how much work they've put into this project. The platform has existed for...

Daily Crypto Markets Live Blog: Twitter Heading Towards Bankruptcyt

Let us boost our overall numbers by posting lots of comments throughout the day. Spread the word to get others involved. It is a great way to stimulate engagement. We can think of this as a Reddit type engagement thread. We are not dealing with long form content so topics of discussion can start off with a top line comment....

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Out of those 900mn, they hacked themselves for $500mn. Didn't leave anything for their customers and lenders. Crazy stuff!

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