The biggest news in the cryptoverse for Dec. 9 includes a Twitter showdown between Binance CEO Changpeng Zhao and ex-FTX CEO Sam Bankman-Fried, and Hut8, Riot, and Marathon are emerging as the only public miners who increased their BTC holdings in November.
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The drama that surroundsY continues to unfold as new text messages surface showing what happened behind the scenes when the exchange went down.
The New York Timesgroup chat text messages , and several other cryptocurrency executives who traded on November 10, the day before FTX filed for bankruptcy.
The series of around a dozen texts showed that all crypto executives feared that the situation could get worse. Furthermore, concerned exchanges reportedly became increasingly tense as CZ accused SBF of trying to manipulate the price of Tether (USDT).
In the texts, CZ said that SBF used Alameda Research to get the stablecoin off the ground. The Binance CEO pointed out aand said Alameda placed it specifically to destabilize USDT.
Sam Bankman-Fried (SBF) has spoken out after Binance founder Changpeng Zhao (CZ)’s public thread, referring to FTX’s Kevin O’Leary’s defense and calling SBF “a scammer.”
The dispute continued after the recent CZthat CZ accused SBF of trying to untie USDT through Alameda.
CZ alleged that SBF “launched a series of offensive tirades against various members of the Binance team” in his Twitter thread.
In rebuttal, SBF announced that CZ had “won” and alleged that CZ had lied regarding the details surrounding Binance’s purchase of FTX.
Former FTX CEO Sam Bankman-Fried supports restarting the bankrupt exchange by issuing newtokens to creditors and awarding 100% of the profits to token holders.
Crypto Trader host Ran Neuner first proposed the idea on Dec. 9, adding that it would make the new exchange the “biggest exchange in the world.”
In response, SBF tweeted that it believes “this would be a productive path for the parties to explore.”
Since June, Bitcoin (BTC), and the broader market subsequently, has capitulated, aside from a handful of rallies seen in the summer of this ongoing bear market, according to on-chain data provided by Glassnode and analyzed by CryptoSlate.
Both bull and bear markets reveal on-chain sentiment data, ranging from ‘Capitulation’ to ‘Euphoria – Greed’. At the height of a bull market, the top is historically indicated when Euphoria is gripped tight. On the other hand, capitulation usually signals the bottom.
The chart below shows that BTC has sunk firmly into capitulation sentiment, as on-chain net unrealized gain/loss (NUPL) data shows a dip into red territory previously seen only in 2012, 2015, and 2019.
Mining companies have been posting their November production rates all week. CryptoSlate Analysts put the numbers together and revealed that Hut8, Riot, and Marathon are the only ones that increased their BTC holdings in November.
The chart above includes the monthly reserves of the top nine BTC miners as of January 2022. The numbers show that Hut 8, Riot, and Marathon added 238, 472, and 72 BTC to their reserves in November, respectively.
On the other hand, Argo, Bit Digital, Bitfarms, and Cleanspark were down by losing 12, 30, 400, and 9 BTC in the same month.
In the last 24 hours,rose 0.75% to trade at $17,147.91, while rose 1.16% to trade at $1,270.72.
Biggest winners (24h)
- Mass Vehicle Ledger (MVL): +30.26%
- Amplitude (AMPL): +26.01%
- Range (FET): +21.52%
The biggest losers (24h)
- Radix (XRD): -10.64%
- USD Neutrino (USDN): -7.14%
- Celsius (CEL): -6.73%