Sam Bankman-Fried News

The FTX owner’s advisor unsuccessfully inquired Elon Musk about joining the acquisition deal.

Acquiring the assets of Celsius would imply FTX’s intent to save the lending firm, similar to what FTX US did for Voyager by securing the winning bid of approximately $1.4 billion.

The soon-to-be former president said he would continue to assist CEO and founder Sam Bankman-Fried “to ensure FTX ends the year with all its characteristic momentum.”

The potential $1 billion funding round would add to the $400 million FTX raised in January, with the firm said to be seeking more capital to snap up deals amid the crypto winter.

The trading company will pay back the debt, which has fallen almost twice in dollar estimate, by the end of September.

Bybit officially announced that it launched ETHW trading against the USDT stablecoin, planning to soon open ETHW deposits and withdrawals.

“We are not planning to acquire Huobi,” said Sam Bankman-Fried, who manages assets at Alameda Research and leads crypto exchange FTX.

After co-leading the company since 2019, Trabucco says he will be an adviser, but not a daily presence, in a winding Twitter thread announcing his decision.

Jitters in crypto trading relate to a trade event wherein an investor’s buy or sell order gets stuck and moves down in the list, allowing newer trade orders to go through.

Huobi co-founder Leon Li reportedly informed about his decision to other backers of the company in a July shareholders meeting.

Financial documents of Voyager revealed that they lent nearly $1.6 billion in crypto loans to an entity registered in the British Virgin Islands, the same place Alameda is registered.

With the new integration, Reddit users will be able to purchase Ether from supported Reddit apps via FTX’s payment and exchange infrastructure platform FTX Pay.

Web traffic on FTX surged 123% YoY, while major exchanges such as Coinbase and Binance were down 46% and 40% traffic-wise, respectively.

The buyout proposal from Alameda and FTX seems to have upset Voyager’s lawyers, who do not see the offer as a serious one that would benefit its users.

FTX CEO Sam Bankman-Fried and Solana co-founder Anatoly Yakovenko shared valuable insights for early-stage Web3 founders during a virtual summit.