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Sam Bankman-Fried cashed out $300M in previous funding round.
Former FTX CEO Sam Bankman-Fried personally received $300 million from a $420 million funding round for the company in October 2021, according to a Wall Street Journal report that cited FTX financial records it had reviewed, as well as people familiar with the transaction.
Ethereum co-founder warns against Singapore’s crypto regulations.
Singapore’s ambition to become a hub for digital assets might not work out because of its skeptical approach toward cryptocurrencies, Vitalik Buterin, co-founder of the Ethereum blockchain platform, said.
Crypto fund Sino Global had deep ties to FTX.
Sino Global Capital, one of Asia’s biggest and most well-known crypto investors, led by Matthew Graham, tweeted a statement that its “direct exposure to FTX exchange was confined to mid-seven figures held in custody.”
BTC/USD plummeted 2.3% in the last session.
The Bitcoin-Dollar pair plummeted 2.3% in the last session. The Stochastic indicator is giving a positive signal. Support is at 164911 and resistance is at 169131.
The Stochastic indicator is giving a positive signal.
ETH/USD dove 5.4% in the last session.
The Ethereum-Dollar pair plummeted 5.4% in the last session. The MACD is giving a negative signal, which matches our overall technical analysis. Support is at 1194.2033 and resistance is at 1242.8833.
The MACD is currently in the negative zone.
XRP/USD plummeted 4.7% in the last session.
The Ripple-Dollar pair plummeted 4.7% in the last session. The Stochastic-RSI is giving a positive signal, going against our overall technical analysis. Support is at 0.3742 and resistance is at 0.3932.
The Stochastic-RSI is giving a positive signal.
LTC/USD plummeted 3.6% in the last session.
The Litecoin-Dollar pair dove 3.6% in the last session. The Stochastic-RSI is giving a positive signal. Support is at 61.8533 and resistance is at 65.4533.
The Stochastic-RSI is giving a positive signal.
Daily Economic Calendar:
US Chicago Fed National Activity Index
The Chicago Fed National Activity Index, released by Federal Reserve Bank of Chicago, is a monthly index designed to gauge overall economic activity and related inflationary pressure. The US Chicago Fed National Activity Index will be released at 13:30 GMT, the US 3-Month Bill Auction at 16:30 GMT, and the US 6-Month Bill Auction at 16:30 GMT.
US 3-Month Bill Auction
Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive by holding the bond until maturity.
US 6-Month Bill Auction
The auction sets the average yield on the bills auctioned by US Department of Treasury. Treasury bills are short-term securities maturing in one year or less. The yield on the bills represents the return an investor will receive.
US 2-Year Note Auction
The note auction sets the yield on the notes auctioned off by US Department of Treasury. The yield on the notes represents the return an investor will receive by holding the bond until maturity. The US 2-Year Note Auction will be released at 18:00 GMT, the Dutch Consumer Confidence Adj at 05:30 GMT, Germany’s Producer Price Index at 07:00 GMT.
NL Consumer Confidence Adj
Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. A high level of consumer sentiment is bullish for the overall economy.
DE Producer Price Index
The Producer Price Index measures the average changes in prices in primary markets by producers of commodities in all states of processing.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: https://cryptodaily.co.uk/2022/11/sbf-pocketed-300-m-in-funding-round-crypto-daily-tv-21112022