Solana’s SOL was a big loser in digital-asset markets on Sunday and Monday. Analysts speculate there might be a link to the recent drama surrounding Binance and Sam Bankman-Fried’s FTX and Alameda Research. _jocelynyang_ reports
, raising thorny questions about the blurry divisions between Bankman-Fried’s trading firm and the FTX exchange.that the company would happily buy Binance's FTT tokens for $22 each.
So a key question is how Alameda might pay for the FTT tokens if the trading firm were to step up as a buyer of the Binance stake. SOL is Alameda's second-largest holding, and it also holds significant amounts of SOL ecosystem tokens like MAPS and OXY, according to Carey.that a copy of Alameda's balance sheet shows the firm held $292 million of “unlocked SOL,” $863 million of “locked SOL” and $41 million of “SOL collateral.”
Sean Farrell, head of digital asset strategy at research firm FundStrat, wrote Monday in a note that he expects Binance and Alameda to eventually reach an over-the-counter deal to “move all of Binance's FTT without adversely affecting the prevailing market price.”It could be that the SOL token is falling because of market pressures entirely unrelated to the FTX-Binance tete-a-tete.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FTX CEO Sam Bankman-Fried Denies Insolvency Rumors as Binance Liquidates FTT TokenFTX CEO SBF_FTX has dismissed speculation over whether the company has enough capital to cover its customer deposits. Reporting by oknightcrypto
Read more »
'FTX is fine,' Bankman-Fried insists as he appeals for Binance to work togetherSam Bankman-Fried also threw a barb at Binance CEO Changpeng Zhao, saying 'I'd love it, cz_binance, if we could work together for the ecosystem.'
Read more »
Divisions in Sam Bankman-Fried’s Crypto Empire Blur on His Trading Titan Alameda’s Balance SheetAlameda had $14.6 billion of assets as of June 30, according to a private document CoinDesk reviewed. Much of it is the FTT token issued by FTX, another Bankman-Fried company.
Read more »
The MarketWatch 50 Profile Page - Sam Bankman-Fried - MarketWatchSam Bankman-Fried has come out of nowhere and become the closest thing crypto has to a central banker. He's on the MarketWatch 50 list. The MarketWatch 50 is made up of people whose actions, work and opinions are reverberating through financial markets:
Read more »
FTX CEO Accuses Competitor of False Rumors, Addressing Binance CEOFTX CEO addresses Binance CEO, accuses competitor of false rumors regarding Alameda drama alameda solana sol binance bnb ftx ftt $eth $sol $bnb $ftt
Read more »
SBF has been a 'significant donor' in the US midterm electionsCrypto-policies will weigh heavily in the 2022 midterm elections and some industry leaders are throwing millions in to support crypto-supporting candidates and campaigns.
Read more »