Tether, the stablecoin issuer, explains why the recent collapse of FTX and Alameda has no impact on USDT.

Tether, the stablecoin issuer, explains why the recent collapse of FTX and Alameda has no impact on USDT.

The largest stablecoin issuer in the world, Tether, has issued a statement assuring investors that the collapse of cryptocurrency exchange FTX and its trading arm Alameda Research has no impact on USDT.

Bulls are trying to drive up the price of XRP; will Ripple's token soon reclaim $0.40?

Bulls are trying to drive up the price of XRP; will Ripple's token soon reclaim $0.40?

Despite the market's uncertainty, XRP bulls appear to have regained momentum as they aim for new price levels. Notably, XRP bears seemed in control at the beginning of the week as the asset reacted to the fallout from the FTX cryptocurrency exchange crisis.

FTX Accounts Drainer is now the 27th largest Ethereum wallet, holding over 250,000 ETH.

FTX Accounts Drainer is now the 27th largest Ethereum wallet, holding over 250,000 ETH.

The Ethereum address known as the “FTX Accounts Drainer” or “0x59a” has drawn attention because it is linked to the organization that siphoned off millions of dollars worth of tokens from FTX just hours after the company declared bankruptcy.

Despite Solana's Fall During the FTX Collapse, the Community Is Maintaining Hope.

Despite Solana's Fall During the FTX Collapse, the Community Is Maintaining Hope.

The rapid collapse of FTX has hurt the crypto community significantly, but not nearly as much as the Solana community. The price of Solana's token (SOL) has decreased by just over 63% since November 6th, trailing only FTX's native token, FTT, which has reduced by more than 93%.

According to On-Chain Metrics, the Cryptocurrency Bear Market May Be Ending Soon

According to On-Chain Metrics, the Cryptocurrency Bear Market May Be Ending Soon

According to IntoTheBlock, a cryptocurrency analytics firm, certain on-chain metrics suggest the crypto market may be nearing the bottom of the bear market.

Despite the volatility of the cryptocurrency market, OKB Token records higher gains.

Despite the volatility of the cryptocurrency market, OKB Token records higher gains.

OKB, the OKX Exchange's native token, has seen significant gains in a bearish crypto market. The utility token's price increased by 4.63% on the day, reaching a high of $20.80. Along with other market leaders like Toncoin and Trust Wallet Token, it also increased by over 11% on its weekly chart.

Grayscale refuses to disclose proof of reserves due to “security concerns.”

Grayscale refuses to disclose proof of reserves due to “security concerns.”

Since FTX filed for bankruptcy, they have pressured cryptocurrency companies to disclose details about their reserves.

Following Liz Truss's departure, the value of bitcoin dropped.

Following Liz Truss's departure, the value of bitcoin dropped.

Bitcoin has failed to capitalize on the economic and financial uncertainty in the United Kingdom, falling even further in October despite this being a historically bullish time for the leading digital currency by market capitalization.

According to FTX's new CEO, most of its subsidiaries are Solvent.

According to FTX's new CEO, most of its subsidiaries are Solvent.

The majority of FTX's regulated or licensed subsidiaries, both inside and outside the US, have solvent balance sheets, according to the CEO of FTX.

Unchained Capital, a Bitcoin lender, and custodian has announced plans to reduce employment.

Unchained Capital, a Bitcoin lender, and custodian has announced plans to reduce employment.

Joe Kelly, CEO of Unchained Capital, has stated that some hires made during the previous bull market cannot be maintained during the current bear market. They will let about fifteen percent of the workforce go.

Bitcoin Purchase by Pantera Worth $140 Million

Bitcoin Purchase by Pantera Worth $140 Million

This is the first significant investment by an institutional investor since the crisis, suggesting that markets may be turning a corner.

Cardano commercial division

Cardano (ADA) commercial division has announced its intention to release a stablecoin pegged to the US dollar using fiat currency.

The company claims the crypto asset is backed 1:1 and complies with all applicable regulations, noting that the product bridges the gap between conventional banking and decentralized currency markets (DeFi).

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