ICYMI: MIM stablecoin slightly loses dollar parity amid fears of partial FTT backing
Crypto markets experienced a brief respite from the last 72 hours of selling, before dumping again as the global crypto market cap crashed below $1 trillion.
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Abracadabra's MIM Stablecoin Briefly Lost Dollar Peg as FTX's FTT Token TankedFTT is the largest collateral backing MIM, accounting for 33% of the total collateral locked in Abracadabra's 'cauldrons.'
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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
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First Mover Americas: Binance Dumps FTT TokensCrypto exchange Binance plans to sell all of FTX's native token, FTT, that it owns after CoinDesk reported on the makeup of FTX's sister company Alameda Research's balance sheet. JamieCrawleyCD reports
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SBF calls for collaboration with Binance 'for the ecosystem'FTX's founder denied allegations of insolvency after Binance announced it was liquidating its FTT holdings.
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FTX token shows signs of resilience after CZ tiff'Market makers are working overtime to maintain the price of FTT,' according to data provider Kaiko.
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Binance CEO not interested in Alameda’s offer to buy up its FTT holdingsBinance CEO Changpeng Zhao doesn't appear interested in selling his company's FTX Token holdings to Alameda Research, saying 'we will stay in the free market.'
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