The collapse of the FTX Empire, Binance signs a non-binding LOI to acquire FTX

Yesterday was one of the craziest days for me since I’ve been on my crypto journey. I hope every one reading this is ok and your funds safe. Below is an overview of the yesterday’s top sentiment movers and top news.

Projects Sentiment Movers:

Big sentiment moves alway have news behind it, here’s the biggest movers and why

Boba Network (+260): Messari report on Boba Network came out, find it here
Optimism (+237): Announced Aave v3 introducing Stop Loss and Take profit feature on Optimism
Akash Network (+152): Solana nodes successfully running on Akash Network

These are a few of the top sentiment movers for today. Click on the project’s name to read more trending stories or go to the top project page here.

NFTs Sentiment Movers:

Liberty Square (+59): Announced multi-chain move along with Hallowed reveal within 24 hours
Stoned Ape Crew (+43): Built a fully functional payment system, PayLeaf, and using it in dispensaries
MAYC (+25): 2 MAYC drop today as physical cards

These are a few of the top sentiment movers for today. Click on the project’s name to read more trending stories or go to the top project page here.

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News:

In a stunning twist, Binance signs a non-binding LOI to fully acquire FTX

SBF @SBF_FTX

1) Hey all: I have a few announcements to make. Things have come full circle, and FTX.com’s first, and last, investors are the same: we have come to an agreement on a strategic transaction with Binance for FTX.com (pending DD etc.).

More evidence coming out on the downfall of FTX. Did they provide a bailout for Alameda?

Crypto veteran, Cobie, weighs in on the FTX collapse. Calls it the “worst ever”

OFAC revokes Tornado Cash designation and re-designates with clarity on what Tornado Cash is

US CFTC is monitoring Binance’s acquisition of FTX

Jonwu lays out a detailed thread on how FTX got to where it was yesterday.

What a timeline, very sad to see.

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Podcasts:

Bankless discusses Binance Acquiring FTX, CZ vs SBF as they are joined by Brian Armstrong & Erik Voorhees - this is a must listen

UpOnly has a loaded crew on. Martin Shkreli tells Do Kwon “jail isn’t that bad”. Watch it here

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Top NFT Twitter Mentions:

1. y00ts

2. BAYC

3. goblintown.wtf

4. Blocksmith Labs

5. Gutter Cat Gang

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