Morning Post - November 10

headlines

▌ Binance: Decided to abandon the acquisition of FTX based on the results of due diligence

Binance officially issued a statement saying that based on the results of the company's due diligence, as well as the latest news reports about the improper handling of customer funds and the investigation of the so-called US agency, it has decided not to pursue a potential acquisition of FTX.com.Initially, Binance hoped to support FTX's customers and provide liquidity, but these issues were beyond Binance's control or ability to help.Every time a major player in an industry fails, retail investors lose money. Over the past few years, Binance has seen that the crypto ecosystem is becoming more resilient, and Binance believes that abnormal actions that misuse user funds will sooner or later be eliminated by the free market.As the regulatory framework evolves, the ecosystem will grow stronger as the industry continues to move toward greater decentralization.

cryptocurrency

▌Bitmex: No FTX exposure, will continue to launch native tokens

Crypto exchange Bitmex said it still plans to launch its native token BMEX on Friday. Bitmex’s head of business development and partnerships stated that Bitmex is “unaffected by Alameda, FTX and FTT,” the exchange has no exposure to FTX or Alameda, and assets are safe.

▌The United States accused three people of supplying drugs in the United States and sanctioned their cryptocurrency addresses

In a press release on Wednesday, the U.S. Treasury Department’s Office of Foreign Assets Control announced that it added Dutch citizens Alex Adrianus Martinus Peijnenburg and Martinus Pterus Henri De Koning and British citizen Matthew Simon Grimm to the sanctions list, along with more than 50 BTC, ETH and BCH address. The three are charged with supplying narcotics, including fentanyl, stimulants, cannabinoids and opioids, in the United States.

▌Musk: Twitter may provide money market accounts and peer-to-peer payments

Musk said Twitter may offer money market accounts and peer-to-peer payments. Won't do anything (using twitter) to benefit Tesla.

▌In the past 24 hours, the outflow of Coinbase Bitcoin exceeded 40,000

According to coinglass data, in the past 24 hours, the number of Bitcoin outflows from Coinbase reached 40,309.72 BTC, making it the top encrypted trading platform with the highest BTC outflow, followed by FTX with a BTC outflow of 19,941.64 BTC.