Tag Archives: alameda research

Solana’s native – SOL – token has been on an absolute tear this month. After flipping XRP, it briefly surpassed BNB before settling as the fifth-largest crypto asset. Over the past week alone, SOL has surged by nearly 23%, partly fueled by the excitement surrounding airdrops, which contributed to the complete sell-out of Solana’s Saga phone and its trading at a premium on secondary markets. However, recent data indicates that SOL constitutes the largest holding of FTX and...

These asset shifts have also been constantly noticed ever since FTX filed for bankruptcy, leaving many to speculate about the rationale behind the moves. According to a recent tweet by Spot on Chain, crypto accounts linked to the collapsed crypto exchange FTX and its sister trading firm Alameda Research executed over $10 million worth of token transfers across six currencies within a 12-hour span. These movements involve a part of the remaining digital assets still controlled by FTX...

FTX and Alameda have been actively divesting their holdings. Within the past 24 hours, both entities have transferred $36.01 million worth of MATIC and AVAX to various exchanges. This is a testament to their ongoing commitment to reaching settlements with creditors amidst the twists and turns of the bankruptcy battle. FTX Selling Spree Continue Based on Spot on Chain analytics, FTX deposited $36.01 million worth of MATIC and AVAX to different exchanges within 24 hours. Out of...

The crypto wallets associated with the now-defunct crypto exchange FTX and its sister trading firm, Alameda Research, persist in diversifying their investments across various altcoins on numerous crypto exchanges. According to Spot On Chain data, FTX and Alameda’s addresses recently transferred nine assets amounting to $46 million to Kraken, Binance, and Coinbase once again. FTX and Alameda’s Massive Transfers Earlier today, FTX deposited $46 million worth of assets to...

The Crypto Sector Index Series will include several indices tracking the prices of a bucket of different digital assets based on their use cases.  The world’s largest digital assets manager Grayscale Investments continues to take steps in order to expand its footprint in the market. Also, the latest report shows that Grayscale is venturing into the crypto indices business in partnership with the London-based indices provider FTSE Russell, a London Stock Exchange subsidiary. Grayscale and...

Solana had a strong association with FTX, and the latter’s collapse last year had significant repercussions for the SOL token. However, the seventh-largest crypto-asset has pursued a strong recovery this year. According to Nansen’s latest analysis, SOL has been trending positively since the summer. In fact, the SOL vs ETH ratio was found to have been breaking higher, nearing highs not seen all year. Since the collapse of FTX, SOL has declined more than ETH, meaning ETH has...

The bankrupt cryptocurrency exchange has staked close to $170 million in several crypto assets, including Solana, Ethereum, and MATIC. Blockchain data revealed that the defunct platform has staked over 5.5 million SOL and more than 24K ETH. FTX Move to Staking Staking is primarily the practice of locking up cryptocurrencies on a blockchain network to support it and earning token rewards, mainly at a predetermined rate. #CryptoNews: Over 5.5 million #Solana (SOL) were sent by...

In a wild twist of fate, the crypto world’s foundation trembled as the FTX empire crumbled last year, leaving its founder, Sam Bankman-Fried, standing trial for a fraud of epic proportions. The US government asserts that this disgraced crypto mogul orchestrated one of the grandest financial deceptions in history, while his defense paints him as a naive young enthusiast who swam too deep in the digital tides. Two weeks deep into the riveting high-stakes drama of the courtroom,...

Conor Grogan, a director at Coinbase, recently took to X to point out that on-chain data reveals that Alameda Research minted 39.55 billion USDT tokens. This figure represents 47% of the current circulating supply of Tether. Alameda Research’s Role in USDT Minting In a recent revelation, Conor Grogan took to social media to share insights into the issuance of Tether (USDT). According to on-chain data, Alameda Research, a crypto investment firm, minted 39.55 billion USDT...

Zac Prince – former CEO of collapsed crypto lending firm BlockFi – took the stand during Sam Bankman-Fried’s trial in New York City on Friday. The CEO discussed the size of his loans to the exchange’s sister trading desk, Alameda Research, and what exactly he knew about the state of their balance sheet as one of its major creditors. How BlockFi Went Bust Per testimony summarized by Inner City Press, Prince said BlockFi lent out “five to ten billion dollars” overall, of which...