Mario Nawfal

🚨 Some big news just broke: White House says it will continue to monitor developments on crypto; says crypto risks harming everyday Americans without proper oversight, latest news underscores such concerns. But, will not comment on what actions should be taken by regulators. 🧵

Sam is likely going to jail The story keeps getting worse and worse by the hour Got lawyers on stage discussing this now, and it's looking UGGGGLYYYYY

Sam, wtf is going on?? Partial FTX withdrawals looking very fishy No one on stage knows WTH is going on! 200k+ got withdrawn while I write this! And it's not just stables, it's even altcoins!

"Alameda intentionally de-pegged USDT yesterday and profited from the trade" - @bradmillscan So USDT had a clear incentive to freeze Alameda's usdt reserves

If you have money in USDC, Circle could be forced to blacklist every USDC until you go through KYC - @bradmillscan

USDT collapsing will not lead to an ice age, but the stone age - @kantormusic

🚨 JPMorgan says FTX collapse fallout could cut the value of cryptocurrencies in half before it's over. - CNBC

Binance poses a big systematic risk for the crypto industry - @LarhribAmine

This explains the FTX withdrawals: "We Are Pleased to Announce That We Have Reached an Agreement With Tron to Establish a Special Facility to Allow Holders of TRX, BTT, JST, SUN, and HT to Swap Assets From FTX 1:1 to External Wallets" - FTX

🚨Breaking:🚨 SBF is seeking up to $9.4 billion for FTX's rescue. - Reuters exclusive

SOL epoch being released in 3 hours

We will see repercussions from FTX/Alameda for months to come

🚨 FTX US has resigned from the Crypto Council for Innovation, a crypto lobbying organization based in Washington D.C. - CoinDesk

🚨Breaking:🚨 Top FTX lawyer orders documents preserved as investigations ramp up. - CoinDesk

"We could see a lot more big names blow up. We don't know how deep all this is" - @OGBTC 🎙️

🚨Breaking:🚨 FTX has reopened withdrawals on its exchange. - CoinDesk

There's possibly just as many skeletons in the closet at Binance as with FTX. Binance could implode - @mikealfred

🚨Breaking:🚨FTX is now approaching Kraken as a potential rescue partner. - Axios

🚨 WSJ now reporting that FTX used customer funds to play risky bets... and how billions were lent to Alameda. t.co/MZDmfUGZRR

🚨Breaking:🚨 Miami-Dade County, Florida, will explore 'all legal remedies' if FTX can't pay arena deal. - The Information

We have a few exchanges joining the space in an hour (trying to get @SBF_FTX as well) What should I ask them?

🚨FTX Japan is ordered by regulators to suspend operations and stop accepting new customers following withdrawal halt. - CoinDesk

For $8, you can either get verified or own FTX, Alameda, 3AC and Celsius Go for the blue tick 🫡

🚨Tether has begun freezing FTX's USDT at the request of law enforcement while investigations are ongoing. - Tether executive statement

In good times you make money. In hard times you acquire assets. As simple as that. Yet, most people are doing this the other way around.

🚨 US CPI data shows inflation increased less than expected in October. Month-over-month was 0.4% (expected to be 0.6%), while annual CPI was 7.7% (instead of the expected 7.9%. - Reuters

🚨Breaking:🚨 US SEC Chair Gary Gensler says protections are needed for crypto investors; runway is getting shorter and crypto companies have been warned. He says crypto companies need to work with the SEC. - interview on CNBC

🚨SBF out with a staff memo this morning addressing the raise and stating that he now believes Binance never intended to go through with the deal. - Reuters t.co/nXYN8JxGmL

Crypto peeps want decentralization Crypto peeps wanted Elon to take over Twitter Twitter went from partially decentralized (public company with a board and shareholders) to fully centralized (private company owned by Elon) Ironic...