FTX still causing unrest in market meanwhile Binance partners with CR7
In this newsletter:
Cryptocurrency prices today: Market Unrest Caused by FTX Incident Spillovers, Bitcoin and Ethereum Prices Fall
After crypto DeFi lender Genesis restricted withdrawals, claiming problems brought on by the FTX incident, the cryptocurrency market once more started to decline.
The market capitalization of cryptocurrencies dropped by around 2.17 percent to $831.85 billion, and their trading volume dropped by 3.31 percent
BTC fell 1.8% to $16,613.88.
On November 16, the BTC market was quite turbulent and stagnant. Its price dropped along with its trading volume. However,in the evening, BTC buyer activity significantly increased, which allowed BTC to partially recoup some of its losses.
The price of Ethereum dropped 4.03 percent to $1,211.29 in the 24 hours prior to Thursday morning.The trading of ETH was similarly erratic and unpredictable. ETH's price remained static, fluctuating very slightly between $1,191 and $1,264. But ETH trading volume increased.
Solana’s (SOL) price was down by 1.65 per cent at $14.31 today.
Binance is once again attempting to acquire the bankrupt lender Voyager Digital.
Binance.US, the American arm of the world’s largest cryptocurrency exchange, is preparing to bid for bankrupt lending platform Voyager Digital based on a source acquainted with the plans.
In the past, the defunct cryptocurrency exchange FTX won the title of "white knight" by defeating competitors Wave Financial and Binance. Wave Financial and the trading platform Cross Tower are reportedly in the running this time. Native coins for Voyager increased by more than 55%.
Following FTX's declaration to declare bankruptcy last week, Voyager said it had reopened the company's bidding process and was in active talks with potential alternative bidders. According to rumours, Wave Financial and the trading platform Cross Tower are candidates.
However,Voyager did not return requests for comment by press time.
Voyager's native token VGX jumped as much as 50% after the rumour went along, VGX was up over 40% at $0.4066.
Earlier this week, Binance CEO Changpeng “CZ” Zhao said his exchange is setting up an industry recovery fund to help rebuild the industry.
With Binance, Cristiano Ronaldo Debuts His First NFT Collection
The Portugal captain discussed his new endeavour and said that the goal of starting the NFT was to provide something special for the fans.
During an interview with journalist Piers Morgan, Manchester United player Cristiano Ronaldo revealed some stunning allegations about the team that made headlines. On a brighter note, the star striker is once again in the spotlight after he partnered exclusively with Binance for a number of years to unveil his first NFT collection. Beginning on Friday, November 18, Ronaldo's NFT will be accessible.