Top Whale "Sabo" Buys 53 Million Dogecoin (DOGE)

Top BNB whale “Sabo” purchased 53,501,879 Dogecoin worth $4.05 million. The whale’s DOGE holdings is now worth $5.79 million

Twitter France’s Chief Resigns

Twitter Inc’s France head, Damien Viel, left his position in a tweet, ahead of potential layoffs at the beleaguered platform. Notably, Viel leads the twitter department in France for seven years.

FTX Drainer Swapping Ethereum To Bitcoin

According to Arkham, Crypto Intelligence, the FTX account drainer swapped 15K Ethereum to renBTC. It bridged out ETH to native BTC.

Data depicts that, 15K Ethereum (approx worth $16.78 million was swapped for 1023.64 Bitcoin (approx $16.47 million). The transaction resulted in a slippage of $312K.

FTX Japan to resume withdrawals this year

Crypto exchange FTX Trading’s Japanese arm FTX Japan plans to resume withdrawals by the end of this year. While the withdrawals are currently suspended, FTX Japan’s executive said on Monday that the team is already developing its withdrawal system.

Indian FM on Web3

While addressing the 21st World Congress of Accountants on Friday, Union Finance Minister Nirmala Sitharaman said that Web3 will change the way financial information is handled.

Sitharaman said, “When we have to look at technology and adaptation of technology, Web3 is taking over our lives. I think the manner in which financial information is gathered, processed, and also reported is going to see a big difference.”

MAS could have protected FTX users

The Monetary Authority of Singapore (MAS) on Monday stated that it can’t protect FTX’s local users as the crypto exchange was not licensed by the MAS and operated offshore. Moreover, the MAS clarifies queries on why it added Binance to the Investor Alert List (IAL), but not FTX.

Nearly 400K Ethereum moved by whales

Ethereum (ETH), the world’s second largest crypto price dropped by more than 8% in the last 24 hours. However, this Ethereum price move has motivated the crypto whales to add more ETH to their holdings.

Investors Eyes Genesis and DCG As FTX Contagion Spreads

While DCG and Genesis look to raise $1 billion in emergency funding, reports claim that Barry Silbert’s DCG owes over $1.1 billion to Genesis. If the funding fails, it could spark more damage than FTX collapse.

FTX new CEO, John J. Ray III was paid $1300 for an hour

As per reports, FTX new CEO, John J. Ray III was paid around $1300 for an hour. He was billed at least monthly.

John J. Ray III was also the bankruptcy reorganization leader for Enron.

Ethereum liquadation breaches $37 million

Today’s ETH price correction is also the result of a broader market correction. The broader cryptocurrency market is down by 5.6% slipping under $800 billion as of press time.

As per glassnode, traders have liquidated more than $37 million from the Ethereum over the past day.

Ethereum Price tanks by 8%

As of press time, Ethereum (ETH) is trading 8.09% down at a price of $1,120 and a market cap of $137 billion.

On Sunday, November 20, reports emerged that the FTX hacker who stole $600 million from the exchange is converting his ETH stash to Bitcoin.

Crypto market down by 4%

The global crypto market registered a major decline on Monday. The total market cap is down by 4% over the past 24 hours. It is on a brink of collapse to fall under the crucial $800 billion mark.