TheCryptos.com

Don’t get rugged, use our interactive tool to discover the top cryptos. Your trusted resource in a trustless economy. Algorithm may be prone to false positives.

[TheCryptos.com @TheCryptos_com]

The beta is ready for you to explore!

Discover the top #crypto projects with our interactive tool. Visit here: https://t.co/qKulA8mp7j

[TheCryptos.com @TheCryptos_com]

@WalkerAmerica @IIICapital

[TheCryptos.com @TheCryptos_com]

@Jason @balajis These types of takes are the result of living in an echo chamber.

[TheCryptos.com @TheCryptos_com]

@RNKNomad @EricBalchunas 🙌

[James Seyffart @JSeyff]

Okay. Bloomberg News/@business confirming this now:

[Bitcoin Magazine @BitcoinMagazine]

BREAKING: 🇺🇸 SEC will not appeal Grayscale's court win over its spot #Bitcoin ETF conversion - Reuters

[TheCryptos.com @TheCryptos_com]

Good summary here:

[Autism Capital 🧩 @AutismCapital]

The TLDR of the FTX grift was as follows:

Sam/Gary Wang both own Alameda and FTX. Alameda trades, FTX is an exchange. Alameda also trades on FTX.

All user accounts should be treated the same.

In 2019, Gary Wang adds a function to the ALAMEDA accounts on FTX called "allow negative". This allows Alameda to withdraw more money than they have in their accounts.

Sam justifies this by saying (paraphrasing) "we can cover the withdrawals by eating into FTX's revenue."

Eventually Alameda's withdrawals exceed the amount of revenue of FTX. Sam then tells Gary to include the FTT token (Sam's made up crypto) in the revenue of FTX so they have a larger pool of money to draw from.

This buys them some more time but eventually Alameda's withdraws even more than that.

The money has to come from somewhere: customer funds.

When they ran out of ways to artificially prop up the pool of money they were withdrawing from, they used the next most immediate thing: customer money.

Gary, at some point during all this, sets up Alameda with a $65 BILLION line of credit. For comparison most market makers who have a line of credit have single to double digit millions.

Alameda at the end of it all had withdrawn $8 BILLION against their $65B line of credit.

LUNA crashed, the market turned, and companies/lenders/etc. started going bankrupt. This lowered the value of the total pool of money FTX was drawing from.

Then, the FTX financials leaked to Coindesk, and CZ sold his FTT, *again* lowering the total pool of money FTX was drawing from.

The fear of the FTT sale sparked a bank run on FTX and lo and behold, FTX was caught with its pants down and hands in the cookie jar.

Alameda had withdrawn too much of customer funds and they couldn't cover the withdrawals.

Game over.

[Crypto Zombie @TheCryptoZombie]

🔥 THIS VIDEO IS A MUST WATCH!

Incredibly REALISTIC explanation of why #Bitcoin is the greatest commodity the world has ever seen and how a $500k+ #BTC price is easier than most think!

[TheCryptos.com @TheCryptos_com]

@BenArmstrongsX LFG! We prefer to get our financial advice from someone who owns a minivan 🚀

[TheCryptos.com @TheCryptos_com]

Something other than $26k 🎉

#bitcoin

[TheCryptos.com @TheCryptos_com]

@danheld To be fair, it was the UK branch but still mind blowing.

[TheCryptos.com @TheCryptos_com]

If they control “your money” was it ever your money to begin with?

[TheCryptos.com @TheCryptos_com]

Repeat after me: I will not leave crypto on an exchange. I will not leave crypto on an exchange.

CoinEx hot wallets appear to be drained of nearly $28 million in crypto https://t.co/GDMt0ezGkY

[TheCryptos.com @TheCryptos_com]

Potential new watchlist additions! These 5 cryptos had some big point gains to their score in our algorithmic rankings today:

1) $ANC -- Anchor Protocol
2) $ZBC -- Zebec Protocol
3) $DDD -- https://t.co/nOfCp15O3d
4) $BOND -- BarnBridge
5) $UMB -- Umbrella Network

Add them to your #crypto watchlist at https://t.co/hYYAC8MXCM

[TheCryptos.com @TheCryptos_com]

@WatcherGuru Yup, we're getting paid in DOGE for our content soon. Let's go!!

[TheCryptos.com @TheCryptos_com]

Looks like all you content creators are about to get paid in $DOGE or $BTC soon enough.

Twitter (X) Acquires Required License to Add Crypto Payments https://t.co/VsFHq3edaV via @CryptoTimes_io

[TheCryptos.com @TheCryptos_com]

Never like to see the correlation increase between the $SPX, $NDX, and gold. This typically happens during pullbacks...

[TheCryptos.com @TheCryptos_com]

$BTC and $ETH percentage of supply in profit in freefall over the past week. But in good news, the ETH levels looks to be nearing a bottom.

[TheCryptos.com @TheCryptos_com]

These are great cryptos to add to the top of your list to research. To see more trending cryptos and add them to your #crypto watchlist at https://t.co/vVu8FIrNjm

[TheCryptos.com @TheCryptos_com]

Potential new watchlist additions! These 5 cryptos had some big point gains to their score in our algorithmic rankings today:

1) $REEF -- Reef
2) $FIRO -- Firo
3) $SPO -- Spores Network
4) $PRISM -- PRISM Protocol
5) $AMB -- AirDAO

[TheCryptos.com @TheCryptos_com]

USDC expands to 6 new blockchains - Polygon, Base, Polkadot, NEAR, Optimism & Cosmos via Noble. Aims to boost adoption after losing market share to rivals. Coinbase taking stake in Circle to shore up governance after ditching Centre consortium.

[TheCryptos.com @TheCryptos_com]

@davidgokhshtein Looks magical. Good morning to you too