crypto liquidation. Photo by BeInCrypto The cryptocurrency market faced $1.1 billion in liquidations over 24 hours on November 14, 2025, with $968 million from long positions. More than 246,000 traders were forced out, triggering fresh comparisons with the darkest period of the 2022 FTX collapse. Liquidation Wave Hits Major Crypto Exchanges During the recent 24-hour period, $1.1 billion in positions were liquidated, with long positions suffering $973 million in losses compared to $131.37 million for sh ...

SBF’s X Account Says FTX Was Never Insolvent—And FTT Would be $22 Billion Todayhttps://t.co/9CgPUa9zxL ...

Core Viewpoint - The document claims that FTX was never insolvent and attributes its downfall to a liquidity crisis rather than fraud, contradicting the findings of a jury in 2023 [1][2]. Financial Position - FTX reportedly had $25 billion in assets and $16 billion in equity value against $13 billion in liabilities at the time of its collapse [3]. - The document suggests that if not for the actions of external counsel, FTX and Alameda Trading could have had holdings worth approximately $136 billion [3]. Asset Valuation - The document lists significant investments, including a $14.3 billion stake in AI startup Anthropic and a $7.6 billion investment in Robinhood, among other assets [4]. - It claims that the FTX token (FTT) would be valued at nearly $22 billion if FTX and Alameda were still operational [5]. Legal Context - The FTX Recovery Trust is pursuing legal action against Genesis Digital Assets to recover $1.15 billion, alleging misappropriation by Bankman-Fried [4]. - There are claims of a movement to persuade former President Trump to pardon Bankman-Fried, following the pardon of Binance founder Changpeng Zhao [5][6].

🥇 $BMX is up 34.3% in the past 7 days, topping the charts as the #1 CEX token! 🎉Don’t miss the momentum - trade now: https://t.co/i1mcDd1VZ9Crypto Insights (@CryptoInsightsX):Top CEX Tokens with the Highest Growth last 7 days📊🥇 $BMX🥈 $HSK🥉 $FTT$CRO$PT$WXT$BNBWhich of these Exchanges is your choice?Other options, Comment below 👇 https://t.co/C8s7F4pyfM ...

Market Overview - The crypto market is experiencing renewed optimism as traders seek the best cryptocurrencies to invest in, with Bitcoin reclaiming the key $110,000 level and sentiment aligning with the bullish "Uptober" narrative [1][3] - October has seen significant volatility, with Bitcoin reaching an all-time high of approximately $126,350 before experiencing a dramatic liquidation event, causing altcoins to drop between 60 to 90 percent intraday [2] Bitcoin Performance - Bitcoin has shown resilience, bouncing back from lows below $100,000 and stabilizing around $110,000, with intraday gains exceeding 1 percent [3] - Traders are hopeful that the final week of October will restore Bitcoin's historically bullish performance for the month [3] Regulatory Developments - BNB's price surged over 7 percent following President Trump's pardon of former Binance CEO Changpeng Zhao, which is speculated to improve Binance's standing with U.S. regulators and indicate a potential shift towards a more supportive crypto regulatory environment [4] Economic Indicators - The U.S. Consumer Price Index (CPI) reading is anticipated, with expectations of a slight increase in inflation; any figure above the 3 percent consensus could lead to increased volatility in risk assets [5] - Ongoing diplomatic developments between the U.S. and China are unpredictable, with hopes that upcoming trade discussions will ease tensions regarding tariffs and rare earths [5] Altcoin Market - Selective altcoins are experiencing relief rallies, with Falcon Finance leading with over 20 percent daily gains, while other altcoins like AVANT, ApeCoin, and Humanity Protocol are also showing strong momentum [7] - The rotation into smaller assets is crucial for a successful conclusion to "Uptober," as traders remain cautious but are increasingly enthusiastic about finding the best crypto investments [8]

Core Insights - Sam Bankman-Fried, the founder of FTX, has reactivated his social media presence while serving a 25-year sentence for fraud [2][4] - His recent posts have sparked significant activity in the cryptocurrency market, particularly affecting the FTT token [5][6] - Bankman-Fried continues to assert that FTX had sufficient cash to meet obligations despite the company's bankruptcy [7] Group 1 - Bankman-Fried's X account was reactivated on September 24, posting a simple greeting, which is common in cryptocurrency circles [2] - A follow-up post clarified that a friend is managing the account, indicating compliance with prison rules [3][4] - The FTT token experienced a surge of over 50% in value shortly after the reactivation but has since declined [5] Group 2 - The FTT token, once integral to FTX's valuation, is now vulnerable to market manipulation due to its lack of utility following the exchange's collapse [6] - Bankman-Fried has publicly blamed others for FTX's downfall, particularly criticizing the decision to file for bankruptcy [7] - He claims that restructuring efforts are taking too long and expresses disappointment over the situation [7]

Core Insights - FTX's token FTT experienced a 17% surge in value despite ongoing bankruptcy proceedings and the reintroduction of unlocked tokens into circulation [1] - The token currently lacks utility, with most trading volume occurring on centralized exchanges such as Binance, Toolbit, Pionex, and Bitget [1] - FTX, once a leading global exchange, collapsed in November 2022 due to a liquidity crisis and mismanagement of customer funds, leading to a Chapter 11 bankruptcy filing [2] Company Developments - Sam Bankman-Fried, the former CEO of FTX, was sentenced to 25 years in federal prison in March 2024 for orchestrating a significant financial fraud, which involved stealing billions from customer deposits [3] - The conviction followed a high-profile trial where he was found guilty on seven counts of fraud and conspiracy, with key associates testifying against him [4] - In addition to prison time, Bankman-Fried was ordered to forfeit a $14 billion Chapter 11 reorganization plan aimed at repaying victims [4] Market Activity - FTT's price reached a high of $1.13 on September 18, 2023, before retracing, with trading over the past week fluctuating between $0.78 and $1.06 [5] - The token's all-time high was $84.18 in September 2021, indicating a nearly 99% decline from its peak value [5]

Crypto Asset Valuation - FTX estate deemed FTT worthless, while assigning value to megaSerum (7yr locked deals) [1] - Holding USD and rebuying SOL in other accounts would have been the best strategy during FTX's crisis [1] Trading Strategies & Market Dynamics - A common trade in Nov 2022 involved buying FTT under the logic of potential solvency or worthlessness [1] - FTX's situation presented gradations between solvency and worthlessness [1] Historical Comparison - The situation is similar to Mt Gox, where holding JPY instead of BTC claims and rebuying BTC would have been preferable [1] - Domestic JPY claims in Mt Gox were paid out at a higher priority [1]

Group 1 - The story of Sam Bankman-Fried (SBF) and FTX illustrates the rise and fall of a significant player in the cryptocurrency market, highlighting the intersection of technology idealism, utilitarian philosophy, and human weaknesses [2][4] - SBF's philosophy of Effective Altruism (EA) emphasizes using rational and efficient methods for charity, aiming for the "greatest good for the greatest number" [5][6] - SBF's approach to wealth generation was driven by the belief that earning money was a moral responsibility to fund charitable causes, leading to the establishment of Alameda Research and FTX, which rapidly grew to a valuation of $40 billion [6][7] Group 2 - The concept of "infinite games" versus "finite games" is introduced, with SBF claiming to play an infinite game aimed at enhancing human welfare, while his methods reflected a finite game mentality focused on winning at all costs [9][10] - The blurred lines between FTX and Alameda Research raised concerns, as FTX's initial funding came from Alameda, and the use of FTT tokens as collateral created a precarious financial situation [10][11] - The misuse of customer funds by Alameda, which were intended for high-risk investments and personal loans, ultimately led to the collapse of FTX, revealing a Ponzi-like scheme [11][12] Group 3 - The internal culture at Alameda, characterized by high intelligence but social challenges, fostered a reality distortion field that led to a disregard for ethical standards and risk management [12][13] - The collapse of FTX was triggered by a media report exposing Alameda's balance sheet, leading to a panic and a bank run that resulted in $6 billion in withdrawal requests within 72 hours [13][14] - The story serves as a cautionary tale about the dangers of placing too much trust in "genius narratives" and the importance of adhering to traditional financial rules, which are crucial for maintaining trust and stability in the market [15][16]