PANews reported on November 7th that SBF posted on social media that while not entirely agreeing with the claims, it generally agrees with the description of FTX being excessively controlled during bankruptcy protection. SBF emphasized that its "innocence" argument is partly based on the fact that FTX has always been solvent ("assets exceeding liabilities"). SBF also pointed out that the current FTX management team is still holding certain funds and mentioned that Mr. Ji, a representative of Chinese creditors, is fighting for related rights.PANews reported on November 7th that SBF posted on social media that while not entirely agreeing with the claims, it generally agrees with the description of FTX being excessively controlled during bankruptcy protection. SBF emphasized that its "innocence" argument is partly based on the fact that FTX has always been solvent ("assets exceeding liabilities"). SBF also pointed out that the current FTX management team is still holding certain funds and mentioned that Mr. Ji, a representative of Chinese creditors, is fighting for related rights.

                                                                               Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday.                     The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction.  “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more