<em>"Doubt is a killer

"Doubt is a killer. You just have to know who you are and what you stand for."

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It's Fridayyyy Folks! The contagion continues to spread and this time it's back to CeFi as BlockFi freezes withdrawals. This is by far the worse situation I've seen the Crypto market face. FTX collapse is equivalent to a nuclear bomb, IMHO, and I am not sure how long the radiation will last. Every news story involved FTX in some way and The Block has corner the most of all publications. 

Meanwhile, the price of Bitcoin appeared to attempt a rally but found resistance around $18K. I believe sideways to down is likely as it attempts to find support around $16K. As many believed $14K could be in the works or even lower toward $10K is not out of the question. I am still a strong believer in Bitcoin and when I zoom out, I am still incredibly excited about this asset.

Podcast of the Day: Crypto Is Destroyed | FTX Failure Will Be Catastrophic | Caitlin Long, Mike Alfred, David Duong (The Wolf Of All Streets

• BlockFi Announces Withdrawal Freeze, Blames ‘Lack of Clarity’ at FTX and Alameda Research (CointelegraphBlockworks

FTX NEWS

• LayerZero reaches a complete equity buy-out agreement with FTX and Alameda (
• Tether chief technology officer confirms no plans to rescue FTX (Cointelegraph

• Rumors continue to fly surrounding Sam Bankman-Fried and the fall of FTX (Cointelegraph
• BitMEX Co-Founder on Future of Crypto Market in the Wake of Collapse of FTX Empire (Cryptoglobe

Exchange

• Over $250,000,000 in Bitcoin Withdrawn From FTX, but One Group of Investors Isn’t Touching Their BTC: Glassnode (
• Bankman-Fried sold FTX equity to employees at 50% discount in spring (
• FTX US employees attempt to sell assets in CEO’s absence: Bloomberg (
• Binance Commits to Transparency, Reveals $40B in Stablecoin Reserves (

Legislation/Regulation

• Senators moving forward with SBF-backed bill after FTX collapse (Cointelegraph
• Sam Bankman-Fried goes from toast of Washington to political pariah (
• FTX faces SEC and CFTC investigation: Bloomberg (
• California regulators to investigate FTX crypto exchange collapse (Cointelegraph
• FTX Has European License Suspended by Cyprus Regulator: Report (
• FTX Faces Trouble in As Regulators Narrow Their Sights (Blockworks

Contagion

• Teacher’s Pension Fund Faces Investment Issue in FTX’s Liquidity Crunch (CryptoPotatoBlockworks
• Genesis Trading says derivatives arm has $175 million locked up in FTX account (
• Silvergate Capital Shares Pressured by FTX Debacle (Blockworks
• Mechanism Capital among funds with assets stuck in FTX, exploring legal options (
• Sequoia Says Investment in FTX Does Not Negatively Impact its Fund (CryptoPotato

People on the move

• FTX Foundation's Future Fund team resigns, condemns exchange's behavior (
• Ripple Executive Makes Unexpected Offer to FTX Employees: Details (
• FTX’s head of institutional sales resigns, says team was 'completely in the dark' about insolvency (

• Bitcoin ($BTC) Traders Move to Buy the Dip as ‘Feelings of Hopelessness’ Take Over (Cryptoglobe
• Hodlers in loss sit on 50% of BTC supply after $5.7K Bitcoin price dip (Cointelegraph
• Brownstone Institute founder says Bitcoin could be headed back to $10,000; Here’s why (
• Bitcoin’s Relative Strength Index drops to its weakest in history (
• This Pattern Shows Bitcoin Bulls Might Be in Trouble (

ETHEREUM

• Traders take a neutral position after Ethereum futures contracts see massive liquidations (Cointelegraph
• Ether Turns Deflationary as Amount of ETH Burned Spikes Amid FTX-Induced Market Volatility (

• Cardano Is in Enormous 9% Recovery, Here's Why: Crypto Market Review, November 11 (
• Cardano ADA Price Recovery Likely to Be Hindered by Slow Network Activity (

LEGAL BATTLES

• SEC Gains Another Supporter in Ripple Case (

ATTACKS/HACKS/SCAMS

• CFPB: Romance scams and 'pig butchering' play key role in growing crypto complaints (
• Polychain-backed DFX Finance hacked for $7.5 million (
• DFX Finance Hacked, Exploiter Drains $4M And Funnels Funds to Tornado Cash (

• Nov 10: The FTX Saga in 3 Twitter Threads (Decrypt Daily
• Weekly Roundup 11/10/22 (FTX fiasco, Su Zhu and Do attempt comebacks, Proof of Reserves redemption) (On The Brink
• Bursting Bitcoin's Political Bubble w/ Jason Maier (Bitcoin Magazine
• ROLLUP: The SBF & FTX Aftermath | ETH Goes Ultra Sound | NEW Ethereum Roadmap | OPENSEA Royalties (Bankless
• Erik Voorhees and Cobie on Why FTX Loaned Out Customers’ Assets (Unchained