Morning Post - November 7

headlines

▌CZ: Liquidating FTT is a lesson learned from LUNA

Binance CEO Changpeng Zhao said on social media, "The liquidation of FTT is just a risk management for late exit, and it also learned the lessons from the previous LUNA. Binance has supported it before, but it will not pretend to be in love after divorce. Will support those who lobby against other industry players behind their backs.” Changpeng Zhao added that this is not a war or a battle, Binance just “cleaned the house” and moved on.

Blockchain application

▌Vietnamese blockchain companies urge blockchain training for students and IT experts

Vietnamese blockchain industry players highlighted the growing demand for blockchain talents in Vietnam, calling on the government and educational institutions to pay more attention to the talent shortage. They said that since the scarcity of talent in the blockchain field is a global challenge, the country needs to address the lack of training.

cryptocurrency

▌CZ: Will sell all FTT on the account, and exited FTX equity last year to obtain 2.1 billion US dollars of funds

Binance founder Changpeng Zhao (CZ) tweeted that Binance received approximately $2.1 billion in equivalent cash (BUSD and FTT) as part of Binance’s exit from its FTX stake last year. Due to the news that came to light recently, we have decided to liquidate all remaining FTT on our books.He also said it would try to do so in a way that minimized market impact. This is expected to take several months to complete due to market conditions and limited liquidity. Zhao Changpeng also said that this does not seem to be a move against competitors. “Our industry is in its infancy, and every public failure of a project hurts every user and every platform. We usually hold tokens for a long time. We have held FTT for so long, and our actions are transparent.” previously reported , the co-CEO of Alameda Research responded to the online financial documents, showing only part of the assets and repaying most of the loans.

▌SBF: FTX maintains financial audit and has processed billions of dollars in deposits and withdrawals today

FTX founder Sam Bankman-Fried (SBF) tweeted, "A bunch of unfounded rumors have been circulating, FTX keeps audited financials, although it sometimes slows down on production, FTX is highly affected Regulatory. FTX has processed billions of dollars in deposits/withdrawals today, and there is a lot of USD/stablecoin conversions going on.”

▌The co-CEO of Alameda responded to CZ: willing to buy the FTT that CZ plans to sell at a price of $22

Alameda Research co-CEO Caroline Ellison responded to Changpeng Zhao (CZ) on Twitter, saying that if you want to minimize the impact of the market on your FTT sales, Alameda is happy to buy it from you today for $22.Previously, Changpeng Zhao said that he would sell all the FTT on the account.

▌Huobi Global released a statement about the truth about the GALA incident: pNetwork will be held accountable and compensated

Justin Sun released Huobi Global’s truth about the GALA incident: pNetwork’s malicious use of management authority to issue more than 55.6 billion GALA tokens on the BNB Chain is not a white hat, but a premeditated hacker attack with malicious profit as the ultimate goal. White hat is an illegal excuse it seeks to evade legal sanctions. Huobi will pursue its full responsibility and compensation on behalf of the industry and users according to law.

▌Musk: In the future, any impersonating Twitter account without clearly stating "imitation" will be permanently suspended

Elon Musk, who has just acquired Twitter, said on social media that any fake Twitter account that does not clearly state "imitation" in the future will be permanently suspended. Twitter will issue a warning before deactivating the account, but now it is Extensive verification, so no warnings will be issued, will be clearly established as a condition of signing up for Twitter Blue, and any name change will also result in the temporary loss of the verified Blue Label certification mark.

▌Informed sources: Meta is preparing to start large-scale layoffs this week

According to people familiar with the matter, Meta plans to start a large-scale layoff this week, which may be the largest in a series of recent technology layoffs. The layoffs are expected to affect thousands of employees and an announcement is planned for as soon as Wednesday, the people said. The company has told employees to cancel non-essential travel starting this week, the people said. Meta reported that it had more than 87,000 employees at the end of September.