Daily Crypto #2

The most important news of the day: FTX stopped processing withdrawals, CEO of Animoca Brands about metaverse, Bitmex going to list their new BMEX token

FTX appears to have stopped processing withdrawals

Source: Forbes

In the last newsletter, we advised you about the situation around Binance and FTX. So, today, judging by the on-chain data, FTX has closed the withdrawal.

According to Etherscan data, the last outgoing transaction from the FTX exchange was processed more than two hours ago.

Yesterday, November 7, Sam Bankman-Fried radiated confidence, noting that the situation is essentially "sucked out of thin air" and is nothing but foul play. But FTX seems to have run into some problems today.

There are no outgoing transactions from the site for more than two hours. There is also no activity in the exchange's wallets on Tron and Solana. Meanwhile, the rate of FTT continues to fall (-26.82%).

Notably, yesterday the exchange also had some difficulties in processing withdrawal transactions. But FTX said that everything is working "smoothly".

The last messages from the company were about 12 hours ago. Ironic that FTX thanked the support team for their hard work in solving withdrawal problems.

CEO of Animoca Brands about metaverse and GameFi future.

Animoca Brands' head of blockchain game operator Robbie Jung called the creation of virtual worlds a "long-term plan" as part of a speech at the Web Summit.

Source: TheBlock

"We have to be realistic, this is a long-term plan. We're building a 3D internet, which will probably take 10 years or more," he said.

Jung also noted that meta universes are impossible without Web3 because virtual worlds need compatibility between content.

"As an industry, we're working to set standards for this. We've created several consortia to try to solve these problems," added Jung.

Animoca Brands co-founded the industry group Open Metaverse Alliance, which launched in November. The consortium is pushing for interoperability standards in the metaverse that will help NFTs from one platform easily integrate into another.

Bitmex going to list their new BMEX token.

Crypto exchange Bitmex will list a native BMEX token on Friday. It will be used in a rewards program.

Source: Bitmex

BMEX holders will receive discounts on trading commissions, commission-free withdrawals, and increased stacking rewards. They will be the first to have access to new products.

The exchange first announced plans for its token last December. They held their first drop in February. The company has given away "millions of BMEX to more than 80,000 traders».