{"id":12431,"date":"2022-11-09T15:36:31","date_gmt":"2022-11-09T15:36:31","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/11\/09\/binances-ftx-bailout-singapore-government-involved-indirectly\/"},"modified":"2022-11-09T15:36:32","modified_gmt":"2022-11-09T15:36:32","slug":"binances-ftx-bailout-singapore-government-involved-indirectly","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/11\/09\/binances-ftx-bailout-singapore-government-involved-indirectly\/","title":{"rendered":"Binance&#8217;s FTX Bailout: Singapore Government Involved Indirectly"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>\n<iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/binances-ftx-bailout-singapore-government-involved-indirectly\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p>FTX\u2019s largest Singapore government-owned investor Temasek on Wednesday <a rel=\"nofollow noopener\" href=\"https:\/\/www.businesstimes.com.sg\/garage\/temasek-is-engaging-with-ftx-after-potential-binance-bailout?amp\" target=\"_blank\">said<\/a> it&#8217;s participating with FTX amid the bailout by rival <a href=\"https:\/\/coingape.com\/glossary\/crypto-exchange-2\/\" target=\"_blank\" rel=\"noopener\">crypto exchange<\/a> Binance. Temasek has participated in three funding rounds of FTX and it\u2019s one of many largest traders together with Lightspeed Venture Partners, Insight Partners, SoftBank, BlackRock, and others. Rumors have began spreading that Temasek could bailout crypto change FTX.<\/p>\n<h2>Would Singapore Government Investor Bailout FTX<\/h2>\n<p><a href=\"https:\/\/coingape.com\/binance-acquire-ftx-live-updates-sam-bankman-fried-reveals-liquidity-crunch\/\" target=\"_blank\" rel=\"noopener\">FTX crypto exchange reached out to Binance CEO \u201cCZ\u201d<\/a>\u00a0to assist the agency with the liquidity crunch. Binance CEO introduced signing a non-binding LOI with FTX to unravel the liquidity crunch. The FTX-Alameda disaster brought about a selloff within the broader crypto market, inflicting the markets to crash.<\/p>\n<p>FTX\u2019s third largest investor Temasek now engages with the crypto change as Binance signed a non-binding settlement, which makes Binance drop out of the deal at any time. Crypto Twitter is questioning if Temasek would go for a state-sponsored bailout.<\/p>\n<blockquote>\n<p>\u201cWe are aware of the developments between FTX and Binance, and are engaging FTX in our capacity as a shareholder.\u201d<\/p>\n<\/blockquote>\n<p>Lightspeed Venture Partners, Insight Partners, BlackRock, Ontario Teachers Pension Plan, Paradigm, Tiger Global, SoftBank, Circle, Sequoia, Ribbit Capital, Multicoin Capital, and VanEck are among the largest traders in FTX.<\/p>\n<div class=\"css-1dbjc4n r-1awozwy r-18u37iz r-1wbh5a2 r-dnmrzs\">\n<p class=\"css-901oao r-1awozwy r-vlxjld r-6koalj r-37j5jr r-a023e6 r-b88u0q r-rjixqe r-bcqeeo r-1udh08x r-3s2u2q r-qvutc0\" dir=\"auto\"><span class=\"css-901oao css-16my406 css-1hf3ou5 r-poiln3 r-bcqeeo r-qvutc0\"><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">Crypto influencer wassielawyer asserted that <a href=\"https:\/\/coingape.com\/tag\/Singapore\" target=\"_blank\" rel=\"noopener\">Singapore<\/a> can construct up its crypto affect and resolve the low-volume inventory change by shopping for <span class=\"css-901oao css-16my406 r-poiln3 r-b88u0q r-bcqeeo r-qvutc0\">FTX<\/span> with the nation\u2019s pension funds.<\/span><\/span><\/p>\n<blockquote>\n<p class=\"css-901oao r-1awozwy r-vlxjld r-6koalj r-37j5jr r-a023e6 r-b88u0q r-rjixqe r-bcqeeo r-1udh08x r-3s2u2q r-qvutc0\" dir=\"auto\"><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">\u201cSingapore has a pretty shit low volume stock exchange which they have been trying (and failing) to build up for years. Easy fix here \u2013 just buy <\/span><span class=\"css-901oao css-16my406 r-poiln3 r-b88u0q r-bcqeeo r-qvutc0\">FTX<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> with the nation\u2019s pension funds!\u201d<\/span><\/p>\n<\/blockquote>\n<h2 dir=\"auto\">Crypto Market Tumbles<\/h2>\n<p>The crypto market tumbled after FTX Token (FTT) fell over 30% after <a href=\"https:\/\/coingape.com\/breaking-binance-to-dump-ftx-ftt-token-holdings\/\" target=\"_blank\" rel=\"noopener\">Binance CEO \u201cCZ\u201d revealed selling all FTT<\/a> within the subsequent few months. It triggered a large selloff within the broader crypto market. The largest cryptocurrencies Bitcoin and Ethereum are buying and selling close to $17,500 and $1,200, respectively.<\/p>\n<p>Solana (SOL) dived greater than 35% as FTX subsidiary Alameda Research offered SOL to include the autumn of FTT tokens. <a href=\"https:\/\/coingape.com\/ftx-alameda-crisis-these-crypto-to-be-dumped-soon-after-solana-sol\/\" target=\"_blank\" rel=\"noopener\">These tokens are at risk of selloff<\/a> by Alameda Research.<\/p>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA126691\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<p>\nVarinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his information about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been related to the blockchain and cryptocurrency trade for a considerable interval and is presently protecting all the newest updates and developments within the crypto trade.\n<\/p>\n<\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD126691\">\n<p> The offered content material could embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn&#8217;t maintain any duty on your private monetary loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/binances-ftx-bailout-singapore-government-involved-indirectly\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] FTX\u2019s largest Singapore government-owned investor Temasek on Wednesday said it&#8217;s participating with FTX amid the bailout by rival crypto exchange Binance. Temasek has participated in three funding rounds of FTX and it\u2019s one of many largest traders together with Lightspeed Venture Partners, Insight Partners, SoftBank, BlackRock, and others. Rumors have began spreading that Temasek 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