{"id":3576,"date":"2022-06-23T14:22:42","date_gmt":"2022-06-23T14:22:42","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/06\/23\/alameda-research-moves-370-mln-to-ftx-more-bailouts-incoming\/"},"modified":"2022-06-23T14:22:42","modified_gmt":"2022-06-23T14:22:42","slug":"alameda-research-moves-370-mln-to-ftx-more-bailouts-incoming","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/06\/23\/alameda-research-moves-370-mln-to-ftx-more-bailouts-incoming\/","title":{"rendered":"Alameda Research Moves $370 Mln To FTX, More Bailouts Incoming?"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>\n<iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/alameda-research-moves-370-mln-to-ftx-more-bailouts-incoming\/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>Crypto dealer Alameda Research, which is owned by FTX founder Sam Bankman-Fried, was seen transferring almost $370 million to the trade this week.<\/p>\n<div class=\"quads-location quads-ad90952\" id=\"quads-ad90952\" style=\"float:none;margin:0px 0 0px 0;text-align:center;padding:0px 0 0px 0;\">\n<p><a href=\"https:\/\/servedbyadbutler.com\/go2\/;ID=180936;size=647x80;setID=509734\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"647\" height=\"80\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=647x80;setID=509734;type=img;click=CLICK_MACRO_PLACEHOLDER\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=647x80;setID=509734;type=img;click=CLICK_MACRO_PLACEHOLDER\" width=\"647\" height=\"80\"\/><\/noscript><\/a>\n<\/div>\n<p>On-chain knowledge agency PeckShield flagged a <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/search?q=%23peckshieldalert%20Alameda&amp;src=typed_query\">series of transactions<\/a> between Alameda and FTX, the place the dealer moved a number of tokens, together with BUSD, USDC and ETH to the trade\u2019s pockets.<\/p>\n<p>While it was not instantly clear what the aim behind the transactions was, they arrive after FTX bailed out no less than two main crypto lenders.<\/p>\n<p>The trade has provided credit score traces totalling over $700 million to <a href=\"https:\/\/coingape.com\/ftx-bails-out-crypto-lender-blockfi\/\">Voyager Digital and BlockFi.<\/a> Both the lenders have been dealing with a liquidity crunch amid a extreme drop in crypto costs.<\/p>\n<h2>FTX needs to stem contagion<\/h2>\n<p>Founder Sam Bankman-Fried stated <a rel=\"nofollow\" href=\"https:\/\/www.npr.org\/2022\/06\/19\/1105853170\/crypto-billionaire-says-fed-is-driving-current-downturn\">in a recent interview<\/a> that the exchange- which is among the largest crypto players- has a duty to \u201cstem contagion.\u201d But the transfer can also be giving FTX a a lot bigger stake within the crypto market, with the Voyager deal <a rel=\"nofollow\" href=\"https:\/\/cryptoslate.com\/ftx-ceo-sam-bankman-fried-now-single-largest-shareholder-of-voyager-digital\/\">reportedly<\/a> making Fried the most important shareholder within the agency.<\/p>\n<p>Fried can also be a <a rel=\"nofollow\" href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1783879\/000114036122018827\/brhc10037465_sc13d.htm\">7.6% stakeholder<\/a> in buying and selling app Robinhood, which has a current, however sizeable presence within the crypto trade.<\/p>\n<p>FTX\u2019s bailouts come on the heels of a possible insolvency in crypto hedge fund Three Arrows Capital (3AC), which Voyager and BlockFi have been each uncovered to. Concerns over contagion from the insolvency have unfold throughout the market, bringing down crypto costs.<\/p>\n<p>But whereas Fried has attributed the crypto market weak point to rate of interest hikes by the Federal Reserve, there seem like extra elements at play.<\/p>\n<h2>Alameda behind market weak point?<\/h2>\n<p>A bulk of 3AC, and crypto lender Celsius\u2019 insolvency dangers stem from weak point within the costs of <a href=\"https:\/\/coingape.com\/staked-ethereum-steth-could-cause-a-crypto-crash-heres-how\/\">Lido Staked Ethereum (stETH)<\/a>.<\/p>\n<p>Both 3AC and Celsius had used the token as collateral, and when its costs fell, they have been uncovered to margin calls they may not meet. This in flip liquidated their positions, dumping tokens into the market.<\/p>\n<p>But stETH weak point coincided with Alameda swapping <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/HsakaTrades\/status\/1534464723302891522\">about $57 million of the token<\/a> on Curve, inflicting a liquidity pool imbalance and denting the token\u2019s peg to Ethereum.<\/p>\n<p>FTX CEO Fried has denied hypothesis over the matter, calling it \u00a0<a rel=\"nofollow\" href=\"https:\/\/twitter.com\/SBF_FTX\/status\/1539024336090169344\">a \u201cdumb conspiracy theory.\u201d<\/a><\/p>\n<p>\u00a0<\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA115601\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<div class=\"authodes\">\nWith greater than 5 years of expertise overlaying world monetary markets, Ambar intends to leverage this information in direction of the quickly increasing world of crypto and DeFi. His curiosity lies mainly to find how geopolitical developments can influence crypto markets, and what that would imply in your bitcoin holdings. When he is not trawling by way of the net for the most recent breaking information, you could find him taking part in videogames or watching Seinfeld reruns.<br \/>\nYou can attain him at <a href=\"https:\/\/coingape.com\/cdn-cgi\/l\/email-protection\" class=\"__cf_email__\" data-cfemail=\"32535f50534072515d5b5c555342571c515d5f\">[email\u00a0protected]<\/a>\n<\/div>\n<\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/ea9c281adcd1bf769e2644219ba20818?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\" src=\"https:\/\/secure.gravatar.com\/avatar\/ea9c281adcd1bf769e2644219ba20818?s=60&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/ea9c281adcd1bf769e2644219ba20818?s=60&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/ea9c281adcd1bf769e2644219ba20818?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD115601\">\n<p> The offered content material might embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn&#8217;t maintain any duty in your private monetary loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/alameda-research-moves-370-mln-to-ftx-more-bailouts-incoming\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Crypto dealer Alameda Research, which is owned by FTX founder Sam Bankman-Fried, was seen transferring almost $370 million to the trade this week. On-chain knowledge agency PeckShield flagged a series of transactions between Alameda and FTX, the place the dealer moved a number of tokens, together with BUSD, USDC and ETH to the trade\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[14],"tags":[2545,2546,887,1151,95,1534,286],"class_list":["post-3576","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin","tag-alameda","tag-bailouts","tag-ftx","tag-incoming","tag-mln","tag-moves","tag-research","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/3576","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=3576"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/3576\/revisions"}],"predecessor-version":[{"id":3577,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/3576\/revisions\/3577"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/2903"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=3576"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=3576"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=3576"}],"cu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