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Bankman-Fried said he was in talks with "a number of players" in the crypto sector, including Justin Sun who is the founder of crypto token Tron, after a potential rescue deal with larger rival Binance fell apart. He also said his firm Alameda Research, which sources have said was partly behind FTX's problems, was winding down trading. FTX's native token, FTT , is down more than 90% this week and was attempting to steady around $3.50. Another exchange, OKX, said it had been approached earlier in the week by Bankman-Fried, who described liabilities of $7 billion that needed covering fast. Bankman-Fried said FTX.US, the U.S. operations of the exchange, however, had not been financially impacted.

HONG KONG/SINGAPORE/NEW YORK Nov 10 (Reuters) - FTX's Sam Bankman-Fried is seeking new funds after a deal with Binance collapsed, according to a staff memo on Thursday viewed by Reuters, as the crypto exchange looks to plug a reported $8 billion hole in its finances. Larger rival Binance walked away from a bailout of FTX on Wednesday, sending cryptocurrency prices plunging as hopes for a rescue diminished. In the memo, viewed by Reuters, Bankman-Fried said for the next week he would be "conducting a raise" to do right by customers and "possible new investors." It came after Bankman-Fried told employees on Wednesday he was exploring all options for his firm after the Binance deal with collapsed. TX's shortfall comes after users rushed to withdraw $6 billion in crypto tokens from FTX in just 72 hours.

FTX head Sam Bankman-Fried said he was "exploring all the options", but fading hopes for rescue left FTX teetering. A message on the FTX website said: "FTX is currently unable to process withdrawals. "The dagger will continue to hang over the crypto market, as long as the outlook of FTX's fate remains unclear." 'CONFIDENCE CRISIS'There are also early signs that the fallout could spread beyond crypto markets, with jittery stockmarkets sliding on Wall Street overnight. Most crypto players remain bullish about the long term, but are braced for further falls in the near future.

He is seeking the remainder from other funds, including current investors in FTX such as venture capital fund Sequoia Capital, the source added. Bankman-Fried told investors that Alameda owes FTX about $10 billion, the Wall Street Journal reported. FTX had lent more than half of its customer funds to Alameda, the newspaper said. The U.S. securities regulator is investigating FTX.com's handling of customer funds and crypto-lending activities, according to a source with knowledge of the inquiry. Canada's Ontario Teachers Pension Plan, Tiger Global and Japan's Softbank are also FTX investors.

☆ Robinhood has no direct exposure to FTX, says CEO
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: 1 min

SINGAPORE, Nov 10 (Reuters) - Broker Robinhood has no direct exposure to crypto exchange FTX, chief executive Vlad Tenev said on Twitter. "Despite SBF having an equity stake in Robinhood, we have no direct exposure to Alameda, FTX, or any of its entities," he wrote, referring to FTX CEO Sam Bankman-Fried. He said there were elevated trading volumes recently and that the last couple of days were "our two biggest days of crypto inflows ever." Cryptocurrency markets have been sliding as uncertainty swirls around the fate of FTX. Reporting by Tom Westbrook; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

☆ Morning Bid: Red wave
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +1 min

The "red wave", however, showed up in markets. The S&P 500 (.SPX) fell 2% on Wednesday and the dollar seemed to catch a bid from a wave of cryptocurrency selling. Bonds rallied with the risk-averse mood, which opens the door for disappointment as U.S. inflation data comes into focus later on Thursday. Share markets fell around Asia, with MSCI's broadest ex-Japan index (.MIAPJ0000PUS) down 1%. European futures fell 0.6%.

☆ Factbox: Top crypto exchanges by volume
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: 1 min

[1/3] Smartphone with displayed Binance logo and representation of cryptocurrencies are placed on keyboard in this illustration taken, November 8, 2022. REUTERS/Dado Ruvic/IllustrationNov 9 (Reuters) - Binance, the world's biggest cryptocurrency exchange, on Tuesday signed a non-binding agreement to buy rival FTX's non-U.S. unit. The move is the latest and potentially largest bailout in the crypto world, and investors are on edge about how the shakeout might re-shape the trading landscape. Here is a list of the biggest crypto exchanges in terms of volume this year, according to analytics website CoinGecko. Compiled by Harish Sridharan in Bengaluru and Tom Westbrook in Singapore; Editing by Bradley PerrettOur Standards: The Thomson Reuters Trust Principles.

☆ Morning Bid: Bank man fried
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +2 min

"We are in the best of hands," FTX founder Sam Bankman-Fried said on Twitter, after announcing a bailout that has not quite soothed market jitters. Bitcoin was falling in Asia on Wednesday, so was FTX's collapsing token and Binance's token had the wobbles. As Spectra Markets' Brent Donnelly and others have previously noted, naming rights are a reasonable signal of irrational exuberance. FTX's 19-year deal for naming rights at the Miami Heat basketball team's home arena looks to face a similar fate, as does its sponsorship of the Mercedes F1 team. China's factory gate prices dropped for the first time since December 2020, and consumer inflation moderated, underlining faltering domestic demand.

☆ Dollar catches breath while investors await midterms; cryptos skittish
▼ + stars: | 2022-11-09 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

The greenback has been under downward pressure from bets on the Federal Reserve easing back on interest rate rises and on China reopening and driving growth. It touched multi-week lows against the euro, Australian dollar and New Zealand dollar overnight, then edged off those levels during the Asia session. Some analysts view likely Congressional gridlock as a slight negative for the dollar if it limits fiscal spending. MORE TO DOLooming on Thursday is U.S. inflation data. The New Zealand dollar wobbled 0.3% lower to $0.5942.

☆ Dollar wobbles while investors await midterms; cryptos skittish
▼ + stars: | 2022-11-09 | by ( Tom Westbrook | Anant Chandak | ) www.reuters.com time to read: +2 min

It touched multi-week lows against the euro, Australian dollar and New Zealand dollar overnight, then edged off those levels early in the Asia session. "We all know the dollar will probably turn at some point - when is the big question," said Bank of Singapore currency analyst Moh Siong Sim. Investors expect Republican gains, and some analysts view likely Congressional gridlock as a slight negative for the dollar if it limits fiscal spending. On Thursday, U.S. inflation data is on the horizon. The New Zealand dollar wobbled 0.1% lower to $0.5951.

FTX token - which gives holders discounts on FTX trading fees - was last trading at $5.33, having slumped by more than three-quarters. Tuesday's developments left FTX investors scrambling to figure out what the deal with Binance means for their investment in FTX, according to people familiar with the matter. In late 2019, Binance invested in FTX, then a far smaller exchange, before exiting the investment in July last year. By then FTX had mushroomed into a growing rival to Binance, which dominates the crypto industry with over 120 million users. "A *huge* thank you to CZ, Binance," Bankman-Fried wrote.

A representative for FTX did not immediately respond to requests for comment on the deal or the SEC investigation. FTX and Binance did not disclose the terms of their agreement, and markets face fresh uncertainty over whether it will proceed. REUTERS/Dado Ruvic/Illustration 1 2Prior to the Binance proposed deal, Bankman-Fried approached cryptocurrency exchange OKX on Monday morning about a deal, but the exchange declined to move forward. "It has been a truly a devastating year for the industry," said Ryan Wong, a senior researcher at crypto exchange Huobi. "This could be a major source of risk to crypto markets," Lai wrote.

loadingHe said Binance, the world's biggest crypto exchange, will conduct due diligence in the coming days as the next step toward an acquisition of FTX.com. By then FTX had mushroomed into a growing rival to Binance, which dominates the crypto industry with over 120 million users. FTX token - which gives holders discounts on FTX trading fees - was last trading at $5.33, having slumped by more than three-quarters. On Sunday, Zhao said his firm would liquidate its holdings of the FTX token due to unspecified "recent revelations." "A *huge* thank you to CZ, Binance," Bankman-Fried wrote.

He said Binance, the world's biggest crypto exchange, will be conducting due diligence in the coming days as the next step toward an acquisition of FTX.com. The U.S. operations of Binance and FTX are not part of the deal, Bankman-Fried said in a separate tweet. FTX token - which gives holders discounts on FTX trading fees - was last trading at 18.38. On Sunday, Zhao said his firm would liquidate its holdings of the FTX token due to unspecified "recent revelations." "A *huge* thank you to CZ, Binance," Bankman-Fried wrote, referring to the rival CEO who goes by his initials.

LONDON/SINGAPORE, Nov 8 (Reuters) - The in-house token of major crypto exchange FTX slumped on Tuesday, losing one-third of its value and dragging down other major digital assets, as investors appeared to take fright at talk of pressure on FTX's financials. The FTX token - which gives holders discounts on FTX trading fees - was last down more than 33% at $14.68, its lowest since early 2021. The token, known as FTT, is the 30th largest digital coin, with a value of $2 billion, according to CoinMarketCap. Bitcoin , the biggest digital token, was down 6.42% at $19,342.00, its lowest in two weeks, and was on course for its worst day since mid-September. Reuters was unable to independently verify the accuracy of the report, or the origin of the leaked balance sheet.

LONDON/SINGAPORE, Nov 8 (Reuters) - Cryptocurrencies fell heavily on Tuesday and the in-house token of major crypto exchange FTX slumped by almost a quarter as investors appeared to take fright at talk of pressure on FTX's financials. Bitcoin , the biggest digital token, fell as much as 6% to $19,351, its lowest in two weeks, and was on course for its worst day in since mid-September. Ether , the next largest, fell over 6%. FTX has come under pressure after Changpeng Zhao, head of rival exchange Binance - the world's largest - said on Sunday his firm would liquidate its holdings of the FTX token due to unspecified "recent revelations." The FTX token - which gives holders discounts on FTX trading fees - was last down almost 23% at $17.11, its lowest since early 2021.

[1/3] U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. Some analysts say that outcome could be positive for bonds and negative for the dollar if it leads to less fiscal stimulus. The euro touched $1.003 in Asia trade, its highest in nearly two weeks, before sliding to trade down a touch straddling the $1 level. The Japanese yen hit a one-week high of 146.35 per dollar. COVID POLICYAnother factor that has weighed on the dollar in recent days was speculation that China might relax aspects of its dynamic zero COVID policy.

☆ Dollar catches footing ahead of U.S. midterms
▼ + stars: | 2022-11-08 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

[1/3] U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/IllustrationSINGAPORE, Nov 8 (Reuters) - The dollar steadied during Asia trade on Tuesday after some of the momentum ebbed out of bets on China's reopening, and as traders looked ahead to U.S. midterm elections. Some analysts say that outcome could be positive for bonds and negative for the dollar if it leads to less fiscal stimulus. Sterling , which surged on Monday, was 0.2% weaker at $1.1490, with focus there on fiscal update expected on Nov. 17. The Japanese yen hit a one-week high of 146.35 per dollar.

☆ China reopening hopes keep dollar on guard
▼ + stars: | 2022-11-08 | by ( Tom Westbrook | Tetsushi Kajimoto | ) www.reuters.com time to read: +3 min

[1/2] Banknotes of Chinese yuan and U.S. dollar are seen in this illustration picture taken September 29, 2022. It was firm at 7.2200 per dollar in offshore trade on Tuesday . The euro , linked via German exports to China's economy, regained parity on the dollar overnight and hovered at $1.0026. The New Zealand dollar climbed 0.2% to touch a seven-week high of $0.5951 in early Asia trade. But incremental adjustments have been enough to keep traders' hopes alive.

Banks and corporations use the market to manage interest rate risks and traders depend on it as reference for pricing other assets. To make a swap, market participants turn to a dealer or bank to facilitate the deal. DRAINEDPart of the issue is a lack of bond market supply. Last week, the RBA's head of domestic markets, Jonathan Kearns, noted the swaps market dysfunction. Nor are other swap markets globally seeing similar pressures.

☆ Cryptocurrencies slide as concerns over FTX exchange rattle markets
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +2 min

SINGAPORE, Nov 8 (Reuters) - Cryptocurrencies fell heavily on Tuesday and the native token of crypto exchange FTX collapsed by 15% as investors appeared to take fright at talk of pressure on FTX's financials. Bitcoin , the biggest cryptocurrency by market value, was down 4% at $19,750 and was having its worst day in about two months. FTX has come under pressure after the head of rival exchange Binance said on Sunday his firm would liquidate its holdings of the FTX token due to unspecified "recent revelations". FTX founder Sam Bankman-Fried said the exchange was "fine" and that concerns were "false rumours". However the FTX token was last down about 15% at $18.76 and figures from analytics firm Nansen showing a one-day net outflow from FTX of about $630 million suggested account holders were also getting their money out.

☆ NBA roundup: Dejounte Murray, Hawks hand Bucks first loss
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +11 min

Murray added eight rebounds and three steals for the Hawks, who lost 123-115 at Milwaukee on Oct. 29. Jerami Grant finished with 23 points and Lillard had 19 points and six assists. Cade Cunningham supplied 21 points, 11 rebounds and seven assists for the Pistons. Jaden Ivey had 15 points, 11 rebounds and six assists, and Isaiah Stewart added 11 points with 12 rebounds. Mike Muscala and Kenrich Williams scored 11 points apiece.

☆ Raphael Warnock delivers a personal address at hometown rally in Savannah, while zinging Herschel Walker as tight race nears: 'We're on a different field today'
▼ + stars: | 2022-11-07 | by ( John L. Dorman | ) www.businessinsider.com time to read: +5 min

Raphael Warnock on Sunday energized an upbeat crowd at a rally in his hometown of Savannah, Georgia. Days before the November general election, Warnock's return was met with pride from attendees. "He's doing a really great for us in the two years that he's had up there," Westbrook told Insider. When asked about Warnock's influence in Savannah, Westbrook said there's "a lot of pride" in the senator's trajectory. But he also pivoted to railing against Walker, praising his football career but saying that the election was being fought "on a different field today."

☆ Cleveland Cavaliers win eighth straight, down LeBron James and struggling Los Angeles Lakers, 114-100
▼ + stars: | 2022-11-07 | by ( Alasdair Howorth | ) edition.cnn.com time to read: +3 min

CNN —Just a week after Halloween, LeBron James and the Los Angeles Lakers continued their scary start to the season, losing 114-100 to a hot Cleveland Cavaliers team and falling to 2-7 on the year. The Lakers have only won a single third quarter this season, and that poor post-intermission trend came back to haunt them once again. The Cavs blew away the Lakers, starting the half with a 13-4 run and outscoring Los Angeles 29-16 in the quarter. “We were playing catch-up.”James shooting against his former team in what was to be the Lakers' seventh loss of the season. “They did a great job in the offseason of picking up a big-time player,” James said after the game about Mitchell and his former team.

☆ NBA roundup: Cavs down Lakers for 8th straight win
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +3 min

[1/5] Nov 6, 2022; Los Angeles, California, USA; Los Angeles Lakers forward Troy Brown Jr. (7) guards Cleveland Cavaliers guard Donovan Mitchell (45) as he drives to the basket in the first half at Crypto.com Arena. Mandatory Credit: Jayne Kamin-Oncea-USA TODAY SportsNovember 7 - Behind 33 points from Donovan Mitchell and a dominant fourth quarter, the Cleveland Cavaliers scored their eighth consecutive win with a 114-100 defeat of the host Los Angeles Lakers on Sunday. Los Angeles held an 80-77 lead with less than four minutes to go in the third quarter. Mitchell's backcourt mate, Darius Garland, added 24 points, while Jarrett Allen scored 16 with a team-high 11 rebounds for a double-double. Anunoby added 22 points and Scottie Barnes had 19 points and 10 rebounds for the Raptors, who visit Chicago for a rematch on Monday.

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