Evening News ｜ Binance plans to sell all FTT on its books; Alameda and FTX are preparing to replenish the hot wallet

Organizer: Nianqing, Chain Catcher

"What important events have occurred in the past 24 hours?"

1. Alameda responds to "insolvency" rumors: over $10 billion in assets not listed, most loans repaid

Regarding the recent circulation of Alameda Research financial documents, Alameda Research co-CEO Caroline Ellison tweeted: The balance sheet circulating online is incomplete and only represents a subset of the company's entities; we have over $10 billion in assets not reflected in that sheet. Additionally, the balance sheet lists several of our largest long positions but does not include our hedge positions. Given the tightening in the crypto credit space this year, we have repaid most of our loans so far.

Previous reports indicated that, according to a financial document obtained by CoinDesk, as of June 30, Alameda Research held assets worth $14.6 billion, including $3.66 billion in "unlocked FTT" and $2.16 billion in "FTT collateral." Of the $8 billion in liabilities, aside from $7.4 billion in loans, there was also $292 million in "locked FTT."

Its assets also included $292 million in "unlocked SOL," $863 million in "locked SOL," and $41 million in "SOL collateral," with other mentioned tokens including SRM, MAPS, OXY, and FIDA, as well as $134 million in cash and equivalents and $2 billion in stock investments. (Source link)

2. Zhao Changpeng: Binance will sell all remaining FTT on its books in the coming months

Binance founder Zhao Changpeng tweeted that "as part of Binance's exit from FTX equity last year, Binance received approximately $2.1 billion worth of cryptocurrency (BUSD and FTT). Due to recent revelations, we have decided to liquidate all remaining FTT on our accounts. We will try to do this in a way that minimizes market impact. Given market conditions and limited liquidity, we expect this to take several months to complete." According to market data, FTT dropped to 22.61 USDT, briefly falling 12.65%. (Source link)

3. SBF: FTX maintains financial audits, has processed billions in deposits and withdrawals today

FTX founder Sam Bankman-Fried (SBF) tweeted, "A bunch of baseless rumors have been circulating. FTX has retained audited financials, which sometimes slows down product speed but keeps FTX highly regulated. FTX has processed billions in deposits/withdrawals today, and there are large amounts of dollar and stablecoin conversions ongoing." (Source link)

4. FTX deposits $60 million, withdrawn within 15 minutes

On-chain data shows that FTX is raising stablecoins from various sources to cope with large withdrawals, continuously depositing to increase its stablecoin reserves, but has repeatedly fallen below $1 million. It deposited $60 million 30 minutes ago, but it was withdrawn within 15 minutes. As of the time of writing, FTX withdrawals are normal. (Source link)

5. Data: Alameda and FTX currently hold approximately $250 million in ETH and stablecoins

According to statistics from Lookonchain, by organizing the top 15 addresses of Alameda Research and the top 2 addresses of FTX, it was found that Alameda and FTX currently hold a total of $247.4 million in ETH and stablecoins. (Source link)

6. Data: The top ten addresses holding FTT currently account for 92.22% of the total holdings

According to data from OKLink multi-chain browser, there are currently 21,114 addresses holding FTT, with the top 10 addresses accounting for 92.22% of the holdings. The first and second addresses are both FTX exchange addresses, while the third address is a Binance exchange address, holding over 21.6 million FTT, worth $480 million. (Source link)

7. Helium plans to provide SIM cards and free trial services to Solana Web3 phone Saga users

According to CoinDesk, the decentralized wireless network Helium and its development team Nova Labs announced that they will provide SIM cards and free trials for customers of Solana Labs' Saga phone. Customers who purchase the Saga phone in the U.S. will receive a 30-day free Helium Mobile subscription, although both companies declined to disclose the financial details of the plan.

Previously, members of the Helium Network community voted in September to abandon their own blockchain and migrate to the Solana blockchain. (CoinDesk)

"What are some great articles worth reading in the past 24 hours?"

1. "What is the real reason behind the intense confrontation between Binance and FTX?"

FTX's funds seem to have no major issues at the moment. However, the complex interrelated transactions between Alameda and FTX certainly exist, which is also where Binance attacks and SBF dares not respond. The procedure is one aspect, while the result is another. If multiple negative factors intertwine and occur simultaneously in the future (such as a hacker attack as a trigger), its risk resistance capability will indeed be relatively weak. Additionally, the lack of transparency in the relationship between FTX and Alameda will raise user concerns. The stark contrast before and after Three Arrows Capital has led to a high level of distrust in centralized institutions, resulting in a large number of withdrawals (Binance's future attacks will certainly not be absent).

2. "Arthur Hayes: How can CBDCs become 'pure evil'?"

For the general public, CBDCs will launch a comprehensive attack on the rights of honest transactions between people. For governments, it is the best tool to change people's behavior, as we voluntarily upload our lives to social media platforms like Instagram and TikTok. For banks, CBDCs will continue to threaten their existence.

3. "A showdown of the four major L2 protocols in the zk series: progress, similarities, and ecosystems"

Stimulated by the Aptos airdrop, the strong narrative of the L2 zk series has indeed attracted a large number of users recently. However, compared to the relatively mature op series scaling solutions, the zk series appears lively on the surface but is still far from true prosperity; the current ecosystem is still relatively weak, and the development cycle of zk technology is longer, posing certain barriers for developers and projects. Therefore, rather than arguing over who will be the "first zkEVM," it is better to continue building.

This article summarizes the development progress, ecosystem details, and more of the four major zk protocols: StarkWare, zkSync, Polygon zkEVM, and Scroll, giving you a comprehensive understanding of the current hot zkEVM track.