ChainCatcher news, Castle Island Ventures partner Nic Carter stated that the intervention of U.S. regulators forced Silvergate Bank to voluntarily liquidate, otherwise the bank could have survived. Carter pointed out that the Biden administration had previously required Silvergate to limit cryptocurrency deposits to 15%, or face severe consequences. This move is seen as "Kill Switch 2.0," which aims to undermine banks that support cryptocurrency through covert rules, weakening the industry's development.Carter also noted that Silvergate's decision to voluntarily liquidate instead of entering the FDIC receivership process is "questionable," a situation that has occurred only a few times in the past 30 years.Carter believes that Silvergate's collapse is more due to regulatory pressure than a liquidity crisis.

ChainCatcher message, according to the analysis by Ki Young Ju, founder and CEO of CryptoQuant, the Bitcoin market is in a price discovery phase, but a seller liquidity crisis is imminent. Last week, the net inflow of physical Bitcoin ETFs reached 30,000 BTC. Known entities such as exchanges and miners hold approximately 3 million BTC, with U.S. entities holding about 1.5 million BTC. At the current rate, a seller liquidity crisis is expected to occur within the next six months.Ki Young Ju pointed out that once a seller liquidity crisis occurs, due to limited seller liquidity and a thin order book, the next cycle peak for Bitcoin may exceed expectations. This situation could arise when the total amount of Bitcoin held by accumulation addresses reaches approximately 3 million BTC.

ChainCatcher news, CryptoQuant founder Ki Young Ju tweeted that we might see a Bitcoin seller liquidity crisis this year. In addition to GBTC, new funds from spot ETFs have increased by 95% month-over-month. At this rate, this year's holdings could exceed several million Bitcoins.Currently, exchanges, miners, and their associated addresses hold 3 million Bitcoins.

ChainCatcher news, according to crypto KOL Andrew on his social platform, there are rumors within Silvergate that global market-making giant Citadel Securities will intervene in Silvergate to save the situation, and may inject more funds into the cash-strapped Silvergate to help it overcome the liquidity crisis.Previously, ChainCatcher reported that when Moody's downgraded Silvergate Capital's long-term issuer rating from B1 to B3, Susquehanna Advisors Group and Citadel Securities had been buying large amounts of shares in the bank, driving up the bank's stock price. (source link)

ChainCatcher message, in response to the recent withdrawal difficulties or delays, CoinList stated on Twitter that CoinList is not insolvent, lacks liquidity, or is close to bankruptcy, but is experiencing technical issues. They are currently upgrading their internal ledger system and migrating wallet addresses involving multiple custodians. Additionally, they stated: "Custodial issues mean that the migration time for certain tokens is longer than expected, such as ROSE, CFG, FLOW, MINA. Publishing proof of reserves is also on our roadmap." (source link)

ChainCatcher news, the Securities Commission of the Bahamas (SCB) issued a statement addressing questions regarding the control of assets of FTX's Bahamian subsidiary, FTX Digital Markets Ltd (FDM). On November 10, the Commission determined that FDM's customers and creditors need protection under the DARE Act and suspended FDM's business license. Subsequently, a petition was filed with the Supreme Court of the Bahamas to place FDM into a temporary liquidation process. Given the nature of digital assets and the risks associated with hacking and attacks, the Commission determined that liquidating FDM alone would not be sufficient to protect FDM's customers and creditors. On November 12, the Commission requested an additional order from the Supreme Court of the Bahamas under the DARE Act to transfer all of FDM's digital assets into a wallet controlled by the Commission.The Securities Commission of the Bahamas stated that it will continue to assess the situation and take actions in accordance with the directives issued by the Supreme Court of the Bahamas, and will cooperate with other regulatory authorities to take further actions as necessary to preserve FDM's assets and protect the interests of FDM's customers and creditors. Additionally, the Commission will continue to investigate the facts and circumstances surrounding the FTX liquidity crisis and any potential violations of Bahamian law. (source link)

ChainCatcher news, NFT lending protocol BendDAO co-founder PirateCode.eth stated on Twitter: "I hope people stop fudding BendDAO, there is no liquidity crisis, only a group of greedy people wanting better and cheaper blue chips, those who fud are the ones you should hate, not those who are building."Previously, the BAYC floor price fell below 50E, and 28 BAYC in BendDAO entered liquidation, causing market panic that BendDAO would trigger another liquidation crisis. (source link)

ChainCatcher news, the crypto trading and lending institution Genesis tweeted that the default of 3AC (Three Arrows Capital) has negatively impacted the liquidity of Genesis's lending division, Genesis Global Capital. Since then, Genesis has been reducing its balance sheet risk and enhancing its liquidity position and collateral quality. However, the collapse of FTX has caused unprecedented market turmoil, leading to withdrawal requests that exceeded Genesis's current liquidity.Earlier, ChainCatcher reported that there were market rumors suggesting that the crypto trading and lending institution Genesis might have solvency issues, and the company would hold a call with creditors at 8:00 AM EST on November 17 to explain the situation. If the news is true, Genesis may sell ETHE and GBTC to repay lenders. (source link)

ChainCatcher news, Binance founder Changpeng Zhao tweeted, "In order to mitigate the further cascading negative effects of FTX, Binance is establishing an industry recovery fund to help projects that are otherwise strong but facing liquidity crises. More details will be released soon. If you believe you qualify, please contact Binance Labs, and other cash-rich industry participants are also welcome to collaborate on investments." (source link)

ChainCatcher news, NFT whale Deepak.eth claimed on Twitter that due to the eight-figure risk exposure of his project Chain Protocol as CEO on FTX, the project is currently facing liquidity issues. Therefore, he decided to sell a large number of valuable blue-chip NFTs to raise funds. Currently, Deepak.eth has listed all the NFTs for sale on his Twitter, indicating consideration for selling them in a package for 8000 ETH or at the highest price individually. (source link)