Hong-Kong-based billionaire Sam Bankman-Fried has stated that FTX may consider buying U.S. financial giant Goldman Sachs and exchanges such as Chicago Mercantile Exchange (CME) in the future. Speaking with the Financial Times on July 14, Bankman-Fried stated that if FTX can become the top crypto exchange and supplant rivals such as Coinbase and Binance, the idea of purchasing giants such as Goldman Sachs and CME group is not off the table: “If we are the biggest exchange, [buying Goldman Sachs and CME] is not out of the question at all.” The 29-year-old has an estimated net worth of $8.7 billion …

FTX has become the latest crypto exchange service to join ClearLoop — an instant trading settlement infrastructure from Alan Howard-backed Copper.co. As part of the integration, Copper’s over 300 institutional asset managers will be able to access FTX crypto offerings, such as cryptocurrency futures, options, volatility markets, as well as tokenized stocks among others. With over 1 million registered users and more than $600 billion in trading volume per month, FTX is the largest crypto exchange to join the ClearLoop platform, according to the Copper announcement on Tuesday. With Deribit and Bitfinex also part of ClearLoop, Copper’s institutional clients can …

Switzerland-based token issuer Digital Assets AG, or DAAG, has officially launched its stock-tokenization infrastructure on the Solana blockchain, offering users of the FTX trading platform a novel way for accessing traditional equity markets. During the initial rollout, FTX users who have completed Know Your Customer documentation will have access to 55 free-floating stocks, available 24 hours a day, 365 days a year, Digital Assets AG announced Thursday. That means users in permitted jurisdictions will be able to buy, sell and withdraw the assets at any time. Free-floating stocks are assets that have received regulatory approval to trade on tokenized platforms. …

Crypto derivatives exchange FTX has become an official sponsor of Major League Baseball, setting the stage for broader mainstream recognition of digital assets. As part of the sponsorship deal, which is expected to last for at least five years, every Major League umpire will receive an FTX patch on their uniform, FTX founder and CEO Sam Bankman-Fried tweeted Wednesday. Over time, the agreement is expected to evolve to include collaboration on the design of world-leading brands. “It's not the only partnership we were considering, but the enthusiasm and creativity of the MLB team made it the one we were excited …

Last week, I made the mistake of being just about the only DeFi denizen who actually went to the Bitcoin 2021 event in Miami. While I managed to catch up with a handful of builders and big brains in the convention center, my time would have been better spent tracking down degens at the various satellite events, yacht parties, and nightclub meetups — the “shadow conference” for DeFi taking place while boomercoin maximalists talked over the same points they’ve been parroting for the better part of a decade. What little time I did get to spend with DeFi folks was …

FTX and global esports brand Team SoloMid, oTSM, have signed a multi-year partnership that grants exclusive naming rights to the crypto trading platform. According to a release issued on Friday, the deal is valued at $210 million with the esports brand’s name changing to “TSM FTX.” As part of the deal, TSM FTX will distribute crypto to players and employees with the newly repurposed esports company also purchasing $1 million worth of FTT — the native token of the FTX cryptocurrency exchange. Trading slightly above $34 as of the time of writing, a $1 million purchase of FTT would amount …

Trevor Lawrence, the presumptive number-one pick in the upcoming National Football League draft, has signed an endorsement deal with crypto portfolio-tracking platform Blockfolio. According to a report on Monday by the New York Times, the quarterback prodigy has already received a signing bonus from the Blockfolio endorsement deal in crypto. Commenting on the deal, Sam Bankman-Fried, CEO of Blockfolio parent company FTX, said that Lawrence “was excited about crypto.” According to Bankman-Fried, Lawrence’s positive disposition toward cryptocurrencies is what drew the company to the NFL prodigy, adding that FTX was looking to promote its business to mainstream audiences. Indeed, FTX …

Coinbase has announced impressive first-quarter results one week before the exchange’s direct listing on Nasdaq, estimating that trading volume is up 276% and quarterly revenue has hit $1.8 billion. The bountiful revenue, revealed in the company’s Q1 earnings call, dwarfs its $190-million revenue from the same time last year, with the company attributing a portion of this explosive growth to Bitcoin’s (BTC) bull market. The American exchange estimated net income between $730 million and $800 million and an EBIDTA of approximately $1.1 billion. The bull market has also seen monthly active users grow to more than 6 million users, up …

The news was announced by Efficient Frontier on Monday, with the company stating the funding will be used to “expand its balance sheet” and build its position within the crypto-asset sector. Efficient Frontier chief executive Roei Levav stated: Sam Bankman-Fried’s Alameda Research has invested $2 million in Tel-Aviv-based algorithmic crypto market maker Efficient Frontier. “This funding, coming from such a strong team, is humbling and will help us to further improve our value proposition to our partners.” “Efficient Frontier is one of the most advanced trading companies in our space,” said Alameda co-founder and CEO Bankman-Fried. “We have been working …

According to a report yesterday from the Miami Herald, cryptocurrency exchange FTX is preparing to finalize a deal to sponsor the home of National Basketball Association team the Miami Heat — a move that will grant the exchange exclusive naming rights for the 19,600 arena. “Miami-Dade County is getting closer to signing a cryptocurrency company to replace American Airlines as the naming-rights sponsor of the Miami Heat’s downtown arena, according to several sources — a deal that would deliver the NBA its first venue tied to bitcoin and other electronic currencies,” reads the report. The Herald also noted that “Internet …

How much are 140 million users worth? After a $50 million direct investment in travel app Maps.me earlier in the year, Alameda Research has announced today a $40 million investment in decentralized finance protocol Oxygen, a Solana-based lending platform that will plug into the app. Similar to lending protocols such as Aave and Compound, “Oxygen will first offer borrow-lending services via pools, in which users will deposit their assets and leverage Serum’s on-chain infrastructure to lend according to their desired terms. Users can also simultaneously lend to generate yield while borrowing against their portfolios,” reads the announcement. While the specifics …

On February 9, Blockfolio's Signal feed was briefly compromised, resulting in some users receiving racist messages within the company's app. Users said that the culprits went so far as to threaten loss of funds if deposits were not removed from the crypto portfolio platform. While the derogatory messages were reportedly scrubbed by Blockfolio's security team within about 30 minutes, the incident left many wondering how such an attack could have occurred. Tweeting on Tuesday, SBF offered updates about the incident, alleging that a competing exchange was to blame. 1) We're really sorry about the messages today on Blockfolio. We've also …