The collapse of FTX and Alameda has sparked another round of deleveraging in crypto markets, and that’s likely to spur more “crypto quantitative tightening,” Morgan Stanley (MS) said in a research report Friday.

The Monetary Authority of Singapore, the city-state's central bank and financial regulator, clarified that FTX — which filed for Chapter 11 bankruptcy protection — does not operate in the country. 

Hbit Limited, a fully owned subsidiary of New Huo Technology, has approximately $18.1 million worth of assets stuck on FTX, which filed for bankruptcy last week, according to Nov. 14 press release.

The Japanese government has vowed that it will do all it can to protect customers of FTX’s Japanese subsidiary, FTX Japan. But the exchange has announced that its clients’ funds are safe.

Former Microstrategy CEO and Bitcoin bull Michael Saylor believes the fallout of FTX could actually benefit Bitcoin and spark further growth in the crypto industry.

The past 24 hours have been quite dynamic in terms of pricing on the cryptocurrency market. Bitcoin dropped below $16K, only to soar back toward $17K later, followed by the rest of the cryptocurrencies.

The shock wave around the FTX explosion was felt globally as it severely fractured investor confidence. However, seasoned crypto entrepreneurs and supporters — including Changpeng “CZ” Zhao and Salvadoran President Nayib Bukele — continue to see through the fog while pushing forward their vision for financial freedom.

Crypto.com CEO Kris Marszalek came online to answer pressing questions from the industry after a weekend of simmering in hot water in the wake of FTX's filing for Chapter 11 bankruptcy protection.

The gaming industry is the most popular segment in the entertainment industry with 3.2 billion gamers enjoying video games on their screens. With the emergence of concepts like metaverse and web3, people are taking more interest in the sector.

Changpeng Zhao, founder and chief executive of Binance, tells the B20 Summit in Indonesia that the world’s largest cryptocurrency exchange aims to help improve business and operation standards in the crypto industry.