Hello, ApolloXplorer!Have you seen today’s key headlines yet?<h2 id="header-0">#1. Questions raised about FTX Ventures investments</h2>Binance’s possible acquisition of rival FTX has raised questions about what would happen to FTX Ventures’ investments.FTX Ventures previously invested in big names Yuga Labs, Circle, layer 1 blockchains Near Protocol and Sui, and in two different funding rounds for the Aptos blockchain.FTX has also been linked closely with BlockFi. FTX U.S. had given the lender a $400 million credit line with the option of acquiring BlockFi for up to $240 million.Source: <a href="https://www.coindesk.com/business/2022/11/08/yuga-labs-circle-skybridge-among-investments-ftx-venture-made-prior-to-liquidity-issues/" rel="noopener noreferrer nofollow">CoinDesk</a><h2 id="header-1">#2. Binance Proof-of-Reserve pledge gains support</h2>Binance will soon start a Proof-of-Reserves audit system to allow verification of its digital asset holdings, following news of Binance’s potential acquisition of rival exchange FTX.Zhao pledged to implement a Proof-of-Reserve mechanism at Binance to provide “full transparency” through the use of Merkle Trees — a data structure used to encode blockchain data more efficiently and securely.A Proof-of-Reserve audit is ordinarily conducted by an independent third party to ensure the custodian’s assets are owned as claimed.Source: <a href="https://cointelegraph.com/news/binance-proof-of-reserve-pledge-gains-support-following-ftx-crisis" rel="noopener noreferrer nofollow">Cointelegraph</a><h2 id="header-2">#3. US Treasury redesignates Tornado Cash sanctions</h2>The U.S. Treasury&#39;s OFAC has “delisted and simultaneously redesignated” Tornado Cash and added two individuals associated with North Korea to its list.It reiterated that the crypto mixer was involved in laundering $455 million in crypto stolen by the North Korea-affiliated Lazarus Group.The redesignation establishes sanctions for Tornado Cash’s role in “enabling malicious cyber activities”, which ultimately support the DPRK’s [weapons of mass destruction] program.“ Source: <a href="https://cointelegraph.com/news/us-treasury-redesignates-tornado-cash-sanctions-citing-north-korea-nuclear-weapons-program" rel="noopener noreferrer nofollow">Cointelegraph</a><h2 id="header-3">#4. Crypto villains appear on UpOnly podcast</h2>A spontaneous recording of the UpOnly crypto podcast on Tuesday saw appearances from a controversial cast featuring convicted fraudster Martin Shkreli and Terra co-founder Do Kwon.The podcast episode discussed Binance&#39;s agreement to acquire FTX.‘Pharma Bro’ Shkreli, who was released from prison in May after serving a four-year sentence for securities fraud, also had a message for Do Kwon: there are worse things than jail time.Source: <a href="https://www.coindesk.com/business/2022/11/08/pharma-bro-martin-shkreli-to-lunas-do-kwon-jail-is-not-that-bad/" rel="noopener noreferrer nofollow">CoinDesk</a><h2 id="header-4">#5. Japan’s NTT Docomo to invest $4B into Web3</h2>NTT Docomo, Japan&#39;s largest mobile-phone network, pledged to invest up to 600 billion yen ($4 billion) into Web3 infrastructure. Japan&#39;s government owns stocks of NTT Docomo’s parent company, NTT.The company will collaborate with Astar Foundation, the developer of the public blockchain Astar Network, and Accenture to speed up Web3 adoption.They will set up a consortium that allows individuals and corporations to utilize tokens for governance.Source: <a href="https://www.coindesk.com/business/2022/11/08/japan-mobile-phone-operator-ntt-docomo-to-invest-4b-into-web3/" rel="noopener noreferrer nofollow">CoinDesk</a>--The ApolloX app is available on Apple Store or Google Play <a href="https://apollox.onelink.me/rf4R/newscryptowndl" rel="noopener noreferrer nofollow">here</a>.Stay up to date with ApolloX!<a href="https://t.me/apollox_com" rel="noopener noreferrer nofollow">Telegram</a> |<a href="https://twitter.com/ApolloX_com" rel="noopener noreferrer nofollow"> Twitter</a> |<a href="https://www.facebook.com/ApolloXcom" rel="noopener noreferrer nofollow"> Facebook</a> |<a href="https://www.instagram.com/apollox_com/" rel="noopener noreferrer nofollow"> Instagram</a> | <a href="https://apollox.link/blog-discord" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://apollox.link/blog-APXNewsStation" rel="noopener noreferrer nofollow">ApolloX News Station</a> | <a href="https://coinmarketcap.com/community/profile/ApolloX" rel="noopener noreferrer nofollow">CMC</a>

Crypto News of the Day: Eyes on FTX investments after possible acquisition by Binance, ‘Pharma Bro’ and Do Kwon appear on crypto podcast

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