Sources: Morgan Stanley and six banks plan to hold $12.7B in debt from Elon Musk’s Twitter buyout until early 2023, pending a clearer business plan from Musk (Financial Times)

David Pan / Bloomberg:
As crypto miners default on loans, lenders could receive mining equipment as collateral, a popular financing tool, increasing losses as the rigs’ value plunges  —  Beleaguered crypto lenders are being dealt another blow from Bitcoin miners as they weather the aftermath of the FTX collapse.

Wall Street Journal:
Sources: US banks backing Elon Musk’s Twitter deal plan to hold all $13B of debt on their balance sheets rather than selling it, amid a difficult debt market  —  Truncated timeline to sell $13 billion in debt—and strained market conditions—could make Twitter the biggest ‘hung’ buyout deal of all time

Wall Street Journal:
Sources: Alameda CEO Caroline Ellison told staff on November 9 that she, SBF, and two FTX executives were aware that FTX lent its customers’ money to Alameda  —  Trading firm Alameda’s troubles helped lead to the bankruptcy of crypto exchange FTX  —  Alameda Research’s chief executive …

Bloomberg:
Sources: Twitter and Elon Musk are preparing for his buyout to be completed by the October 28 court-issued deadline, thanks to a breakthrough between both sides  —  Advisers to Twitter Inc. and Elon Musk are hard at work trying to get the $44 billion deal closed by the end of the month, according to people familiar with the matter.

Adam Cochran / @adamscochran:
[Thread] A detailed timeline of FTX’s meltdown, starting in September: SBF’s jab at CZ, CoinDesk’s article, CZ sells FTT, “FTX is fine”, Alameda woes, and more  —  1/82 I’ll be pinning this detailed timeline, as my final piece covering this topic, as now the case is closed in my mind. This was a crime plain and simple and I’ll put no more wind in this criminals sails: FTX: Meltdown. The definitive and chronological thread.

Kif Leswing / CNBC:
Sensor Tower: Apple’s App Store net revenue fell by around 5% in September, the steepest drop since 2015, as gaming revenue declined by 14%  —  – Apple’s App Store revenue declined about 5% in September, according to Morgan Stanley, the steepest drop since the bank started modeling the data in 2015.