Will FTX's deal with BlockFi be announced by July 31?

On June 21, 2022, BlockFi International Ltd, a global crypto financial services company, announced that the company signed a preliminary term sheet with FTX to secure a $250 million revolving line of credit providing BlockFi with access to further capital. Zac Prince, the CEO of BlockFi, confirmed the news in a Twitter thread, claiming the new flow of capital would bolster the firm’s balance sheet and strengthen the platform. However, the term sheet is contingent upon the execution of definitive documents, which is expected to be completed in the coming days. This market is on whether the credit deal between FTX and BlockFi will be announced by July 31, 2022. This market will resolve to "Yes" if, within this market's timeframe, FTX (FTX Trading Ltd or FTX Digital Markets Ltd) or any of its subsidiaries or BlockFi Lending LLC or any of its subsidiaries announce that the two parties have reached an agreement in which FTX provides to BlockFi a line of credit greater than or equal to $100 million, in accordance with the aforementioned preliminary term sheet. Otherwise, this market will resolve to “No”. For this market to resolve to "Yes", either party need only announce within this market's timeframe that FTX has agreed to provide a line of credit greater than or equal to $100 million to BlockFi, regardless of whether the transaction has been initiated or completed at the time it is announced. Acquisition, exchange for equity, or another type of the deal which is not a revolving line of credit as described on June 21 by BlockFi, will not qualify for this market to resolve to “Yes”. This market's timeframe spans from June 29, 2022, 11 PM ET to July 31, 2022, 11:59:59 PM ET (inclusive). An announcement by BlockFi or FTX must be made through any of their official or verified channels (e.g. https://blockfi.com/learn/blockfi-news, https://twitter.com/BlockFi, https://twitter.com/FTX_Official, &c.), as a recorded or written statement by either company’s CEO, legal representation, or other individual or team which officially represents either company. A consensus of credible reporting may also be used to determine whether either company has issued such an announcement. If any subsidiary or parent of FTX Trading Ltd, FTX Digital Markets Ltd, or BlockFi Lending LLC announces that FTX will extend a credit facility to BlockFi by the resolution date, it will suffice to resolve this market to "Yes".