Stablecoin issuer Circle, days after proclaiming it had a very small exposure to FTX, disclosed in a Securities Exchange Commission filing that it holds about $10.6 million in equity investments relat...
Tag: Crypto infrastructure
Flashbots Company Intelligence
November 16, 2022, 11:26AM EST • 17 min read Quick Take Flashbots was established in 2020 to democratize access to MEV revenue, bring transparency to MEV activity and redistribute MEV revenue Flashbot...
FTX was custodian for majority of tokens on DeFi lending platform Oxygen
DeFi prime brokerage Oxygen said FTX acted as the custodian for the majority of the tokens on its ecosystems, adding that it has sought legal help. “Whilst FTX Group did not hold any equit...
Australia suspends FTX’s financial services license
The Australian Securities and Investments Commission has suspended FTX Australia’s financial services license in the country until May 15, 2023. “Until [December 19] 2022, FTX Austra...
The Block: Bitcoin mining stock report: Tuesday, November 15
Most bitcoin mining stocks tracked by The Block trended upward on Tuesday, some by double digits. Bitcoin was trading at around $16,800 by market close, according to data from TradingView. ...
Paradigm founder feels ‘deep regret’ over FTX investment, marks it down to zero
Paradigm co-founder Matt Huang said that the VC firm wrote down its investment in the bankrupt FTX exchange to zero, confirming what The Block had previously reported. The executive also said th...
Silvergate stock sinks 12% on FTX links
Crypto bank Silvergate shares tanked 12% as the ripple effects of FTX’s collapse continue. Last week, the La Jolla-based crypto bank said its exposure to FTX was limited to deposits, but ...
Ark Invest picks up $2.8 million worth of Grayscale Bitcoin Trust shares
Cathie Wood’s Ark Invest bought shares in Grayscale’s Bitcoin Trust (GBTC) on Monday, days after the trust’s discount reached a new low. Ark purchased 315,259 shares of GBTC o...
The Block: Bitcoin mining stock report: Monday, November 14
Bitcoin stocks broadly traded down on Monday, Nov. 14. Bit Digital clocked the biggest gains on Monday, adding 3.64%. Elsewhere, TerraWulf and Mawson Infrastructure Group also added modest gain...
FTX collapse to trigger structural change in crypto markets, away from centralization
The collapse of FTX last week will trigger significant market structure changes, namely moving away from a model of all-in-one platform centralization, crypto trading firm Cumberland said. The v...
Paradigm marks down FTX investment to zero: Sources
Crypto investment firm Paradigm has told its limited partners that it marked down its investment in now bankrupt exchange group FTX to zero following its liquidity meltdown, according to two persons f...
Six days that rocked the crypto industry
The past week may well be the most tumultuous the crypto world has seen yet. In less than seven days, FTX went from industry darling to bankruptcy protection, with its crashing native token FTT spurri...
FTX’s head of institutional sales resigns, says team was ‘completely in the dark’ about insolvency
Zane Tackett, head of institutional sales at FTX, sent a letter to clients stating that his team was “completely in the dark” about the firm’s potential insolvency over the course of this week. ...
The Block: Bitcoin mining stock report: Thursday, November 10
Most bitcoin mining stocks tracked by The Block traded up on Thursday. Bitcoin was trading at about $17,687 around market close, according to data from TradingView. BTCUSD chart by ...
Grayscale Bitcoin Trust trading at discount of more than 40% amid market tumult
The Grayscale Bitcoin Trust (GBTC), which has been trading at a discount since the beginning of 2021, hit a record low on Wednesday. GBTC is currently trading at a discount of -40.7%, its lowes...
How an FTX buyout benefits Binance
What does Binance’s possible acquisition of FTX.com mean for the greater industry? For institutional clients, possibly avoiding a lengthy onboarding process. And for Binance, it could mean acces...
The Block: Bitcoin mining stock report: Tuesday November 8
Most bitcoin mining stocks tracked by The Block declined on Tuesday after news that crypto exchange Binance will acquire FTX rocked the markets. According to data from TradingView, Bitcoin was t...
Japanese mobile operator NTT Docomo plans up to $4 billion web3 investments
Japanese mobile operator NTT Docomo plans to invest up to ¥600 billion ($4.1 billion) over several years to focus on web3 technology, the company said in its second-quarter earnings report. NTT ...