Venture firm and software company Animoca Brands released key figures of its balance sheet, revealing some exposure to Sam Bankman-Fried’s collapsed exchange. The new information about An...
Tag: Deals
Mapping Out Alameda Research & FTX Ventures’ Portfolio
November 11, 2022, 11:13AM EST • 35 min read Quick Take FTX and Alameda Research, which was absorbed by the former in 2022, were both founded by Sam Bankman-Fried DeFi was the main category that the f...
FTX files for Chapter 11 bankruptcy
UPDATE (9:45 a.m. ET): According to a bankruptcy filing by Alameda Research, the firm says it has more than 100,000 creditors. Alameda also said that it has between $10 billion and $50 billion i...
Bitcoin price gains $1K in minutes as CPI data deals DXY fresh 2% dip
Bitcoin (BTC) surged $1,000 in five minutes before the Nov. 10 Wall Street open as United States inflation and jobs data boosted risk assets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingVie...
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. ...
BlockFi suspends withdrawals after FTX collapse
Crypto lender BlockFi suspended withdrawals and will not be able to operate business as usual given the lack of clarity over the status of FTX, the company said on Twitter. “We are shocked and d...
Voyager has no assets on FTX, says deal not done
Bankrupt crypto lender Voyager has not transferred any crypto or assets to FTX, Voyager’s Official Committee of Unsecured Creditors tweeted. Voyager’s planned deal to sell its assets...
Tron, FTX broker deal for customers to withdraw certain tokens
A deal brokered between Tron and FTX will soon facilitate withdrawals on the struggling exchange. On FTX, 1:1 withdrawals for digital assets including TRX, BTT, JST, SUN, and HT tokens will be e...
Wall Street sees tightening of regulatory screws after FTX crypto catastrophe
Wall Street may not have seen the FTX debacle coming, but veterans of traditional finance recognize that once the dust settles there will be a new crypto paradigm. “Wall Street is clearly spook...
Cathie Wood buys Coinbase dip, crypto stocks rise
Crypto-related stocks rose, far outpacing the broader crypto market and slightly outpacing the S&P 500, following positive inflation data in the U.S and news that Ark Invest bought the Coinbase di...
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...
Justin Sun says he is working on “solution” with FTX
Justin Sun, the billionaire founder of the Tron blockchain, said late on Nov. 9 that he is working on a solution with FTX, the crypto exchange engulfed in a liquidity crisis. In a tweet, Sun sai...
Sequoia says its investment in FTX is now worthless
Sequoia Capital, a leading venture capital firm, said in a letter to its limited partners that it has marked down the value of all its investments in FTX to zero. The letter, sent today by th...
Justice Department joins SEC in FTX probe: WSJ
For collapsed cryptocurrency exchange FTX, legal troubles are mounting. The Department of Justice (DoJ) and the Securities and Exchange Commission (SEC) are working together to investigate FTX’s...
FTX tells investors bankruptcy is likely without fresh cash: Bloomberg
FTX founder and CEO Sam Bankman-Fried told investors that the crypto exchange would need to file for bankruptcy without a cash injection, Bloomberg News reported, citing a person with direct knowledge...
Dan Tapiero says he’s not ‘all that worried’ about FTX crash
Crypto investment firm 10T Holdings is actually “doing ok” this year despite market volatility surrounding the collapse of FTX, hedge fund veteran Dan Tapiero said at the Token2049 confere...
Genesis reports losses of around $7 million after hedging against market volatility
Crypto trading and lending firm Genesis Trading reported losses of around $7 million “across all counterparties” that include Alameda Research after it hedged and sold collateral on Tuesda...
Bettors doubting big time that Binance, FTX deal will close, prediction platform shows
A blockchain-based predictions market is showing increasing skepticism that Binance will complete its non-binding deal to acquire the non-U.S. assets of rival exchange FTX as due diligence gets underw...
Binance CEO says he didn’t ‘master plan’ FTX’s collapse
One day after news broke that Binance might acquire the non-U.S. assets of FTX amid a liquidity crunch, CEO Changpeng Zhao told staff that the near collapse wasn’t planned and would likely trigg...
Multicoin Capital hit by FTX collapse, with 10% of its fund’s AUM stuck on the exchange
Multicoin Capital, one of the top crypto-focused venture capital firms, is significantly impacted by crypto exchange FTX’s collapse, a letter obtained by The Block shows. The letter, sent ...
Genesis, Crypto.com latest companies to distance themselves from FTX crisis
Crypto trading and lending firm Genesis Trading and wallet provider Crypto.com are among the latest companies to distance themselves from the FTX liquidity crisis. The two firms took to Twitter ...
Bankman-Fried apologizes to FTX investors for lack of communication over Binance deal
FTX CEO Sam Bankman-Fried appeared to apologize to investors over a lack of communication about its financial deal with Binance in a letter to investors cited by numerous sources on Twitter. Det...
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...
Decentralized search startup Sepana raises $10 million
Decentralized search startup Sepana has announced today it has closed a $10 million funding round led by venture firms Hack VC and Pitango First. Protocol Labs, Lattice Capital and Balaji Sriniv...
VC deals during bull market lacked proper due diligence
VC deals were rushed and went ahead without proper due diligence during the last crypto bull market, said Amy Wu, head of ventures and commercial at FTX Ventures. This marks one of the key diffe...
Web3 dev, EVM sharding and crypto banking headline blockchain funding deals
Web3 dominance within crypto funding rounds has been well documented by Cointelegraph Research. In addition to the Web3 mega funds announced recently, venture capital has also been making smaller, mor...
PE Deals Misfire; Losses Pile As Tesla CEO Musk Takes Twitter Private| Investor’s Business Daily
Elon Musk’s $44 billion deal to buy Twitter (TWTR) will cause pain in an already crumbling private equity market. X Musk has sold $15.4 billion worth of Tesla (TSLA) shares to finance the Twitte...
Ripple signs expansion deals with Sweden and France
Join Our Telegram channel to stay up to date on breaking news coverage Ripple, one of the leading crypto companies based in the US, has been on a mission to expand its services and connect to banks, f...
Bitcoin slumps after CPI release; Fed Vice Chair warns banks on crypto company deals
The biggest news in the cryptoverse for Oct. 13 includes Bitcoin falling by 3% as CPI data of 8.2% worsen fear of rate hikes, Binance allegedly filing inadequate financial reports in the UK, STEPN den...
Nike Signs Bronny James, D.J. Wagner, Caitlin Clark, Haley Jones, JuJu Watkins To NIL Deals
PHOENIX, ARIZONA – DECEMBER 11: Bronny James #0 of the Sierra Canyon Trailblazers is greeted by his … [+] father and NBA player LeBron James after defeating the the Perry Pumas in the Hoop...
Bitcoin price gives up key trend line as US jobs data deals 5% losses
A snap unemployment report sparks an instant risk asset sell-off, with BTC price action staying below $20,000 since. Bitcoin (BTC) stayed near the lower end of its trading range into Oct. 8 after bull...
Binance CEO Estimates that the Firm May Spend Over $1B on Deals by the End of 2022
Changpeng Zhao, the CEO of global leading digital-asset platform Binance has announced that the firm may spend more than $1 billion on investment by the end of 2022. Zhao, also known as ‘CZ’ made thi...