Bankrupt Crypto Lender Celsius Files Motion to Extend Submission Time for Reorganization Plan
The bankrupt lender filed the motion so that it has more time to submit its reorganization plan.
Crypto
OpenSea to enforce creator royalties on all collections after community outcry
The NFT marketplace has clarified its stance on creator royalties after receiving significant public backlash from an earlier post.
Crypto Execs Ask for Clearer US Regulatory Policy After FTX Collapse
The CEOs of Coinbase, Ripple and Circle called for clearer policy framework in a tweet thread started by Senator Elizabeth Warren.
Grayscale’s Bitcoin Trust Shares Hit Record Discount of 36.7%
Bitcoin is down nearly 10% to $16,622 as FTX’s liquidity crisis continues to rattle the markets.
Sequoia Capital marks down entire $214M FTX stake to zero
The venture capital firm assured partners it ran a rigorous due diligence assessment when it invested in FTX, finding the exchange to generate $1 billion in revenue and $250 million in operating income.
Panic Grips SOL With Record Volatility and Massive Put Demand
An incoming supply deluge seems to have spooked investors in both the spot and derivatives markets.
‘Twitter will do lots of dumb things’ in the coming months: Elon Musk
Twitter’s new owner says they’ll be throwing a heap of new ideas at the platform over the coming months.
Crypto.com commits to proof-of-reserves after halting certain deposits and withdrawals
“We share the belief that it should be necessary for crypto platforms to publicly share proof of reserves,” the Crypto.com CEO said.
FTX and Binance’s ongoing saga: Everything that’s happened until now
The story between cryptocurrency exchanges Binance and FTX has quickly unfolded and caused havoc in the crypto market, here’s a breakdown of where it began and where it is now.
Without Details, Tron’s Justin Sun Says He’s ‘Putting Together Solution’ for FTX
Justin Sun tweeted he was putting together some sort of solution for FTX, though he provided no details.
First Mover Asia: Crypto Exchange BitMEX Publishes Proof of Reserves Ahead of Friday’s BMEX Listing; Bitcoin Rebounds After Dropping Below $16K
On Wednesday, Binance, Gate.io, KuCoin and Huobi were among the exchanges that said they would publish Merkle tree reserve certificates. Their announcements came amid the mounting crisis involving FTX.
SBF tells investors FTX needs $8B in emergency funding: WSJ
According to reports, FTX CEO Sam Bankman-Fried asked investors for emergency funding to cover an $8 billion shortfall during a Nov. 9 investors call.
FTX website comes back online with message advising against deposits
Neither FTX CEO Sam Bankman-Fried nor any FTX official has provided its users with clarity as to why FTX’s website was taken down.
FTX Exposure Limited, Says Venture Capital Giant Sequoia
In a note to Limited Partners, Sequoia says it invested just over $200 million in FTX via two funds.
Helium Network Founder Pledges to Stick with Solana After Bloody Day for SOL
The wireless hotspot network voted to move to Solana in September.
Solana TVL drops 32.4% as FTX turmoil rocks ecosystem
Cryptocurrencies understood to have exposure to Sam Bankman-Fried, FTX, and Alameda Research appear to have been impacted the most.
Tron Network USDD Stablecoin Wobbles from Dollar Peg Amid Latest Crypto Crisis
The Tron network’s algorithmic stablecoin, the $700 million USDD, fell to 97 cents from its supposed $1 anchor.
Crypto Stocks Continue Drop as Binance Walks Away from FTX Deal
Concerns around FTX’s health along with the broader crypto ecosystem spilled into the stock market Wednesday.
FTX Faces US Justice Department Probe: Report
The U.S. Department of Justice is looking into crypto exchange FTX after its apparent collapse, the Wall Street Journal reported Wednesday.
DeFi Exchange Platform dYdX Places Solana in “Close Only” Mode
The move comes after Solana has plummeted 40% in 24-hours due to its link with the beleaguered Sam Bankman-Fried empire.
OpenSea Makes Waves: Says Creator Royalties Will Be Enforced
“The world is otherwise burning, but we decided this couldn’t wait,” a representative from OpenSea told CoinDesk.
8 Days in November: What Led to FTX’s Sudden Collapse
Financier and influencer Sam Bankman-Fried flew exceptionally high during the pandemic-driven crypto bull market. Here’s what led to his fall, and why it matters for the industry’s future.
A Failed FTX-Binance Deal Is ‘Catastrophic’ for Crypto Sector
Binance scrapping its acquisition of rival FTX could mean institutional investors deciding to pull some of their money out of the crypto industry.
Bitcoin price hits multi-year low at $15.6K, analysts expect further downside
BTC and altcoins collapse following news that Binance declined to purchase FTX. Analysts share their perspectives on what’s next for the market.
OKX, Kucoin say proof of reserves will be ready in a month
Similar protocols are used by Kraken, Bitmex, Gate.io, and many other exchanges, but were not used by FTX.
Market Wrap: Bitcoin, Other Cryptos Continue to Plummet
The largest cryptocurrency by market capitalization was hurtling toward $16K amid the growing fallout from crypto exchange FTX’s collapse. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets.
SBF Warns FTX Investors of Bankruptcy Without More Cash: Bloomberg
FTX is headed toward bankruptcy without a cash infusion.
FTX Website Experiences Temporary Outage, Warns Users Not to Make Deposits
While the FTX US website remains operational, FTX.com is experiencing widespread outages.
MiCA proponent cites FTX in advocating for regulation: ‘Crypto assets are not play money’
“With a global MiCA, the FTX crash would not have happened,” said European Parliament economics committee member Stefan Berger.
FTX Blowup Puts Trove of Prized Bored Apes at Risk of Liquidation
Yuga Labs, the NFT collective behind the majority of tokens held in the crypto empire’s wallet, has previously raised capital from FTX Ventures, though Alameda Research is in control of the wallet.