Fund Management Giant State Street Increases Stake in Silvergate to 9.3%
Silvergate is up nearly 40% on Thursday alongside a sizable rally in crypto-related stocks. State Street disclosed a 9.3% stake in troubled crypto lender Silvergate…
Category: News
Bitcoin Market Sentiment Is Most Bullish in 14 Months With US Jobs Report Due
The cost of holding a bullish long position in perpetual futures tied to bitcoin has jumped to the highest since the dizzy bull market days…
Investors Pump Money Into Crypto Funds Amid Pickup in Market Sentiment
Bitcoin dominated this week’s inflows, accounting for almost all of the $117 million coming in. Digital asset investment products saw a total of $117 million…
Bitcoin’s Upswing Is Reminiscent of 2019 Bull Revival
The action four years ago coincided with the Fed taking its foot off the tightening pedal. Bitcoin has rallied almost 40% in January and the…
After FTX: How Congress Is Gearing Up to Regulate Crypto
Sam Bankman-Fried was crypto’s number one influencer in Washington. Now the collapse of FTX is fueling a crackdown, says CoinDesk’s Jesse Hamilton. If familiarity breeds…
New FTX Head Says Crypto Exchange Could Be Revived: Wall Street Journal
John J. Ray III made the comment in his first interview since taking over FTX in November. The new head of FTX is exploring the…
A Large Crypto Market Maker Is Already Distancing Itself From New 3AC Venture
The co-founders of bankrupt crypto hedge fund 3AC said they are raising $25 million in seed round to “dominate” the crypto claims market and eventually…
Crypto Lender Genesis Owes Creditors Over $3B: FT
Digital Currency Group, Genesis’ parent company, is reportedly looking to sell some of its venture-capital portfolio, worth around $500 million. Troubled crypto lender Genesis owes…
FTX Has Recovered ‘Over $5B’ in Assets, Bankruptcy Attorney Says
The announcement substantially raises the total FTX has recovered since filing for bankruptcy last year but it’s still short of what customers are owed in…
First Mover Asia: Bitcoin Celebrates the New Year With Old Pricing, Holds Steady at $16.7K
ALSO: CoinDesk’s Sam Reynolds explains why crypto exchange token prices continue to respond to news events and not what the SEC and other regulators might…