FTX ‘Fall’ Helped Enrich the Ethereum Validators
During the crypto chaos at the beginning of this month, they saw a rise in MEV or profits from optimizing the order of transactions. The collapse of FTX this month made running the Ethereum network much more profitable. The crypto industry ran into the almost unbreakable rule that when markets are chaotic, the best place […]
Genesis Bankruptcy Agitation Send Bitcoin to Fresh Low
According to a report by Bloomberg, the beleaguered cryptocurrency investment bank is holding discussions with possible investors for at least one billion dollars in additional cash. According to Bloomberg, which cites people familiar with the situation as sources of information, Genesis Global Trading has reportedly mentioned bankruptcy as a potential option as it seeks fresh […]
FTX Collapse Affects Coinbase and MicroStrategy Bonds
One investor said that high bond yields are a sign of both sharply higher interest rates and institutional investors’ real doubts about how crypto will work in the long run. Bonds issued by Coinbase (COIN), a cryptocurrency exchange, and MicroStrategy (MSTR), a business intelligence company that invests in bitcoin and is also a bitcoin investor, […]
Crypto Project Helium Endorsed By Bill Ackman
The CEO of Pershing Square Capital Management says that the controversial cryptocurrency project Helium can “build intrinsic value over time.” One of TradFi’s better-known investors said on Monday that he has changed his mind and now supports crypto, though his choice of the project may be questionable. Bill Ackman said in a series of tweets […]
AAX Shuts Out Derivatives, Hopes For Normal Return
After suffering a cyberattack, the cryptocurrency exchange in Hong Kong is working toward the goal of raising sufficient funds to enable it to resume operations. The Hong Kong cryptocurrency exchange AAX announced in a statement that it would terminate off derivatives positions as part of its efforts to return to normal after a breach. The […]