Gemini reveals $601M GUSD backing, 45+ licenses amid global exchange turmoil
Winklevoss owned Gemini shows assets, FIAT holdings, and reserves in new 'Trust Center'
CryptoSlate Wrapped Daily: Ethereum losses deflationary gains; Andre Cronje reveals how DeFi saved Fantom
Andre Cronje said that Fantom invested about $4 million into DeFi yields and grew its treasury to over $51 million in 2021, crypto exchanges dismiss growing insolvency rumors post-FTX fallout, and much more in this edition of CryptoSlate Wrapped Daily.
Upbit’s parent company Dunamu sees profit drop 76% in Q3
Dunamu recorded sales of about $204 million, an operating profit of $125.5 million, and a net profit of $120 million in Q3.
Research: Whales have been offloading Bitcoin since 2021
Bitcoin supply per whale has been following the price movements since 2014.
Coinbase wallet drops support for XRP, Bitcoin Cash, Ethereum Classic and XLM
Coinbase Wallet is stopping support for Ripple's XRP, Bitcoin Cash (BCH), Ethereum Classic (ETC), and Stellar (XLM).
ETH deflationary gains erased post-FTX collapse
As of Nov 29, over 80% of deflationary gains have been wiped out, pushing ETH back towards inflation.
NEXO releases proof of reserves showing no exposure to FTX
Nexo released a page of its proof of reserve indicating it had $3.4 billion in customer deposits. Through a Twitter thread, the exchange explained its reserves, treasury management practices and its refusal to extend uncollateralized loans to popular digital assets managers.
FTX hits Asian markets hard as Korea, Hong Kong, Taiwan investors devastated – SlateAsia #1
SlateAsia - biweekly podcast focusing on news, analysis and industry insight into the Asian crypto markets
Bitcoin Volatility Index exceeds 100% for the third time in 2022
Bitcoin volatility was lingering at all-time lows before the FTX collapse.
What Next for BlockFi’s lending books following bankruptcy filing
Amidst filing for bankruptcy, BlockFi is yet to know whether its trustees will manage to recover over $10 billion in outstanding liabilities.
Exchanges dismiss rumors of insolvency amid rampant speculation
Insolvency rumors concerning centralized exchanges like Binance, KuCoin, and Nexo persist following BlockFi's Chapter 11 bankruptcy filing on Nov. 28.
CryptoSlate Daily wMarket Update – Nov. 28: Dogecoin files 9% gain in tepid market rebound
The wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays.