Bear Market
FTX autopsy triggers Hoskinson-Schwartz feud over allegations of SEC corruption
Tweets about the FTX scandal descend into a heated debate on the merits of litigation against Ripple for alleged securities fraud.
Samuel Wan 3 min read
Bear Market News
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Bear Market
Bitcoin miner Canaan seeks to expand operations despite decline in Q3 revenue
Despite a 71.7% decline in net income, Canaan's mining revenue rose 1,002.7% to $8.7 million.
Bear Market
Gravity of ‘not your keys, not your coins’ hits home as Trust Wallet spikes 113% to new ATH
Trust Wallet Token spikes to ATH as the importance of self custody realized following the collapse of the FTX group of companies.
Latest Bear Market News & Analysis
Exchanges
New Huo Technology unit gets $14M loan from ex-Huobi CEO Leon Li to cover client funds stuck on FTX
Hbit Limited, a subsidiary of New Huo Technology, has around $18.1 million locked on FTX — $13.2 million of which belongs to customers.
Bear Market
Crypto.com becomes latest bank run victim, but CEO says it is business as usual
Kris Marszalek dismisses talk Crypto.com is insolvent, saying we operate a different, more prudent business model to FTX.
Bear Market
Binance to launch ‘recovery fund’ for strong projects with liquidity crisis
Tron founder Justin Sun and famed Celsius investor Simon Dixon said they intend to support the initiative.
Exchanges
Huobi addresses concerns raised surrounding fake reserves ‘snapshot’
Huobi released an asset snapshot of their reserves just prior to moving over 10,000 ETH out of 'snapshot' wallet.
Adoption
St. Kitts and Nevis to adopt Bitcoin Cash as legal tender in 2023
St. Kitts and Nevis Prime Minister Terrance Drew announced plans to adopt Bitcoin Cash as legal tender and mine it as a country.
Bear Market
New FTX CEO Ray announces steps taken to staunch bleeding cashflow
Chief Restructuring Officer and new CEO of FTX, John Ray begins securing digital assets and halting of FTX trading and withdrawal functions.
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Bear Market
Pantera Capital reflects on FTX situation and importance of DeFi in latest Blockchain Letter update
Bear Market
Galois Capital admits over 50% of its capital was locked up in FTX
Bear Market
Investors digest lower-than-expected CPI as risk-on assets rallied while DXY sunk into the weekend
Hacks
