Read crypto exchange news, listing updates, security incidents, trading volume shifts, and platform strategy across global markets.
The decline led to over $200,000,000 of market cap gone from HT within an hour, only to recover by over 1000% minutes after.
Dorian Batycka 3 min read 
The service closure should not affect the company's retail users.
FTX intends to sell its stake in venture capital firm Sequoia Capital for $45 million to Al Nawwar Investments RSC Limited.
The significant USD liquidity decline shows Silvergate's role in connecting the traditional financial system and the crypto industry.
The company did not say whether it plans to submit a bankruptcy filing.
Coindesk previously reported that JPMorgan had ended its relationship with the Winklevoss twins-led crypto exchange.
The crypto community voiced skepticim over Kyle Davis and Su Zhu's plans to tokenize bankruptcy claims.
Binance held $3.55 billion worth of USDC — a reserve ration of 5,490.54% to the $64.7 million worth of assets users hold on the exchange.
CoinFLEX's FLEX token has outperformed other notable digital assets like Bitcoin and Ethereum in the last 24 hours, rising by more than 20%.
