Bear Market
Silvergate received a $4.3B bailout after FTX collapse
In the wake of the FTX collapse, withdrawals from Silvergate spiked, and its deposits fell by $3.8 billion at the end of 2022.
Soumen Datta 2 min read North America News
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Soumen Datta 2 min read 
Featured
FTX attorney announces $5B in assets recovered
FTX attorney Andy Dietderich announced that $5 billion in cash, investment securities and liquid cryptocurrencies have been recovered.
Mining
Argo’s mining revenue dipped 28% in December due to winter storm
Argo Blockchain mined 25% less BTC last month. Its debts amounted to $79 million as of Dec. 31 while it had $20 million in cash.
More North America Crypto News & Analysis
Bankruptcy
BlockFi creditors appeal court to redact their information
U.S. authorities argued that granting BlockFi's request to redact their information could set an unfavorable precedent for other crypto industry Chapter 11 cases.
Bear Market
Crypto market fund outflows drop to $9.7M as negative sentiment falls
Coinshares believes there is only "minor negative sentiment" within the crypto markets as Bitcoin threatens to touch $18,000 for the first time since mid-December.
Deals
Binance-Voyager deal gets initial court approval despite SEC objections
The SEC, CFIUS and New Jersey regulators will be allowed to raise objections to the final approval of the deal in the future.
Analysis
Sanctions caused cybercriminals to lose $15M in potential revenue in 2 months
Hydra shut down and monthly inflows to Tornado Cash dropped by 68% following sanctions. But Garantex saw monthly inflows more than double.
Bankruptcy
FTX shareholder filing reveals New England Patriots owner, Coinbase, others invested in firm
Funding rounds were dominated by Sequioa, Paradigm, and Temasek.
Legal
Former Coinbase manager’s brother jailed for insider trading
Nikhil Wahi pleaded guilty in September and got sentenced to 10 months in prison on Jan. 10.
