Latest from Sam Reynolds
First Mover Asia: Altcoin Short Squeeze Brings Green Shoots to Dormant Crypto
A squeeze on bearish altcoin traders has brought fresh energy into crypto markets, absent for months as the FTX exchange imploded in scandal. PLUS: Alex Thorn talks on crypto VC in 2023.
Crypto Exchange Huobi Sees $60M Token Outflows in a Day: Nansen
On-chain data shows more than $100 million in tokens left the exchange this week, most of them in the past 24 hours, while stablecoin reserves have dropped 9.5% in a week
Huobi's HT Token Turbulent as Exchange Confirms 20% Headcount Reduction
Exchange volume has dropped by 23% as market concern grows around the health of Huobi.
First Mover Asia: Bitcoin Rises, Cryptos Savor FOMC Data
ALSO: Japanese gaming company Square Enix’s commitment to invest in Web3 initiatives is rare in a country in which regulations about anything that seems like gambling are daunting.
NFT Research Tool NFT Inspect Is Shutting Down
The move comes as sales and trading volumes of non-fungible tokens plummet.
First Mover Asia: Why Is Tron Founder Justin Sun Keeping Some of His Coins in Valkyrie Digital Assets?
ALSO: Bitcoin spent a low-key 14th birthday, trading almost precisely in the same narrow range it's held since mid-December; other cryptos traded sideways, although SOL rose 22% to continue its nearly week-long surge.
Genesis-DCG Loan Leads to Class-Action Arbitration Case From Gemini Clients
Claimants allege in a filing that Genesis breached its Master Agreement when it became insolvent in the summer of 2022, while hiding its insolvency from lenders like Gemini.
First Mover Asia: Bitcoin Celebrates the New Year With Old Pricing, Holds Steady at $16.7K
ALSO: CoinDesk's Sam Reynolds explains why crypto exchange token prices continue to respond to news events and not what the SEC and other regulators might do.
Reguladores de Bahamas retienen US$3500M en activos de clientes de FTX
Las preocupaciones sobre la seguridad de los activos bajo custodia del exchange impulsaron a los reguladores de las Bahamas a intervenir, informó un comunicado.
Regulators in the Bahamas Are Holding $3.5 Billion in FTX Customer Assets
Concerns over the security of assets in FTX custody prompted the authorities to take control of them.