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Crypto Fund Sino Global Had Deep Ties to FTX Beyond Equity Investment
A prominent Asia-based crypto investment firm, Sino invested many of the tokens hardest hit by the unraveling of Sam Bankman-Fried's FTX crypto empire, documents show. FTX was also a key partner on a big fund Sino raised with outside investors' capital.
Sports Fan Tokens Rally Ahead of FIFA World Cup, Defying Crypto Market Gloom
Socios.com’s CHZ jumped 11% in a day, while fan tokens of national soccer teams of Portugal and Argentina are up 50% and 28%, respectively, amid mounting anticipation for the soccer World Cup.
Bitcoin Holds Fast Over 16K, but Crypto Winter Could Be Prolonged
Bitcoin traded sideways throughout the week but analysts warn that FTX fallout could affect prices for an extended period of time.
FTX Collapse Leaves Total Crypto Market Cap Under $800B, Close to 2022 Low
The debacle involving Sam Bankman-Fried's crypto empire has triggered a slide in cryptocurrency prices that wiped out some $183 billion of value from digital assets this month.
Bitcoin Holds Steady Over $16K Amid Widening FTX Fallout
Bitcoin has been trading flat this week, even as more companies admit exposure to crypto exchange FTX, which has filed for Chapter 11 bankruptcy protection.
Ether Staking Yields Jump Up to 25%; All-Time High Since Merge
Just staking ether on Lido is paying out 10% annualized, while a more elaborate move bumps yield to as much as 25%.
Market Maker B2C2 Offers to Buy Loans From Genesis Crypto-Lending Unit
The lending arm of the crypto financial firm Genesis halted customer withdrawals earlier Wednesday, citing the impact of the collapse of FTX.
After Bankruptcy, FTX User Claims Pay Cents on the Dollar
The crypto exchange FTX filed for bankruptcy Friday, leaving users’ funds stuck on the platform, and one marketplace for distressed claims posted bids for a fraction of the original value of claims.
Serum’s SRM Tokens Double in Price After Emergency Fork in Wake of FTX Hack
The Serum token price rose as high as 32 cents, from a low of 12 cents just two days ago, as community members of the decentralized exchange scrambled to implement an emergency fork in the wake of security concerns triggered by the hack of Sam Bankman-Fried's FTX exchange.
Sam Bankman-Fried’s Unceremonious Exit Leaves ‘Alameda Gap’ in Crypto Markets
The fall of a big player in the crypto trading sector has created a domino effect: lack of liquidity, according to a new report from Kaiko.
