Market Analysis
Gemini Allegedly Borrowed $100M From Winklevoss Twins
After allegedly failing to find funds elsewhere, the Winklevoss twins lent $100 million to their own company.
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News
FTX contagion
Section
FTX contagion
Policy
Court Rules That $375M of Users’ Crypto in Interest Accs Belongs to BlockFi
This Thursday, a Federal Judge ordered BlockFi to repay nearly $300 million to its customers, but ruled that an additional $475 million in interest-bearing accounts is company property.
Market Analysis
BlockFi Greenlight to Sell $4.7 Worth of Mining Rigs by Bankruptcy Court
The bankruptcy court in New Jersey recently approved BlockFi’s sale of 6,400 cryptocurrency mining rigs.
Banking
Silvergate in Talks With FDIC as the Bank’s Future Remains Uncertain
Silvergate is reportedly working with FDIC in an effort to find a way out of the crisis caused by the collapse of FTX, and the recent…
Best Stocks
Silvergate Down 45% in Premarket as Coinbase Switches to Signature Bank
Silvergate's slide continue in Thursday premarket, with the stock plummeting more than 45%.
Banking
Silvergate Down 30%+ After Delaying 10-K Filing In Wake of FTX Collapse
Silvergate’s delay of the 10-K filing for 2022 caused the company’s shares to take a nosedive in after-hours trading.
Policy
US Prosecutors Ramp Up Investigations on Crypto Firms Post FTX Collapse
Crypto conglomerate Digital Currency Group is the latest to come under investigation by US authorities following the collapse of FTX.
Market Analysis
Genesis Working With Moelis & Co. Mulling Over Chapter 11 Bankruptcy
Genesis is “working closely” with its advisors and reportedly still considering bankruptcy as a way forward.
Market Analysis
Genesis Fires 30% of Staff in Restructuring Attempts After FTX’s Collapse
A day after saying it needed more time to sort out its financial woes, Genesis announced it was 30% of its remaining employees.
Best Stocks
Silvergate Shares Down 41% Premarket as $8.1B Bank Run Revealed
Silvergate's stock tanked more than 40% in premarket trading on Thursday.
Market Analysis
GBTC is Now Trading at a 42% Discount to its $10B+ BTC Holdings
Grayscale Bitcoin Trust represents the most dangerous domino in the FTX fallout.