Mizuho Downgrades Crypto Exchange Coinbase to ‘Underperform,’ Cuts Price Target to $30
The bank’s analysis shows that 2023 revenue estimates for the crypto exchange are overly optimistic.
DeFi Risk-Sharing Protocol Nexus Expects Loss on Maple Credit Pool Investment as FTX Contagion Widens
Nexus Mutual, which offers an insurance alternative for decentralized finance traders, deposited some $19 million in ETH to Maple’s...
Crypto Markets Today: FTX Fallout Hits Maple Finance; Bitcoin Declines
Orthogonal Trading received a default notice, while crypto leader Nexo decided to depart from the U.S. after regulatory discussions...
Bitcoin Lags as Unwinding of ‘Fed Trade’ Lifts US Stocks Above 200-Day Average
Bitcoin trades at a significant discount to its 200-day average as popular macro trades of 2002 unwind, leading to...
Crypto Markets Today: Galaxy Digital Expands Brokerage Services With GK8 Acquisition
The cryptocurrency-focused financial services firm won an auction to buy the company from crypto lender Celsius, which filed for...
Three Arrows Capital Liquidators Seize $35.6M From Singaporean Banks
In a court hearing Friday, 3AC’s appointed liquidators blasted the collapsed hedge fund’s founders for talking to the media...
November Jobs Report Due Friday as the Fed’s Powell Confirms Slower Pace of Rate Hikes
The employment report for November is expected to show a sizable slowdown in hiring, but the labor market remains...
Wrapped Bitcoin Trades at Discount Amid Market Contagion
WBTC’s discount dropped to as low as 1.5% as questions swirled over whether the token is fully backed. Custodian...
FTX Bankruptcy Judge Says Creditor Information Can Be Redacted – at Least For Now
FTX creditors concerned about their names and other personal information being disclosed as part of the crypto exchange’s bankruptcy...
Crypto Lender Nexo Sued for Allegedly Blocking $126M Withdrawals: Report
Nexo is being sued by a group of investors in the London High Court who allege that the crypto...
Bill Ackman Endorses Crypto Project Helium, Discloses Crypto Holdings
One of TradFi’s better-known investors revealed on Monday that he has turned a leaf and is now endorsing crypto,...
Crypto Markets Are Suffering – But Is It Really ‘Contagion’?
So we’re now roughly two weeks removed from the start of the FTX meltdown. The coverage on CoinDesk has...
‘Grayscale Discount’ Widens to Record 43% as FTX Contagion Spreads
Shares of the Grayscale Bitcoin Trust (GBTC), the world’s largest publicly traded crypto fund, are trading at a new...
First Mover Asia: Bitcoin Won’t Budge. Cryptos Ignore the FTX Chaos for Another Day
Good morning. Here’s what’s happening: Prices: Bitcoin continued to trade sideways and hold comfortably above its $16,000 support. Insights...
Bitcoin Exit From Crypto Exchanges Rises to 220K Over Past 10 Days
Roughly another 26,000 bitcoin (BTC) has been pulled from crypto exchanges over the past 24 hours, bringing the total...
Ether Staking Yields Jump Up to 25%; All-Time High Since Merge
Staking vanilla ether (ETH) is generating eye-catching yields for crypto hopefuls amid a broader market crisis with returns on...