Summary: Tron founder Justin Sun said his team was in the Bahamas where FTX is based to evaluate a potential deal. Sun noted that the process might be long especially since Sam Bankman-Fried’s company already filed for bankruptcy. The billionaire digital currency proponent opined that FTX’s contagion will hurt crypto’s...
Summary: Grayscale’s digital asset product attention was backed up by Coinbase’s custodial division. However, the crypto exchange did not release the associated wallet addresses for each product. The crypto community wallet addresses of the Bitcoin trust and other products after Genesis disclosed FTX exposure. Coinbase Custody backed up a product...
Hong Kong-based crypto OTC trading firm Genesis Block has over $50 million stuck on FTX. The firm had announced the suspension of trading services earlier today.
Summary: Another crypto firm announced changes to operations due to FTX’s contagion. The lending department of Genesis Global Trading “temporarily suspended” customer withdrawals and new loan originations on Wednesday, CoinDesk reported. Interim CEO Cerar Islim delivered the update during a client call. The operational change did not affect Genesis Trading,...
Crypto lender BlockFi is reportedly preparing to file for bankruptcy after revealing a significant exposure to FTX. BlockFi is planning to lay off employees in the meantime.
Merchants and customers who use USDC will now be able to do so using Apple Pay. Circle has announced that crypto payments using USDC have been enabled on Apple Pay.
