1.How The Genesis Withdrawal Halt Impacts The Entire Crypto Market
By now, the news of crypto lender Genesis halting withdrawals has already made the rounds. The implications of this on...
2.Market Wrap: Bitcoin Rises on Encouraging Inflation News
The latest inflation data on Tuesday suggested that the U.S. central bank was winning its campaign against inflation, and crypto investors relished the news.
The largest cryptocurrency hovered near $16.8K. Ether and other altcoins also surge.
3.Forbes: These Investors Stand To Lose The Most From FTX’s Implosion
No one is set to lose more from FTX’s implosion than Sam Bankman-Fried, the crypto wunderkind who founded the exchange and then drove it into the ground this week. His net worth, once as high as $26.5 billion, has plummeted to less than a billion dollars–one of the fastest falls from the billionaires ranks ever. FTX users and employees may be in for big losses too, with Bankman-Fried now trying to cobble together emergency funding to cover a shortfall of up to $8 billion as customers demand their money back. “I can't make any promises,” he tweeted Thursday. “But I'm going to try.”
4.NY Times: How SBF’s Crypto Empire Collapsed
Mr. Bankman-Fried said in an interview that he had expanded too fast and failed to see warning signs. But he shared few details about his handling of FTX customers’ funds.
5.Will CEX's Crisis of Trust Affect Huobi?
All in all, we don't believe Huobi's robustness and CEX 's long-term prospects should be questioned. On the contrary, the robustness of Crypto will be further strengthened after this crisis, and the prospects of CEX are still worth looking forward to.
6.Crypto’s Transparency May Be Part of the Problem Right Now
More visibility into money movements can help investors, but it can also make concern spread faster
