News Explorer — Bankrupt FTX Aims to Safeguard Assets via Hedging and Staking, Tapping Galaxy Digital as Investment Advisor

Bankrupt FTX Aims to Safeguard Assets via Hedging and Staking, Tapping Galaxy Digital as Investment Advisor

Bankrupt crypto exchange FTX is seeking to protect its remaining assets through hedging arrangements and earning yield. The company has filed a request with the bankruptcy court to stake its idle crypto and sell recovered digital assets like Bitcoin and Ethereum. FTX plans to enlist Mike Novogratz and Galaxy Digital as its investment adviser to create and preserve value for the estate, as a significant amount of funds are held in cryptocurrencies.

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Aug 24, 2:29 am

Decrypt

Bankrupt FTX Aims to Safeguard Assets via Hedging and Staking, Tapping Galaxy Digital as Investment Advisor

Bankrupt crypto exchange FTX is seeking to protect its remaining assets through hedging arrangements and earning yield…. Read Summary

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Aug 24, 12:04 am

The Block

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Crypto market maker B2C2 has acquired French rival Woorton to expand its presence in Europe. The acquisition gives B2C2… Read Summary

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Aug 23, 7:58 pm

Cointelegraph

Coin Center Criticizes Indictment of Tornado Cash Devss, Stating Lack of Clear Money-transmitting Violations

Coin Center, a crypto advocacy group, has criticized the indictment of two former Tornado Cash developers, arguing that… Read Summary

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Aug 23, 7:28 pm

The Block

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Aug 23, 5:47 pm

Cointelegraph

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Aug 23, 6:34 pm

Decrypt

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Aug 23, 5:49 pm

Decrypt

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Aug 23, 4:24 pm

Decrypt

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Despite the risks and controversies surrounding the crypto industry, Kansas City Chiefs quarterback Patrick Mahomes cont… Read Summary

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Aug 23, 2:58 pm

Decrypt

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Aug 23, 12:23 pm

Decrypt

Former Corrections Officer Charged in Crypto Fraud Targeting Police

A former New Jersey corrections officer, John A. DeSalvo, has been charged by the SEC for defrauding law enforcement per… Read Summary

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Aug 23, 10:07 am

Blockworks

Tornado Cash Co-founder Roman Storm Arrested for Money Laundering

Roman Storm, co-founder of Tornado Cash, has been arrested by the DOJ for federal money laundering and sanctions violati… Read Summary

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Aug 23, 9:01 am

Decrypt

Social Poker App PokerGO Play Lands on Gala Games

PokerGO Play, a new NFT-based social poker app, has launched on Gala Games in partnership with PokerGO. The game combine… Read Summary

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Aug 23, 8:16 am

Decrypt

Bitcoin Ordinals Trading Is Down Bad—But Just How Bad?

A report from DappRadar showed a significant decline in Bitcoin Ordinal sales volumes, with a 97% drop from May to Augus… Read Summary

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Aug 23, 7:25 am

The Block

Circle Plans to Launch USDC on Six New Blockchains,

Circle Internet Financial is planning to launch its stablecoin, USDC, on six new blockchains including Polygon PoS, Base… Read Summary

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