Crypto Market Musings
The impact of the FTX scandal continues to shake the crypto world. The exchange filed for bankruptcy last Friday after its rival...
Key Takeaways
FTX collapsed last week, shaking the crypto community’s faith in centralized custodians.
Holding crypto in self-custody helps users reduce exposure to risky third parties...
The biggest news in the cryptoverse for November 16 includes Gemini halting withdrawals on its Earn program, Coinbase saying it has zero exposure to Genesis Trading, and Messari estimating that FTX investors may get back up to 50% of their funds after bankruptcy process.
Following the implosion of FTX and the locking up of over $175 million, Genesis’s lending arm faces a liquidity crisis and is actively seeking new capital.
