Nelson Wang

Nelson edits features and opinion stories and was previously CoinDesk’s U.S. News Editor for the East Coast. He has also been an editor at Unchained and DL News, and prior to working at CoinDesk, he was the technology stocks editor and consumer stocks editor at TheStreet. He has also held editing positions at Yahoo.com and Condé Nast Portfolio’s website, and was the content director for aMedia, an Asian American media company. Nelson grew up on Long Island, New York and went to Harvard College, earning a degree in Social Studies. He holds BTC, ETH and SOL above CoinDesk’s disclosure threshold of $1,000.

Nelson Wang

Latest from Nelson Wang


Finance

FTX Firms Had $6.8B Hole in Balance Sheet at Time of Bankruptcy

The group of companies had debts of about $11.6 billion against $4.8 billion in assets, according to a presentation filed by its advisers.

FTX founder Sam Bankman-Fried in March of 2023. He could be returning to jail early if a court decides he has violated conditions of his bail. (Michael M. Santiago/Getty Images)

Finance

Coinbase, Hut 8 and Other Crypto Stocks Rise as Bitcoin Surpasses $27.6K

BTC’s price is up over 10% over the last 24 hours.

Bitcoin subió en el trading del día viernes. (Jay Radhakrishnan)

Finance

Crypto Platform Anchorage Digital Laying Off 20% of Its Staff

The firm said that U.S. regulatory uncertainty played a role in its decision.

Anchorage President Diogo Monica speaking in the Bahamas (Danny Nelson)

Policy

Justice Department Investigating TerraUSD Stablecoin Collapse: Reports

The investigations follow the filing of the SEC’s civil fraud lawsuit against Terraform Labs and Do Kwon last month.

The U.S. Department of Justice charged Cred's executives with wire fraud, conspiracy to commit wire fraud and related charges. (Getty Images).

Finance

FDIC Planning to Try Auctioning Silicon Valley Bank Again: WSJ

The designation of SVB’s failure as a potential systemic threat gives the FDIC more options to sell the bank.

(Smith Collection/Gado/Getty Images)

Policy

New York Attorney General Alleges Ether Is a Security in KuCoin Lawsuit

A press release said the lawsuit was part of ongoing "efforts to crack down on unregistered cryptocurrency platforms."

New York State Attorney General Letitia James (Alex Kent/Getty Images)

Policy

Silvergate Talking With FDIC About How to Save Crypto-Focused Bank: Bloomberg

FDIC examiners met with Silvergate management at its headquarters in California last week.

Silvergate Bank collapsed in 2023. (Will Foxley/CoinDesk)

Policy

Alameda Sues Grayscale and DCG to Allow Redemptions, Reduce Fees

The bankrupt trading firm is seeking injunctive relief to allow FTX debtors to realize what it claims is more than $250 million in asset value.

Grayscale CEO Michael Sonnenshein (CoinDesk)

Finance

Bitcoin Miner Riot Delayed 10-K Filing Due to Impairment Calculation Issues

The delay followed a similar move earlier this week by Marathon Digital.

A close-up of one of Riot's mining rigs. (Riot Blockchain)

Policy

FTX Has ‘Massive Shortfall’ in Assets, Say Bankruptcy Lawyers

So far, $2.2 billion in assets have been identified in the wallets of accounts associated with FTX.com, of which only $694 million are in the most liquid assets.

John J. Ray III, CEO of FTX Group (Nathan Howard/Getty Images)