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FTX
Bitcoin Price Tumbles; More Than 50% of Bitcoin Addresses Are Now in Loss
Valkyrie CIO Steven McClurg discusses his outlook for bitcoin (BTC) as it sinks below $16,000 and on-chain data shows most addresses holding BTC are losing money. Plus, reactions to Coinbase, MicroStrategy and other bonds tanking in the continued fallout of crypto exchange FTX.

Stronghold Digital CEO on State of Bitcoin Mining Amid FTX Fallout
Stronghold Digital Mining CEO Greg Beard discusses his outlook for the bitcoin mining industry as the collapse of crypto exchange FTX continues to ripple across the digital asset space and BTC sinks below $16,000. "The great unwind is happening now," Beard said.

Bitcoin Falls Below $16K; Coinbase Hits Lowest Price Since Going Public
Shares of Coinbase (COIN) hit their lowest price since the the U.S.-based cryptocurrency exchange went public in April 2021. The Grayscale Bitcoin Trust (GBTC) is drawing market attention after sister company Genesis Global Capital said its lending unit would halt customer withdrawals in the wake of the collapse of Sam Bankman-Fried’s FTX crypto empire, Bernstein said in a research report Monday.

Crypto Market Analysis: Bitcoin and Ether Approaching Oversold Levels
To see if that matters, it's helpful to look back at what the relative strength index, a technical indicator, has meant in the past.

FTX’s Collapse a Wake-Up Call for Venture Capitalists, Dragonfly Partner Says
Tom Schmidt noted that more discerning VCs didn't invest in the failed crypto exchange.

US CFTC’s Behnam Will Testify at FTX Hearing in Senate
The chairman is the first witness listed so far by the Senate Agriculture Committee as it prepares a hearing on the FTX blowup.

Binance Labs Invests in Hardware Wallet Manufacturer Ngrave
Binance’s venture capital wing Binance Labs made a strategic investment in hard wallet manufacturer Ngrave. "The Hash" panel discusses Binance's strategy and the booming hard wallet business after the FTX fallout.

FTX Exploiter Starts Converting Millions in Ether to Alameda-Linked Ren Bitcoin Tokens
The culprit behind the $600 million exploit of crypto exchange FTX started exchanging millions of dollars worth of ether (ETH) to ren bitcoin (renBTC), a token that represents bitcoin on other blockchains. "The Hash" panel discusses the latest on the FTX collapse and who could possibly be responsible for the exploit.

‘Grayscale Discount’ Widens as FTX Contagion Spreads
Shares of the Grayscale Bitcoin Trust (GBTC), the world’s largest publicly traded crypto fund, are trading at a record discount relative to the price of the underlying bitcoin (BTC). "The Hash" discuss the impact of FTX's fallout on the overall market. CoinDesk is an independent subsidiary of Digital Currency Group (DCG), which also owns Grayscale.

More Than 50% Bitcoin Addresses Are in Loss
Most addresses holding bitcoin are now losing money, on-chain data shows. "It's just the short-term overhang that's pretty dangerous at this point ... everyone is focused on [FTX] contagion risks," says Nauman Sheikh, Wave Financial head of protocol and treasury management. But, he explains why he's optimistic in the long term.
