Markets


Markets

Crypto Exchange Gemini Suffers $485M Rush of Outflows Amid Contagion Fears

Gemini suspended its yield-earning program, shaking users’ confidence in the exchange.

Tyler Winklevoss and Cameron Winklevoss, creators of crypto exchange Gemini Trust Co. (Joe Raedle/Getty Images)

Markets

Market Wrap: Genesis Withdrawal Suspension Looms Over Cryptocurrencies

Bitcoin and other cryptocurrencies fell as investors chewed over the industry’s latest debacle.

(DALL-E/CoinDesk)

Markets

Have Crypto Markets Reached Bottom?

Investors maintain confidence in crypto, but are anxiously eyeing developments that could sink prices further.

Pause, Breathe, Resume (Brett Jordan/Unsplash)

Markets

Crypto Market Slides After Genesis Withdrawal Halt, but Big Investors May Hunt for Bargains

Most digital assets traded lower on Wednesday as another crypto firm gets hit by the FTX contagion, although institutional investors may be looking for bargains.

Bitcoin and most other digital assets declined on Wednesday after crypto financial firm Genesis Global Capital announced that it was temporarily suspending redemptions and new loan originations. (Source: CoinDesk)

Finance

Market Maker B2C2 Offers to Buy Loans From Genesis Crypto-Lending Unit

The lending arm of the crypto financial firm Genesis halted customer withdrawals earlier Wednesday, citing the impact of the collapse of FTX.

(Genesis Trading, modificado por CoinDesk)

Markets

First Mover Americas: FTX Fallout Reverberates Across Crypto-Land

The latest price moves in crypto markets in context for Nov. 16, 2022.

FTX's collapse is having ripple effects across the crypto universe. (Leon Neal/Getty Images)

Markets

Institutions Take Bearish Stance on Bitcoin, Create Arbitrage Opportunity

The record discount in the front-month bitcoin futures traded on the CME indicates institutions are biased bearish. The discount may attract arbitrageurs.

The record bitcoin futures discount suggests institutions are biased bearish. (Arcane Research)

Markets

Cryptocurrencies Trade in Sync After FTX Collapse – Just Not With Stocks

A new analysis shows how correlations have increased on various sectors of the 162-asset CoinDesk Market Index (CMI) amid widespread crypto distress following the collapse of Sam Bankman-Fried's FTX exchange. U.S. stocks, meanwhile, look unfazed by it all.

chart (5).png

Markets

After Bankruptcy, FTX User Claims Pay Cents on the Dollar

The crypto exchange FTX filed for bankruptcy Friday, leaving users’ funds stuck on the platform, and one marketplace for distressed claims posted bids for a fraction of the original value of claims.

(Leon Neal/Getty Images)

Markets

Market Wrap: Bitcoin Rises on Encouraging Inflation News

The largest cryptocurrency hovered near $16.8K. Ether and other altcoins also surge.

(Midjourney/CoinDesk)

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