Sources: crypto exchange Backpack, built by ex-FTX and Alameda execs, is in talks to raise $50M at a $1B pre-money valuation and claims $100M+ in annual revenue
Backpack Exchange, a centralized crypto trading firm built by former FTX and Alameda leaders, is negotiating terms for new financing …
Sources: crypto exchange Backpack, built by ex-FTX and Alameda leaders, is in talks to raise $50M at a $1B pre-money valuation, reports $100M+ in annual revenue
Backpack Exchange, a centralized crypto trading firm built by former FTX and Alameda leaders, is negotiating terms for new financing …
Investors have pulled $3.5B from US-listed bitcoin ETFs so far in November, almost equaling the previous monthly record for outflows of $3.6B set in February
Key BTC (BTC) Trading Signal Today Jack Pitcher / Wall Street Journal : The Largest Bitcoin ETF Is Posting Record Outflows Liz Napolitano / CNBC : BlackRock's iShares bitcoin fund sees record exodus a...
Singapore's Temasek cuts back on startup investments after the fund wrote down hundreds of millions of dollars on a spate of collapsed startups, including FTX
Financial Times :
FTX tells a US bankruptcy judge it will make the first payment to its main creditors on May 30 using the $11.4B cash hoard it has collected since shutting down
Steven Church / Bloomberg :
CoinMarketCap: Circle's USDC market cap reached a new high of $56.2B on February 9, after dropping to $24.5B in 2023 in the months following FTX's collapse
Monique Mulima / Bloomberg :
Kaiko: the share of BTC-USD trades in US market hours has now climbed to ~53% from 40% in 2021, with crypto liquidity back at levels seen before FTX's collapse
- Bitcoin trading versus dollar is more concentrated in US hours — Open interest in CME futures for Bitcoin, Ether scaled records
Analysis: US regulators have secured $19.45B across eight settlements from crypto firms so far in 2024, including FTX's $12.7B, and ~$32B since January 1, 2019
Lim Yu Qian / CoinGecko :
A US bankruptcy judge approves repaying FTX customers, and FTX is in talks over $1B in seized US assets; in June 2024, FTX had $12.6B, which may rise to $16.5B
Bloomberg :
Chicago-based G Squared raised $1.1B for a fund to buy secondary startup shares; G Squared bought ~$135M in Anthropic shares from FTX during its bankruptcy
Ivan Levingston / Financial Times :