Is MicroStrategy the next FTX?
MicroStrategy doesn't appear to face significant immediate risks, its interest costs remain manageable, and financing is progressing well.
JinseFinanceMicroStrategy doesn't appear to face significant immediate risks, its interest costs remain manageable, and financing is progressing well.
JinseFinanceBitFlyer plans to acquire FTX Japan for billions of yen, aiming to reposition it as a digital asset management firm for institutional investors. FTX's restructuring involves selling subsidiaries to repay creditors, with ongoing disputes over cash versus crypto repayments.
ZeZhengFTX wins court approval for Anthropic stake sale, advancing customer reimbursement efforts.
Xu LinExplore the strategic disposal of GBTC shares by FTX Estate and its market implications in our comprehensive analysis. Uncover insights on the GBTC to ETF transition, legal dynamics, and the significant market reactions shaping the future of cryptocurrency investments.
WeiliangIn a shrewd financial maneuver, Dave Inc. secured FTX Ventures' convertible debt at a discounted rate of $71 million. The completion of the deal is subject to court approval, with stringent conditions to prevent alternative transactions. Dave Inc.'s CEO, Jason Wilk, expresses confidence in the move, while FTT, FTX's native cryptocurrency, sees a 15% surge. FTT is currently trading at $2.99.
Cheng YuanReport Provides High-Level Overview of Control Failures by Previous Management Team Across Critical Functions
OthersThe Financial Times has seen a copy of an FTX balance sheet showing that the bankrupt crypto exchange had only $900mn of assets it could easily sell.
Financial TimesThis article summarizes the FTX drama that broke out in the crypto market.
CointelegraphBoth the major crypto exchange and its U.S. arm closed on separate $400 million funding rounds in January.
Cointelegraph