WuBlockchain Weekly:FTX may restart、Genesis files for bankruptcy reorganization、CoinDesk taps bankers for potentia…
Top10 News 1. FTX’s new chief executive has set up a task force to explore restarting FTX link FTX’s new chief executive said that he has set up a task force to explore restarting FTX, because some customers have praised its technology and suggested that there would be value in rebooting the platform. 2. Genesis’ weekly summary a. Genesis Global Holdco, LLC (“GGH”) filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code link Genesis Global Holdco, LLC (“GGH”) and two of its lending business subsidiaries filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. b. Relevant information of Genesis creditors disclosed in court documents link The largest creditors include the Gemini lenders with 765m; followed by Bybit’s Mirana with 151m; Babel Finance with 150m; Coincident Capital 110m and other 50 largest unsecured claims. c. Gemini: Barry, DCG, etc. are responsible for fraud link Gemini said the decision to let Genesis go bankrupt does not insulate Barry, DCG and any other wrongdoers from liability for the fraud, and that unless Barry and DCG come to their senses and make a fair offer to creditors, an immediate lawsuit will be filed against Barry and DCG. 3. CoinDesk’s weekly summary a. CoinDesk taps bankers for potential sale link DCG Subsidiary CoinDesk has retained investment bankers at Lazard to help it explore options including a partial or full sale. CoinDesk generated $50m in revenue last year from online advertising as well as its index and events business. b. Cardano co-founder Charles Hoskinson considers buying CoinDesk for $200 million link Charles Hoskinson, co-founder of the Cardano, said that he is considering buying crypto news service CoinDesk to revamp it into a mix of a news and community site. CoinDesk is a subsidiary of DCG, and the current price is about $200m. 4. Circle releases first annual “State of the USDC Economy” report link More than $213 billion have been redeemed. 80% USDC reserves are held in three-month Treasury bills; Circle has been audited by Grant Thornton and will be audited by Deloitte in the future. 5. The 22nd quarterly BNB token burn has been completed link The 22nd quarterly BNB token burn of 2,064,494.32 BNB has been completed, about $617 million. The latest quarterly burn includes 7,181.03 BNB that was effectively burned via the Pioneer Burn Program. 6. Binance is now registered as a virtual assets service provider in poland link As part of this process, Polish users are to sign new Terms and Conditions with Binance Poland sp. z o.o. in order to continue using Binance’s services. 7. Bitwise released ten predictions for 2023 link Bitwise released ten predictions for 2023: the market may grind sideways for a period before entering its next bullish phase; ETH will deflate in 2023, total circulating supply will drop by at least 1%; USDC will surpass USDT; Uniswap will surpass Coinbase in trading volume. 8. Robinhood officially launched the Robinhood Wallet mobile app link Robinhood officially launched the Robinhood Wallet mobile app, which supports token trading and NFT viewing on Ethereum and Polygon. Currently, the wallet is being opened to 1 million candidate users. 9. OKX reserves rose 16.64% to $7.5 billion from $6.43 billion last month link OKX released its third proof of reserve report, which increased by 16.64% to $7.5billion from $6.43billion in the previous month. According to DeFiLlama, in the past month, Binance reserves increased by $1.95 billion, while Huobi decreased by $336 million. 10. Founders Fund sells cryptocurrency shortly before last year’s market crash link Founders Fund, co-founded by Peter Thiel, sold its holdings of crypto (mainly bitcoin) at the end of March last year when the price of bitcoin was around $45,000, bringing about $1.8 billion return. Around the same time that the Founders Fund sold most of its cryptocurrency holdings, Peter Thiel said Bitcoin could rise 100-fold. Fundraising
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Author: @0xMavWisdom Disclaimer: This article is for information value sharing only and is not associated with any interest in the items discussed and is not endorsed in any way. With the recent slight
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