market wrap

(CoinDesk)
Crypto Markets Today: Record Grayscale Bitcoin Trust Discount Widens Industry Woes
The fallout from crypto exchange FTX’s implosion continued as data showed the GBTC discount rate to bitcoin hitting a record high.
(CoinDesk)

CDCROP: SEC Chair Gensler Testifies In Senate Hearing (Kevin Dietsch/Getty Images)
Crypto Markets Today: Gensler Restates SEC’s Crypto Authority
The chairman said the agency has the basic disclosure and governance requirements to hold digital-asset firms accountable, although he did not address the fallout from crypto exchange FTX’s collapse.
CDCROP: SEC Chair Gensler Testifies In Senate Hearing (Kevin Dietsch/Getty Images)

CDCROP: Grayscale CEO Michael Sonnenshein (CoinDesk)
Crypto Markets Today: Fir Tree Suit Against Grayscale Adds to Industry’s Growing Woes
The hedge fund wants more details about the Grayscale Bitcoin Trust, which has fallen in value by nearly 75% this year.
CDCROP: Grayscale CEO Michael Sonnenshein (CoinDesk)

CDCROP: AI generated markets charts graphics red (DALL-E/CoinDesk)
Crypto Markets Today: FTX Fallout Hits Maple Finance; Bitcoin Declines
Orthogonal Trading received a default notice, while crypto leader Nexo decided to depart from the U.S. after regulatory discussions hit a “dead end.”
CDCROP: AI generated markets charts graphics red (DALL-E/CoinDesk)

CDCROP: (Jeremy Thomas/Unsplash)
Crypto Markets Today: Galaxy Digital Expands Brokerage Services With GK8 Acquisition
The cryptocurrency-focused financial services firm won an auction to buy the company from crypto lender Celsius, which filed for Chapter 11 bankruptcy protection.
CDCROP: (Jeremy Thomas/Unsplash)

CFTC Chair Rostin Behnam speaks at DC Fintech Week (Nikhilesh De/CoinDesk)
Crypto Markets Today: CFTC Chair Proposes Pause to Overhaul Digital Commodities Consumer Protection Bill
Rostin Behnam made the suggestion as regulators and the crypto industry continue processing the implosion of crypto exchange giant FTX.
CFTC Chair Rostin Behnam speaks at DC Fintech Week (Nikhilesh De/CoinDesk)

CDCROP: Close up of scissor blades cut cutting (Shutterstock)
Crypto Markets Today: Kraken Becomes the Latest Industry Giant to Cut Its Workforce
The crypto exchange is cutting 30% of its global staff. ALSO: Bitcoin surges along with equity markets on the Federal Reserve Chair’s dovish tone in a speech Wednesday.
CDCROP: Close up of scissor blades cut cutting (Shutterstock)

CDCROP: Person climbing up a waterfall (Thomas Höggren/Unsplash)
Crypto Markets Today: Huobi’s HT Token Climbs After Exchange Discloses Airdrop
The company will send a digital token to users via Huobi Prime, its exclusive token offering platform.
CDCROP: Person climbing up a waterfall (Thomas Höggren/Unsplash)

BTC and ETH prices continue to slide down. (Karsten Winegeart/Unsplash)
Crypto Markets Today: BlockFi Files for Bankruptcy Protection, MakerDAO Rejects $500M Proposal to Invest in Bonds and BTC Slides
Crypto prices dropped amid continued market contagion triggered by the FTX collapse earlier this month.
BTC and ETH prices continue to slide down. (Karsten Winegeart/Unsplash)

CDCROP: AI Artwork Money sucked into a black hole (Midjourney/CoinDesk)
Market Wrap: Who Transferred 10K Bitcoin From Wallet Linked to the Failed BTC-e Exchange?
Bitcoin stayed above $16K after the Fed minutes were released and Genesis Global Capital confirmed hiring investment bank Moelis.
CDCROP: AI Artwork Money sucked into a black hole (Midjourney/CoinDesk)