First Mover Asia: FTX’s Illiquid Holdings Filled With Tokens That Sit in Venture Funds in Which It Invested; Bitcoin Falls Below $21K https://www.coindesk.com/markets/2023/01/19/first-mover-asia-ftxs-illiquid-holdings-filled-with-tokens-that-sit-in-venture-funds-in-which-it-invested-bitcoin-falls-below-21k/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
A good portion of FTX's illiquid tokens can be found on the balance sheet of funds, including Sino Global and Multicoin Capital. FTX invested in these funds, and their names often appear alongside FTX as co-investors in projects.
Crypto Lawyers Share Blame for FTX, Other Disasters, CFTC Commissioner Says https://www.coindesk.com/policy/2023/01/18/crypto-lawyers-share-blame-for-ftx-other-disasters-cftc-commissioner-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Lawyers, accountants and other financial professionals should have stepped in to halt the fatal mistakes going on inside crypto firms such as FTX long before they imploded, said Christy Goldsmith Romero, a commissioner with the U.S. Commodity Futures Trading Commission (CFTC).
ConsenSys Confirms Job Cuts; CEO Lubin Touts a Win for Decentralization Over 'Ridiculous' CeFi https://www.coindesk.com/business/2023/01/18/consensys-confirms-job-cuts-ceo-lubin-touts-a-win-for-decentralization-over-ridiculous-cefi/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
A total of 97 employees, or 11% of the workforce, will be affected, according to a blog post by the CEO.
Lido’s Total Value Locked Spiked 33% In Past Month, Becoming Largest DeFi Protocol by TVL, Says DeFiLlama https://www.coindesk.com/markets/2023/01/18/lidos-total-value-locked-spiked-33-in-past-month-becoming-largest-defi-protocol-by-tvl-says-defillama/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Users have deposited $7.8 billion into Lido to reap rewards for the protocol’s community-led validator staking service, heating up the liquid staking derivatives space.
Skybridge Capital Founder: The Time to Invest in Crypto Is Now https://www.coindesk.com/business/2023/01/18/skybridge-capital-founder-the-time-to-invest-in-crypto-is-now/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Anthony Scaramucci says crypto is closer to a bottom and long term investors should be looking at the markets with a three to five year perspective in mind.
Crypto Brokerage Genesis Global Capital May Be Nearing Bankruptcy Filing: Reports https://www.coindesk.com/business/2023/01/18/crypto-lender-genesis-global-capital-may-be-nearing-bankruptcy-filing-reports/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
Genesis had previously halted customer withdrawals following FTX's epic collapse.
In Davos, Blockchain Yields More Promises Than Problems https://www.coindesk.com/consensus-magazine/2023/01/18/in-davos-blockchain-yields-more-promises-than-problems/?utm_medium=referral&utm_source=rss&utm_campaign=headlines