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FTX, FTX US and Alameda will file for Chapter 11 bankruptcy in US; SBF resigns

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FTX CEO Sam Bankman-Fried has resigned from his position but will “remain to assist in an orderly transition” before being succeeded by John Ray.

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Coin Market

Crypto funds log $858M in sixth straight week of inflows: CoinShares

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Crypto ETPs drew $858 million in inflows last week, led by Bitcoin with $706 million, as sentiment improved and short-BTC funds saw $14 million of outflows.

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Coin Market

BTC price target becomes $85K next: Five things to know in Bitcoin this week

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Bitcoin faced a choice between consolidation and new local highs as $80,000 support held despite flash BTC price volatility and liquidity grabs.

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Crypto.com receives UAE license for Dubai government crypto payments

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Crypto.com says a new UAE Stored Value Facilities license will let residents pay Dubai government fees in crypto, as the company doubles down on regulated expansion in the Middle East and beyond.

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