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Crypto exchange FTX gets nod to sell $873M of assets to repay creditors

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Nearly $700 million of the $873 million trust assets allowed to be sold by FTX comes from Grayscale’s flagship product, the Grayscale Bitcoin Trust, or GBTC.

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Coin Market

Kelp exploit highlights problem with non-isolated DeFi lending: Crypto execs

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The contagion from the Kelp exploit could have been contained, but at the cost of capital efficiency, according to the founder of Curve Finance.

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Coin Market

Bitcoin price drops to $75K as new Hormuz closure puts focus on oil

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Bitcoin foreshadows fresh market mayhem as it appears that the US-Iran war has returned, including the closure of the Strait of Hormuz oil route.

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Aluminum giant Alcoa to sell dormant smelter to Bitcoin miner NYDIG: Report

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Alcoa is nearing a deal to sell its idle Massena East smelter to NYDIG as US industrial sites increasingly shift toward Bitcoin mining and AI data centers.

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