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It’s the list everyone’s been waiting for, minus 9.7 million redacted customer names. But the 116-page FTX creditor list, which cites the likes of Netflix (NFLX) and Apple (AAPL), still paints a comprehensive picture of the now-bankrupt crypto company’s reach and the impact of its collapse.
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FTX owes money to media companies, universities, airlines and charities, among others, a court filing shows on Wednesday. The document was filed by attorneys for the company as part of the bankruptcy proceedings in the US Bankruptcy Court in Delaware.
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Judge John Dorsey, who is overseeing the case, allowed the names of individual creditors to be sealed for three months at a hearing in early January, but required that a list of institutions that have invested in the company be filed by FTX attorneys.
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These include media companies like The Wall Street Journal, Fortune, Fox Broadcasting, and CoinDesk, as well as major crypto firms like exchanges Coinbase (COIN) and Binance. CoinDesk is materially owed nothing and is on the list for “technical reasons” over a podcast sponsorship signed in the fall that was never executed, a CoinDesk spokesman said.
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American Airlines Group (AAL), Spirit Airlines (SAVE) and Southwest Airlines (LUV), as well as Stanford University — where FTX founder Sam Bankman-Fried’s parents work as professors — and the university’s credit union were also listed in the document.
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The list also names Gisele Bundchen Charitable Giving as a creditor. Brazilian supermodel and then-husband Tom Brady famously invested in the company, even appearing in one of its Super Bowl ads.
Current prices
CoinDesk Market Index (CMI)
1,087.49
−13.8 ▼ 1.3%
Bitcoin (BTC)
$23,020
−71.1 ▼ 0.3%
Ethereum (ETH)
$1,604
+4.9 ▲ 0.3%
S&P 500 daily close
4,060.43
+44.2 ▲ 1.1%
gold
$1,930
−11.5 ▼ 0.6%
Treasury yield 10 years
The story goes on
3.49%
▲ 0.0
BTC/ETH prices per CoinDesk indices; Gold is the COMEX spot price. Prices from approximately 4:00 p.m. ET
Bitcoin (BTC): The largest cryptocurrency by market value recently traded around $23,000, down 0.6% over the past 24 hours. Still, BTC has rallied nearly 40% in January and could be in position for a major move higher if history is any guide, as its recent upleg has paralleled the mid-2019 bullish revival.
Stocks closed as traders processed the latest US GDP report, which showed solid economic growth late last year. The tech-heavy Nasdaq Composite rose 1.7%, while the S&P 500 and Dow Jones Industrial Average (DJIA) gained 1.1% and 0.6%, respectively.
Token rounding up
Ether (ETH): ETH traded flat around $1,600, roughly flat for the last 24 hours.
Curve DAO token (CRV): Decentralized finance protocol Aave eliminated the bad debt of 2.7 million CRV from a botched November trade by Mango Markets exploiter Avi Eisenberg, blockchain data on Etherscan shows. CRV is issued as a yield farming reward to liquidity providers on Curve Finance. It recently traded at $1.05, up 2% on the day.
Conflux (CFX): Based on CoinMarketCap data, the native token of the layer 1 Conflux blockchain recently surged 106%, trading at around 6 cents on Thursday after announcing that it was Little Red Book, China’s version of Instagram, has integrated. The integration will allow Little Red Book’s 200 million users to display non-fungible tokens (NFT) minted on Conflux on their profile pages.
Crypto Market Analysis: Bitcoin trades flat against GDP, jobs data signals slight growth
By Glenn Williams Jr.
Crypto’s resilience was even demonstrated when the US Department of Commerce reported that gross domestic product (GDP) grew at an annual rate of 2.9% in the fourth quarter of 2022, up from 3.2% in the third, although GDP exceeded expectations of a increase of 2.6 % .
Financial markets appear to be reacting positively to the latest data, including a lower-than-expected number of jobless claims. “Real disposable income,” which represents personal income after adjusting for taxes and inflation, rose 3.3%, while quarter-on-quarter change in gross domestic purchase prices increased 3.2%, compared with 4.8% in the third Quarter.
Signs of an economic slowdown were also evident in the data, as a 2.1% increase in consumer spending fell short of expectations of 2.5%. With consumption accounting for 70% of GDP, investors in risky assets, particularly crypto, are likely to see further weakness in the coming months.
Read the full technical take here.
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