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The v2 upgrade will include a new concentrated liquidity automated market maker aimed at making trading for the Camelot ecosystem more efficient. [Arbitrum-Based Camelot Crypto Exchange to Deploy V2 Upgrade Saturday](https://www.coindesk.com/business/2023/04/07/arbitrum-based-camelot-crypto-exchange-to-deploy-v2-upgrade-saturday/) The v2 upgrade will include a new concentrated liquidity automated market maker aimed at making trading for the Camelot ecosystem more efficient.
Gryphon sent $500,000 worth of its business partner's bitcoin to a hacker pretending to be Sphere 3D's CFO, the lawsuit claims. [Bitcoin Miner Sphere 3D Sues Partner Gryphon Digital](https://www.coindesk.com/business/2023/04/07/bitcoin-miner-sphere-3d-sues-partner-gryphon-digital/) Gryphon sent $500,000 worth of its business partner's bitcoin to a hacker pretending to be Sphere 3D's CFO, the lawsuit claims.
Policymakers seem to be doing their best to suffocate dollar on-ramps into crypto, leaving the door open for other mature markets to gain a competitive edge, Kaiko research analyst Conor Ryder writes. [U.S. Banking Cutoff Presents Opportunities for Crypto in Europe](https://www.coindesk.com/consensus-magazine/2023/03/19/us-banking-cutoff-presents-opportunities-for-crypto-in-europe/) Policymakers seem to be doing their best to suffocate dollar on-ramps into crypto, leaving the door open for other mature markets to gain a competitive edge, Kaiko research analyst Conor Ryder writes.
Crypto’s Future Will Be Based on Self-Custody and Regulation: Kraken's Dave Ripley The incoming CEO discusses why the future of crypto will be based on proof of reserves and thoughtful regulation. Read more👇 [Crypto’s Future Will Be Based on Self-Custody and Regulation: Kraken's Dave Ripley](https://www.coindesk.com/business/2022/11/23/cryptos-future-will-be-based-on-self-custody-and-regulation-krakens-dave-ripley/) The incoming CEO discusses why the future of crypto will be based on proof of reserves and thoughtful regulation.
Crypto Market Analysis: Commitment of Traders Report Shows Asset Managers Trimming Long Positions Bitcoin futures contracts remain in backwardation. Leveraged Funds look to take advantage. [Crypto Market Analysis: Commitment of Traders Report Shows Asset Managers Trimming Long Positions](https://www.coindesk.com/markets/2022/11/23/crypto-market-analysis-commitment-of-traders-report-shows-asset-managers-trimming-long-positions/) Bitcoin futures contracts remain in backwardation. Leveraged Funds look to take advantage.
First Mover Asia: Cryptos Fly Higher as U.S. Turkey Day Holiday Approaches The CEO of crypto lending and borrowing platform Hexn.io, believes recent crypto debacles will leave the industry stronger by weeding out weaker companies and fostering stronger regulatory efforts. Read more👇 [First Mover Asia: Cryptos Fly Higher as U.S. Turkey Day Holiday Approaches](https://www.coindesk.com/markets/2022/11/24/first-mover-asia-cryptos-fly-higher-as-us-turkey-day-holiday-approaches/) The CEO of crypto lending and borrowing platform Hexn.io, believes recent crypto debacles will leave the industry stronger by weeding out weaker companies and fostering stronger regulatory efforts.
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. [Market Wrap: Who Transferred 10K Bitcoin From Wallet Linked to the Failed BTC-e Exchange?](https://www.coindesk.com/markets/2022/11/23/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.
Ether Staking Yields Jump Up to 25%; All-Time High Since Merge Just staking ether on Lido is paying out 10% annualized, while a more elaborate move bumps yield to as much as 25%. [Ether Staking Yields Jump Up to 25%; All-Time High Since Merge](https://www.coindesk.com/markets/2022/11/17/ether-staking-yields-jump-up-to-25-all-time-high-since-merge/) Just staking ether on Lido is paying out 10% annualized, while a more elaborate move bumps yield to as much as 25%.
Phaver has the most convenient ui and high-quality contents among the crypto sns apps I have ever used. It would be a great honor if I became a Phaver frens. Depending on the quality of the writing, the writer is rewarded, so users will try to write better. This advantage will make phaver grow more, and this growth will accelerate. And I also want to be with you in this growth😁
Phaver has the most convenient ui and high-quality contents among the crypto sns apps I have ever used. It would be a great honor if I became a Phaver frens. Depending on the quality of the writing, the writer is rewarded, so users will try to write better. This advantage will make phaver grow more, and this growth will accelerate. And I also want to be with you in this growth😁
Australian Securities Exchange Cancels Blockchain-Based Clearing System at $168M Cost The ASX said the decision has been taken "in light of the solution uncertainty." [Australian Securities Exchange Cancels Blockchain-Based Clearing System at $168M Cost](https://www.coindesk.com/business/2022/11/17/australian-securities-exchange-cancels-blockchain-based-clearing-system-at-168m-cost/) The ASX said the decision has been taken "in light of the solution uncertainty."
FTX Exploiter Swaps Thousands of Stolen BNB Crypto Tokens Into Ether, BUSD The attacker appears to convert the illicitly gained funds around the same time every day. [FTX Exploiter Swaps Thousands of Stolen BNB Crypto Tokens Into Ether, BUSD](https://www.coindesk.com/tech/2022/11/17/ftx-exploiter-swaps-thousands-of-stolen-bnb-crypto-tokens-into-ether-busd/) The attacker appears to convert the illicitly gained funds around the same time every day.
Wells Fargo, HSBC Add Offshore Yuan to Blockchain Foreign-Exchange System The banking giants have settled over $200 billion in transactions using the blockchain-based system. [Wells Fargo, HSBC Add Offshore Yuan to Blockchain Foreign-Exchange System](https://www.coindesk.com/business/2022/11/17/wells-fargo-hsbc-add-offshore-yuan-to-blockchain-foreign-exchange-system/) The banking giants have settled over $200 billion in transactions using the blockchain-based system.
US Crypto Investors Sue FTX’s Sam Bankman-Fried, Company’s Celebrity Endorsers The plaintiffs in a class-action suit claim that the heavily-marketed FTX yield-bearing crypto accounts were actually a Ponzi scheme. [US Crypto Investors Sue FTX’s Sam Bankman-Fried, Company’s Celebrity Endorsers](https://www.coindesk.com/business/2022/11/16/us-crypto-investors-sue-ftxs-sam-bankman-fried-companys-celebrity-endorsers/) The plaintiffs in a class-action suit claim that the heavily-marketed FTX yield-bearing crypto accounts were actually a Ponzi scheme.
DAO Legal Reforms in Spotlight as UK Law Commission Seeks Views A consultation published today looks at issues like governance, structure, money laundering and taxes [DAO Legal Reforms in Spotlight as UK Law Commission Seeks Views](https://www.coindesk.com/policy/2022/11/16/dao-legal-reforms-in-spotlight-as-uk-law-commission-seeks-views/) A consultation published today looks at issues like governance, structure, money laundering and taxes
Top House Committee to Hold Hearing into FTX Collapse The House Financial Services Committee plans to hear from FTX and related entities during a hearing next month. [Top House Committee to Hold Hearing into FTX Collapse](https://www.coindesk.com/policy/2022/11/16/top-house-committee-to-hold-hearing-into-ftx-collapse/) The House Financial Services Committee plans to hear from FTX and related entities during a hearing next month.
Singapore-Based Crypto Exchange Bitget Opens Operations in Brazil The company has integrated with the government’s payment system Pix and has started to allow crypto purchases with Brazilian reals. [Singapore-Based Crypto Exchange Bitget Opens Operations in Brazil](https://www.coindesk.com/business/2022/11/16/singapore-based-crypto-exchange-bitget-opens-operations-in-brazil/) The company has integrated with the government’s payment system Pix and has started to allow crypto purchases with Brazilian reals.
Bitcoin Cash Could Be Legal Tender in St. Kitts by March, Prime Minister Says The Caribbean nation could join El Salvador and the Central African Republic in backing crypto. [Bitcoin Cash Could Be Legal Tender in St. Kitts by March, Prime Minister Says](https://www.coindesk.com/policy/2022/11/14/bitcoin-cash-could-be-legal-tender-in-st-kitts-by-march-prime-minister-says/) The Caribbean nation could join El Salvador and the Central African Republic in backing crypto.
Goldman Cuts Coinbase Price Target to $41, Says Exchange is Fairly Insulated From FTX Collapse Goldman maintained a sell rating on COIN, revising lower its 12-month price forecast to $41 from $49. [Goldman Cuts Coinbase Price Target to $41, Says Exchange is Fairly Insulated From FTX Collapse](https://www.coindesk.com/markets/2022/11/14/goldman-cuts-coinbase-price-target-to-41-says-exchange-is-fairly-insulated-from-ftx-collapse/) Goldman maintained a sell rating on COIN, revising lower its 12-month price forecast to $41 from $49.
Hong Kong Crypto Platform Hbit's $18.1M Stuck in FTX In an announcement to shareholders on Monday, New Huo Technologies Holdings Limited, said regarding its subsidiary, that $13.2 million of the money belonged to clients, while, $4.9 million were Hbit assets. [Hong Kong Crypto Platform Hbit's $18.1M Stuck in FTX](https://www.coindesk.com/business/2022/11/14/hong-kong-crypto-platform-hbits-181m-stuck-in-ftx/) In an announcement to shareholders on Monday, New Huo Technologies Holdings Limited, said regarding its subsidiary, that $13.2 million of the money belonged to clients, while, $4.9 million were Hbit assets.
There Was No Cause to Add FTX to Investor Alert List Before Collapse, Singapore's MAS Says The Monetary Authority of Singapore told CoinDesk it was not possible to prevent Singapore users from directly accessing overseas service providers, and warned regulations don’t protect against risky speculative trades. [There Was No Cause to Add FTX to Investor Alert List Before Collapse, Singapore's MAS Says](https://www.coindesk.com/policy/2022/11/14/there-was-no-cause-to-add-ftx-to-investor-alert-list-before-collapse-singapores-mas-says/) The Monetary Authority of Singapore told CoinDesk it was not possible to prevent Singapore users from directly accessing overseas service providers, and warned regulations don’t protect against risky speculative trades.
FTX Collapse Exposed 'Weaknesses' in Crypto, Janet Yellen Says: Report The U.S. Treasury Secretary said the crypto sector is in need of "very careful regulation" while some lawmakers are already preparing to propose tougher rules. [FTX Collapse Exposed 'Weaknesses' in Crypto, Janet Yellen Says: Report](https://www.coindesk.com/policy/2022/11/14/ftx-collapse-exposed-weaknesses-in-crypto-janet-yellen-says-report/) The U.S. Treasury Secretary said the crypto sector is in need of "very careful regulation" while some lawmakers are already preparing to propose tougher rules.
Binance CEO Says Why You Should Avoid Exchanges That Do This Changpeng Zhao, Binance CEO and a person who is now considered one of the most influential personas in the whole industry, highlighted one important fact that cryptocurrency exchange users should see as a red flag. [Binance CEO Says Why You Should Avoid Exchanges That Do This](https://cryptonews.net/news/market/16050679/) Changpeng Zhao, Binance CEO and a person who is now considered one of the most influential personas in the whole industry, highlighted one important fact that cryptocurrency exchange
Hong Kong to avoid FTX-like scenario through transparency and supervision Just days after Binance CEO Changpeng “CZ” Zhao warned about the onset of greater regulatory scrutiny amid the FTX collapse, the Financial Secretary of Hong Kong called for a stronger focus on transparency and proper supervision when dealing with virtual assets. [Hong Kong to avoid FTX-like scenario through transparency and supervision](https://cryptonews.net/news/finance/16052213/) Just days after Binance CEO Changpeng “CZ” Zhao warned about the onset of greater regulatory scrutiny amid the FTX collapse, the Financial Secretary of Hong Kong called for a stronger
Dogecoin Creator Explains What He Hates About Industry and Why He Created DOGE The creator of the biggest memecoin on the market has once again reminded his subscribers why he created Dogecoin and what he thinks of the whole FTX situation that caused yet another crash on the market. [Dogecoin Creator Explains What He Hates About Industry and Why He Created DOGE](https://cryptonews.net/news/altcoins/16051835/) The creator of the biggest memecoin on the market has once again reminded his subscribers why he created Dogecoin and what he thinks of the whole FTX situation that caused yet another
Huobi Asset Transparency Report Reveals $3.5B in Crypto Holdings Huobi held $900 million worth of its own HT token as of Nov. 12. The exchange has promised to perform a Merkle Tree Proof of Reserves audit with a third party within 30 days. [Huobi Asset Transparency Report Reveals $3.5B in Crypto Holdings](https://www.coindesk.com/markets/2022/11/13/huobi-publishes-asset-transparency-report-revealing-35b-in-crypto-asset-holdings/) Huobi held $900 million worth of its own HT token as of Nov. 12. The exchange has promised to perform a Merkle Tree Proof of Reserves audit with a third party within 30 days.
Binance, Huobi Block FTT Deposits After $400M Worth of Tokens Illicitly Released The tokens were illicitly released from FTT’s main deployer address. [Binance, Huobi Block FTT Deposits After $400M Worth of Tokens Illicitly Released](https://www.coindesk.com/business/2022/11/13/binance-huobi-block-ftt-deposits-after-420m-worth-of-tokens-illicitly-released/) The tokens were illicitly released from FTT’s main deployer address.
FTX CEO John Ray Confirms Late-Night Hack, Says Company Is Working With Law Enforcement Ray said FTX and FTX US are making “every effort to secure all assets, wherever located.” Read more👇 [FTX CEO John Ray Confirms Late-Night Hack, Says Company Is Working With Law Enforcement](https://www.coindesk.com/policy/2022/11/12/ftx-ceo-john-ray-confirms-late-night-hack-says-company-is-working-with-law-enforcement/) Ray said FTX and FTX US are making “every effort to secure all assets, wherever located.”
Bahamas Securities Regulator Says It Didn't Order FTX to Reopen Local Withdrawals FTX said last week it had allowed Bahamas-based customers to withdraw funds at its regulators' request. Read more👇 [Bahamas Securities Regulator Says It Didn't Order FTX to Reopen Local Withdrawals](https://www.coindesk.com/policy/2022/11/13/bahamas-securities-regulator-says-it-didnt-order-ftx-to-reopen-local-withdrawals/) FTX said last week it had allowed Bahamas-based customers to withdraw funds at its regulators' request.
FTX Hack Sparks Revolution at Serum DEX as Solana Devs Plot Alameda's Ouster Developers are scrambling to create a new version of the on-chain liquidity hub that has no ties to Sam Bankman-Fried’s burning empire. Read more👇 [FTX Hack Sparks Revolution at Serum DEX as Solana Devs Plot Alameda's Ouster](https://www.coindesk.com/business/2022/11/12/ftx-hack-spooks-solana-defi-community-igniting-revolution-at-alameda-controlled-serum-dex/) Developers are scrambling to create a new version of the on-chain liquidity hub that has no ties to Sam Bankman-Fried’s burning empire.
Solana’s Wrapped Bitcoin Price Craters, Recovers After FTX Shuts Exit Ramp FTX filed for bankruptcy and FTX US later froze withdrawals, before reversing course. Read more👇 [Solana’s Wrapped Bitcoin Price Craters, Recovers After FTX Shuts Exit Ramp](https://www.coindesk.com/business/2022/11/11/solanas-wrapped-bitcoin-price-craters-after-ftx-shuts-exit-ramp/) FTX filed for bankruptcy and FTX US later froze withdrawals, before reversing course.
The Epic Collapse of Sam Bankman-Fried's FTX Exchange: A Crypto Markets Timeline Tracing the CoinDesk Market Index (CMI) through key news developments in the swift unraveling of billionaire Sam Bankman-Fried's crypto empire shows just how quickly the speculation kept shifting. [The Epic Collapse of Sam Bankman-Fried's FTX Exchange: A Crypto Markets Timeline](https://www.coindesk.com/markets/2022/11/12/the-epic-collapse-of-sam-bankman-frieds-ftx-exchange-a-crypto-markets-timeline/) Tracing the CoinDesk Market Index (CMI) through key news developments in the swift unraveling of billionaire Sam Bankman-Fried's crypto empire shows just how quickly the speculation kept shifting.
For Coinbase, FTX’s Bankruptcy Has Its Pluses and Minuses FTX’s collapse may turn off some investors from putting money into crypto altogether, but it could be an opportunity for Coinbase to pick up market share. [For Coinbase, FTX’s Bankruptcy Has Its Pluses and Minuses](https://www.coindesk.com/business/2022/11/12/for-coinbase-ftxs-bankruptcy-has-its-pluses-and-minuses/) FTX’s collapse may turn off some investors from putting money into crypto altogether, but it could be an opportunity for Coinbase to pick up market share.
Elon Musk Reveals Talks With Sam Bankman-Fried: 'My Bullshit Meter Was Redlining‘ “Everyone was talking about him like he’s walking on water and has a zillion dollars,” Musk said of the now-disgraced Bankman-Fried. “And that [was] not my impression.” [Elon Musk Reveals Talks With Sam Bankman-Fried: 'My Bullshit Meter Was Redlining'](https://www.coindesk.com/business/2022/11/12/elon-musk-reveals-talks-with-sam-bankman-fried-my-bullshit-meter-was-redlining/) “Everyone was talking about him like he’s walking on water and has a zillion dollars,” Musk said of the now-disgraced Bankman-Fried. “And that [was] not my impression.”
Breaking FTX's Regional Crypto Exchanges Slowly Reopen Withdrawals The exchange's Japan and Turkey subsidiaries are slowly allowing customers to withdraw small amounts to their bank accounts. [FTX's Regional Crypto Exchanges Slowly Reopen Withdrawals](https://www.coindesk.com/policy/2022/11/11/ftxs-regional-crypto-exchanges-slowly-reopen-withdrawals/) The exchange's Japan and Turkey subsidiaries are slowly allowing customers to withdraw small amounts to their bank accounts.
Crypto Lender BlockFi Pauses Withdrawals in Wake of FTX Collapse BlockFi had made a deal with FTX earlier this year. Crypto lender BlockFi said it could not conduct business as normal and would be limiting activity in the wake of FTX's collapse. [Crypto Lender BlockFi Pauses Withdrawals in Wake of FTX Collapse](https://www.coindesk.com/business/2022/11/10/crypto-lender-blockfi-pauses-withdrawals-in-wake-of-ftx-collapse/) BlockFi had made a deal with FTX earlier this year.
FTX's 'Effective Altruism' Future Fund Team Resigns In an open letter, the team said that they were unable to perform their work or process grants and have "fundamental questions" about the legitimacy and integrity of business operations. [FTX's 'Effective Altruism' Future Fund Team Resigns](https://www.coindesk.com/business/2022/11/10/ftxs-effective-altruism-future-fund-team-resigns/) In an open letter, the team said that they were unable to perform their work or process grants and have "fundamental questions" about the legitimacy and integrity of business operations.
First Mover Asia: Possible Legal Filings Could Clarify FTX’s Relationship to Alameda; Bitcoin Hovers Near $17K Possible legal filings could show how intertwined FTX and its sister company were, even as CEO Sam Bankman-Fried follows through on his promise to shutter Alameda. Read more👇 [First Mover Asia: Possible Legal Filings Could Clarify FTX’s Relationship to Alameda; Bitcoin Hovers Near $17K](https://www.coindesk.com/markets/2022/11/10/first-mover-asia-possible-legal-filings-could-clarify-ftxs-relationship-to-alameda-bitcoin-hovers-near-17k/) Possible legal filings could show how intertwined FTX and its sister company were, even as CEO Sam Bankman-Fried follows through on his promise to shutter Alameda.
FTX Assets Frozen by Bahamian Regulator The Bahamas Securities Commission said it was a “prudent course of action” to “preserve assets and stabilize the company.” Read more👇 [FTX Assets Frozen by Bahamian Regulator](https://www.coindesk.com/business/2022/11/10/ftx-digital-markets-assets-frozen-by-bahamian-regulator-bloomberg/) The Bahamas Securities Commission said it was a “prudent course of action” to “preserve assets and stabilize the company.”
Crypto Conglomerates Require 'Urgent Regulatory Attention,' European Watchdogs Say The collapse of crypto exchange FTX and resulting turmoil are drawing concern from financial stability guardians. Read more👇 [Crypto Conglomerates Require 'Urgent Regulatory Attention,' European Watchdogs Say](https://www.coindesk.com/policy/2022/11/10/crypto-conglomerates-require-urgent-regulatory-attention-european-watchdogs-say/) The collapse of crypto exchange FTX and resulting turmoil are drawing concern from financial stability guardians.
FTX US Resigns From the Crypto Council for Innovation The US subsidiary of failing crypto exchange FTX has resigned from the prominent crypto trade association. Read more👇 [FTX US Resigns From the Crypto Council for Innovation](https://www.coindesk.com/policy/2022/11/10/ftx-us-resigns-from-the-crypto-council-for-innovation/) The US subsidiary of failing crypto exchange FTX has resigned from the prominent crypto trade association.
FTX Violated Its Own Terms of Service and Misused User Funds, Lawyers Say Although the crypto exchange's terms of service prevented it from using customer assets, lawyers suggest FTX's swift downfall indicates the funds were misused. Live news! Read here [FTX Violated Its Own Terms of Service and Misused User Funds, Lawyers Say](https://www.coindesk.com/policy/2022/11/10/ftx-violated-its-own-terms-of-service-and-misused-user-funds-lawyers-say/) Although the crypto exchange's terms of service prevented it from using customer assets, lawyers suggest FTX's swift downfall indicates the funds were misused.
FTX Balances Tumbled 87% in 5 Days in Epic Crypto Deposit Run, Data Shows A glance at data from Arkham Intelligence shows the behind-the-scenes operational reality that drove billionaire Sam Bankman-Fried's beleaguered FTX exchange to order a withdrawal halt this week. Read here [FTX Balances Tumbled 87% in 5 Days in Epic Crypto Deposit Run, Data Shows](https://www.coindesk.com/markets/2022/11/10/ftx-balances-tumbled-87-in-5-days-in-epic-crypto-deposit-run-data-shows/) A glance at data from Arkham Intelligence shows the behind-the-scenes operational reality that drove billionaire Sam Bankman-Fried's beleaguered FTX exchange to order a withdrawal halt this week.
Crypto Exchange FTX Reopens Withdrawals: Nansen Let's goooooo [Crypto Exchange FTX Reopens Withdrawals: Nansen](https://www.coindesk.com/business/2022/11/10/crypto-exchange-ftx-reopens-withdrawals-nansen/) Several users have been able to withdraw crypto for the first time in days.
blockbuster
Thank you sbf🙁
Michael Novogratz Tells CNBC He Does Not Except to Recover $77M Exposure Linked to FTX Michael Novogratz👨‍🦲 : the CEO of crypto-focused financial-services firm Galaxy Digital (GLXY) [Michael Novogratz Tells CNBC He Does Not Except to Recover $77M Exposure Linked to FTX](https://www.coindesk.com/business/2022/11/10/michael-novogratz-tells-cnbc-he-does-not-except-to-recover-77m-exposure-linked-to-ftx/) The comments come a day after the firm revealed the exposure in its quarterly earnings.
Give me my money back😭
FTX Has Made $34M in Trading Fees Since Recent FTT Token Burn Despite Withdrawal Freeze Fee is burning🔥 [FTX Has Made $34M in Trading Fees Since Recent FTT Token Burn Despite Withdrawal Freeze](https://www.coindesk.com/business/2022/11/10/ftx-has-made-34m-in-trading-fees-since-recent-ftt-token-burn-despite-withdrawal-freeze/) FTX did not report the recent token burn, which was scheduled on Nov. 7.