Bitcoin24h $78,976.30-4.68%

Ethereum24h $2,427.04-8.01%

BNB24h $778.90-6.84%

XRP24h $1.66-2.22%

Solana24h $105.48-9.19%

TRON24h $0.2862-1.46%

Dogecoin24h $0.1060-5.20%

Cardano24h $0.2963-4.77%

Bitcoin Cash24h $529.46-1.13%

Hyperliquid24h $31.37+4.12%

Pressured bitcoin miners can’t sell the dip fast enough

Bitcoin miners’ revenue is sitting at around $13.53 million every day but they’re being forced to sell more than they mine to cover costs.

FTX owes $3B to 50 creditors including Genesis and BlockFi

According to filings, FTX owes at least $100 million to each of its 10 biggest creditors with the top 50 owed upwards of $20 million.

Barry Silbert’s Genesis has given very mixed messages since FTX’s collapse, assuring all is well as things fall apart.

Celsius Custody didn’t appropriately segregate or track customers’ assets, instead relying on ad-hoc transfers to maintain appearances.