Bitcoin24h $70,153.28+1.35%

Ethereum24h $2,083.01-0.17%

BNB24h $638.23-1.31%

XRP24h $1.43+0.35%

Solana24h $86.45-1.22%

TRON24h $0.2779-0.08%

Dogecoin24h $0.0964-1.74%

Bitcoin Cash24h $525.23-0.00%

Cardano24h $0.2695-0.80%

Hyperliquid24h $32.25+3.43%

CZ on brink of second bailout for crypto

Changpeng Zhao has announced that Binance Labs will be launching an industry recovery fund to stem the damage of the FTX collapse.

Explained: Crypto.com’s ongoing insolvency battle

As dominoes continue to fall amid the FTX collapse, some fear insolvency at Crypto.com or collapse of its Cronos blockchain.

The Bahamas’ Security Commission froze FTX International’s assets yesterday while insisting that Bahamian accounts be able to withdraw funds.

Crypto exchanges FTX and FTX US, trading firm Alameda Research, and over 100 related entities have declared Chapter 11 bankruptcy.

Ackman praised FTX chief Sam Bankman-Fried for his “accountability” on Twitter… then quickly deleted the tweet.