Weekly Briefing: FTX customers may get full payout thanks to Google & Amazon
<div class="ml-rte-text"></div> <div class="ml-rte-text"><strong>Hello CryptoBriefers!</strong></div> <div class="ml-rte-text"> <p style="margin-top: 15px;">Here are the biggest headlines from this week.</p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;">The big tech race to seize the AI market could rocket FTX’s AI investments and provide sufficient funds to make customers whole.</p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;">As the SBF trial kicked off this week, his co-founder took the stand to reveal details about the commingling of customer deposits carried out by SBF's associates.</p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;">After a muted debut of Ethereum futures ETFs, crypto analysts suggest rotating into Bitcoin.</p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;">Let's get right to it.</p> <span style="color: #ffffff;">a</span> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><strong>Today's Newsletter</strong></p> </div> <div class="ml-rte-text"> <ul> <li>FTX customers may get full payout thanks to Google & Amazon.</li> <li>FTC CTO testifies against SBF, admits Alameda used customer funds.</li> <li>Time to rotate back from Ethereum to Bitcoin says new research report.<span style="color: #ffffff;">a</span></li> </ul> </div> <div class="ml-rte-text"> <span style="color: #ffffff;">a</span> <h2 style="margin-top: 15px;"><span style="font-size: 28px; margin-top: 15px;" data-redactor-span="true" data-redactor-style-cache="font-size: 28px; display: block; margin-top: 15px;"><strong>Markets</strong></span></h2> </div> <table id="tableBlock-40" role="presentation" border="0" width="100%" cellspacing="0" cellpadding="0" align="center"> <tbody> <tr> <td class="ml-rte-table" style="padding: 0 0 20px 0;" align="center"> <div class="table-responsive" style="width: 100%;"> <table class="mlContentTable" style="border-collapse: collapse; border: 1px solid #eeeeee;" role="presentation" border="1" width="100%" cellspacing="0" cellpadding="0" align="center" bgcolor="#FFFFFF"> <tbody> <tr> <th style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" align="left" valign="middle" bgcolor="#FFFFFF"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0;">Ticker</p> </th> <th style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" align="left" valign="middle" bgcolor="#FFFFFF"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;">24hr</p> </th> <th style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" align="left" valign="middle" bgcolor="#FFFFFF"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;">7d</p> </th> </tr> <tr class=""> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0;">Bitcoin</p> </td> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;"><span style="color: #008000;">1.5%</span></p> </td> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;"><span style="color: #008000;">3.9%</span></p> </td> </tr> <tr class=""> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0;">Ethereum</p> </td> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;"><span style="color: #008000;">1.8%</span></p> </td> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;"><span style="color: #993300;">-1%</span></p> </td> </tr> <tr class=""> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0;">L1s</p> </td> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;"><span style="color: #008000;">0.5%</span></p> </td> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;"><span style="color: #008000;">2.4%</span></p> </td> </tr> <tr class=""> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0;">L2s</p> </td> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;"><span style="color: #993300;">-0.1%</span></p> </td> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;"><span style="color: #28a745;">5.3%</span></p> </td> </tr> <tr class=""> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0;">DeFi</p> </td> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;"><span style="color: #008000;">0.1%</span></p> </td> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;"><span style="color: #993300;">-0.4%</span></p> </td> </tr> <tr class=""> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0;">Fear & Greed Index</p> </td> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;">Neutral (50)</p> </td> <td style="padding: 10px 20px; padding-top: 10; padding-bottom: 10; border-color: #eeeeee;" width="33.333333333333336%"> <p style="font-family: Arial, Helvetica, sans-serif; color: #000000; font-size: 14px; margin: 0; text-align: center;">Neutral (48)</p> </td> </tr> </tbody> </table> </div></td> </tr> </tbody> </table> <div class="ml-rte-text"> <p style="text-align: right;" data-redactor-style-cache="text-align: right;"><span style="color: #808080;" data-redactor-span="true" data-redactor-style-cache="color: rgb(127, 140, 141);"><span style="font-size: 12px;" data-redactor-span="true" data-redactor-style-cache="font-size: 12px;">Data powered by CoinGecko.</span></span></p> </div> <div class="ml-rte-text"> <span style="color: #ffffff;">a</span> <h2 style="margin-top: 15px;"><strong><span style="font-size: 28px; margin-top: 15px;" data-redactor-span="true" data-redactor-style-cache="font-size: 28px; display: block; margin-top: 15px;">Top Stories</span></strong></h2> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><span style="font-size: 12px; margin-top: 15px; color: #808080;">EXCHANGES</span></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><b><span style="font-size: 20px;">FTX customers may get full payout thanks to Google & Amazon</span></b></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;">FTX's early investment in AI startup Anthropic may allow FTX customers to eventually recover lost funds.</p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;">With Google and Amazon now investing billions in Anthropic amid the AI gold rush, FTX's stake could be worth up to $4.5 billion. [<span class="ml-rte-link-wrapper"><a style="color: #000000; text-decoration: none;" href="https://cryptobriefing.com/ftx-customers-full-payout-thanks-google-amazon/" data-link-id="101318891948475431"><u>link</u></a></span>]</p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><span style="color: #7f8c8d;"><span style="font-size: 12.000001px;">EXCHANGES</span></span></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><strong><span style="font-size: 20px;">FTX CTO testifies against SBF, admits Alameda used customer funds</span></strong></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;">Former FTX CTO Gary Wang testified against Sam Bankman-Fried, admitting he helped enable Alameda Research to secretly access FTX customer deposits.</p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;">Wang's confession supports prosecutors' charges that SBF misused billions in client money to support Alameda's trading. <a style="color: #000000; text-decoration: none;" title="Remove">[</a><a style="color: #000000; text-decoration: none;" href="https://cryptobriefing.com/ftx-cto-admits-alameda-access-customer-deposits/" data-link-id="101318891953718312"><u>link</u></a>]</p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><span style="font-size: 12px; color: #808080;"> MARKETS</span></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><span style="font-size: 20px;"><b>Time to rotate back from Ethereum to Bitcoin says new research report</b></span></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;">A new report from K33 Research recommends rotating from Ethereum into Bitcoin after the recent Ether futures ETF launch saw weak trading volumes.</p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;">With institutions not yet demonstrating major unsatiated demand for Ethereum, the report suggests reducing elevated ETH exposures and rotating back into BTC until broader sentiment improves. [<u><a style="color: #000000; text-decoration: none;" href="https://cryptobriefing.com/rotate-from-ethereum-to-bitcoin-k33/" data-link-id="101318891963155499"><u>link</u></a></u>]</p> <span style="color: #ffffff;">a</span> </div> <div class="ml-rte-text"> <h2 style="margin-top: 15px;"><strong><span style="font-size: 28px; margin-top: 15px;" data-redactor-span="true" data-redactor-style-cache="font-size: 28px; display: block; margin-top: 15px;">Other News</span></strong></h2> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><span class="ml-rte-link-wrapper"><a style="color: #000000; text-decoration: none;" href="https://cryptobriefing.com/ftx-hackers-move-millions-bitcoin-after-thorswap-halt/" data-link-id="101318891980981294"><u>FTX hackers move $124 million to Bitcoin after THORSwap halt.</u></a></span></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><u><span class="ml-rte-link-wrapper"><u><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><u><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><u><a style="color: #000000; text-decoration: none;" href="https://decrypt.co/200129/ex-blackrock-director-says-sec-will-approve-bitcoin-etf-3-6-months" data-link-id="101318891985175599">Ex-BlackRock Director says SEC will approve a Bitcoin ETF in '3 to 6 months'. [decrypt]</a></u></span> </span></span></span></span></u></span></span></span></u></span></u></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><u><span class="ml-rte-link-wrapper"><u><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><u><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><u><a style="color: #000000; text-decoration: none;" href="https://cryptobriefing.com/ftx-fired-exec-exposing-alamedas-backdoor/" data-link-id="101318891989369904">FTX fired exec who exposed Alameda's secret backdoor.</a></u></span></span></span></u></span></span></span></u></span></u></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><u><span class="ml-rte-link-wrapper"><u><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><u><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><a style="color: #000000; text-decoration: none;" href="https://www.theblock.co/post/255116/jpmorgan-ethereum-more-centralized-staking" data-link-id="101318891993564209"><u>JPMorgan says Ethereum has become 'more centralized' with staking surge. [theblock]</u></a></span> </span></span></span></span></span></span></u></span></span></span></u></span></u></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><u><span class="ml-rte-link-wrapper"><u><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><u><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><u><a style="color: #000000; text-decoration: none;" href="https://cointelegraph.com/news/alameda-sent-4-billion-dollar-ftt-tokens-to-ftx-nansen-report" data-link-id="101318891997758514">Alameda sent $4.1B of FTT tokens to FTX before crash: Nansen report. [cointelegraph]</a></u></span> </span></span></span></span></span></span></u></span></span></span></u></span></u></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"><u><span class="ml-rte-link-wrapper"><u><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><u><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper"><span class="ml-rte-link-wrapper">R<span class="ml-rte-link-wrapper"><u><a style="color: #000000; text-decoration: none;" href="https://cryptobriefing.com/ripple-secures-payments-singapore-apac/" data-link-id="101318892005098547">ipple secures crypto payments license in Singapore, eyes APAC growth</a></u></span> </span></span></span></u></span></span></span></u></span></u></p> </div> <div class="ml-rte-text"> <p style="margin-top: 15px;"></p> </div>
Powered by Gloria
Here are the biggest headlines from this week.
The big tech race to seize the AI market could rocket FTX’s AI investments and provide sufficient funds to make customers whole.
As the SBF trial kicked off this week, his co-founder took the stand to reveal details about the commingling of customer deposits carried out by SBF’s associates.
After a muted debut of Ethereum futures ETFs, crypto analysts suggest rotating into Bitcoin.
Let’s get right to it.
a
Today’s Newsletter
- FTX customers may get full payout thanks to Google & Amazon.
- FTC CTO testifies against SBF, admits Alameda used customer funds.
- Time to rotate back from Ethereum to Bitcoin says new research report.a
a
Markets
|
Data powered by CoinGecko.
a
Top Stories
EXCHANGES
FTX customers may get full payout thanks to Google & Amazon
FTX’s early investment in AI startup Anthropic may allow FTX customers to eventually recover lost funds.
With Google and Amazon now investing billions in Anthropic amid the AI gold rush, FTX’s stake could be worth up to $4.5 billion. [link]
EXCHANGES
FTX CTO testifies against SBF, admits Alameda used customer funds
Former FTX CTO Gary Wang testified against Sam Bankman-Fried, admitting he helped enable Alameda Research to secretly access FTX customer deposits.
Wang’s confession supports prosecutors’ charges that SBF misused billions in client money to support Alameda’s trading. [link]
MARKETS
Time to rotate back from Ethereum to Bitcoin says new research report
A new report from K33 Research recommends rotating from Ethereum into Bitcoin after the recent Ether futures ETF launch saw weak trading volumes.
With institutions not yet demonstrating major unsatiated demand for Ethereum, the report suggests reducing elevated ETH exposures and rotating back into BTC until broader sentiment improves. [link]
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Other News