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The Latest Breaking News from FTX

Cryptocurrency FTX's Price Increased More Than 4% Within 24 hours

FTX's (CRYPTO: FTT) price has increased 4.74% over the past 24 hours to $25.68. Over the past week, FTT has experienced an uptick of over 2.0%, moving from $25.04 to its current price. As it stands right now, the coin's all-time high is $84.18.

Benzinga

Benzinga Before The Bell: FDA Temporarily Suspends Juul Ban, FTX Wants Bitcoin Derivatives, Voyager Digital Files For Chapter 11 Bankruptcy And Other Top Financial Stories Wednesday, July 6

CNBC Ben & Jerry’s Sues Parent Unilever On Israeli business Sale

Benzinga

Cryptocurrency Exchange FTX Seeks Approval For Crypto Derivatives, Rivals Object: WSJ

Wall Street Journal reports that the FTX is seeking regulators to allow investors to use derivatives to place leveraged bets on b

Benzinga

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FTX Bails Out BlockFi, Has Option To Purchase For Up To $240 Million: What You Need To Know

After numerous days of conflicting reports leaving BlockFi investors and crypto watchers on edge, company CEO Zac Prince took to Twitter on Friday to announce that FTX signed a deal to bail out the embattled crypto firm.

Benzinga

Benzinga Before The Bell: Kohl's Deal Talks Cancellation, Tesla's Racial Discrimination Lawsuit, Nio's Strong June Deliveries And Other Top Financial Stories Friday, July 1

CNBC Why Kohl’s Shares Are Plunging Today

Benzinga

Crypto Lender Celsius Exploring All Options After FTX Rejects Acquisition Deal

Celsius, the disaster-stricken cryptocurrency lender, has assured its community that it was exploring all the options available to stabilize liquidity and operations.

Benzinga

FTX Reportedly Shopping BlockFi At 99.5% Discount, CEO Shoots Down $25M Figure

Imagine it is March 2021, and you’re leading a funding round where you’ve raised $350 million at a $3-billion valuation. Now it’s July 2021, and you’re to raise $500 million at an almost $5 billion valuation.

Benzinga

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The crypto bear: The bad, the ugly and no-good

This crypto boom, unlike the last, was marked by debt — that is a greed problem, not a blockchain one.

Axios

Sam Bankman-Fried's FTX Isn't Taking Bad Debt: Walks Away From Celsius Acquisition

FTX CEO Sam Bankman-Fried is taking a bullish stance amid the “great depression” of cryptocurrency. Instead of joining the list of peers hedging losses by slashing workforces by upwards of 20%, FTX is on a mergers and acquisitions tear, acquiring three firms this year alone.

Benzinga

Amid 'Existential Priority,' Coinbase Seeks To Accelerate Europe Expansion

San Francisco-based cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) is reportedly doubling down on its overseas expansion, registering in markets including Italy, Spa

Benzinga

Cryptocurrency FTX Decreases More Than 5% Within 24 hours

Over the past 24 hours, FTX's (CRYPTO: FTT) price has fallen 5.45% to $24.87. This continues its negative trend over the past week where it has experienced a 3.0% loss, moving from $25.66 to its current price.

Benzinga

Why Is Dogecoin Slumping Today?

Dogecoin (CRYPTO: DOGE) traded 8.35% lower at $0.065 over 24 hours leading up to the early hours of Wednesday. The meme cryptocurrency declined along with the global cryptocurrency market cap, which fell 3.75% to $902.3 billion at press time.

Benzinga

Some Crypto Exchanges Are 'Secretly Insolvent' And 'Too Far Gone,' FTX Chief Tells Forbes

Sam Bankman-Fried, founder and CEO of crypto exchange FTX, warns that some cryptocurrency exchanges may already be insolvent and that failures are imminent.

Benzinga

$100 Invested In Robinhood Right Now Would Be Worth This Much If It Hits Same Level As At Height Of Dogecoin Mania

Robinhood Markets, Inc. (NASDAQ: HOOD) rallied strongly on Monday amid rumors that cryptocurrency exchange FTX could be eyeing acquiring the trading app.

Benzinga

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Benzinga

Robinhood Shares Pop On Takeover Talk, FTX CEO Has This To Say On M&A Chatter

Stock and cryptocurrency platform Robinhood Markets (NASDAQ: HOOD) saw shares surge Monday as it was reported the company could soon be acquired. Here’s the latest.

Benzinga

Why Coinbase Dipped Lower Following Robinhood Markets News

Coinbase Global Inc (NASDAQ: COIN) shares are trading lower by 10.99% to $55.82 Monday afternoon after Goldman Sachs downgraded the stock from Neutral to Sell and lowered its price target from $70 to $45. Weakness later in the day also came following a report FTX is said to be exploring a deal…

Benzinga

Report Of FTX's Interest In Robinhood Comes 1 Week After This Acquisition

FTX is seeking to acquire Robinhood Markets Inc (NASDAQ: HOOD), Bloomberg reported Monday.

Benzinga

Why Robinhood Markets Shares Are Popping Off Today

Robinhood Markets Inc (NASDAQ: HOOD) shares are trading higher by 14.19% to $9.14 Monday afternoon following a report that FTX is said to be exploring a deal for the company.

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Benzinga

Crypto Exchange FTX In Talks To Acquire Stake In BlockFi After Extending $250M Credit Line: Report

The Terra (CRYPTO: LUNA) crash caused the crypto market to plummet more than 67% from its all-time high, brought about individual investors to lose billions of dollars and triggered liquidations of crypto enterprises that could not repay overcollateralized margin loans.

Benzinga

A Crypto Phone? The Company Behind This Leading Cryptocurrency Is Launching One

Technology giants such as Apple Inc (NASDAQ: AAPL) and Samsung may have competition in the mobile phone market soon. A leading blockchain company announced a new mobile phone coming in 2023.

Benzinga

Cryptocurrency FTX Up More Than 6% In 24 hours

Over the past 24 hours, FTX's (CRYPTO: FTT) price has risen 6.9% to $27.56. This continues its positive trend over the past week where it has experienced a 17.0% gain, moving from $23.81 to its current price. As it stands right now, the coin's all-time high is $84.18.

Benzinga

FTX Bolsters Bid To Provide Trading 'That Spans All Asset Classes'

FTX US announced its acquisition of Embed Clearing, a specialist in white label brokerage experiences it provides to broker-dealers and registered investment advisors.

Benzinga

BlockFi Received A $250M Revolving Credit Facility From FTX: Here's How It Will Help

BlockFi, a crypto lending firm, has confirmed a $250 million credit facility from FTX (CRYPTO: FTT).

Benzinga

Coffee And Crypto: What's The Price Of Bitcoin Tuesday?

The worldwide cryptocurrency market capitalization Tuesday is at $921 billion, up from $892 billion on Friday afternoon. Following an announcement that it would cut staff by 20%, BlockFi said this morning that it signed a term agreement with crypto lender and platform FTX to secure a $250-million revolving credit facility.

Tribune News Service

Crypto-linked super PACs boost spending on primary races

WASHINGTON — Super PACs with ties to the cryptocurrency industry have spent at least $31.2 million in primary races ahead of this year’s midterms, with most of the money coming from a handful of executives at just one company.

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