Crypto experienced one of its worst days ever on Wednesday in the wake of the stunning collapse of the FTX exchange, a platform once hailed as one of crypto’s foremost success stories.FTX faces ...
Sequoia Capital says it’s marking its investment in FTX down to $0 as a liquidity crunch threatens to put the crypto exchange into bankruptcy
Sequoia wrote to its investors after Binance U-turned on acquiring FTX, citing issues "beyond our control or ability to help." ...
Binance backs out of FTX rescue, leaving the crypto exchange on the brink of collapse
The reversal comes one day after Binance CEO Changpeng Zhao announced that the world’s largest cryptocurrency firm had reached a non-binding deal to buy FTX’s non-U.S. businesses for an undisclosed ...
Japanese shares fall on sell-off after disappointing forecasts by heavyweights
Japanese shares fell on Thursday, tracking Wall Street losses overnight, as heavyweights Honda Motor and Sumitomo Rubber dropped on disappointing forecasts. The Nikkei lost 0.98% to close at 27,446.10 ...
Disney+ makes gains in Japan by banking on anime, echoing its competitors
However, a bright spot for its namesake streaming service was its share of the Japan market, where it muscled into third place, knocking out Nippon TV’s Hulu. Amazon Prime Video boasts around 16.5 ...
Nikkei, Hang Seng falls over 1% ahead of US CPI data, crypto worries mount
MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.6 percent in early trade, dragged lower by outsized declines in China's bluechips and Hong Kong's Hang Seng index.
Asian Stocks to Fall Amid Crypto Slump, Before CPI: Markets Wrap
Equity futures in Japan and China declined while Australian stocks fell. The S&P 500 slumped, ending a three-day advance. Earnings from Walt Disney Co. and News Corp. disappointed. The dollar held ...
Japan’s Nikkei retreats from two-month high as Nintendo, energy stocks weigh
Japan's Nikkei closed lower on Wednesday, after hitting a near two-month high in the last session, as Nintendo dropped on poor earnings, with cautious investors now awaiting U.S. inflation data to ...
Asia-Pacific markets set to fall ahead of U.S. inflation data
Shares in the Asia-Pacific are poised to fall Thursday ahead of U.S. CPI data and a day after U.S. midterm results.
Is This Crypto’s Lehman Moment?
But within the crypto world, it is already being referred to as the industry’s “Lehman moment” — a reference to the 2008 collapse of Lehman Brothers, which set off a global financial panic and made it ...
Fall of a Crypto Titan Puts an Industry on Edge
The rapid collapse of the cryptocurrency exchange built by the billionaire Sam Bankman-Fried suggests that no company in the freewheeling, loosely regulated crypto industry is safe.
Crypto’s white knight lost 94% of his wealth in a single day
Fried, the crypto entrepreneur known for providing a financial lifeline to struggling firms in the industry, is now in need of a bailout himself.
FTX’s collapse has thrown the crypto lobby a curve
Sam Bankman-Fried was angling to be a major player in Washington. Now his firm and his reputation are in tatters, and even crypto’s D.C. allies are asking questions.
Binance ditches deal to rescue rival crypto exchange FTX
We’ll send you a myFT Daily Digest email rounding up the latest FTX Trading Ltd news every morning. Binance will abandon its deal to rescue Sam Bankman-Fried’s FTX cryptocurrency exchange, citing ...
“Big Short” Michael Burry Says Crypto Crash Has One Reason
The legendary investor is not surprised by the recent crash in the cryptocurrency market.Investor Michael Burry has built his reputation by being skeptical of financial assets and products that arouse ...
BREAKING: crypto
We have seen over the last several years that the crypto ecosystem is becoming more resilient and we believe in time that outliers that misuse user funds will be weeded out by the free market. As ...