Blockworks: News and insights about digital assets.

Headlines

The Historic Significance of Tether’s $16B ‘Bank Run’

By David Canellis / July 1, 2022, 6:15 pm EDT

Tether whales rushed to redeem $16 billion in USDT following the collapse of Terra’s algorithmic stablecoin, rivaling history’s largest bank runs

Grayscale Faces Uphill Battle With Lawsuit Against SEC

By Ben Strack / July 1, 2022, 5:49 pm EDT

Crypto industry watchers are unconvinced Grayscale can win its lawsuit to overturn the SEC’s decision on its spot bitcoin ETF

Featured

Markets

3AC Files for Bankruptcy as Co-Founders’ Location Unknown

By Shalini Nagarajan / July 2, 2022, 3:58 am EDT

Zhu Su and Kyle Davies location is unknown — they are rumored to have left Singapore, representatives for Three Arrows Capital (3AC) said

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Latest News

Markets

FTX Reaches Deal To Acquire BlockFi for up to $240M

By Bessie Liu / July 1, 2022, 5:05 pm EDT

The agreement will also give BlockFi a $400 million revolving credit facility

Regulation

Bitcoin Miner Greenidge Faces Setback as Regulator Denies Permit Application

By Jocelyn Yang / July 1, 2022, 4:46 pm EDT

The New York regulator said allowing Greenidge’s crypto mining operation could hinder the state’s efforts to meet its climate goals

Asset Management

Hacker Posed as Ankr Employee To Phish Polygon and Fantom Users

By Jack Kubinec / July 1, 2022, 3:34 pm EDT

The hacker tricked customer service for Ankr’s DNS provider into giving them access to Ankr’s domain registrar

Markets

Troubled Lender Babel Finance Reportedly Hires US Investment Bank Houlihan Lokey

By Ben Strack / July 1, 2022, 2:28 pm EDT

Reported engagement with the restructuring and merger and acquisition specialist follows liquidity issues at crypto lender Babel Finance

Is It Still Profitable? Bitcoin Mining Economics Explained

By John Gilbert / July 1, 2022, 3:04 pm EDT

Bitcoin mining is only profitable when mining costs are less than the value of BTC rewards and transaction fees

Events and Webinars

events

Digital Asset Summit 2022 | New York

Tuesday & Wednesday, September 13 & 14, 2022

Learn More

events

Digital Asset Summit 2022 | London

Monday & Tuesday, October 17 & 18, 2022

Learn More

webinars

Podcasts

Forward Guidance

Jack Farley interviews the brightest minds in finance about which asset classes they think will thrive in the financial future that they envision.

Empire

Hosted by Jason Yanowitz and Santiago Roel Santos, the Empire podcast is your look behind the curtain of the crypto industry.

What Bitcoin Did

A twice-weekly Bitcoin podcast where host Peter McCormack interviews experts in the world of Bitcoin.

On the Margin

On the Margin focuses on the emerging phenomenon of bitcoin from the perspective of Wall Street veterans.

The Meb Faber Show

The Meb Faber Show focuses on helping you grow and preserve your wealth.

Markets

Binance CEO Says It Had First Pick Over FTX in Recent Crypto Deals

By Bessie Liu / July 1, 2022, 1:43 pm EDT

Zhao says Binance is having acquisition conversations with more than 50 crypto companies

Markets

Latest in Crypto Hiring: Former Facebook, BNP Paribas Pros Join Space

By Ben Strack / July 1, 2022, 1:22 pm EDT

Citadel Securities reportedly names CEO for its planned crypto-focused platform

Asset Management

Interest Rate Swap Protocol Voltz Onboards Lido and Rocket

By Bessie Liu / July 1, 2022, 11:00 am EDT

Blockworks exclusive: Lido (stETH) and Rocket (rETH) will join Voltz’s growing trading pool

Markets

El Salvador Snaps Up Another $1.5M in Bitcoin, but Sits Heavily in the Red

By Shalini Nagarajan / July 1, 2022, 6:00 am EDT

With its latest purchase and tumbling prices, El Salvador now holds 2,381 bitcoin worth $46.4 million

Regulation

EU Members Reach Agreement on MiCA

By Sebastian Sinclair / July 1, 2022, 4:13 am EDT

The crypto bill consensus follows two years of debates among the EU’s 27 member states