Crypto Markets Today

Gary Gensler, chairman of the U.S. Securities and Exchange Commission (Kevin Dietsch/Getty Images)
Crypto Markets Today: Gensler Restates SEC’s Crypto Authority
The chairman said the agency has the basic disclosure and governance requirements to hold digital-asset firms accountable, although he did not address the fallout from crypto...
Gary Gensler, chairman of the U.S. Securities and Exchange Commission (Kevin Dietsch/Getty Images)

Grayscale CEO Michael Sonnenshein (CoinDesk)
Crypto Markets Today: Fir Tree Suit Against Grayscale Adds to Industry’s Growing Woes
The hedge fund wants more details about the Grayscale Bitcoin Trust, which has fallen in value by nearly 75% this year.
Grayscale CEO Michael Sonnenshein (CoinDesk)

(DALL-E/CoinDesk)
Crypto Markets Today: FTX Fallout Hits Maple Finance; Bitcoin Declines
Orthogonal Trading received a default notice, while crypto leader Nexo decided to depart from the U.S. after regulatory discussions hit a “dead end.”
(DALL-E/CoinDesk)

Galaxy Digital won an auction to buy self-custody platform GK8. (Jeremy Thomas/Unsplash)
Crypto Markets Today: Galaxy Digital Expands Brokerage Services With GK8 Acquisition
The cryptocurrency-focused financial services firm won an auction to buy the company from crypto lender Celsius, which filed for Chapter 11 bankruptcy protection.
Galaxy Digital won an auction to buy self-custody platform GK8. (Jeremy Thomas/Unsplash)

CFTC Chair Rostin Behnam (Nikhilesh De/CoinDesk)
Crypto Markets Today: CFTC Chair Proposes Pause to Overhaul Digital Commodities Consumer Protection Bill
Rostin Behnam made the suggestion as regulators and the crypto industry continue processing the implosion of crypto exchange giant FTX.
CFTC Chair Rostin Behnam (Nikhilesh De/CoinDesk)

Kraken is cutting 30% of its global staff. (Shutterstock)
Crypto Markets Today: Kraken Becomes the Latest Industry Giant to Cut Its Workforce
The crypto exchange is cutting 30% of its global staff. ALSO: Bitcoin surges along with equity markets on the Federal Reserve Chair’s dovish tone in a speech Wednesday.
Kraken is cutting 30% of its global staff. (Shutterstock)

Huobi’s HT Token climbed Tuesday. (Thomas Höggren/Unsplash)
Crypto Markets Today: Huobi’s HT Token Climbs After Exchange Discloses Airdrop
The company will send a digital token to users via Huobi Prime, its exclusive token offering platform.
Huobi’s HT Token climbed Tuesday. (Thomas Höggren/Unsplash)

Bitcoin slid on the BlockFi bankruptcy filing. (Karsten Winegeart/Unsplash)
Crypto Markets Today: BlockFi Files for Bankruptcy Protection, MakerDAO Rejects $500M Proposal to Invest in Bonds and BTC Slides
Crypto prices dropped amid continued market contagion triggered by the FTX collapse earlier this month.
Bitcoin slid on the BlockFi bankruptcy filing. (Karsten Winegeart/Unsplash)