Nick Baker

Nick Baker is CoinDesk's deputy editor-in-chief. He won a Loeb Award for editing CoinDesk's coverage of FTX's Sam Bankman-Fried, including Ian Allison's scoop that caused SBF's empire to collapse. Before joining in 2022, he worked at Bloomberg News for 16 years as a reporter, editor and manager. Previously, he was a reporter at Dow Jones Newswires, wrote for The Wall Street Journal and earned a journalism degree from Ohio University. His crypto holdings are below CoinDesk's $1,000 disclosure threshold.

Recent

A reply to DWF's Andrei Grachev is what got the market-maker battle going. (LinkedIn)

Finance

Dwf labs

‘You Can Do Nothing’: Crypto Trading Titans Are Yelling at Each Other on Elon Musk’s X

“I never thought that you could be THAT scared of us,” DWF’s Andrei Grachev posted on X. Wintermute’s Evgeny Gaevoy: “We are trembling in your presence.”

By Nick Baker

Sep 21, 2023 at 6:46 p.m. UTC

Sep 21, 2023

Dwf labsWintermuteGSRMarket Makers

Policy

Sam bankman-fried

Sam Bankman-Fried’s Empire Was Crushed by This Infamous Balance Sheet. Here’s More of the Story

An Alameda balance sheet revealed just how fraught FTX’s situation was.

By Danny Nelson Nick Baker

Sep 20, 2023 at 3:30 p.m. UTC

Sep 20, 2023

Sam Bankman-FriedSBF TrialThe SBF Trial NewsletterNewslettersFTXFTX Collapse

Policy

Sam bankman-fried

Sam Bankman-Fried’s Dad Thought His Son Wasn’t Paying Him Enough, So He Got Mom Involved

The alleged dispute over Joe Bankman’s $200,000 FTX salary versus his desired $1 million points to an unusual family dynamic at the former cryptocurrency colossus.

By Nick Baker

Sep 19, 2023 at 5:08 p.m. UTC

Sep 19, 2023

Sam Bankman-FriedFTXtop newsSBF TrialFTX Collapse

Finance

Genesis

Genesis Has Ceased All Crypto Trading Services: Spokesperson

Company was hit hard by the collapses of Three Arrows Capital and FTX.

By Nick Baker

Sep 14, 2023 at 4:11 p.m. UTC

Sep 14, 2023

GenesisDCG

Finance

Binance

Binance.US CEO Has Left, Crypto Exchange Cuts 1/3 of Workforce

Company says its actions give it "seven years of financial runway."

By Nick Baker

Sep 13, 2023 at 12:17 a.m. UTC

Sep 13, 2023

BinanceBinance USBrian Shroder

Finance

Grayscale

A New Crypto Scam Shows Perils of Elon Musk's Twitter

A purported $25 million giveaway of a token called GBTC – letters better associated with the $13 billion Grayscale Bitcoin Trust – is an obvious fake.

By Nick Baker

Sep 8, 2023 at 6:42 p.m. UTC

Sep 8, 2023

GrayscaleGBTCtop newsElon MuskTwitter

U.S. Court for the Southern District of New York (Dustin D.)

Policy

Regulations

Former FTX Executive Ryan Salame Will Plead Guilty to Charges: Bloomberg

Ryan Salame was co-CEO of FTX Digital Markets and handled political donations for the crypto exchange.

By Nick Baker

Sep 7, 2023 at 2:20 p.m. UTC

Sep 7, 2023

RegulationsFTXSam Bankman-FriedRyan salame

Finance

Coinbase

Coinbase Creates New Crypto Lending Service Geared Toward Large Investors

Coinbase (COIN) raised $57 million for the platform as of Sept. 1, according to an SEC filing.

By Nick Baker

Sep 5, 2023 at 8:34 p.m. UTC

Sep 5, 2023

CoinbaseLendingPrime BrokeragecollateralExclusive

Markets

Ether

Ether Futures ETFs Are Poised for U.S. Approval, Bloomberg Reports

They would join bitcoin futures ETFs that are already approved.

By Nick Baker

Aug 17, 2023 at 11:10 p.m. UTC

Aug 17, 2023

EtherETFSEC

Gemini's Cameron Winklevoss continues his war of words with DCG. (Getty Images)

Finance

Dcg

Cameron Winklevoss to DCG Amid Their Crypto Lending Fight: 'Good Luck' Convincing a Jury

His Gemini crypto exchange and conglomerate Digital Currency Group are battling — in and out of court — over the failure of Gemini's Earn lending service.

By Nick Baker

Aug 11, 2023 at 5:43 p.m. UTC

Aug 11, 2023

DCGDigital Currency GroupGeminiCameron WinklevossLawsuit