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markets

CDCROP: Pause, Breathe, Resume (Brett Jordan/Unsplash)
Have Crypto Markets Reached Bottom?
Investors maintain confidence in crypto, but are anxiously eyeing developments that could sink prices further.
CDCROP: Pause, Breathe, Resume (Brett Jordan/Unsplash)

Bitcoin and most other digital assets declined on Wednesday after crypto financial firm Genesis announced that it was temporarily suspending redemptions and new loan originations. (Source: CoinDesk)
Crypto Market Slides After Genesis Withdrawal Halt, but Big Investors May Hunt for Bargains
Most digital assets traded lower on Wednesday as another crypto firm gets hit by the FTX contagion, although institutional investors may be looking for bargains.
Bitcoin and most other digital assets declined on Wednesday after crypto financial firm Genesis announced that it was temporarily suspending redemptions and new loan originations. (Source: CoinDesk)

B2C2 offers to purchase loans from Genesis (Genesis Trading, Modified by CoinDesk)
Market Maker B2C2 Offers to Buy Loans From Genesis Crypto-Lending Unit
The lending arm of the crypto financial firm Genesis halted customer withdrawals earlier Wednesday, citing the impact of the collapse of FTX.
B2C2 offers to purchase loans from Genesis (Genesis Trading, Modified by CoinDesk)

CDCROP: Crypto Exchange FTX Grapples With 'Liquidity Crunch' As Binance Deal Fades (Leon Neal/Getty Images)
First Mover Americas: FTX Fallout Reverberates Across Crypto-Land
The latest price moves in crypto markets in context for Nov. 16, 2022.
CDCROP: Crypto Exchange FTX Grapples With 'Liquidity Crunch' As Binance Deal Fades (Leon Neal/Getty Images)

Average daily premium/discount in CME-listed bitcoin futures (Arcane Research)
Institutions Take Bearish Stance on Bitcoin, Create Arbitrage Opportunity
The record discount in the front-month bitcoin futures traded on the CME indicates institutions are biased bearish. The discount may attract arbitrageurs.
Average daily premium/discount in CME-listed bitcoin futures (Arcane Research)

CoinDesk - Unknown
Cryptocurrencies Trade in Sync After FTX Collapse – Just Not With Stocks
A new analysis shows how correlations have increased on various sectors of the 162-asset CoinDesk Market Index (CMI) amid widespread crypto distress following the collapse of Sam Bankman-Fried's FTX exchange. U.S. stocks, meanwhile, look unfazed by it all.
CoinDesk - Unknown

CDCROP: Crypto Exchange FTX Grapples With 'Liquidity Crunch' As Binance Deal Fades (Leon Neal/Getty Images)
After Bankruptcy, FTX User Claims Pay Cents on the Dollar
The crypto exchange FTX filed for bankruptcy Friday, leaving users’ funds stuck on the platform, and one marketplace for distressed claims posted bids for a fraction of the original value of claims.
CDCROP: Crypto Exchange FTX Grapples With 'Liquidity Crunch' As Binance Deal Fades (Leon Neal/Getty Images)

CDCROP: AI Graphs Charts Indicies Graphic (Midjourney/CoinDesk)
Market Wrap: Bitcoin Rises on Encouraging Inflation News
The largest cryptocurrency hovered near $16.8K. Ether and other altcoins also surge.
CDCROP: AI Graphs Charts Indicies Graphic (Midjourney/CoinDesk)

CDCROP: Federal Reserve Bank (Shutterstock)
Are Your Bitcoin Trades Losing on Fed Day? Just Wait Till Tomorrow
BTC’s price has reversed direction on five of the six days following the Federal Reserve’s interest rate announcements.
CDCROP: Federal Reserve Bank (Shutterstock)

Price chart shows Serum’s SRM price jump on Tuesday. (CoinDesk)
Serum’s SRM Tokens Double in Price After Emergency Fork in Wake of FTX Hack
The Serum token price rose as high as 32 cents, from a low of 12 cents just two days ago, as community members of the decentralized exchange scrambled to implement an emergency fork in the wake of security concerns triggered by the hack of Sam Bankman-Fried's FTX exchange.
Price chart shows Serum’s SRM price jump on Tuesday. (CoinDesk)