Cryptocurrency asset outflows for the week of Sept. 3 through 9 totaled $59.3 million, bringing the current run to $249 million over four consecutive weeks.
For publicly-traded companies, the risk of holding crypto on their balance sheets was that they could only realize losses on them — but that’s no longer the case.
Bankruptcy lawyers and other corporate turnaround specialists have reaped major fees from the bankruptcies of five cryptocurrency companies, including FTX.
The first secondary crypto market fund launched by HashKey Capital will invest a significant part of its assets in second-tier cryptocurrencies, with a goal of outperforming market leader Bitcoin, its portfolio manager said.