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First Mover Americas: BlockFi the Latest Chapter (11) in FTX Saga
The latest price moves in crypto markets in context for Nov. 29, 2022.
Updated Mar 3, 2023, 7:01 p.m. Published Nov 29, 2022, 1:08 p.m.
This article originally appeared in First Mover, CoinDesk’s daily newsletter putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day.
Latest Prices
CoinDesk Market Index (CMI) 844.11 +18.8 ▲ 2.3% Bitcoin $16,484 +272.0 ▲ 1.7% Ethereum $1,217 +46.3 ▲ 4.0% S&P 500 futures 3,980.75 +10.5 ▲ 0.3% FTSE 100 7,528.84 +54.8 ▲ 0.7% Treasury Yield 10 Years 3.7% ▲ 0.0 BTC/ETH prices per CoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)
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Crypto lender BlockFi filed for Chapter 11 bankruptcy protection on Monday, saying ithoped to restructure while it continues its operations. BlockFi received a $400 million line of credit from bankrupt exchange FTX earlier this year and has about $257 million in cash on hand, according to a press release.
BlockFi sued FTX founder Sam Bankman-Fried for his Robinhood Market shares on Monday. Bankman-Fried, through his Emergent Fidelity Technologies holding company, pledged his stake in the online trading company as collateral for a loan.
Crypto exchange Huobi’s token, HT, climbs 15% over the past 24 hours after the firm announced a partnership with the Commonwealth of Dominica. Blockchain developer Tron and DMC Labs will issue a national token called dominica coin (DMC) and a digital identity, or DID. Huobi will provide Dominica DID status to every registered user.
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- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Asia Morning Briefing: Fed Cut Brings Little Volatility as Bitcoin Waits for Japan
CryptoQuant data shows seller exhaustion as whales pull back from exchanges, while traders prepare for a closely watched BOJ meeting that could influence global liquidity.
What to know:
- Bitcoin remains stable above $91,000 as the Federal Reserve cuts rates by 25 basis points.
- Market attention shifts to Japan, where a rate hike is expected at the upcoming Bank of Japan meeting.
- Gold prices rise following the Fed's rate cut, while silver hits a record due to strong demand and tight supply.
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