Citi
Trust Is Gained Over Time but Lost in an Instant: Analyst
Tokens related to cryptocurrency exchange FTX, including FTT and Solana (SOL), have fallen sharply amid contagion fears. Citi Digital Asset Analyst Joe Ayoub said "that's largely because of a lack of trust from users in these projects that are related to Sam [Bankman-Fried]."
Bitcoin Dips to 2-Year Low as Binance Backs Out of FTX Deal
Bitcoin (BTC) dropped to its lowest level in two years on Wednesday as traders processed the news that Binance retreated from an earlier plan to buy troubled exchange FTX. Citi’s Digital Asset Analyst Joe Ayoub discusses the performances of BNB and FTT tokens and other players affected by the FTX crisis. Plus, an outlook on the stumbling market.
Citi Ventures Backs Its First Digital Asset Manager, Co-Leading a $6M Round in Xalts
Accel co-led the round for the startup building institutional-grade digital asset products.
Citigroup Director of Blockchain and Digital Assets to Leave for Six Digital Exchange
Alexandre Kech's departure follows the exit of another key digital-assets employee from Citi in August.
Citi Says Decentralized Crypto Exchanges Are Gaining Market Share From Centralized Peers
Increased crypto regulation could drive users to decentralized platforms, the bank said.
Citigroup Digital-Assets Driver Itay Tuchman to Depart
Tuchman's next move may be into a digital-assets firm.
Citigroup Furthers Crypto Push With Two Digital-Asset Hires
Wall Street continues to fill for digital-asset roles despite the lingering crypto bear market.
Citi: Ethereum’s Merge Will Have Several Consequences for the Blockchain
Ethereum will probably become deflationary as token issuance decreases while the burn mechanism is maintained, the bank said.
Citi Says Crypto Contagion Appears to Have Ceased
Stablecoin outflows have been stemmed and outflows from ETFs have also stabilized, the report said.
Citi Flags Crypto-Backed Real Estate Mortgages Amid Falling Market Conditions
The bank points to the rise of crypto-backed mortgages and financing of digital property purchases.
