The Latest Breaking News from FTX

Cryptocurrency exchange Coinbase Global (NASDAQ: COIN) is the latest subject of a bearish report from The Bear Cave, a subscription newsletter service that says it exposes “bad companies.” Here’s the highlights of the report.

Keading cryptocurrencies are not the only investments that are down in 2022, according to FTX CEO and co-founder Sam Bankman-Fried. “Everything’s down this year because dollars are up this year,” Bankman-Fried told SkyBridge Capital founder Anthony Scaramucci at the SALT Conference this week.

Specialty retailer GameStop (GME) recently announced a partnership with FTX US, which seems to have buoyed its stock. However, given its bleak fundamentals, it could be wise to steer clear of this popular meme stock. Read on….

Benzinga is hosting a two-day crypto event at New York City’s Pier Sixty, Dec. 7-8, 2022.

Reuters

"Our path to becoming a more diversified and tech-centric business is one that obviously carries risk and will take time," said CEO Matt Furlong.

Stock futures flat, central banks in focus; Fed Chair Powell on deck as September rate bets leap; ECB set for biggest-ever hike as inflation roars, euro slumps; GameStop shares surge on FTX digital asset tie-up and California heat wave scorches, but power grid holds.

"In addition to collaborating with FTX on new ecommerce and online marketing initiatives, GameStop will begin carrying FTX gift cards in select stores," the company said.

The days of Larry David appearing in crypto-espousing Super Bowl ads seem like a distant memory.

As cryptocurrencies rocketed higher in 2021, one trend was crypto platforms and companies that operated in the sector seeing high revenue and growth. This inflow of money led to some massive sponsorships across professional sports.

FTX CEO Sam Bankman-Fried shared key takeaways from the recent crypto bear market and the bailing out of companies during the time. The CEO also shares what went into what companies to support and being labeled the J.P. Morgan of cryptocurrency.