Crypto Biz: Crypto broker goes bankrupt, Bitcoin miner capitulates and China VC funding soars

2022.07.09 01:56

Crypto Biz: Crypto broker goes bankrupt, Bitcoin miner capitulates and China VC funding soars

Those of us anxiously awaiting a summer relief rally for Bitcoin (BTC) may have to wait a little while longer. The bear market is still cleansing us of our excess — and revealing the most toxic players in our industry. I’ve talked to you about Terra (LUNA) — now renamed Terra Classic (LUNC) — Celsius, Three Arrows Capital, BlockFi — what about Voyager Digital? The crypto broker filed for Chapter 11 bankruptcy this week, putting hundreds of thousands of creditors on high alert.

This week’s Crypto Biz newsletter dissects Voyager’s bankruptcy proceedings and offers some potentially good news regarding Celsius. We also look at the latest high-profile miner to force-sell their Bitcoin and chronicle new capital raises for one of China’s most prominent venture firms.

Celsius pays down 143M in DAI loans since July 1

Voyager Digital files for Chapter 11 bankruptcy, proposes recovery plan

Core Scientific sold $167M worth of Bitcoin holdings in June

Crypto investor Sequoia Capital China reportedly raises $9 billion

Don’t miss it! What’s the current state of the crypto market?

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