Bitcoin No Longer Correlated to U.S. Stocks, Crypto Analytics Firm Block Scholes Says

The 90-day rolling correlation between bitcoin and Nasdaq, S&P 500 is now at the lowest level observed since July 2021, according to data tracked by crypto derivatives analytics firm Block Scholes.

• 2023-07-05
• Andrew Melville Block Scholes correlation stock markets digital assets Bitcoin crypto derivatives

Bankrupt crypto firm FTX to sell LedgerX for $50 million

FTX will seek U.S. bankruptcy court approval for the sale at a May 4 hearing. "We are pleased to reach this agreement with MIH, which is an example of our continuing efforts to monetize assets to deliver recoveries to stakeholders," FTX CEO John Ray said in a statement. Since filing for bankruptcy in November, FTX has recovered over $7.3 billion in cash and liquid crypto assets, the company reported earlier this month.

• 2023-04-26
• FTX crypto derivatives Bermuda Stock Exchange Miami International Securities Exchange Miami International Holdings crypto exchange LedgerX LLC