FTX’s Illiquid Holdings Filled With Tokens That Sit in Venture Funds in Which It Invested; Bitcoin Falls Below $21K

Good morning. Here’s what’s happening:

Prices: Bitcoin and ether spend their Wednesday in the red.

Insights: Embattled crypto exchange FTX and several venture capital firms hold a ton of illiquid tokens such as Serum (SRM).

Prices

CoinDesk Market Index (CMI)

1,004.63

−4.3 0.4%

Bitcoin (BTC)

$20,868

−64.2 0.3%

Ethereum (ETH)

$1,554

+5.7 0.4%

S&P 500 daily close

3,999.09

+15.9 0.4%

Gold

$1,920

+1.9 0.1%

Treasury Yield 10 Years

3.51%

0.1

BTC/ETH prices per CoinDesk…


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