The Friday Focus: Issue 41

Welcome to our Friday newsletter. Here you find the most exciting crypto content from the previous week - curated for you by us.

Weekly happenings in the crypto industry
(July 1st - July 8th)

The contagion effects from Terra, Celsius and Three Arrows Capital keep giving us eventful news weeks. Let’s get into it.

Vauld is the latest firm to halt client withdrawals, and Nexo is reportedly interested in acquiring the troubled crypto lender. Voyager seeks bankruptcy protection and despite the claim of customer deposits being protected, its bank noted that this is not the case. The company also faces delisting from Toronto Stock Exchange.

It now looks like FTX will swallow BlockFi, with a deal total of $680 million. Celcius is still active in repaying debt but also facing accusations of fraud in a new lawsuit. Genesis finally confirmed its exposure to Three Arrows Capital and CoinLoan limits user withdrawals. The crypto startup Uprise managed to lose 99% of client funds while shorting LUNA during the crash in May. Yes, you read that right.

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