FTX submitted a filing requesting permission to engage in these activities in August, arguing that hedging its crypto assets would “allow the Debtors [FTX] to limit potential downside risk prior to the sale of such bitcoin or ether,” while “staking certain digital assets … will inure to the benefit of the estates – and, ultimately, creditors – by generating low risk returns on their otherwise idle digital assets,” according to the filing by FTX’s lawyers.
Bitcoin Supercycle? Jeff Park Says Gold’s $1T Positive aspects Might Spark It
In a wide-ranging interview with Anthony Pompliano revealed on October 2, Jeff Park, accomplice and Chief Investing Officer at ProCap...
