Crypto Market Overview January 11th | Dex-Trade

Crypto Market Overview January 11th | Dex-Trade

Tom Brady, Gisele Bundchen and Coinbase — this Is Not a Complete List of FTX Shareholders

FTX's bankruptcy filing has exposed a lot of information about individuals who are associated with the digital marketplace. Recently it became known that the investors of the crypto exchange are football star Tom Brady, New England Patriots owner Robert Kraft, supermodel Gisele Bündchen and many large financial companies such as Blackrock, Coinbase, Lightspeed Venture Partners, Pantera Ventures, Tezos Foundation and others. The released FTX filing reveals that Tom Brady, who previously promoted the crypto exchange, owns more than 1.1 million FTX common shares, while his ex-wife, supermodel Gisele Bündchen, still holds 680,000 FTX shares. At the same time, KPC Venture Capital LLC, part of the Kraft Group, owns more than 110,000 FTX series B shares, as well as 479,000 class A common shares and 43,545 series A preferred shares in West Realm Shrines, the firm that owns FTX US . However, it is difficult to estimate the total amount of investments in the bankrupt crypto exchange, as well as calculate their dollar equivalent, since the collapse of FTX occurred before the company went public. However, it is known that in 2020, when FTX raised $400,000 million, the company was valued at $32 billion, and its founder, Sea Bankman-Freed, was considered one of the richest people on the planet.

“Outlook for Crypto Is Not Horrible, but It’s Not Great”: Moderate Forecast by Mike Novogratz

In an interview with CNBC Squawk Box host Andrew Ross Sorkin yesterday, Galaxy Digital founder and CEO Mike Novogratz spoke about his expectations for the crypto market in 2023: “The outlook for crypto is not horrible, but it’s not great. We’ve got regulatory headwinds that we didn’t have before. We’ve got time to heal and rebuild narrative, and so people are going to cut costs and survive this transition period. Crypto is not going away. What’s been interesting is the price of Bitcoin and Ethereum has helped pretty steady the last few months, and it’s actually gone up in the last few days.” Novogratz also mentioned Galaxy Digital and recalled that the company has acquired a large mining center in Texas. In addition, the crypto firm has invested in the acquisition of Israeli security developer GK8, so the founder of Galaxy Digital is confident that the company's strategy is successfully translated into real development. At the same time, he insists on a sober approach and understands that 2023 is a year that just needs to be experienced. In addition, Novogratz casually commented on the massive layoffs at Coinbase and clarified that 2022 was a massive failure for growth stocks and cryptocurrencies in general. Everything related to these financial instruments, especially those that grew, required additional expenses or completely depreciated. Thus, he believes that the management policy of Coinbase is rather a necessary measure, and the dismissal of staff is an unfortunate necessity.

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