FTX is headed toward bankruptcy without a cash infusion. Author: Danny Nelson

Bitcoin’s price hit $16,936 on Bitstamp exchange on Wednesday morning. It was the first time the largest cryptocurrency had fallen below $17,000 since November 2020. The BTC price was down 14% on the day. Author: Helene Braun

The combined company would have a more than 80% share of the global crypto market, the report said. Author: Will Canny

Investors on PolyMarket think there’s a 45% chance that Binance will pull out of the FTX deal and a 55% chance the deal goes through. Author: Sam Reynolds, James Rubin

The miner is targeting 9 EH/s for the end of the year, but maintains it will reach 23 EH/s by the middle of 2023. Author: Eliza Gkritsi