Poolin, one of the world’s biggest bitcoin mining pools, suspends withdrawals from its wallet service, citing liquidity issues (Eliza Gkritsi/CoinDesk)

Sam Reynolds / CoinDesk:
Binance’s mining service Binance Pool launches a $500M fund to provide 18-to-24-month loans for private and publicly listed Bitcoin miners  —  The entity is the latest to join the growing ranks of alternative lenders looking to provide capital to the distressed mining industry.

Eliza Gkritsi / CoinDesk:
Paris-based Kiln, an Ethereum “staking-as-a-service” startup, raised a €17M Series A from Consensys and more; Kiln has $500M+ of staked assets under management  —  The Paris-based startup is betting on the growth of staking services after Ethereum’s Merge.

Eliza Gkritsi / CoinDesk:
Filings: FTX, Alameda, and other affiliates have $1.2B in cash reserves, below the $3.1B owed to the top 50 creditors; Alameda’s reserves are largest at ~$393M  —  The bankrupt crypto exchange FTX owes around $3.1 billion to its top 50 creditors.  —  The various divisions …

David Pan / Bloomberg:
Ethermine, the largest Ethereum mining firm, will shut down its servers for miners after Ethereum’s Merge, switching its mining pool to withdraw-only mode  —  Ethermine, the largest Ethereum mining services provider by computing power, will shut down its servers for miners after the blockchain completes its historic technical upgrade.

Jamie Crawley / CoinDesk:
Study: in January 2022, 62.4% of bitcoin mining electricity came from fossil fuels, contradicting the Bitcoin Mining Council’s estimate that ~59% is sustainable  —  The CCAF uses publicly available data to run a theoretical model to estimate the environmental footprint of bitcoin mining.

Nikhilesh De / CoinDesk:
BlockFi pauses withdrawals and asks users not to deposit to its wallet or interest accounts, saying it can’t operate normally amid “lack of clarity” around FTX  —  BlockFi had made a deal with FTX earlier this year.  —  Crypto Lender BlockFi said it could not conduct business …