Sources: FTX is in the process of raising $1B as Sam Bankman-Fried considers bidding for bankrupt lender Celsius Network’s assets (Olga Kharif/Bloomberg)

Bloomberg:
Binance CEO Changpeng Zhao says the exchange aims for a ~$1B fund to buy distressed assets and plans to make another bid for bankrupt lender Voyager Digital  —  Binance Holdings Ltd. is aiming for a roughly $1 billion fund for the potential purchase of distressed assets in the digital-asset sector …

Adam Morgan McCarthy / The Block:
Mike Novogratz’s Galaxy Digital agrees to buy high-security custodian GK8 from bankrupt crypto lender Celsius; Celsius acquired GK8 for $115M in late 2021  —  – Mike Novogratz’s Galaxy Digital agreed to buy GK8 from Celsius.  — GK8 was originally acquired by Celsius for $115 million in late 2021.

Vicky Ge Huang / Wall Street Journal:
Celsius co-founder and CEO Alex Mashinsky resigns from the bankrupt cryptocurrency lender, writing his “role as CEO has become an increasing distraction”  —  The crypto lender filed for bankruptcy in July  —  Alex Mashinsky—chief executive and cofounder of bankrupt cryptocurrency …

Paul Vigna / Wall Street Journal:
Sources: Binance has made a leading bid of about $50M for the assets of bankrupt crypto-lender Voyager Digital, slightly higher than FTX’s competing bid  —  The exchanges both made bids near $50 million.  Voyager’s market cap was $3.9 billion in 2021  —  1x

Olga Kharif / Bloomberg:
As Ethereum moves to proof of stake, about 11% of ETH is staked and earning but won’t be withdrawable until the “Shanghai” update, expected in about six months  —  As the buzz around the revision of the Ethereum blockchain reaches a crescendo, few observers appear to be talking …

Bloomberg:
Sources: FTX won the auction for the assets of bankrupt crypto brokerage Voyager Digital with a bid of ~$50M, a price that could climb if certain milestones met  —  FTX, the digital-asset exchange controlled by billionaire Sam Bankman-Fried, has won the auction for the assets …