Anchorage Digital plans to custody a “significant portion” of Apollo Global’s crypto portfolio and offer crypto custody services to Apollo’s clients (Andrew Throuvalas/Decrypt)

Frank Chaparro / The Block:
Sources: Nasdaq is exploring an institutional crypto custody service, pending regulatory approval, and a crypto-focused division called Nasdaq Digital Assets  —  – Nasdaq has been plotting a move into crypto custody, according to several sources.  — The move is in line with its broader mission …

Decrypt:
BlockFi files for Chapter 11 bankruptcy protection and plans to lay off a large portion of its staff  —  The FTX contagion has just claimed another crypto firm. … The crypto lender is also laying off a large portion of its staff, the source said.  —  BlockFi, which let users earn yield …

Stacy Elliott / Decrypt:
Coinbase to custody $1.6B worth of MakerDAO’s USDC treasury after MakerDAO community voted 75% in favor; a pilot will run through 2022, with new voting in 2023  —  The MakerDAO pilot will run through the end of 2022 before the community needs to vote on whether to keep its USDC with Coinbase next year.

Alyssa Lukpat / Wall Street Journal:
The top 20 tech billionaires globally have lost $480B+ on paper in the past year; Mark Zuckerberg’s wealth drops by $87B+, Elon Musk and Jeff Bezos by $58B+  —  Moguls including Mark Zuckerberg and Jeff Bezos have collectively lost more on paper than the market values of most S&P 500 companies

Bloomberg:
Amazon becomes the world’s first public company to lose $1T in market value, shrinking to ~$879B from $1.88T in July 2021; Microsoft lost $889B since Nov. 2021  —  Amazon.com Inc. is the world’s first public company to lose a trillion dollars in market value as a combination of rising inflation …

Kate Irwin / Decrypt:
Meta is letting select Instagram US creators test a toolkit for minting NFTs and selling them on and off the platform, and says it won’t charge fees until 2024  —  Instagram will soon have NFT creation and trading tools built in, but in-app purchases will be “subject to applicable app store fees.”