Coinbase Q3: net revenue down 28% QoQ to $576M, net loss down 50% to $545M, subscription and services revenue up 43%, and monthly transacting users down to 8.5M (Nelson Wang/CoinDesk)

Kari McMahon / The Block:
A profile of FTX co-founder and CTO Gary Wang, who sources say doesn’t talk much, is hard to contact, and was one of the few with “root access” to the code base  —  – FTX’s billionaire co-founder Gary Wang has a limited online presence and has stayed out of the spotlight throughout the crypto exchange’s three-year history.

Nelson Wang / CoinDesk:
Genesis’ crypto lending unit, which had $2.8B in active loans in Q3, suspends redemptions and new loan originations; trading and custody units are unaffected  —  The unit, known as Genesis Global Capital, serves an institutional client base and had $2.8 billion in total active loans as of the end of the third quarter of 2022.

Nelson Wang / CoinDesk:
Filings: Block.One and its CEO Brendan Blumer buy a 7.5% and 9.3% stake, respectively, in crypto bank Silvergate Capital, making Blumer its largest shareholder  —  The purchase makes Brendan Blumer the largest holder of Silvergate Capital.  —  Brendan Blumer, the founder and CEO of EOS developer Block.One …

Tracy Wang / CoinDesk:
Current and former FTX and Alameda staffers say the Bahamian operation SBF ran with housemates is full of conflicts of interest, nepotism, and lack of oversight  —  “The whole operation was run by a gang of kids in the Bahamas,” a person familiar with the matter told CoinDesk on condition of anonymity.

Jeff John Roberts / Fortune:
Brian Armstrong’s “Coin: A Founder’s Story”, a documentary commissioned to show the “good, bad, and ugly”, feels like a hagiography to reset his narrative  —  Pass the popcorn.  Coinbase CEO Brian Armstrong just announced a new film titled Coin …

Colin Wilhelm / The Block:
DC-based policy nonprofit Coin Center sues the US Treasury Department, saying the treasury overstepped its authority by sanctioning Tornado Cash in August 2022  —  – The D.C.-based policy nonprofit sued the Treasury Department, saying it overstepped its authority when it sanctioned transaction mixer Tornado Cash in August.