Sam Reynolds

Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX's collapse. Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.

Sam Reynolds

Latest from Sam Reynolds


Markets

First Mover Asia: China’s State-Owned Banks Are Soliciting Hong Kong Crypto Business, but Opening an Account Is Hard

Plus: Are bitcoin traders shrugging off the CFTC's action against Binance? Or is there just not enough liquidity to go around?

Hong Kong (Unsplash)

Finance

First Citizens to Buy Much of Silicon Valley Bank, Assuming $72B in Loans, $56B in Deposits

The Federal Deposit Insurance Corp. also acquired equity appreciation rights in the parent of First Citizens Bank, which are potentially worth up to $500 million.

The FDIC completed a sale of most of Silicon Valley Bank's assets to First Citizens Bank. (George Rose/Getty Images)

Finance

First Citizens to Buy Silicon Valley Bank: Bloomberg

SVB, a bankrupt lender, was the bank for some big crypto firms, including Circle Internal Financial.

(Provided)

Markets

First Mover Asia: Bitcoin Is Ready for a Consolidation Phase

ALSO: Sam Reynolds writes that decentralized derivatives platforms are having a liquidity problem. The shortage may stem from crypto traders' current caution, but at least one stakeholder is optimistic that the situation will change.

Decentralized derivatives platforms have a liquidity problem, Sam Reynolds writes. (Unsplash)

Markets

ARK Uses 'Wells Dip' to Stock Up Again on Coinbase Shares, Two Days After Selling

Coinbase shares tumbled 16% Thursday after the company disclosed late Wednesday it had received a Wells Notice from the Securities and Exchange Commission.

Cathie Wood, chief executive officer and chief investment officer, Ark Invest (Marco Bello/Getty Images)

Markets

Floor Prices for Donald Trump NFTs Surge on News of Possible Indictment

Meanwhile, the Polymarket prediction contracts relating to the former U.S. president's indictment have become some of the most actively traded on the platform.

Donald Trump Trading Card NFTs (OpenSea)

Markets

Avalanche Blockchain's X and C Networks See Brief Outage

On-chain data shows that transactions sent over X-Chain are lagging, while C-Chain has recovered from an earlier outage.

Bitcoin is reaching new highs for the year. (Jim Smithson/Getty Images)

Finance

Crypto Exchange Luno Rejiggers Leadership Roles as It Seeks to Boost Investor Base, Eyes Public Listing

CEO Marcus Swanepoel is moving into a new role as executive chairman, and COO James Lanigan has been promoted to CEO.

Marcus Swanepoel, cofundador y CEO de Luno. (Luno)

Markets

First Mover Asia: Traders Focused on Liquidity, FOMC as Asia Opens Its Business Day

Crypto prices remain flat ahead of the FOMC's rate decision.

(Sebastian Huxley/Unsplash)

Markets

ARK Invest Sells $13.5M Coinbase Shares After Steady Buying Streak

The crypto exchange's shares saw a five-day gain of 22.09%.

Cathie Wood, chief executive officer and chief investment officer, Ark Invest (Marco Bello/Getty Images)