Coinbase, MicroStrategy Bonds Tank as FTX Collapse Dents Institutional Confidence in Crypto

“High bond yields are reflective of sharply higher rates but also of genuine skepticism about the long-term viability of crypto among institutional investors after the high profile collapses of Terra/LUNA, Celsius [Network]3AC [Three Arrows Capital]Voyager [Digital]BlockFi and FTX,” Mike Alfred, a value investor and founder of digital assets investment platform Eaglebrook Advisors, said.

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