In a recent Twitter thread pondering the need for transparency in the industry after the collapse of FTX, Grayscale attempted to calm its investors’ fears, assuring them that the regulations that apply to its various entities make an FTX-like scenario nearly impossible.

Peter Schiff, the Chief Economist at Euro Pacific Capital, has been actively fostering Bitcoin (BTC), selling a narrative to his 869K Twitter followers. In a recent tweet, Schiff indicated that a new record had been set after Grayscale’s Bitcoin Trust (GBTC) traded its net asset value at a 46% discount. The prominent Bitcoin skeptic noted that something is “going on” with Bitcoin, adding that the world’s largest cryptocurrency seems to be in “real trouble.” 

Cardano takes a unique approach to several of its technology implementations but aspects of the network’s full design vision are also not yet live.

Cryptocurrency investment product provider Grayscale Investments has refused to provide on-chain proof of reserves or wallet addresses to show the underlying assets of its digital currency products citing “security concerns.”

Grayscale Bitcoin Trust (GBTC) shares are selling at a record discount of 42.69% to the underlying asset’s value following FTX’s implosion and fears of market contagion.

Grayscale has assured clients of the safety and security of their funds amid the panic triggered by the FTX implosion and redemption suspension of a subsidiary of one of its affiliate firms, Genesis Global Capital.