A new crypto collapse update is out. This one is on David’s blog. [David Gerard]

Here’s what we cover in this episode:

• Bitcoin is pushing $21,000. Bitcoin generally pumps when there’s bad news coming down the pipes — and there’s been plenty.
• Nexo founders and two others have been charged in Bulgaria.
• DCG is still pushing for GBTC to become a two-way ETF. It’s a hopeless pursuit, but they’ll do anything to avoid liquidating their cash cow.
• The Trustee objects to FTX wanting to retain Sullivan & Cromwell as lead counsel in the bankruptcy. They say S&C haven’t disclosed their full pre-collapse relations with FTX.
• The judge has given the go-ahead for Voyager to move forward on the Binance US asset purchase agreement. But does Binance really have the funds to make good on its promise? The numbers don’t add up.
• Crypto exchanges are having a rough time.