Cryptocurrency lending platform BlockFi filed for Chapter 11 bankruptcy in the U.S. state of New Jersey on Monday (November 28), the latest cryptocurrency company to collapse following the swift collapse of cryptocurrency exchange FTX.

FX168 Financial News (Hong Kong) News Justin Sun, the founder of TRON and member of the Huobi Global Advisory Board, tweeted this afternoon (25th), announcing that he fully supports the Binance Chain (BNB Chain) and the Binance Dollar Stablecoin ( BUSD), will soon announce a partnership with Changpeng Zhao.

FX168 Financial News (Hong Kong) reported that Huobi announced its brand upgrade strategy yesterday (22nd). The Chinese brand name was officially changed from "Huobi" to "Huobi". Hong Kong's Baiyu Capital M&A Fund completed the acquisition of Huobi last month. This brand strategy upgrade came into being to adapt to the rapid development of the industry and respond to the needs of global business expansion, marking the official release of its global development roadmap and international operation strategy.

Despite the collapse of FTX and the continued bear market of digital assets, Kathy Wood, CEO of Ark Investment Company, known as the "Goddess of Stocks", has not changed his bullish attitude towards cryptocurrencies. In an interview with Bloomberg on Tuesday, Wood reiterated her prediction for Bitcoin to reach $1 million by 2030.

Sam Bankman-Fried has said he wants to prevent nuclear war and stop future pandemics, a goal he has pledged to use his vast and growing fortune to achieve. But the demise of FTX, and revelations that he had conflated FTX’s assets with those of its clients, has upended those lofty philanthropic goals.

U.S. Senator Elizabeth Warren of Massachusetts said the sudden collapse of FTX showed the need for proper regulation of cryptocurrencies before digital assets cause broader economic damage. In her WSJ op-ed, she wrote: "FTX's implosion should be a wake-up call. Regulators must enforce the law before more people are scammed, and Congress must fill the remaining holes in our regulatory structure -- next time." Before the cryptocurrency disaster dragged down our economy.”