Search results for Alameda Research
Crypto
SpaceX valuation surge raises hopes of more FTX creditor repayments
A surge in SpaceX’s valuation is raising expectations that creditors of bankrupt crypto exchange FTX could receive additional repayments, as FTX previously gained exposure to SpaceX through investments linked to venture capital firm K5 Global. Creditors point to SpaceX’s sharp rise in valuation and estimates that related assets could be worth billions of dollars, though dilution may reduce that figure. FTX’s repayment process is already well advanced, but the estate has not outlined any plan for the SpaceX-linked holdings.
Crypto
U.S. government transfers seized Alameda altcoins to Coinbase Prime, raising sale questions
The U.S. government has moved about $1.9 million worth of altcoins seized from Alameda Research to Coinbase Prime. Arkham Intelligence flagged the transfer, which involved five tokens including RNDR and UNI. Some market participants viewed the move as routine asset management rather than an immediate sell signal. Arkham data show U.S. government-linked wallets hold $27 billion in digital assets, mostly bitcoin, as of early May 2026.
Crypto
Backpack Exchange starts beta test of prediction market platform
Backpack Exchange, a cryptocurrency exchange founded by former Alameda Research and FTX employees, is moving into prediction markets. Cointelegraph reported on Jan. 14 that Backpack has started a private beta test of an integrated prediction portfolio that combines prediction markets and cryptocurrency trading. CEO Armani Ferrante said the platform differs from Kalshi and Polymarket, describing it as a native system with tokenisation and integrated risk. Backpack plans an invite-only beta first, then expansion.