Summary

1. Crypto industry:

 • U.S. cryptocurrency lender BlockFi files for Chapter 11 bankruptcy, will lay off about 200 staff;
 • Ethereum Insiders Settle Wrapped Ethereum (WETH) Insolvency FUD;
 • Changpeng Zhao says Binance has ‘no negative balances involved’ in proof of reserves; 

2. Price Action:

 • Bitcoin fell 1.4% to US$16,213 in the 24 hours to 8 a.m. in Hong Kong, while Ether dropped 2.2%       to trade at US$1,169;

3. US Dollar Related:

 • The dollar recovered from earlier losses on Monday as Fed officials made hawkish remarks                 reiterating their commitment to fighting inflation; Gold fell from a more than one-week high, with           spot gold down 0.8%; 
 

4. Economic Calendar:

 • 23:00 U.S. released the Conference Board Consumer Confidence Index;

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