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According to the co-founder of Galois Capital, the hedge fund manager who warned about the Terra collapse before it happened, half of the hedge fund’s capital is left trapped on FTX. Galois co-founder, Kevin Zhou, wrote a letter to investors explaining the situation and said he was “deeply sorry” about the turn of events. Galois … Read more
Institutional involvement in crypto, especially in Ethereum, has increased in 2022 despite the bear market, according to the latest findings of a Fidelity Digital Assets survey. Go to Source Powered by WPeMatico
Large financial institutions are getting involved in digital assets by investing capital, time and effort into on-chain analytics solutions. Go to Source Powered by WPeMatico
TrueFi does not expect Blockwater Technologies’ default to affect its stablecoin lending pools or capital market portfolios. Go to Source Powered by WPeMatico
As part of 3AC’s bankruptcy proceedings, over 300 NFTs from Starry Night Capital were moved this week. Go to Source Powered by WPeMatico
Billionaire hedge fund founder Ray Dalio has stepped down as chief executive of Bridgewater Associates, according to a transfer of voting rights on September 30. Bridgewater’s co-chief executive explained on Tuesday that “Ray no longer has the final word,” in regard to the hedge fund’s future. Hedge Fund Giant and Bridgewater Associates Founder Ray Dalio … Read more
FTX US was the successful bidder in the Voyager auction. But, one industry insider tells Cointelegraph that the deal didn’t have depositors’ best interest in mind. Go to Source Powered by WPeMatico
“We want to provide liquidity for people that are kind of giving up because we’re still very bullish for the next 10 or 20 years,” said CEO Dan Morehead. Go to Source Powered by WPeMatico
Decentralized finance still has a ways to go before it can attract institutional capital. Meanwhile, Fireblocks has become a nine-figure revenue-generating company. Go to Source Powered by WPeMatico
Portofino’s backers believe that access to high-frequency trading, or HFT, could bring more hedge funds and institutional investors into crypto. Go to Source Powered by WPeMatico