Crypto Biz: Coinbase downgraded, 3AC deemed insolvent and Michael Saylor buys the dip
Coinbase, Three Arrows Capital and MicroStrategy headline the latest business news from the world of blockchain. Go to Source Powered by WPeMatico
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Better days ahead with crypto deleveraging coming to an end: JPMorgan
A strategist at JPMorgan predicts that the worst of the bear market could be over as stronger crypto firms have come in to bail out the industry in the midst of major deleveraging. Go to Source Powered by WPeMatico
Crypto Biz: Crypto was in full swing at Collision Conference, June 17-23
Despite the bear market in Bitcoin and altcoins, the industry’s builders continue to build for a brighter future. Go to Source Powered by WPeMatico
Nexo hires Citibank to advise on acquisitions during market turmoil
“We’re in this together” — Crypto lending platform Nexo has appointed Citibank to advise on acquisitions from struggling crypto firms. Go to Source Powered by WPeMatico
Crypto brokerage FalconX raises $150M at $8B valuation
FalconX is the latest cryptocurrency firm to secure millions of dollars in fresh funding despite the cryptocurrency markets experiencing a major decline. Go to Source Powered by WPeMatico
Crypto Biz: Crypto carnage pushes Celsius, Three Arrows Capital closer to insolvency, June 9-16
It has been a chaotic week for digital assets. Two firms may be inching closer to insolvency while Coinbase, one of the largest crypto exchanges, laid off almost a fifth of its staff. Go to Source Powered by WPeMatico
Three Arrows Capital weighs bailout as Kyle Davies breaks silence: Report
All options are on the table for 3AC after this week’s crypto market collapse triggered mass liquidations for the hedge fund. Go to Source Powered by WPeMatico
Bear market no issue for Binance Labs’ DeFi incubation program
Binance Labs’ parent firm Binance is also looking to hire 2,000 employees amid the latest market decline as the firm sees bear markets as a “great time to bring on top talent.” Go to Source Powered by WPeMatico
True Global Ventures doubles down on Web3 with $146M ‘follow-on’ fund
The TGV4 Plus Follow On Fund was led by a group of 15 general partners who committed over $4 million on average (over 40%) into the fund. Go to Source Powered by WPeMatico
What are investment DAOs and how do they work?
Investment DAOs where crypto-rich buyers team together to back startups or make investments work based on governance rights enforced through smart contracts. Go to Source Powered by WPeMatico
