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Staking Protocol EigenLayer Raises $50M Amid Crypto Winter
28.3.2023
Blockchain Capital led the round for the solution that allows Ethereum stakers to reuse those tokens
Paradigm Leads $7M Round for Optimism-Based Startup Conduit
28.3.2023
The newly announced startup will help developers launch Optimism-based applications
European DeFi startups saw 120% increase in VC investment in 2022: Data
27.3.2023
Despite the ongoing tumultuous market conditions, VC investments in European crypto startups hit an all-time high of $5.7 billion in 2022
Billionaire Barry Sternlicht Warns of Hard Landing — Says ‘Economy Is Going to Implode’
26.3.2023
Billionaire Barry Sternlicht, chairman and CEO of Starwood Capital Group, has warned that the U.S. economy is going to implode, emphasizing that interest rates have to fall. He further stressed that the economy “will have a hard landing.” Barry Sternlicht on Hard Landing, Economic...
Venture capitalists bail on Zipmex bailout, company warns of consequences: Report
24.3.2023
V Venture, a subsidiary of a Thai shipping company, missed a payment on its $100 million buyout of the troubled crypto exchange
A Three Arrows Capital Founder Talks About His New Crypto Bankruptcy Exchange
24.3.2023
Less than a year after Three Arrows Capital imploded along with $2.5 billion of its clients' money, the hedge fund's founders Su Zhu and Kyle Davies are back on the scene with what appears, to their credit, to be an impressive bankruptcy exchange, but is it too soon?
Zipmex Acquisition Stumbles as Buyer Misses Payment: Bloomberg
24.3.2023
The payment was due on March 23 and was required to fund working capital
3AC co-founder can answer subpoena or 'take his chances' — US judge
24.3.2023
The U.S. judge presiding over the Three Arrows Capital bankruptcy case has upped the pressure on Kyle Davies to comply with a January-issued subpoena
Mysten Labs to Buy Back Equity, Token Warrants From FTX Bankruptcy Estate for $96M
23.3.2023
FTX Ventures invested $101 million in Mysten Labs just months before Sam Bankman-Fried’s empire collapsed. Now, Mysten is buying back the stake (and Sui token warrants) for $96 million through bankruptcy court
Multichain Wallet Bitkeep Raises $30 Million From Bitget to Strengthen Links Between Defi and Cefi
23.3.2023
On Wednesday, the multichain wallet Bitkeep announced it raised $30 million from the crypto derivatives platform Bitget. Bitkeep now has an overall valuation of $300 million, with goals aimed at strengthening the links between decentralized finance (defi) and centralized finance (cefi). Bitget...
FTX seeks to claw back $460M from Bankman-Fried-backed VC firm
23.3.2023
While the funds represent a small portion of FTX’s overall asset shortfall, the settlement means the firms can avoid a costly legal battle
FTX Bankruptcy Estate to Claw Back $460M From Modulo Capital
23.3.2023
Alameda Research seeded little-known Bahamas-based hedge fund Modulo Capital with $475m in 2022. The recovery includes $404m of cash
‘Smart Money’ Tools Reveal Where Crypto Capital Is Moving
22.3.2023
Tools that track “whale activity” can provide real-time insight into how capital is moving in digital assets such as bitcoin and liquid staked ether and can inform investing decisions
European Crypto Startups Raised Record $5.7B in VC Funding in 2022
22.3.2023
A new report from crypto VC firm RockawayX and startup data provider Dealroom showed strength in the region despite the crypto winter
Seed Club Ventures Emerges With $25M to Back DAOs
21.3.2023
The investor collective, also organized as a DAO, includes noted crypto firms Multicoin Capital, Delphi Digital and Dragonfly
A16z Leads $40M Funding Round for CCP Games
21.3.2023
The studio behind Eve Online is planning a blockchain-backed title
First Republic Bank’s Shares Downgraded to Junk Status by S&P Global; Stock Slides More Than 25% Lower
20.3.2023
After UBS acquired Credit Suisse and close to a dozen financial institutions injected $30 billion into First Republic Bank four days ago, S&P Global downgraded First Republic’s shares to junk status on Sunday. Investors are concerned that the cash infusion from 11 major financial...
Several Major Central Banks Take Coordinated Action to Boost Liquidity Amidst Banking Crisis
20.3.2023
On Sunday evening, March 19, 2023, at 5:00 p.m. Eastern Time, the U.S. Federal Reserve, along with several central banks including the Bank of England, Bank of Canada, Bank of Japan, the European Central Bank, and the Swiss National Bank, announced a coordinated action to enhance the provision...
SVB's UK arm issues 15M pounds in bonuses after symbolic bailout: Report
19.3.2023
Insider sources reportedly described the bonus pool as “modest,” adding that the stock held by senior execs had been “rendered worthless” following SVB UK’s "near-collapse.”
US Bank Outflows and Concerns Mount: 11 Banks Bail Out First Republic Bank From Collapse
17.3.2023
After the fall of Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank (SNBY), First Republic Bank, a commercial bank and wealth management services provider, is the latest financial institution to receive a bailout. Close to a dozen lenders announced they will deposit $30 billion into...