A third-party audit report released by JS Held on Nov. 16 revealed that Luna Foundation Guard spent $2.8 billion after the UST de-peg to come out of the debacle. Notably, it has become clear that the ...
Tag: Billion
Silbert’s Once-$10 Billion Crypto Empire Is Showing Cracks
(Bloomberg) — Suspended withdrawals at cryptocurrency brokerage Genesis amid the widening crypto-market meltdown have cast an unwanted spotlight on Barry Silbert, the man at the helm of the Digi...
New Audit Report Shows Terra’s LFG Spent Over $2.8 Billion To Defend UST Peg ⋆ ZyCrypto
Advertisement     Luna Foundation Guard (LFG), the entity behind the collapsed Terra ecosystem, spent $2.8B (80,081 BTC and 49.8M in stablecoins) to defend UST’s peg, ...
Circle’s USDC issuance falls 3 billion from Binance stablecoin conversions
Circle, the company behind the issuance of USDC Coin (USDC), said recent events have caused it to miscalculate its financial projections — referring to the collapse of FTX and a decision by rival exch...
FTX and Bankman-Fried sued in $11 billion consumer class action
Investors have formally sued troubled FTX cryptocurrency exchange alongside former CEO Sam Bankman-Fried, for losses incurred by ‘unsophisticated investors’. The consumer class action lawsuit worth $...
Value Locked in Defi at Its Lowest Point Since March 2021, Smart Contract Tokens Shed $22 Billion in 36 Days – Bitcoin News
Smart contract platform tokens and decentralized finance (defi) protocols have taken a beating since the FTX collapse last week. The market capitalization of all the smart contract platform tokens in ...
Luna Foundation Guard, TFL Spent $3.4 Billion to Defend UST Peg: Report
A new audit report revealed that the two entities behind the Terra ecosystem, LFG and TFL – collectively spent more than $3.4 billion between May 8th-12th, 2022, to defend the peg of the fallen stable...
Luna Foundation Guard says it spent $2.8 billion to defend UST peg
Luna Foundation Guard (LFG), a non-profit created in January to grow the Terra ecosystem, has published an audit stating that it spent $2.8 billion in bitcoin and stablecoins to defend the TerraUSD (U...
Elon Musk’s Twitter Buyout Was A Billion Dollar Windfall For These 13 Hedge Funds
Wall Street billionaires Carl Icahn, Ken Griffin, Israel Englander and Daniel Loeb can thank Elon Musk for what might be 2022’s easiest money trade. For many hedge funds, Elon Musk’s $44 billion “forc...
Top Whale Adds 655 Billion Shiba Inu
– Advertisement – Major Shiba Inu Whale scooped 655.75 Billion SHIB in the past 24 hours. Etherscan.io data reports that the 7th biggest Shiba Inu Whale accumulated a gargantuan 655,759,41...
Stocks Rally Following Strong Inflation Report, Buffett Bets $4 Billion On Chipmakers
Topline Stocks surged Tuesday morning before settling into modest gains, with Berkshire Hathaway’s latest investments leading the rally, after another promising inflation report stoked hope the Federa...
DeFi Weekly Exchange Volume Hits $32 Billion Amid FTX Collapse
The shockwaves from FTX’s historic collapse are still being felt across the industry today, but some industry segments, like DeFi, are actually doing better because of it. Trading volumes on decentral...
SEC enforcements and remedies reached $6.4 billion last year
The Securities and Exchange Commission announced that penalties, as well as remedies to investors affected by criminal or civil wrongdoing, reached a total of $6.4 billion during the last federal fisc...
Walmart Offers $3.1 Billion To Settle Opioid Lawsuits—Joining Rival Retailers Accused Of Fueling Drug Crisis
Topline Walmart on Tuesday offered to pay $3.1 billion to settle claims it mishandled prescriptions for powerful painkillers, joining a growing list of companies striking billion dollar deals to end r...
World population reaches 8 billion, but how many are in crypto?
The global population figure has just reached a huge milestone, with 8 billion souls now sharing the planet. Meanwhile, crypto adoption continues to grow. According to Worldometer, which draws estima...
Warren Buffett’s Berkshire Hathaway Takes $4 Billion Stake In Taiwanese Semiconductor Giant TSMC
Legendary investor Warren Buffett. Illustration by Shanshan Kao for Forbes Asia; Photos by Michael Prince/The Forbes Collection; Getty U.S. billionaire Warren Buffett’s conglomerate Berkshire Hathaway...
Quants Forced to Shed $225 Billion of Short Bets in Big Squeeze
(Bloomberg) — Fast-money quants were effectively forced to buy an estimated $225 billion of stocks and bonds over just two trading sessions, as one of Wall Street’s hottest strategies in the gre...
Buffett Takes $5 Billion Stake in TSMC, Sparking Surge in Shares
(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. took a stake of about $5 billion in Taiwan Semiconductor Manufacturing Co., a sign the legendary investor thinks the world’s leading chipma...
$3 Billion in Bitcoin Left Exchanges This Past Week
The chaos that ensued following the FTX scandal the past week has caused much uncertainty in the market. Investors have lost confidence in institutions and exchanges holding their funds and have respo...
Over $8 Billion Withdrawn From Exchanges Following FTX Collapse
Net exchange outflows have soared in the wake of FTX’s bankruptcy, inciting crypto holders everywhere to look after their own digital assets. Data from on-chain analysis firm CryptoQuant shows that o...
Crypto Trading Platforms Deal With Massive Withdrawal Requests — Over $5 Billion in BTC, ETH Removed From Exchanges – Exchanges Bitcoin News
During the last week, the crypto community has been dealing with the demise of FTX and its affiliated crypto businesses, and ever since then, the proof-of-reserves topic has found its way to the foref...
Crypto.com CEO claims $1 billion recovered from FTX exposure
Crypto.com CEO Kris Marszalek came online to answer pressing questions from the industry after a weekend of simmering in hot water in the wake of FTX’s filing for Chapter 11 bankruptcy protectio...
$1 Billion Bitcoin Withdrawn From Binance, 1.6 Million ETH Withdrawn From Exchanges – Trustnodes
Exchanges are currently seeing a mass exodus with more than 59,000 bitcoin, worth about $1 billion, withdrawn from Binance. Coinbase, as one of the oldest and the biggest, had even more withdrawn, 69,...
$180 billion wiped from crypto market in 7 days; More pain ahead?
As the recent drama surrounding FTX, one of the largest cryptocurrency exchanges in the world, continues to send shockwaves across the cryptocurrency sector, digital assets are struggling to recover, ...
A Week That Sent the Crypto Market Cap Plummeting to $841 Billion
The crypto market finished a brutal week with Bitcoin losing over 21% in value within seven days following the FTX saga. The Market Tumbles The Halloween party was over but its remnants are seemingly ...
Chinese Real Estate Tycoons Gain Almost $4 Billion After Beijing Surprises Market With Sweeping Support
Wu Yajun (left), cofounder-chair of Longfor Group Holdings, and Yang Huiyan, co-chair of Country Garden. Courtesy of Longfor; courtesy of Yang Huiyan Two of China’s richest female real estate tycoons—...
582 Billion Shiba Inu (SHIB) Leaves ShibaSwap
– Advertisement – Over 582.73 Billion Shiba Inu (SHIB) moved out of ShibaSwap in the past 24 hours. The wallet labeled “timmie.eth” unstaked an alarming 572.60 Billion Shiba Inu (SHIB) fro...
FTX faces criminal probe in Bahamas after company collapses, loses $1 billion in crypto
The cryptocurrency exchange FTX is facing a criminal inquiry in the Bahamas after the company filed for bankruptcy and essentially collapsed last week. FTX, co-founded by former crypto billionaire and...
Binance Reveals It Has Over $70 Billion in Reserves
After the chaos that unfolded this past week with FTX, many exchanges and firms have taken a pledge towards transparency and have revealed the balances of their hot and cold wallets. Binance, who was ...