A federal bankruptcy court judge in Delaware did not rule on whether to appoint an examiner in FTX’s enormous bankruptcy case, and instead will allow lawyers to discuss a “consensual resolution” on th...
Tag: Deals
DCG and Genesis branches agree on a restructuring plan: CoinDesk
Digital Currency Group and Genesis subsidiaries have reached an initial agreement on a restructuring plan with a group of the firm’s main creditors, according to CoinDesk. This comes after Gene...
Bankman-Fried’s texts may harm his legal defense
Sam Bankman-Fried just threw a wrench in his criminal trial before it even started. A judge barred Bankman-Fried from using “encrypted or ephemeral” messaging apps like Signal until a court hear...
FTX debtors want political donations returned by end of the month
Troubled crypto exchange FTX is asking political figures and groups to return donations linked to former CEO Sam Bankman-Fried and other FTX executives by the end of February. FTX is sending con...
A16z votes against proposal to deploy latest Uniswap iteration on BNB Chain
A proposal to deploy the latest version of decentralized exchange Uniswap on the BNB Chain passed an early temperature check, and a full governance vote on the Uniswap DAO is bringing the heavy hitter...
Pantera exec Joey Krug leaves crypto investment firm: CoinDesk
Pantera Capital co-Chief Investment Officer Joey Krug has left the venture capital and investment firm, CoinDesk reported, citing a letter sent out to partners on Friday. Krug joined Pantera Ca...
Crypto market continues to rise, while Silvergate shares seesaw after probe report
Bitcoin settled around $23,570 at 5:20 p.m. EST after climbing as high as $24,100 earlier in the day, according to TradingView data. It’s up about 0.4% over the past day following the Federal Re...
Bitcoin mining infrastructure startup Giga Energy raising $10 million in Series A
Giga Energy, a bitcoin mining infrastructure startup focused on utilizing wasted natural gas as a power source, is raising $10 million in Series A funding. The funding will help the Texas-based ...
10 leading financial advisors accounted for $5.8 trillion of M&A deals value in 2022
Merger and acquisition (M&A) transactions are a crucial aspect of the global business ecosystem, and the right financial advisor can make all the difference in their success. Indeed, there are a f...
Federal Reserve raises interest rates by 25 basis points, as expected
The U.S. Federal Reserve raised the target range for the federal funds rate by 25 basis points to 4.5-4.75 percent, bringing the interest rate to a 15-year high. Wednesday’s interest rate decisi...
Tether denies it borrowed $2B from Celsius, as described in court report
Stablecoin issuer Tether is pushing back against assertions that it borrowed funds from failed crypto lender Celsius. According to a nearly 700-page report filed Tuesday from court-appointed ex...
Judge approves Core Scientific’s $70 million loan from B. Riley
Bankrupt bitcoin miner Core Scientific got the green light from a bankruptcy judge to move forward with a $70 million debtor-in-possession (DIP) loan from B. Riley. Representatives of the compan...
DeFi protocol Archimedes raises $4.9 million in seed funding
Archimedes, a decentralized lending and borrowing protocol focused on leverage, raised $4.9 million in a seed funding round. Hack VC led the round, with Uncorrelated Ventures, Truffle Ventures, ...
Market trades flat ahead of Fed’s interest rate decision
Crypto prices remained mostly flat after the market opened on Wednesday, as traders await the Federal Reserve’s interest rate decision and comments from the subsequent press conference this afternoon....
Celsius creditors contemplate next steps following examiner report
Despite a damning report from a court-appointed examiner, lawyers representing former Celsius customers told clients they are still in talks with the company around a “recovery corporation”...
CME’s crypto derivatives reach new highs as traders seek safe port in storm
Derivatives trading giant CME Group has clocked a record high in volume and open interest for bitcoin options as traders flock to the venue in the wake of the FTX meltdown. Bitcoin options volum...
Core Scientific reaches deal with B. Riley for $70 million replacement loan
Bankrupt bitcoin miner Core Scientific has reached a new $70 million loan agreement with B. Riley. The company has asked the court to approve the financing as a replacement for the $75 million debtor-...
Crypto prices flat, while Dogecoin rallies
Crypto prices remained mostly flat after the market opened on Tuesday, with Dogecoin rising significantly by 8.1%, outperforming the top 10 coins. Bitcoin fell 0.3% to $23,117 around 9:50 a.m. E...
Pickleball Lands A Few Television Deals
COLUMBUS, OHIO – OCTOBER 15: Zane Navratil and Parris Todd of BLQK celebrate a point during a group … [+] play Major League Pickleball match against the Florida Smash at Pickle & Chill...
Co-signers of Bankman-Fried’s $250 million bond a step closer to becoming public
The names of two people who co-signed for disgraced FTX founder Sam Bankman-Fried’s bond are one step closer to becoming public after a federal judge granted a motion to unseal their names. The identi...
FTX-linked Alameda Research sues Voyager Digital for over $445M
Troubled crypto trading firm Alameda Research is suing failed crypto lender Voyager Digital for more than $445 million, seeking to recover loan repayments that it made after Voyager filed for bankrupt...
Bankman-Fried sought ‘constructive relationship’ with criminal case witness
Prosecutors shared copies of Sam Bankman-Fried’s messages to FTX CEO John Ray III and an unnamed witness in new court documents on Monday, as lawyers seek to restrict the FTX founder’s communication w...
Indiana Pacers Salary Cap Situation More Clear After Deals Guarantee And Myles Turner Reportedly Extends
INDIANAPOLIS, INDIANA – JANUARY 14: James Johnson #16 of the Indiana Pacers blocks a shot attempt by … [+] Xavier Tillman #2 of the Memphis Grizzlies in the fourth quarter at Gainbridge Fi...
Five Factors Complicating Direct Deals Right Now For Family Offices
When formulating direct investment strategies in 2023 and beyond, family offices have to consider … [+] several factors along with trust and confidence to successfully reach their goals. Getty I...
10 Last-Minute Valentine’s Day Travel Deals
Forget pricey dinner reservations, this couple found a “love swing” in the Alps. getty Procrastinators need not worry this Valentine’s Day thanks to the plethora of gift ideas and travel d...
What the FTX creditor matrix does — and doesn’t — tell us about the exchange’s bankruptcy
FTX filed a massive creditor matrix in bankruptcy court this week, naming law firms, luxury restaurants, media outlets and state government agencies as creditors that may be owed money by the troubled...
Big funding rounds, layoffs and FTX developments
The past week saw an interesting set of big funding announcements, although the overall market sentiment remains bearish. Several companies announced job cuts as they struggled to stay afloat with the...
Prosecutor seek to restrict Bankman-Fried’s bail terms after apparent attempts to influence witnesses
U.S. Attorneys want to restrict FTX founder and ex-CEO Sam Bankman-Fried’s access to encrypted messaging services and bar communication with former FTX and Alameda employees, after prosecutors suggest...
BH Digital didn’t just get Dragonfly’s head of liquid strategies, it got the whole team
Brevan Howard Digital didn’t just hire Dragonfly’s head of liquid strategies — it scooped up the whole team. The firm said on Thursday that Dragonfly’s Kevin Hu, a former general partner...
Ether below $1,600, Silvergate down on dividend deferral, Coinbase pops 10%
Crypto prices remain relatively steady, with most of the major coins flat or marginally higher. Silvergate sank after suspending a preferred dividend. Bitcoin was trading at $23,000 by 11:50 a....