Binance plans to deploy $1 billion toward Bitcoin and other cryptocurrencies. The report by Binance could have hedged the Biggest crypto rally. Bitcoin surged briefly above $26,000 before falling back...
Tag: Fund
Tykhe Block Ventures holds first close of $30 Mn Blockchain Growth Fund
Tykhe Block Ventures, a USA-based Venture Capital firm, has announced the first close of it’s Blockchain Growth Fund. The first close was led by a clutch of UHNWIs and Family Offices operating in Sout...
‘It’s a big failure for us.’ Sweden’s largest pension fund invested in both Silicon Valley Bank and Signature Bank before they failed
Sweden’s largest pension fund, Alecta, is under fire this week for investments it made into now-defunct U.S. regional banks. After the collapse of the tech-startup-focused Silicon Valley Bank (SVB) on...
Crypto Fund Outflows Hit All-Time High Last Week, $255M in Bitcoin, Ethereum
Investors pulled a net total of $255 million out of exchange-traded crypto funds last week, the largest weekly outflow CoinShares has ever recorded, according to a report on Monday. Assets under manag...
Hedge fund legend Ken Griffin knocks US SVB depositor save
Hedge fund billionaire Ken Griffin was critical of how the U.S. government saved the depositors at Silicon Valley Bank (SVB), and thinks that is is a lesson in the moral hazard that exists in today’s ...
Binance Swaps BUSD Stablecoin From ‘Recovery Fund’ to Bitcoin, Ethereum, BNB
Binance, the world’s largest crypto exchange by trading volume, responded to the latest drama around the USDC stablecoin by converting the remainder of its $1 billion Industry Recovery Initiative fund...
Hedge fund billionaire Ken Griffin says US should have let SVB die
Hedge fund boss Ken Griffin says the US government should have allowed Silicon Valley Bank to go under as a “lesson in moral hazard,” rather than stepping in with a rescue package, reports the Financi...
DeFiance Capital completes first close of $100 million liquid token fund
Arthur Cheong’s crypto investment firm is back in the game after getting hit by the now-bankrupt crypto hedge fund Three Arrows Capital. DeFiance Capital completed the first close of a new...
Coinbase and Circle cite FDIC to ensure fund recovery
Signature Bank and then Silicon Valley Bank, the traditional banking system, is experiencing one of the worst hit crises that have left customers wondering if they will ever get their funds back. For ...
Top 3 stocks held by Warren Buffett’s hedge fund
Warren Buffett, the Oracle of Omaha, is one of the most respected investors in the world. His hedge fund, Berkshire Hathaway (NYSE: BRK.A), is known for its long-term approach to investing in high-qua...
Binance Coverts its $1B Recovery Fund into BTC, ETH and…
After crypto exchange FTX collapsed in November, Binance established the “Industry Recovery Initiative”, which contains $1 billion in BUSD. Binance CEO Changpeng Zhao announced that the funds will now...
ARK Fund declines: High Interest Rates Claim Another Victim
ARK Fund, the actively managed Exchange-Traded Fund (ETF), has declined since September 2022 due to a high policy interest rate. Cathie Wood’s ARK Fund, under normal conditions, invests nearly 65% of ...
US Discusses Fund to Backstop Deposits If More Banks Fail
(Bloomberg) — The Federal Deposit Insurance Corp. and the Federal Reserve are weighing creating a fund that would allow the regulators to backstop more deposits at banks that run into trouble fo...
US Fund & Venture Capital to Raise $100M for Two Blockchain Funds
1 A US-based digital asset fund and venture capital firm are teaming up to raise $100 million for two new blockchain-focused funds. 2 The funds will be used to invest in a range of blockchain-based te...
Brevan Howard Acquires Dragonfly Capital’s Crypto Fund
Brevan Howard Asset Management has taken over a digital asset fund run by Dragonfly Capital. The takeover signals Brevan Howard’s push into the digital asset space. The new crypto fund will operate un...
Two U.S. SEC Commissioners Blast Their Own Agency for Rejecting VanEck Bitcoin Exchange-Traded Fund Application
Two commissioners at the U.S. Securities and Exchange Commission (SEC) are putting their own agency on blast after the regulator batted down another Bitcoin (BTC) exchange-traded fund (ETF) applicatio...
Brevan Howard takes over Dragonfly Capital Crypto Fund: Bloomberg
Deals • March 11, 2023, 6:14AM EST Global asset management firm Brevan Howard is taking over a hedge fund spun off from crypto investment company Dragonfly Capital. Brevan Howard, which manages ...
Thiel’s Founders Fund Withdrew Millions From Silicon Valley Bank
(Bloomberg) — Peter Thiel’s Founders Fund had no money with Silicon Valley Bank as of Thursday morning as the bank descended into chaos, according to a person familiar with the matter. Most Read...
Huobi Global Announces $100 Million Investment in Liquidity Fund to Enhance Multi-Currency Liquidity
Singapore / March 10, 2023 / Huobi has announced a $100 million Liquidity Fund with the aim of enhancing currency liquidity across several markets. The purpose of this action is to reinforce the seaml...
Huobi To Create $100M USD Liquidity Fund
Singapore, Singapore, 10th March, 2023, Chainwire Huobi has announced a $100 million Liquidity Fund with the aim of enhancing currency liquidity across several markets. The purpose of this action is t...
Justin Sun sets up $100M Huobi liquidity fund following HT flash crash
Ad Huobi has set up a $100 million liquidity fund following a 90% flash crash of the exchange’s Huobi Token (HT) on March 9. The exchange’s global adviser Justin Sun confirmed this development, adding...
Hedge Fund Elliott’s Win Is A Victory For Japan, Too
Tokyo’s skyline at dusk. Dukas/Universal Images Group via Getty Images For over a decade now, Japan has pledged to enact big reforms to get its economy back in the race against China. And with l...
Alameda Research to Sell Sequoia Interest to Abu Dhabi Sovereign Wealth Fund for $45M in Cash
FTX’s sister trading firm Alameda has agreed to sell its interest in Sequoia Capital to a UAE-based entity. Alameda Research appears set to sell its interest in Sequoia Capital to Abu Dhabi for $45 m...
Coinbase and $20,000,000,000 Hedge Fund Backing New Decentralized Crypto Exchange
Top US-based crypto exchange Coinbase is teaming up with a privacy-focused crypto firm to launch a new decentralized exchange (DEX) platform. In a new press release, decentralized finance (DeFi) firm ...
$54B fund partner runs women-only DAO, LatAm blockchain gaming guild – Cointelegraph Magazine
Clara Bullrich must have cloned herself or possibly invoked dark forces that shouldn’t be meddled with. Somehow, she’s managed to cram about four careers into one life. Her main gig is leading her own...
FTX to Sell Remaining Interest in Sequoia Capital to Abu Dhabi Sovereign Wealth Fund
According to the papers filed with the court, Alameda Research, the investment division of FTX, has reached an agreement to sell the company’s remaining stake in Sequoia Capital to Al Nawwar Inv...
Would The Housing Trust Fund Be Better Spent On Direct Assistance?
Does Housing Trust Fund spending add up for families in need? getty Next up in our review of federal housing programs: the Housing Trust Fund (HTF) and the HOME Investment Partnerships Program (HOME)....
This fund has increased its dividend for 56 straight years. Now it’s snapping up GE.
Markets are nearing the end of a tough week, with one more hurdle to go after Fed Chairman Jerome Powell set investors straight on his willingness to go to the mat on inflation. Next up is Friday’s no...