Markets • March 15, 2023, 8:24AM EDT Ark Invest, Cathie Wood’s investment management firm, added 186,284 Block shares to three funds on Tuesday. The purchases were estimated at around $13.7 mill...
Tag: funds
Euler Finance demands 90% funds back from hacker
Euler Finance, a non-custodial lending protocol built on Ethereum, is attempting to negotiate a settlement with the hacker who stole millions of dollars from the protocol. Euler also threatens to sue ...
DeFi Hack: Euler Finance Pushes to Recover Funds After Blocking Vulnerable Module
Euler Finance, a lending protocol in the decentralized finance (DeFi) space, which has witnessed several losses of funds through network exploits, has fallen victim to the largest exploit so far in 20...
FTX Continues to Move Funds Amid Ongoing Investigations
FTX, a cryptocurrency exchange, has reportedly moved around $145 million in stablecoins across various platforms, according to Lookonchain. Three wallets associated with FTX and its subsidiary, Alamed...
Ark Invest adds $6.4 million worth of Block shares across three separate funds
Cathie Wood’s Ark Invest added 92,165 Block shares to three funds on Monday. The purchases were estimated at around $6.4 million. Ark Invest added 77,991 Block shares to its Ark Innovatio...
Euler Finance blocks vulnerable module, working on recovering funds
Decentralized finance (DeFi) lending protocol Euler Finance became a victim of a flash loan attack on March 13, resulting in the biggest hack of crypto in 2023 so far. The lending protocol lost nearly...
Crypto Firms Announce Funds Caught in Signature Bank Closure
Coinbase announced that it had about $240 million in corporate funds at Signature Bank, but expects a full recovery of all its funds. Several crypto firms, including Paxos, have disclosed their level ...
BlockTower Capital Funds Had Exposure to Silvergate, Signature Bank
According to the Form ADV Filing dated May 11, 2022, the BlockTower Blue Signum SPV fund, which had about $4.6 million in gross asset value at the time of the filing, used Silvergate Bank as its sole ...
Crypto Firms Report Funds Tied Up with Shuttered Signature Bank
On March 12, New York regulators and the United States Federal Deposit Insurance Corporation shut down Signature Bank, a crypto-friendly bank that had reportedly become a systemic risk to the US econo...
Gemini says no funds at Signature Bank backing GUSD
Crypto exchange Gemini had no funds at Signature Bank, and its Gemini US Dollar (GUSD) stablecoin was not backed by any deposits at the failed bank, according to a March 13 official tweet from the com...
XRP Shows Phenomenal Result Amid Largest Weekly Funds Outflows Ever
Gamza Khanzadaev Traditional investors show abnormal interest in XRP despite outflows totaling hundreds of millions of dollars According to CoinShares’ latest weekly report on funds flows into c...
Binance’s CZ announces BUSD recovery funds conversion to ‘native crypto’
Binance CEO has announced that the exchange will convert $1 billion Industry Recovery Initiative funds to native cryptos such as BTC, ETH, and BNB from BUSD. Binance co-founder and CEO, Changpeng “CZ...
FDIC Creates Bridge Banks for Failed Silicon Valley Bank and Signature Bank Clients to Access Funds – Bitcoin News
The U.S. Federal Deposit Insurance Corporation (FDIC) has announced that clients of Silicon Valley Bank (SVB) and Signature Bank (SBNY) can access their funds during normal banking hours on Monday, Ma...
Marathon Digital says it has access to funds held at Signature Bank
Marathon Digital said it has access to $142 million in cash deposits held by Signature Bank, which was closed by state regulators on Sunday. The company said in a statement it has access to the...
Gemini had no customer funds, GUSD at Signature Bank
Crypto exchange Gemini said it held no customer funds or Gemini dollars (GUSD) at Signature in the wake of the bank’s closure by regulators on Sunday. While it used to partner with Signatu...
U.S. Regulators Reassure SIVB Depositors Over Safety of Funds
U.S. Regulators have released a joint statement over Silicon Valley Bank dissolution. The regulators assured that the taxpayer will bear no losses over the bank’s failure. The protection does not cove...
Digital asset funds experience biggest weekly outflows on record
Digital asset investment products experienced outflows of $255 million last week, the largest dollar-figure outflows on record, according to asset manager CoinShares. For the fifth consecutive w...
Binance CEO announces recovery funds conversion from BUSD to ‘native crypto’
The failure of three major crypto-backing banks, Silicon Valley Bank (SVB), Silvergate Bank and Signature Bank caused the stablecoin (USDC) to fall to as low as $0.87 from its $1 benchmark. Amid the ...
Binance Swaps $1 Billion Industry Recovery Funds to BTC, ETH and BNB
The Binance Industry Recovery Initiative wallet held 985,088,975.25 BUSD. Binance converted BUSD to USD through Uniswap at 05:31:47 UTC on March 13. With the failure of crypto-friendly institutions an...
Coinbase, Paxos, and Celsius Report Funds Tied up with Now-Shuttered Signature Bank
Several crypto firms have come forward to report their exposure to the now-shuttered Signature Bank, which was shut down by New York regulators on March 12 in conjunction with the United States Federa...
Binance Converts Industry Recover Funds Into BTC, BNB & ETH
Binance has converted the remainder of its $1 billion in industry recovery funds to other assets. The converted assets include Bitcoin, Binance Coin, and Ethereum. Binance CEO Changpeng Zhao has annou...
XRP News: Ripple Funds Stuck In Collapsed Silicon Valley Bank? Garlinghouse Replies
XRP News: Amid an increasing wave of uncertainty triggered due to the collapse of the United States based crypto friendly banks, Ripple Labs CEO, Brad Garlinghouse decided to address rumors building a...
SVB Clients in Limbo After Seeking Refuge in Money-Market Funds
(Bloomberg) — In the hours leading up to Silicon Valley Bank’s collapse, a slew of startups tried to withdraw their cash. Those that couldn’t turned to a last-ditch option: parking it in third-p...
Coinbase, Celsius and Paxos disclose funds in Signature Bank
Crypto exchange Coinbase, crypto lender Celsius and stablecoin issuer Paxos are among the crypto firms with funds reportedly tied up with the now-shuttered Signature Bank. The crypto-friendly Signatu...
Silicon Valley Bank Depositors Will Have Access to “All” Funds Monday, Say Federal Regulators
“After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to complete its resolution...
USDC Hits All-Time Low As Investors Pull Out Funds From The Stablecoin
USDC has been hit with a bearish wave following news of the collapse of Silicon Valley Bank on March 11. The stablecoin issuer Circle had revealed that it had $3.3 billion in deposits with the defunct...
Hedge funds and banks offer to buy deposits trapped at Silicon Valley Bank
Hedge funds are offering to buy startup deposits at Silicon Valley Bank (SVB) for as little as 60 cents on the dollar, Semafor reported on Saturday, citing people familiar with the matter. Bids range ...
After Silicon Valley Bank Fails, Tech Startups Race to Meet Payroll
Tech startups and other businesses raced to line up sources of cash for payroll and other immediate needs after their deposits in Silicon Valley Bank, long a linchpin of tech financing, were locked up...
Circle will cover funds shortfall caused by Silicon Valley Bank collapse
Circle stated that it initiated to transfer of $3.3 billion funds remaining in SVB However, the transfer was not processed as of Friday and the could be processed on Monday The stablecoin issuer has c...
Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds
USD Coin (USDC) issuer Circle plans to use “corporate resources” to cover the shortfall on its reserves following Silicon Valley Bank’s shutdown, said the company in a statement on M...
“The government has about 48 hours to fix a-soon-to-be-irreversible mistake”: Bill Ackman warns some businesses may not be able to meet payroll after SVB’s failure
“The government has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowingSVB Financial to fail without protecting all depositors, the world has woken up to what an uninsured deposit is ...