Binance will launch a new fund to help prop up crypto projects facing liquidity crunches. Changpeng Zhao, Binance’s CEO, tweeted about the plan early on Nov. 14. “To reduce further cascadi...
Tag: institutional investors
FTX’s head of institutional sales resigns, says team was ‘completely in the dark’ about insolvency
Zane Tackett, head of institutional sales at FTX, sent a letter to clients stating that his team was “completely in the dark” about the firm’s potential insolvency over the course of this week. ...
Cathie Wood buys Coinbase dip, crypto stocks rise
Crypto-related stocks rose, far outpacing the broader crypto market and slightly outpacing the S&P 500, following positive inflation data in the U.S and news that Ark Invest bought the Coinbase di...
Justin Sun says he is working on “solution” with FTX
Justin Sun, the billionaire founder of the Tron blockchain, said late on Nov. 9 that he is working on a solution with FTX, the crypto exchange engulfed in a liquidity crisis. In a tweet, Sun sai...
Sequoia says its investment in FTX is now worthless
Sequoia Capital, a leading venture capital firm, said in a letter to its limited partners that it has marked down the value of all its investments in FTX to zero. The letter, sent today by th...
Dan Tapiero says he’s not ‘all that worried’ about FTX crash
Crypto investment firm 10T Holdings is actually “doing ok” this year despite market volatility surrounding the collapse of FTX, hedge fund veteran Dan Tapiero said at the Token2049 confere...
Genesis reports losses of around $7 million after hedging against market volatility
Crypto trading and lending firm Genesis Trading reported losses of around $7 million “across all counterparties” that include Alameda Research after it hedged and sold collateral on Tuesda...
Genesis, Crypto.com latest companies to distance themselves from FTX crisis
Crypto trading and lending firm Genesis Trading and wallet provider Crypto.com are among the latest companies to distance themselves from the FTX liquidity crisis. The two firms took to Twitter ...
What The Bitcoin Industry Needs To Learn From Forestry
LONDON, ENGLAND – MAY 30: In this photo illustration, a visual representation of Bitcoin … [+] cryptocurrency is pictured on May 30, 2021 in London, England. Bitcoin is a decentralised dig...
How One Hedge Fund Manager Is Using The Retail Investing Frenzy To Turn A Profit
Retail investors have become a force to be reckoned with over the past few years, but what does the dramatic increase in retail activity mean for hedge funds and other institutional investors? Moez Ka...