CK Zheng, the previous head of valuation danger at Credit score Suisse and now co-founder of crypto hedge fund ZX Squared Capital mentioned that FTX’s fall was a part of a “deleveraging course of” that started after the COVID-19 pandemic…
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SolChicksNFT CEO, COO leaked messages verify as much as $20M treasury fund loss
by Jeremyby JeremyIn accordance with blockchain detective, ZachXBT, the leaked messages between Wu and Grafton element as much as $20 million in treasury fund losses on account of the UST implosion in leaked messages between the @SolChicksNFT @CatheonGaming CEO and COO…
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Bitget, a well-liked cryptocurrency platform, introduced on Tuesday that it had elevated the quantity of the present Safety Fund to $300 After the FTX collapse, the crypto change Trade An change is named a market that helps the buying…
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The biggest inflows in 14 weeks, at $42 million, coincided with the crypto market’s sharp downturn, triggered by the swift collapse of once-billionaire Sam Bankman-Fried’s enterprise Supply hyperlink
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Altcoin NewsNews
Binance creates business restoration fund to assist initiatives fighting liquidity
by Jeremyby JeremyIn a tweet, Binance CEO Changpeng Zhao stated that the fund goals to scale back the cascading adverse results of the collapse of FTX by serving to initiatives that the Binance CEO described as “sturdy, however in a liquidity
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Exchanges
Binance to launch ‘restoration fund’ for robust initiatives with liquidity disaster
by Jeremyby JeremyTo scale back additional cascading detrimental results of FTX, Binance is forming an {industry} restoration fund, to assist initiatives who’re in any other case robust, however in a liquidity Extra particulars to return Within the meantime, please contact…
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In an open letter, the staff says they’re unable to carry out their work or course of grants and has “basic questions” concerning the legitimacy and integrity of enterprise Supply hyperlink
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Bitcoin NewsNews
Binance tops up SAFU fund at $1 billion amid worth fluctuations
by Jeremyby JeremyIn a tweet on 9, CZ mentioned that the alternate has as soon as once more topped its Safe Asset Fund for Customers (SAFU) at $1 billion equal in gentle of “current worth regulate to current worth fluctuations,…