Three Arrows Capital Faces Liquidation Pressure Amid Market Crash
Following a drastic market slump, crypto hedge fund Three Arrows is facing widespread liquidation, which could reduce the firm’s holdings. Three Arrows’ future difficulties have sparked speculation after founder Zhu Su claimed on Twitter that the company is “communicating with relevant parties” and “working this out.” The fund was witnessed selling millions of Lido Staked […]
Bitcoin And Lightning Network Can Protect DeFi – Michael Saylor
According to Michael Saylor, Bitcoin provides a strong ethical, economic, and technical underpinning for DeFi. Given the current turbulence in the decentralized finance (DeFi) industry, Bitcoin (BTC) maximalist and MicroStrategy CEO Michael Saylor believes Bitcoin and the Lightning network can save the DeFi business. The DeFi sector is in trouble, with two big protocols, Terra […]
Tether Denies Rumors About Its Reserves, Three Arrows Connection
Tether has condemned the false rumors regarding the portfolio of commercial papers and also connection with Three Arrows Tether denies rumors about its reserves Tether, the issuer of one of the most popular stablecoins (USDT), denied rumors about the portfolio of commercial papers that make up USDT’s covering reserves today, June 15. Tether also stated […]
Celsius Reportedly Seeks Legal Advice For Restructuring
A report has it that Celsius onboarded attorneys to discover possible answers to the current financial issues that the company is facing. Celsius Network (CEL) has hired restructuring lawyers from Akin Gump Strauss Hauer & Feld to investigate potential remedies to the company’s financial issues. Apart from attempting to fix its current challenges, the company […]
BlockFi Lays Off 20% Of Employees Due To Crypto Crash
Unlike Binance and Ripple who are still hiring workers despite the recent crypto crash BlockFi laid off 20% of its workers The current status of the digital market appears to be wreaking havoc on the economies of several crypto exchanges. BlockFi, Crypto.Com, and Gemini are just a few examples of bitcoin lending and exchange platforms. […]