Just now, the Ethereum-based DeFi liquidity provider, Balancer ($BAL) revealed a report on its TVL (Total Value Locked) which is estimated to be $1.56 billion. The Balancer is one of a well-known Decentralized “Automated Market Makers” (AMMs) on the Ethereum network that lets users quickly swap tokens and be rewarded
After the demise of FTX, the blockchain-based institutional capital marketplace Maple Finance declared on the 5th that it will sever all links with Orthogonal Trading due to the alleged falsification of finances. Maple Finance claims that the decision was made because Orthogonal Trading had been “operating while effectively insolvent” for
Bankrupt FTX subsidiary business Alameda Research made its largest venture investment in Genesis Digital Assets, a cryptocurrency mining firm. On December 3rd, Bloomberg released documents showing that in less than nine months, Genesis Digital had raised $1.15 billion from Alameda. Injection of funds took place between August 2021 and April
According to a Dec. 3 Financial Times report citing people familiar with the subject. Crypto lender Genesis and its parent firm Digital Currency Group (DCG) are believed to owe $900 million to Gemini’s consumers. Furthermore, the problem originated with the shocking FTX crash in November. In cooperation with Genesis, the
The liquidators of Three Arrows Capital (3AC) have publicly criticized the company’s co-founders, Zhu Su and Kyle Davies. For their refusal to cooperate during the restoration of cash to creditors. Liquidator Teneo, appointed by a court in the British Virgin Islands, has frozen $35.6 million in Three Arrows Capital’s Singapore
Su Zhu and Kyle Davies, founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC), have made a comeback on Twitter and in media appearances, and they have a lot to say about the demise of Sam Bankman- Fried’s FTX. However, neither they nor their legal team in Singapore
This past Friday, insolvent cryptocurrency lender Celsius Network reported that Galaxy Digital (GLXY), founded by Mike Novogratz, had won an auction to buy the GK8 self-custody platform. The details of the arrangement, however, were kept under wraps. Galaxy’s co-president, Chris Ferraro, reportedly said that the business acquired the assets for
Similar to Binance, INX has submitted a non-binding letter of intent to purchase troubled assets from defunct asset management Voyager Digital. INX CEO Shy Datika stated in a press release: “We believe that INX can offer the right combination of credibility, technology, and unique regulatory positioning to protect Voyager customers
DAM Finance, also known as DAM, has evolved in its attempts to create a decentralized omnichain stablecoin solution to safely address the liquidity issues that the larger decentralized finance (DeFi) ecosystem is now experiencing. Also, the DAM Finance team has launched the Moonwalkers v1 testnet as part of ongoing initiatives.
On December 1st, the Chainlink development team announced an update to its highly anticipated staking activities. Staking on Ethereum’s mainnet, according to the oracle provider, will become live on December 6th. Furthermore, at first, the lockup period for Chainlink staking may be anywhere from 12 to 24 months. But the
