Cointime

Cointime

Download App
iOS & Android

Crypto Evening Briefing: FTX To Claw Back $460 Million From SBF-Backed Hedge Fund

Cointime Official

Top Stories

Elon Musk, Bill Ackman, Balaji, Cathie Wood Outrage Over US Fed Decision

Notable personalities including Tesla CEO Elon Musk, billionaire Bill Ackman, former Coinbase CTO Balaji Srinivasan, and Ark Invest CEO Cathie Wood criticized the U.S. Federal Reserve’s rate hikes amid the banking crisis.

FTX To Claw Back $460 Million From SBF-Backed Hedge Fund

On 22 March, the FTX estate filed a motion to enter into a settlement to recover $460 million in assets for stakeholders. The assets are a clawback from a Bahamas-based hedge fund Modulo Capital, which received $475 million in seed capital from FTX’s sister trading firm Alameda Research in 2022. 

Coinbase CEO Sells Shares Prior to SEC Warning

The data shows that Armstrong facilitated four sales transactions since the beginning of March – on Mar. 3, Mar. 15, and two on Mar. 21. He sold a total of 89,196 Coinbase shares — which add up to $5,871,561 in value. Almost half of this amount was sold within the 24 hours before the SEC warning.

Kraken To Suspend Plaid Withdrawals and Deposits via ACH Silvergate

Major cryptocurrency exchange Kraken is experiencing difficulties with the withdrawal and deposit channel related to the automated clearing house (ACH) via Silvergate.

Arbitrum Daily Transaction Count Hits Record High Ahead of Token Airdrop

The number of daily transactions on Arbitrum rose to a new record high of 1,312,052 on Wednesday, surpassing the previous peak of 1,103,398 reached on Feb. 21, according to data source Arbiscan. The Ethereum mainnet processed around 1.08 million transactions.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $27,411.70 USD, dropped by 3.22% in the last 24 hours;

ETH’s live price is $1,750.40 USD, dropped by 2.87% in the last 24 hours;

BNB’s live price is $323.73 USD, dropped by 0.96% in the last 24 hours;

XRP's live price is $0.4464 USD, jumped by 0.27% in the last 24 hours.

Fundraising News

Crypto Platform Ziglu Courting Buyers After Robinhood Deal Collapses: Report

Crypto platform Ziglu is talking with buyers interested in acquiring it for a lower price following the collapse of its acquisition deal with Robinhood (HOOD), Sky News reported on Thursday.

BH Digital Raises $9 Million for Its Liquid Token Strategy

BH Digital has raised $9 million from investors for its liquid token strategy, known as the Nova Digital Opportunities fund.

Ripple Facilitates Mercy Corps Investment in 42 Startups Spanning 23 Countries

Mercy Corps Ventures recently disclosed that Ripple had played a pivotal role in helping them invest in an extensive list of 42 portfolio companies spanning 23 countries worldwide. The disclosure underscores Ripple’s expanding impact in the tech and finance industries as it works to bring financial inclusion to everyone.

Find Satoshi Lab Has Committed To Lead the Strategic Seed Round of Versa Wallet

Find Satoshi Lab has committed to lead the strategic seed round of Versa wallet along with Folius Ventures and a few strategic angels.

Bitcoin Bitcoin $62,070.81
+2.34%
Robinhood Ripple Alameda Research FTX SBF Coinbase Brian Armstrong SEC Kraken Blockchain Crypto Elon Musk Cathie Wood
Comments

All Comments

Recommended for you

  • Uniswap’s market share in DEX has dropped to 36%

    The DEX landscape is undergoing changes, with the market share of the veteran decentralized exchange Uniswap dropping from over 50% in October 2023 to the current 36%.

  • Exowatt completes $20 million financing, a16z participates in the investment

    Startup company Exowatt announced that it is addressing the energy needs of data centers through its ceramic battery technology. The company claims that its technology can store solar energy for months, helping to cope with the rapid growth of power consumption in data centers. The company has received $20 million in seed funding, with investors including a16z and Altman. According to reports, Exowatt has accumulated 1.2 gigawatts of orders, mainly focused on data centers and cryptocurrency mining projects in the United States.

  • Singapore police investigate Worldcoin account transactions, arrest five people

    On September 10th, Singapore's Deputy Prime Minister Heng Swee Keat announced that Singaporean police are investigating seven individuals suspected of providing Worldcoin account and token trading services. This investigation involves possible violations of the Payment Services Act of 2019, and the police have arrested five people.

  • Putin: Russia "supports" Harris, calls her smile "contagious"

    According to foreign media such as TASS and Russia's Sputnik News, Jinse Finance reported that on the afternoon of September 5th local time, Russian President Putin said at the plenary session of the Eastern Economic Forum 2024 that Russia will "support" the US Democratic Party presidential candidate and vice president Harris as recommended by the US President Biden in the upcoming US presidential election. When asked how he viewed the 2024 US election, Putin said it was the choice of the American people. The new US president will be elected by the American people, and Russia will respect the choice of the American people. Putin also said that just as Biden suggested his supporters to support Harris, "we will do the same, we will support her." The report said that Putin also joked that Harris' laughter is "expressive and infectious," which shows that "she is doing everything well." He added that this may mean that she will avoid further sanctions against Russia.

  • An ETH whale repurchased 5,153 ETH with 12.23 million USDT 20 minutes ago

    A certain high-frequency trading ETH whale monitored by on-chain analyst Yu Jin bought 5,153 ETH with 12.23 million USDT 20 minutes ago.

  • CFTC: Uniswap Labs has actively cooperated with the investigation and only needs to pay a fine of US$175,000

    The CFTC has filed a lawsuit against Uniswap Labs and reached a settlement. It was found that Uniswap Labs illegally provided leveraged or margined retail commodity transactions of digital assets through a decentralized digital asset trading protocol. Uniswap Labs was required to pay a civil penalty of $175,000 and cease violations of the Commodity Exchange Act (CEA). The CFTC acknowledged that Uniswap Labs actively cooperated with law enforcement agencies in the investigation and reduced the civil penalty.

  • Federal Reserve Beige Book: Respondents generally expect economic activity to remain stable or improve

    The Federal Reserve's Beige Book pointed out that economic activity in three regions has slightly increased, while the number of regions reporting flat or declining economic activity has increased from five in the previous quarter to nine in this quarter. Overall employment levels remain stable, although some reports indicate that companies are only filling necessary positions, reducing working hours and shifts, or reducing overall employment levels through natural attrition. However, reports of layoffs are still rare. Generally speaking, wage growth is moderate, and the growth rate of labor input costs and sales prices ranges from slight to moderate. Consumer spending has declined in most regions, while in the previous reporting period, consumer spending remained stable overall.

  • Puffpaw Completes $6 Million Seed Round with Lemniscap Ventures as Participant

    Puffpaw has announced the completion of a $6 million seed round of financing, with participation from Lemniscap Ventures. The Puffpaw project plans to launch a blockchain-enabled electronic cigarette aimed at helping users reduce nicotine intake through token incentives. The project encourages users to quit smoking by recording their smoking habits and rewarding them with tokens. Puffpaw's token economics aims to cover 30% of the cost of users' first month of using their product and provide social rewards. The project also considers possible system abuse, but the issue of users potentially reporting smoking habits dishonestly is not yet clear.

  • Affected by Ethervista and others, Ethereum Gas temporarily rose to 33gwei

    According to Etherscan, due to the influence of contracts such as Ethervista, Ethereum Gas has temporarily risen to 33gwei, with the top three being EthervistaRouter, UniswapRouter, and BananaGun.

  • The probability of the Fed cutting interest rates by 25 basis points in September is 55%.

    The probability of the Federal Reserve cutting interest rates by 25 basis points in September is 55.0%, while the probability of a 50 basis point cut is 45.0%. The probability of the Federal Reserve cutting interest rates by a cumulative 50 basis points by November is 32.1%, by 75 basis points is 49.2%, and by 100 basis points is 18.8%.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company