Avalanche To Power Alibaba Cloud’s Infrastructure Services in Asia
Alibaba Cloud, a.k.a Aliyun, a subset of Chinese e-commerce giant Alibaba, announced an integration with Avalanche blockchain to power the company’s Node-as-a-Service initiatives.
3AC’s Zhu Su, Kyle Davies Have A Week As Liquidator Seek $30M Superyacht Sale
Three Arrows Capital (3AC) liquidators blasted co-founders Zhu Su and Kyle Davies for their non-cooperation affecting the process to return funds to creditors. British Virgin Islands court-appointed liquidator Teneo has seized $35.6 million from Three Arrows Capital’s bank accounts in Singapore and seeks $30 million from the sale of the “Much Wow” superyacht.
Celsius Network Finds Some Respite After Galaxy Digital Acquires GK8
In a relief to Celsius creditors, New York-based crypto investment firm Galaxy Digital made a successful bid to acquire GK8 from the bankrupt crypto lender. This includes all assets, liabilities, and contracts of GK8, a self-custody that helps both traditional and crypto-native clients manage their digital assets.
Alameda Invested $1.15 Billion Into Crypto Miner Genesis: Bloomberg
Alameda Research, the trading firm closely related to embattled exchange FTX, invested $1.15 billion into crypto miner Genesis Digital Assets.
Tether Founder Responds To Concerns Over Not Publishing USDT Reserves
Following the crypto winter in the first half of 2022 and the collapse of the Terra ecosystem, many investors had a paradigm shift with stablecoins such as Tether. Unfortunately, too many such coins have failed to provide the stability they claimed. Hence, users started demanding more transparency in the reserves of most stablecoins.
Bitcoin Remains Calm at $17K After Latest US Job Report (Weekend Watch)
The latest US job report brought some brief volatility for bitcoin, but the asset remained calm overall, around $17,000.
Vechain Extends Its Partnership With Association of Tennis Professionals
VeChain has extended its partnership with ATP to promote brand awareness in Europe.
Ripple Recognized As Fourth Best Workplace For Parents
Leading Silicon Valley tech company Ripple has been recognized among the “Best Workplaces for Parents 2022” by ‘Great Place To Work.’ According to the list, Ripple ranks as the fourth-best workplace for parents in 2022.
FTX Wallet With Over 154B LUNC Discovered, Is LUNC At Risk Of A Price Dump?
LUNC may be at risk of a dump as users discover 154B LUNC on an FTX-owned wallet.
Korean VC Firm Daesung Private Equity Announces $83 Million Metaverse Fund
Daesung Private Equity, a Korean venture capital firm, has announced the launch of a metaverse fund of 110 billion won ($83.5 million). The fund, which will have the participation of the Korean state represented by Korea Venture Investment Corporation’s Korea Fund of Funds, aims to put investments into virtual reality (VR) and digital twins-related businesses.
