City Arrow Financial News

15.06 / 13:21

business Tether Banks Tether aims to decrease commercial paper backing of USDT to zero

The major stablecoin company Tether is looking to eventually get rid of commercial paper backing for its U.S. dollar-based stablecoin Tether (USDT).

15.06 / 13:03

Stablecoin Tether Tether Condemns 3 'False Rumors’ About Its Exposure

Tether, the company that issues the biggest USD-pegged stablecoin USDT, said that it condemns what it calls “false rumors” that its holdings include large amounts of Chinese commercial paper that supposedly trades at a discount. The company also distanced itself from Celsius (CEL) and Three Arrows Capital-related rumors.

15.06 / 09:17

business Blockchain defi lending Su Zhu’s cryptic statement as rumors swirl of 3AC liquidations and insolvency

Su Zhu, the co-founder of Singapore-based crypto venture capital firm Three Arrows Capital (3AC) has put out a cryptic statement on Twitter in response to swirling rumors that the company is battling against insolvency.

10.06 / 06:29

Adoption Altcoin data Bloomberg Bloomberg Terminal supersizes its crypto coverage: 40 more coins

Financial and technical information platform Bloomberg has vastly expanded its coverage of crypto markets after a decision to include data on the top 50 crypto assets to the Bloomberg Terminal.

09.06 / 18:03

ETF SEC Legal Bitcoin Optimism Rises Towards Grayscale’s Bitcoin ETF Application as Star Legal Counsel Joins Team

Leading voices in the crypto industry are optimistic that Grayscale, the major cryptoasset management firm behind the Grayscale Bitcoin Trust (GBTC), will be successful in getting the necessary approvals to convert the trust to a spot-based bitcoin (BTC) exchange-traded fund (ETF).

03.06 / 17:53

markets ETF Investments Bitcoin bitcoin etfs Over 200K BTC now stored in Bitcoin ETFs and other institutional products

Bitcoin (BTC) investment vehicles are seeing “gargantuan” inflows this month in a fresh sign that traders’ appetite for BTC exposure is mounting.

31.05 / 17:35

Ethereum ETH Lowe's ETH traders couldn’t keep calm as ‘first dress rehearsal’ of the ‘Merge’ was…

Ethererum‘s much-anticipated “Merge” seem to be closer than ever. DeFi investors are hoping that Ethereum’s ‘Merge’ will pull the crypto market out of its current bear market.

30.05 / 22:21

markets Ethereum Investments Trading Ethereum sell-off fears rise as crypto hedge fund moves $60M ETH to an exchange

Ethereum's native token Ether (ETH) rose by more than 5% to reach its intraday high above $1,930 on May 30. Nonetheless, the ETH/USD pair risks facing another sell-off round due to concerns about a massive ETH inflow into an exchange.

20.05 / 15:43

Blockchain cryptocurrency CryptoExplainer Luna crypto sector Terra's Implosion Underscores Crypto Sector's Ability To Quickly Pivot

Crypto Startup Tries to Claw Its Way Back From Luna Disaster

18.05 / 21:31

Binance Altcoins Investing Terra Low From Silence to Humbling Hell - Major Terra Backers Keep Low Profile as the Small Guy Is 'the Biggest Loser'

Major Terra (LUNA) backer Mike Novogratz of Galaxy Digital is still largely silent on the downfall of LUNA and the terraUSD (UST) algorithmic stablecoin, while some other institutional investors have put out vague statements that called the incident “hell for our entire community” and “incredibly humbling.”

07.05 / 05:29

UPS Digital Bitcoin Luna Terra: From UST to TVL, all the reasons why LUNA might be gearing up for a rally

Terra (LUNA) has extended its Bitcoin buying spree, becoming the second-largest corporate holder of the top cryptocurrency. As per this acquisition, the Luna Foundation Guard (LFG) purchased $1.5 billion worth of BTC as per the official annoucement. It did so via an over-the-counter deal with full-service digital currency prime broker Genesis and crypto trading firm Three Arrows Capital.

06.05 / 14:45

Ethereum Federal Reserve Genesis Trading Bitcoin Bitcoin Extends Sell-Off Despite Luna Buying, Strong On-Chain Data

Bitcoin (BTC) and other major cryptoassets fell sharply over the past day, as stock markets around the world reversed earlier gains to losses after the US Federal Reserve (Fed) raised rates by 50 basis points. The sharp fall came despite massive bitcoin buying by Luna Foundation Guard (LFG).

05.05 / 19:37

Stablecoin Investments Genesis Trading Terra Bitcoin Reserve acquires Luna Foundation Guard acquires additional 37,863 BTC as part of reserve strategy

Luna Foundation Guard (LFG), a Singapore-based nonprofit tied to the Terra Luna ecosystem, has raised another $1.5 billion to further expand its already hefty Bitcoin (BTC) reserves.

14.04 / 18:01

business Blockchain Technology avalanche Ava Labs Terra Usd valuation Ava Labs raises $350M at $5.25B valuation: Report

According to a report published by Bloomberg on Thursday, Ava Labs is en route to raising a new round of funding for $350 million at a valuation of $5.25 billion. Details of the agreement have not been made public. Ava Labs is the lead developer of the Avalanche (AVAX) blockchain.

14.04 / 12:31

defi MARKET Investment avalanche Ava Labs AVAX price AVAX Price Rides Wave as Avalanche Developer Reportedly Seeks USD 350M in Funding

With Ava Labs, the lead developer of the Avalanche blockchain, said to pursue new funding round, possibly becoming one of the most highly valued crypto-focused startups, the price of its native coin AVAX is accelerating upwards.

30.03 / 05:21

Blockchain Ethereum ETH Arrow Analysing how Lido became the top ranked DeFi protocol, with TVL over $18B

Despite a plunge in the total value locked in decentralized finance in 2022, Lido Finance continues to see a spike in TVL since 1 March, 2022. It achieved one milestone after the other as the year progressed. In fact, since the starting of this month, the protocol gained 18% in total value locked.

25.03 / 13:23

Blockchain Provident Binance Arrow Binance Invests another $5m in Metaverse Startup Ultiverse

Binance is putting in a fresh $5 million investment in metaverse gaming startup Ultiverse after leading a $4.5 million seed investment a week earlier for the firm.

24.03 / 14:39

markets Altcoin Funding Bottomed out? MINA rises 75% nine days after hitting its worst level to date

MINA, a utility token backed by a "lightweight" smart contracts platform of the same name, continued its upside move nine days after rebounding from $1.58, its lowest level to date.

22.03 / 16:57

markets Ethereum Ethereum 2.0 Liquidity ETH price hits $3K as major crypto fund adds over $110M Ethereum to Lido's staking pool

Ethereum's native token Ether (ETH) rose above $3,000 on March 22 as fresh data suggests Three Arrows Capital staked at least $110 million worth of ETH into Lido's liquidity pools.

16.03 / 05:15

business Facebook Libra Blockchain Diem team members raise $200M to launch blockchain derived from it

Former Meta employees and key players behind the firm’s defunc stablecoin project Diem have raised $200 million to expand a new project dubbed “Aptos.”

04.03 / 10:11

Adoption Funding City-building startup Praxis secures $15M in Series A Funding

Peter Thiel-backed city-building startup Praxis has raised $15 million in Series A funding from a variety of crypto venture firms led by Paradigm Capital, Sam Bankman-Fried's Alameda Research, and Three Arrows Capital.

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