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BTC and altcoins could continue to see selling, but a positive is that traders took shelter in stablecoins instead of completely exiting the crypto market.
According to “well-placed sources,” speaking with The Block reporter Frank Chaparro, the digital currency hedge fund known as Three Arrows Capital (3AC) may be facing insolvency after significant liquidations. Sources…
“We are in the process of communicating with relevant parties and fully committed to working this out” Su Zhu stated.
Concerns over stock market strength are far from universal as crypto correlation to U.S. equities fails to phase 3ac's Zhu Su.
The new fund, Starry Night Capital, plans to exclusively invest in “the most desired” NFTs on the market.