Core Scientific sold $167M worth of Bitcoin holdings in June
The sale left the firm with 1,959 BTC at the end of the second quarter, a more than 75% drop when compared with its reported 8,058 BTC holdings as of…
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Nexo Taking Steps to Acquire Distressed Crypto Lender Vauld
Vauld is one of several crypto lending firms facing insolvency issues due to the crypto market downturn. Nexo Looks to Acquire Vauld Nexo is making plans to acquire Vauld. In...
CoinLoan Decreases Its Withdrawal Limit by 99%
CoinLoan just set a new daily withdrawal limit of $5,000 for its customers, a 99% decrease from its previous limit. The company claimed it was unaffected by the recent market...
Beaten by the Market, Vauld Becomes Latest Crypto Lender to Freeze Withdrawals
The crypto lending and trading platform Vauld has suspended customer withdrawals and hired financial and legal advisors to help it evaluate potential paths forward amid volatility in the crypto market....
KuCoin CEO Denies Withdrawal Freeze Rumors
The rumors surfaced hours after Voyager Digital announced it was freezing customer withdrawals amid the ongoing Three Arrows Capital crisis. KuCoin Operating as Normal, CEO Insists Rumors that KuCoin could...
BlockFi announces deal with FTX US, including ‘option to acquire’ for $240M
According to CEO Zac Prince, BlockFi signed agreements with FTX US totaling $680 million — for a company that had a $5 billion valuation in June 2021.
BlockFi Will Be Acquired by FTX.US for Up to $240M
BlockFi will also receive a $400 million rolling credit facility from FTX.US. BlockFi Inks Deal With FTX.US BlockFi has agreed to an acquisition deal with FTX.US. (Long thread!) Excited to...
Tether Reduces Commercial Paper Reserves by Another $5B
USDT issuer Tether is shifting its reserves away from commercial paper to low-risk U.S. treasury bills. Tether Cuts Paper Asset Reserves Tether is reducing its commercial paper reserves. The USDT...
Ignite CEO announces departure after seven years
Peng Zhong stepped down as CEO roughly a month after former company head Jae Kwon said he would be leading NewTendermint, part of Ignite's split to two firms in May.
June roundup: Who’s hiring and who’s firing in the crypto space
Binance, Ripple and Kraken are hiring, while Coinbase, Gemini, and Crypto.com have announced staff cuts.
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