Cathie Wood praised crypto assets for proving to be safe havens as crisis unfolded in the US banking system last week. Ark Investment‘s Cathie Wood is known for making some of the bold bets in crypto. Even during the strong downfall of 2022, Cathie Wood has been a regular investor in crypto companies like Coinbase. … Read more
FTX’s sister trading firm Alameda has agreed to sell its interest in Sequoia Capital to a UAE-based entity. Alameda Research appears set to sell its interest in Sequoia Capital to Abu Dhabi for $45 million. According to a recent report, the FTX sister trading firm agreed to sell the Sequoia stake to the Abu Dhabi sovereign wealth fund in … Read more
As per reports, Galois Capital has nearly $100 million worth of funds stuck with the crypto exchange FTX. The contagion of FTX’s collapse last year in November 2022 continues to spread across the crypto market. Crypto hedge fund Galois Capital has become the latest victim of the FTX collapse. As per the details, Galois Capital … Read more
Tron DAO has committed $100 million to AI Service Payment Platform, AI Infused Oracles, AI Informed Investment Management Services, and AI-generated Content. The Tron DAO ecosystem has shown its commitment to the future growth prospects of Web3 through its $1 billion development fund. Different projects focused on the Tron ecosystem including HackaTRON, TRON/BTTC Integration Fund, … Read more
While the Japanese government’s pension fund, the largest in the world posted its losses, there are a number of global business outfits that are recording similar losses. As the global economy continues to fight for resilience, the world’s largest pension fund, the Japanese Government Pension Investment Fund (GPIF) has recorded another quarter of loss as … Read more