Finance
Crypto Distress Prompts Fir Tree, a Hedge Fund, to Seek Profit From Turmoil
“Fir Tree is at its best when we identify opportunities that are mispriced, dislocated or complex. Rarely do we encounter situations that are all three, but that is precisely what we are seeing in digital assets right now,” Fir Tree said.
Binance Cut 1,000 Workers in Recent Weeks: WSJ
Binance has laid off over 1,000 workers globally in recent weeks, the Wall Street Journal reported.
XRP Gets Binance.US Listing as Exchange Joins Rivals’ Embrace
Trading XRP on Binance.US began Friday.
BlackRock CEO Larry Fink Talks Up Crypto Demand From Gold Investors
The CEO of $8.5 trillion asset manager BlackRock (BLK) said “more and more” gold investors have been asking about the role of crypto over the last five years.
Ripple’s XRP Summary Judgment Positive for Coinbase, Price Target Raised to $120: Needham
The court’s decision should moderately de-risk the regulatory pressure on the crypto exchange’s stock, which is a significant overhang on the share price, the broker’s report said.
Setting Boundaries: Defining Active and Passive Management for Crypto
From single-token buy-and-hold to quantitative management, we compare the pros and cons of 3 different approaches to crypto investing.
Coinbase CEO Brian Armstrong Asks Twitter Followers if Their BofA Accounts Were Closed Because of Crypto Transactions
The Coinbase CEO created a Twitter poll posing the question, and a whopping 9% of respondents said “yes.”
Hedge Funds’ Long-Term Crypto Interest Remains Robust Even as Proportion Investing Drops: PwC
The percentage of funds with crypto exposure fell to 29% from 37% in the past year, though no traditional hedge funds plan to decrease their exposure in 2023.
Circle Cuts Workforce, Ends Certain ‘Non-Core’ Activities; Will Continue Hiring Globally
Stablecoin issuer Circle has cut its workforce slightly to maintain a “strong balance sheet,” the company said Wednesday.