3AC: A $10B hedge fund gone bust with founders on the run
3AC downfall has led to a multi-billion dollar cascade that has claimed the likes of Celsius, Voyager and many other crypto lending firms with exposure to the hedge fund.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
3AC downfall has led to a multi-billion dollar cascade that has claimed the likes of Celsius, Voyager and many other crypto lending firms with exposure to the hedge fund.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
Bitcoin Price Briefly Crashes to $67,500, Lowest Since August, as Dollar Holds 19-Month High
Bitcoin Magazine Bitcoin Price Briefly Crashes to $67,500, Lowest Since August, as Dollar Holds 19-Month High Bitcoin price traded...
Sygnum Launches ETH Fund Targeting 8–10% Returns in Ether
TL;DR: Sygnum has announced an ETH-denominated fund targeting 8–10% annual returns after fees. The target includes staking income,...
Meta Tests Prediction Markets, DOJ Moves on $1.2 Billion in Binance Hack Funds, and Ancient Bitcoin Stirs
Meta tests a points-based prediction-market app, the DOJ moves to seize $1.2 billion from the Binance hack, and 16-year dormant Bi...
Baillie Gifford adopts Ethereum as legal register for UK funds
Baillie Gifford's use of Ethereum as a legal register for UK funds signals a shift towards blockchain as a mainstream financial in...
Bitcoin Price Today: Negative Funding Rates Signal Growing Bearish Bets as BTC Nears $68K
The latest data presents a mixed picture, however, as Hyperliquid whales have returned to net-long positions despite deteriorating...
Solana memecoin decline reflects return to fundamentals, Seasons CEO says
The shift from memecoins to stablecoins on Solana highlights a trend towards stability and institutional trust, impacting future c...