Singapore’s Monetary Authority Finally Notices Three Arrows’ Capital AUM Discrepancy; Bitcoin Holds Above $19K in Weekend Trading

Singapore’s Monetary Authority Finally Notices Three Arrows’ Capital AUM Discrepancy; Bitcoin Holds Above $19K in Weekend Trading

“Bitcoin price action remains weak, with some volatility seen on both sides, which is typical in pauses between trend continuations,” Joe DiPasquale, CEO of crypto asset manager BitBull Capital, wrote in an email to CoinDesk. “Currently, we expect BTC to see more downside action but we are also keenly watching the market’s reactions to assess … Read more

Is the World’s Computer Falling Behind?

Is the World’s Computer Falling Behind?

Sunny Aggarwal, the co-founder of the Cosmos-based Osmosis exchange, explained to CoinDesk, “Almost every rollup platform right now is all single operator – whether it’s Arbitrum, Optimism or StarkWare.” In other words, one company or computer, rather than a distributed network of node operators, is responsible for bundling up the transactions that eventually get passed … Read more

Compass Mining CEO and CFO Resign Amid ‘Setbacks and Disappointments’

Compass Mining CEO and CFO Resign Amid 'Setbacks and Disappointments'

“Compass Mining was created to make mining easy and accessible,” said the statement. “The company recognizes that there have been multiple setbacks and disappointments that have detracted from that objective. Through this restructuring, the company is wholly focused on regaining the goodwill of the company’s stakeholders and the community, as well as delivering on the … Read more

Goldman Sachs Leading Investor Group to Buy Celsius Assets: Sources

Goldman Sachs Leading Investor Group to Buy Celsius Assets: Sources

Goldman Sachs appears to be gauging interest and soliciting commitments from Web3 crypto funds, funds specializing in distressed assets and traditional financial institutions with ample cash on hand, according to a person familiar with the situation. The assets, most likely cryptocurrencies having to be sold on the cheap, would then likely be managed by participants … Read more

Crypto Exchange Bitget Plans to Double Workforce as Peers Cut Back in Bear Market

In contrast with exchanges Coinbase and Gemini, the derivatives platform plans to increase its staff. Bitget, a Singapore-based crypto derivatives exchange, plans to double its workforce over the next six months, just as other crypto firms are cutting back. The exchange plans to reach 1,000 employees by the end of the year, it said in … Read more