Ex-Exec Says Liquid Global Scapegoated Her in $90M Crypto Hack

Marisa McKnight, Liquid Global’s former head of product and marketing in Japan, where the company is based, claims that she “was simply being used as a scapegoat for the hack” of the exchange disclosed on Aug. 19, 2021. The company claimed hackers stole around S$97 million (about US$71 million) worth of digital currency, the filing says. Source

Hong Kong real estate giant leads $90M raise for crypto bank Sygnum

Sun Hung Kai, one of the largest property developers in Hong Kong, continues betting on the cryptocurrency industry by investing in Swiss crypto outfit Sygnum. Sygnum officially announced Thursday that it had closed a $90-million Series B round led by Sun Hung Kai, a real estate giant and alternative investment firm in Hong Kong. According to Sun Hung Kai executive chairman Lee Seng Huang, the company has a strategic vision to expand its fund management offerings into digital assets. “Amidst growing institutional demand and regulatory oversight of this sector, Sygnum,…

Sygnum Valued at $800M in $90M Funding Round: Report

Sygnum, which runs a digital-asset bank and trading platform, was valued at $800 million in a $90 million funding round, Bloomberg News reported on Thursday, citing a statement from the company. Hong Kong firm Sun Hung Kai & Co. led the round. Animoca Brands and Canada’s Meta Investments also participated, Bloomberg reported, citing the statement. Sygnum is based in Switzerland and Singapore. Its products include regulated trading of crypto currencies. Source

‘League of Legends’ Vets Launch $90M Gaming Seed Fund

“It’s our conviction that games will shape the future. We believe that the biggest opportunities in games will converge into Web 3 (P2E [play-to-earn]/NFTs), and consumer categories like education, fitness, personal finance and more. It will be built for the gaming-natives who not only grew up with games such as Roblox and RuneScape, but also consumer apps like Discord, TikTok, Robinhood and digital assets like NFTs and crypto,” wrote Patron co-founder Jason Yeh in the announcement blog post. Source

Crypto Funds Draw $90M in New Money as Confidence Returns

Digital asset investment products attracted $90 million in new money in the seven days last Friday, the seventh straight week of inflows. Bitcoin-focused funds took in $69 million, according to a report published Monday by CoinShares. It was the third straight week of inflows for bitcoin funds, pushing the cumulative intake over the period to $115 million and cementing a trend reversal from the prior few months when redemptions were the norm. “We believe this decisive turnaround in sentiment is due to growing confidence in the…

Crypto Funds Draw $90M of New Money as Confidence Returns

Digital-asset investment products attracted $90 million of new money in the seven days through Oct. 1, the seventh straight week of inflows. Bitcoin-focused funds alone took in $69 million of investor money, according to a report published Monday by CoinShares. It was the third straight week of inflows for bitcoin funds, pushing the cumulative intake over the period to $115 million and cementing a trend reversal from the prior few months when redemptions were the norm. “We believe this decisive turnaround in sentiment is due to growing confidence in the…

Coinbase handled trades and custody for Meitu’s $90M crypto investment

Crypto exchange Coinbase’s institutional custody platform helped execute the purchase and custodying of roughly $90 million of Bitcoin and Ether for Chinese tech company Meitu. In a blog from Coinbase today, the United States-based crypto exchange said Meitu used its services to execute up to $90 million worth of crypto transactions “across multiple marketplaces with minimal market impact.” This month, the tech firm purchased 379 Bitcoin (BTC) for roughly $17.9 million and 15,000 Ether (ETH) for $22.1 million, followed by 386.08 BTC for $21.6 million and 16,000 ETH for $28.4…

PancakeSwap (CAKE) gains 444% as its daily DEX volume surpasses $90M

Launched in September 2020, PancakeSwap is a decentralized exchange (DEX) running on Binance Smart Chain. Instead of allowing its users to trade ERC-20 and ERC-721 tokens, the DEX focuses exclusively on Binance Chain BEP20. By using an automated market maker (AMM), the DEX allows tokens to be exchanged with no need for order books. This is quite similar to Uniswap’s liquidy pools which are automated by smart contracts. In addition to its traditional functions, PancakeSwap offers staking for its liquidity providers. There’s also a lottery for users holding 10 or…

PFE Stock Price Up 3%, UK Orders 90M Doses of Pfizer Vaccine

Her Majesty’s Government has ordered 90 million doses of Pfizer COVID-19 vaccine candidate which became a stimulus for the PFE stock price rise. Moreover, the UK is going to be a worldwide leader in the search for a working vaccine. Pfizer Inc (NYSE: PFE) stock price has gone up 3.34% in the pre-market. The rise is occurring as the United Kingdom’s Government has ordered 90 million doses of its COVID-19 vaccine. It is alongside other Bio-medical companies such as BioNTech SE (NASDAQ: BNTX) and Valneva SE (EPA: VLA). On Friday…

$90M Daily? What Would It Mean to Sustain Bitcoin Price at $100,000

Industry executives and famed technical analysts including Morgan Creek CEO Mark Yusko and trader Peter Brandt predict Bitcoin (BTC) to reach $100,000 in the long-term. For that to happen, the top cryptocurrency needs to see consistent accumulation. According to options trader Theta Seek, for the price of Bitcoin to remain stable at that price point, investors need to invest $90 million in BTC every day. Is $90 million inflow into Bitcoin on a daily basis realistic? The $90 million figure is derived from the total amount of BTC that miners…