Banking giant Citigroup (C) is reviewing its partnership with crypto custody firm Metaco one month after Ripple Labs announced that it agreed to acquire Metaco for $250 million. Source
Tag: Bloomberg
Julius Baer Eyes Expansion to Dubai for Crypto Services: Bloomberg
The expansion would be the private bank’s first for its crypto offering beyond its native Switzerland, where it has provided digital asset services since the start of 2020. Source
FTX Pauses Sale of $500M Stake in AI Firm Anthropic: Bloomberg
Perella Weinberg, the investment bank handling FTX’s bankruptcy, told bidders this month about the pause, people familiar with the matter told Bloomberg. The move followed months of bidders’ due diligence on the stake in the creator of ChatGPT rival chatbot Claude, the people said. Source
Three Arrows Capital Liquidators Seek $1.3B From Bankrupt Hedge Fund's Founders: Bloomberg
The fund founded by Su Zhu and Kyle Davies suffered big losses on the collapse of the Terra ecosystem starting in May 2022 and took on additional leverage despite already being insolvent, the liquidators say. Source
Circle’s Allaire Says Bitcoin ETFs Likely to be Approved: Bloomberg
Allaire spoke with Bloomberg at the World Economic Forum in Tianjin, China. Original
Circle Was Top Depositor Aided by SVB Government Rescue: Bloomberg
Circle Internet Financial, which said at the time it had $3.3 billion in holdings at the bank, was followed in the list of top depositors by units of the bank itself, and then by tech-focused venture capital firm Sequoia with just over $1 billion, according to documents sent by the FDIC to Bloomberg under the Freedom of Information Act which were not redacted for commercially sensitive data, in an apparent mistake by the regulator. Source AidedBloombergCircleDepositorGovernmentRescueSVBTop CryptoX Portal
JPMorgan Expands Its Blockchain-Based Token to Euro Payments: Bloomberg
Since its inception in 2019, over $300 billion in transactions have been processed using JPM Coin. Source link
Japan’s Crypto Exchanges Push for 10 Times Leverage on Margin Trading: Bloomberg
The push for revised margin trading caps aims to attract diverse traders, including institutional investors, while enhancing market liquidity. Source
Elizabeth Warren Wants Binance to Be Investigated by DOJ for Potentially Lying to Lawmakers: Bloomberg
Senators Elizabeth Warren and (D-Mass.) and Chris Van Hollen (D-Md), in their letter to U.S. Attorney General Merrick Garland, alleged the crypto exchange may have made false statements, including whether its affiliate Binance.US was indeed a separate entity as Binance had claimed. Source
JPMorgan, 6 Indian Banks to Settle Dollar Trades on Onyx Blockchain System: Bloomberg
The aim of the project is to settle dollar trades in real time around the clock as opposed to over a matter of days and only during the working week. Source