Tag: Firm

Investors sue Meteora and VC firm, alleging fraud

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A group of investors has filed a class-action lawsuit against decentralized cryptocurrency exchange Meteora, alleging the firm was involved in manipulating the launch and market price of the M3M3 token. In an amended complaint filed on April 21 in the US District Court for the Southern District of New York, the plaintiffs allege that venture capital firm Kelsier Labs, Meteora, and four current or former executives “intentionally misrepresented” information in the M3M3 launch in December 2024. The investors claimed that they suffered at least $69 million in losses between December…

UK firm buys $250M Bitcoin as analysts eye quiet Easter weekend

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Whales and institutions are increasing their Bitcoin holdings ahead of Easter, as market analysts predict a weekend with less volatility after two weeks of heightened volatility driven by escalating global trade tensions. A wallet linked to London-based investment firm Abraxas Capital acquired 2,949 Bitcoin (BTC) worth more than $250 million during the four days leading up to April 19. In the latest transaction, the firm bought over $45 million worth of Bitcoin from Binance on April 18, according to crypto intelligence firm Lookonchain, citing Arkham Intelligence data. Source: Arkham Intelligence,…

LayerZero’s ZRO Price Jumps 10% as VC Firm Andreessen Horowitz (a16z) Buys $55M Tokens

Interoperability protocol LayerZero’s native token (ZRO) surged Thursday on news that venture capital firm Andreessen Horowitz’s (a16z) crypto arm increased its investment in the project. The company acquired additional $55 million ZRO tokens committing to a 3-year lock-up period, general partner Ali Yahya said in an X post. A16z has been an early backer of the protocol’s development firm LayerZero Labs, participating in the team’s $135 million series A fundraising round in 2022 and the following $120 million series B round in 2023. ZRO advanced 10% to $2.56 following the…

Tokenization Firm Securitize Acquires MG Stover’s Digital Asset Fund Administration Unit

Securitize, one of the largest tokenized asset issuers, said on Tuesday it has acquired MG Stover’s fund administration business, making its subsidiary Securitize Fund Services the largest digital asset fund administrator. MG Stover’s team will now operate under Securitize Fund Services (SFS), enhancing the company’s institutional-grade offerings, the company said in a press release. With the acquisition, SFS now oversees $38 billion of assets under administration across 715 funds, including Securitize’s tokenized fund offerings such as BlackRock’s $2.45 billion tokenized U.S. Treasury fund (BUIDL). Securitize now offers an integrated suite…

Bitcoin Life Insurance Firm Meanwhile Raises $40M to Expand Globally

Meanwhile, a startup offering life insurance and annuities denominated in bitcoin (BTC), raised $40 million in series A funding round, CEO Zac Townsend said on Thursday in an X post. The investment was led by venture capital firms Framework and Fulgur Ventures, with early Bitcoin-advocate Wences Casares also participating. Traditional life insurance pays out in fiat currencies. Meanwhile flips this model, keeping premiums and benefits in bitcoin, aiming to help policyholders guard against inflation and currency devaluation. In countries where local currencies lose value, holding policies in BTC could help…

Crypto trading firm warns of ‘classic bull trap’ as Bitcoin tags $82.7K

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Bitcoin (BTC) risks becoming part of a “classic bull trap” when the US-China trade war takes its next step, analysis warns. In its latest bulletin to Telegram channel subscribers on April 10, trading firm QCP Capital cautioned over the latest crypto price rebound. QCP: Chinese “countermeasures” may leave crypto bulls stranded Bitcoin and altcoins joined global stock markets in rallying over the past 24 hours thanks to a decision by US President Donald Trump to pause many of his new trade tariffs. China was a clear exception to the policy,…

Former Kraken execs acquire real state firm Janover, disclose SOL treasury plans

A team of former Kraken executives has taken control of Janover, with Joseph Onorati, former chief strategy officer at Kraken, stepping in as chairman and CEO, following the group’s purchase of over 700,000 common shares and all Series A preferred stock. Parker White, former director of engineering at Kraken, was appointed as the new chief investment officer and chief operating officer. The group bought 728,632 shares of Janover common stock and all 10,000 shares of Series A preferred stock. Marco Santori, former chief legal officer at Kraken, will join the…

Bitcoin holds firm as stocks lose $5T in record Trump tariff sell-off

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Bitcoin is gaining renewed attention as a hedge against financial instability after holding relatively steady during a record-breaking stock market downturn that saw $5 trillion wiped from the S&P 500. The S&P 500 posted a $5 trillion loss in market capitalization over two days, its largest drop on record, surpassing the $3.3 trillion decline in March 2020 during the initial wave of the COVID-19 pandemic, according to an April 5 report by Reuters. The record sell-off occurred after US President Donald Trump announced his reciprocal import tariffs on April 2.…