Sources: Tiger Global cut valuations of its portfolio companies in September 2023, including Superhuman by 45%, DuckDuckGo 72%, Yuga Labs 69%, and OpenSea 94%
The nearly $13 billion Private Investment Partners 15 fund marked down AI-powered email company Superhuman by 45% and cut …
A look at friend.tech, a decentralized social app built on Base that has driven 4,400 ETH in trading volume since launching its invite-only beta on Thursday
Cam Thompson / CoinDesk :
A look at friend.tech, a decentralized social app built on Base that has driven 4,400 ETH in trading volume since launching its invite-only beta on Thursday
Cam Thompson / CoinDesk :
NYC-based Tessera, the collective NFT ownership and governance service that launched as Fractional with $20M from Paradigm and others, plans to shut down
Rosie Perper / CoinDesk :
Silvergate Capital plans to wind down operations and voluntarily liquidate Silvergate Bank, including “full repayment of all deposits”; SI drops 40%+ to ~$5
- Silvergate Capital Corporation said it will wind down operations and voluntarily liquidate Silvergate Bank in accordance with applicable regulatory processes.
FTX sister firm Alameda paid $11.5M for control of a small WA-based US-licensed bank, raising questions about why federal regulators approved the deal
Through a subsidiary, FTX invested $11.5 million in the parent company of Farmington State Bank, which has a single branch and, until this year, just three employees.
SBF claims FTX had ~$60B in collateral in spring 2022, before a credit squeeze, market selloff, and “run on the bank” reduced it to $9B and led to bankruptcy
and Themselves” Now he has become a doormat apparently. https://twitter.com/... Cas Piancey / @caspiancey : Remember when the FDIC forced Brett Harrison, former CEO of FTX US, to d...
SBF claims FTX had ~$60B in collateral in spring 2022, before a credit squeeze, market selloff, and “run on the bank” reduced it to $9B and led to bankruptcy
The former FTX CEO did not address concerns about customer funds being misappropriated or other recent revelations about the company.
Sources: Genesis struggles to raise $1B+ funding for its lending unit and warns potential investors that it may need to file for bankruptcy if its efforts fail
Digital-asset brokerage Genesis is struggling to raise fresh cash for its lending unit, and it's warning potential investors …
DeFi startup Uniswap Labs, which runs a decentralized exchange, raised a $165M Series B led by Polychain and plans to build an NFT aggregator
Uniswap Labs on Thursday announced a $165 million Series B funding round, led by Polychain Capital, that values the company at $1.66 billion.
Crypto and blockchain startups raised $28B+ in 2021, up 4x YoY, according to PitchBook, as large tech companies lose execs and engineers to crypto companies
Tech executives and engineers are quitting Google, Meta, Amazon and other large companies for what they say is a once-in-generation opportunity with crypto. Tweets: @cdixon , @asva...
Kickstarter plans to transition its crowdfunding site to a newly created blockchain-based protocol in 2022, and will offer tools for others to build on it
Jackie Davalos / Bloomberg :