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Latest from Tracy Wang
Binance's BNB, Bitcoin Tumble After Crypto Twitter Personality Cobie's Wild Guess
@cobie's encrypted message read: "Interpol Red Notice for CZ," Binance's CEO. After someone cracked the code, the post spooked markets, even though it was just a rumor.
Mysten Labs to Buy Back Equity, Token Warrants From FTX Bankruptcy Estate for $96M
FTX Ventures invested $101 million in Mysten Labs just months before Sam Bankman-Fried’s empire collapsed. Now, Mysten is buying back the stake (and sui token warrants) for $96 million through bankruptcy court.
FTX Bankruptcy Estate to Claw Back $460M From Modulo Capital
Alameda Research seeded little-known Bahamas-based hedge fund Modulo Capital with $475 million in 2022. The recovery includes $404 million in cash.
SEC Is 'Completely Out Of Control,' Says a16z Crypto's Head of Policy
At the annual Futures Industry Association conference in Boca Raton, representatives from crypto companies argued the lack of regulatory clarity would stifle US innovation.
Multicoin Capital’s Hedge Fund Lost 91.4% Last Year, Investor Letter Reveals
The fund’s performance was severely impacted by direct exposure to now-bankrupt crypto exchange FTX and holdings in FTT and Solana-based tokens.
Hosts of Bankless Podcast Raising $35M Crypto Venture Fund: Sources
The popular crypto podcast is branching out beyond its media roots to invest in emerging Web3 startups.
Crypto Wallet Startup Den Gets $2.8M in Seed Funding Led by IDEO CoLab Ventures
The Den co-founders, the duo behind the viral hit ConstitutionDAO, says solving coordination issues is the biggest challenge for on-chain organizations.
Superchain Network Raises $4M to Build Decentralized Data Indexing Protocol
The $4 million combined seed and pre-seed round included participation from Blockchain Capital, Maven 11 and other investors.
Former FTX Executive Nishad Singh Planning to Plead Guilty to Fraud: Bloomberg
Singh, the former engineering director for the collapsed crypto exchange, was a member of Bankman-Fried’s inner circle.
Jump Crypto Is Unnamed Firm That Made $1.28B From Do Kwon’s Doomed Terra Ecosystem: Sources
A complaint by the SEC against Do Kwon and Terraform Labs revealed an unnamed trading firm helped Kwon restore UST’s $1 peg in 2021 in exchange for discounted LUNA tokens.
