Activist investment


Finance

Activist Investor Starboard Has Built Stake in Bitcoin Miner Riot: WSJ

Starboard is reportedly pushing the miner to convert some of its mining sites into data centers.

Activist investor reported to have been pushing Riot to move into HPC. (Unsplash, modified by CoinDesk)

Finance

Activist DAO Investor Pivots to Building a Company

Diogenes Casares' new Stream Protocol is a trading platform he plans to eventually turn into a decentralized perpetual swaps exchange.

Diogenes Casares (Teo Casares)

Tech

FloorDAO Sends $2.5M to Splinter Group After Months of Fighting Over Financial Commitments

The NFT-focused fork of OlympusDAO failed to follow through on critical promises about asset buybacks, according to investors.

FloorDAO traders were looking for a payout – and got it. (Edgar Degas/Metropolitan Museum of Art, modified by CoinDesk)

Markets

Jade Protocol Faces Calls to Liquidate $31M Token Treasury

A longtime member says the DAO “poses a major investment risk to all token holders,” and should shut down.

Jade Protocol (Danny Nelson/CoinDesk)

Finance

A $27M Crypto Loss Reveals a Toxic Mix of Money-Hungry Traders and DAO Idealists

It wasn't only the $90,000 spent on naming rights for a rare Ecuadorian frog species that turned off members of this decentralized blockchain-powered community project; some savvy arbitrageurs just wanted their share of the project's treasury.

Riot Pepe wearing noggles. (Story illustration by Danny Nelson;Hazard/Rook)

Markets

NounsDAO Barrels Toward Treasury Split After NFT Holders Rally for ‘Rage Quit’

The leading NFT project will soon lose a chunk of its treasury to disaffected investors.

Nouns 646 (nouns.wtf)

Finance

Aragon Mulled Sale of Crypto Project, Leaked Screenshot Shows

One of the biggest crypto projects building tools to support decentralized governance is trying to get out of its own governance pickle.

(Aragon Association, modified by CoinDesk)

Markets

Parrot Finance to Begin PRT Token Buyback on Monday, Capping Fiery Vote

Activist investors applied heavy pressure to Parrot’s developer team.

Parrot Finance failed to catch fire despite raising over $90 million. (Parrot Finance)

Finance

For Crypto Investors Down Bad in Hector, the DAO Can’t Die Fast Enough

Hector Network will take six to 12 months to hold a liquidation. Token holders want their money back sooner.

(Getty Images)

Markets

DeFi Project Parrot Holds Contentious Vote on Future of $70M Treasury

The redemption plan for the protocol appears to heavily favor employees and Parrot’s venture investors.

Birds in Costa Rica

Pageof 3