US


Finance

Three Arrows Creditors Get Emergency Hearing as Founders Fail to 'Cooperate'

Creditors say the fund’s remaining assets could be “transferred or otherwise disposed of” before creditors get their share.

3AC co-founder Su Zhu speaks at Crypto Bahamas. (Tracy Wang/CoinDesk)

Markets

US Job Growth Remains Historically Strong, Exceeding Economists' Expectations

The employment report will be a key data point for the Federal Reserve's next rate hike decision later this month.

(Helene Braun/CoinDesk)

Policy

FDIC Probing Voyager Claims It Was Insured by Regulator

The Canadian-based crypto exchange filed for bankruptcy earlier this week.

Voyager Digital CEO Stephen Ehrlich (Danny Nelson/CoinDesk)

Policy

Solana Labs, Multicoin Accused of Violating Securities Law by SOL Investor

Solana’s SOL token is an unregistered security whose insiders have benefitted while retail suffered, the suit alleged.

The suit accuses Solana founder Anatoly Yakovenko of securities violations. (Danny Nelson/CoinDesk)

Finance

Crypto Lender Celsius Cuts 150 Jobs Amid Restructuring: Report

Withdrawals are still paused and the company has hired restructuring experts as it faces a financial crisis.

Celsius se suma a las compañías cripto en despedir personal en medio de la crisis por el mercado bajista. (Virojt Changyencham/Getty Images)

Finance

Three Arrows Capital Files for Bankruptcy in New York Tied to British Virgin Islands Proceeding

A British Virgin Islands court ordered Three Arrows' BVI branch into liquidation earlier this week.

Su Zhu of Three Arrows Capital (CoinDesk)

Finance

FBI Adds OneCoin Founder Ruja Ignatova to Its Most Wanted List

Ignatova is accused of defrauding investors out of more than $4 billion via a crypto Ponzi scheme.

Ruja Ignatova (OneCoin Corporation)

Finance

Crypto Trading Platform Uphold Exits Venezuela, Cites US Sanctions

Trading service in the country will be available until July 31, and accounts will be fully restricted as of Sept. 30.

Exit, Voice and Bitcoin

Finance

FTX Unit Buys Stock-Clearing Platform Embed to Expand Equity Trading Infrastructure

The acquisition is intended to aid FTX.US' equity trading ambitions.

FTX US President Brett Harrison (Danny Nelson/CoinDesk)

Policy

Federal Reserve Board: Recent Market Turmoil Shows ‘Structural Fragilities’ of Crypto

The report is a preview of Fed Chair Jerome Powell's testimony in Congress next week.

Bankers are warning the Federal Reserve board about the dangers of launching a digital dollar, at a time when several new members were sworn in this week. (Drew Angerer/Getty Images)