Crypto lender Vauld freezes withdrawals, eyes restructuring

Crypto lender Vauld freezes withdrawals, eyes restructuring

Vauld, a crypto lender backed by U.S. based Coinbase Inc., said it froze withdrawals and hired advisers to explore a potential restructuring, joining rivals Celsius Network, Babel Finance etc. in resorting to last-ditch measures to survive the crypto market crash....
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FTX gains option to buy BlockFi for up to $240mln

FTX gains option to buy BlockFi for up to $240mln

Cryptoexchange FTX has also agreed to provide BlockFi with a $400 million revolving credit facility, Prince said in a tweet. He added that BlockFi has faced a jump in withdrawals after news of crypto lending platform Celsius Network’s freeze. Sam...
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TSMC: Apple, AMD and Nvidia scale back chip orders

TSMC: Apple, AMD and Nvidia scale back chip orders

With the growing inflation and the uncertainties brought by the Ukrainian war, Smartphones and PC components are not selling that well anymore, so Apple, AMD and Nvidia are now forced to scale back their chip orders from TSMC, which, in...
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Crypto hedge fund Three Arrows Capital Ordered to Liquidate All Assets After Defaulting on $675M Bitcoin Loans

Crypto hedge fund Three Arrows Capital Ordered to Liquidate All Assets After Defaulting on $675M Bitcoin Loans

The rapid collapse of the massive crypto hedge fund, which once managed $18 billion, marks one of the worst causalities of the crypto collapse so far. On Tuesday, the distressed crypto hedge fund was ordered into liquidation by a Virgin...
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Sri Lanka Asks Russians For Help, Suspends Fuel Sales Amid Economic Collapse

Sri Lanka Asks Russians For Help, Suspends Fuel Sales Amid Economic Collapse

A broken and extremely cash-strapped Sri Lanka halted all fuel sales except for essential services in a desperate attempt to manage a severe fuel shortage — allowing the government to buy some time and send two government officials to Russia...
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GS Supposedly Lead Group of Vultures to Buy Celsius after Bankruptcy

GS Supposedly Lead Group of Vultures to Buy Celsius after Bankruptcy

The Wall Street bank is seeking $2 billion in commitments from vulture investors to buy distressed digital assets at steep discounts if the crypto DeFi lender goes bankrupt. Goldman Sachs appears to be gauging interest and soliciting commitments from Web3...
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Russia Will Pay Its Foreign Debts in Rubles

Russia Will Pay Its Foreign Debts in Rubles

On June 23, Russian President Vladimir Putin signed a decree on the payment of foreign currency debt in rubles. Roughly speaking, transactions will be made through a ruble account at the domestic market rate. Payment of such debt on the...
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FED: Banks could withstand 10% unemployment, 55% stock price drop in annual stress test

FED: Banks could withstand 10% unemployment, 55% stock price drop in annual stress test

The Fed sees banks will have enough capital to keep lending even if unemployment rises to 10% under a hypothetical scenario. The Federal Reserve Board on Thursday projected the potential for a rockier road ahead for banks than it did...
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ECB Emergency Meeting Creates Emergency

ECB Emergency Meeting Creates Emergency

Were it not for the ECB calling an emergency meeting last Thursday, most market participants would not have realized there was an emergency in the bond market. Apparently, the sharp rise in yields on Italian bonds after the ECB stopped buying...
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Musk Hit With $258 Billion Dogecoin Lawsuit

Musk Hit With $258 Billion Dogecoin Lawsuit

During his all-hands Q&A with Twitter employees, Elon Musk let slip a few details about his thoughts on crypto and payments within Twitter. After discussing subscription and advertising revenues, Musk notes that “I think payments would be an interest...
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Siemens confirms it failed to return turbines to Gazprom

Siemens confirms it failed to return turbines to Gazprom

Russian gas supplies to Germany had to be reduced as a result. German conglomerate Siemens has confirmed that Ukraine-related sanctions imposed on Russia have made it impossible for the equipment supplier to return gas turbines to Gazprom after they were...
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Decelarated Money Supply Growth In 2022 = Recession

Decelarated Money Supply Growth In 2022 = Recession

Money supply growth fell slightly in April, falling below March’s eight-month high. Even with March’s bump in growth, though, money supply growth remains far below the unprecedented highs experienced during much of the past two years. During the th...
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Celsius Pauses All Withdrawals

Celsius Pauses All Withdrawals

Why do people trust the Khazars so much? Celsius wrote this in a “Memo to the Celsius Community”: Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts. We are taking this...
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Twitter Founder Jack Dorsey’s TBD Presents Bitcoin-Based Decentralized Web5

Twitter Founder Jack Dorsey’s TBD Presents Bitcoin-Based Decentralized Web5

Jack Dorsey’s Bitcoin-focused TBD business unit, a subsidiary of Block Inc., announced Friday that it is building a new decentralized web: Web5. Web5 is based on the assumption that Web3, the idea of building a decentralized web with blockchain technology...
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Boeing & Airbus Make Up 91% Of Global Commercial Aircraft Fleets

Boeing & Airbus Make Up 91% Of Global Commercial Aircraft Fleets

  U.S. based airlines were far and away the largest aircraft carriers, with American Airlines being the world’s largest airline by fleet size since 2019. Interestingly, Delta Airlines was the largest by revenue in 2020, despite a smaller fleet size....
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