Three Arrows Capital, Celsius and even Tesla are all victims of the notorious May-June Bitcoin sell-off
back in the May-June period. The biggest loser on the market is, as expected, the Luna Foundation Guard.
The largest portion of the coins that were lost is tied to the series of large liquidations that appeared on the market after the price of the first cryptocurrency tumbled from $30,000 to $17,000. Luna Foundation Guard lost more than 80,000 BTC, which is worth more than $1.8 billion at press time. Second place on the chart goes to Tesla since the company sold $900 million worth of BTC back in May.The notorious Three Arrows Capital was not the biggest loser on the market, despite being the most popular object of ridicule in the space since May.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coinbase Confirms 'No Financing Exposure' to Bankrupt Crypto Firms Celsius, Voyager, Three Arrows Capital – Exchanges Bitcoin NewsCoinbase says it “had no financing exposure” to bankrupt crypto firms, including Celsius Network, Voyager Digital, and Three Arrows Capital (3AC). cryptocurrency bitcoin
Read more »
KuCoin Raises $10 Million from TikTok Investor SIG, Further Explores Global Expansion and Infrastructure UpgradeLeading cryptocurrency ecosystem KuCoin receives investments from Susquehanna International Group amid major adoption accomplishments
Read more »
Three Arrows Capital Founders Speak After Filing Bankruptcy, Exec Says the 'Whole Situation Is Regrettable' – Bitcoin NewsFor the first time since the company’s collapse, the two co-founders of the crypto hedge fund 3AC discussed the firm’s financial woes.
Read more »
China is top foreign buyer of US housing at $6.1 billion last yearChinese buyers flooded the American housing market with more than $6 billion last year, more than purchasers from any other foreign country.
Read more »
Scaramucci Facing Investor Exodus Amid Crypto CrashInvestment firm SkyBridge Capital is losing plenty of investor money due to poor performance
Read more »
U.S. charges ex-Coinbase manager in first crypto insider trading caseA former product manager at Coinbase Global and two others have been charged with wire fraud in the first insider trading case involving cryptocurrency, U.S. prosecutors in Manhattan said on Thursday.
Read more »