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Reuters Report

US Government in Talks to Rescue Struggling First Republic Bank, Sources Say

US Government in Talks to Rescue Struggling First Republic Bank, Sources SaySources have revealed that U.S. government officials are in talks to rescue First Republic Bank, a struggling financial institution. The discussions involve the U.S. Treasury, the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve, according to reports on Friday. Private-Sector Deal Preferred as U.S. Government Officials Discuss First Republic Bank Rescue Efforts Market observers […]

Gala Games hit by $200 million in possible inside job

Report: FTX CEO Told Staff Crypto Exchange ‘Effectively Paused’ Withdrawals

Report: FTX CEO Told Staff Crypto Exchange ‘Effectively Paused’ WithdrawalsAccording to a report shared by an FTX staff member, prior to Binance announcing it would acquire the exchange, CEO Sam Bankman-Fried explained that in 72 hours FTX saw roughly $6 billion in withdrawals. Furthermore, the staff member’s account notes that withdrawals on the exchange FTX.com were “effectively paused.” Report Claims FTX CEO Said Exchange […]

Gala Games hit by $200 million in possible inside job

Report: Crypto Hedge Fund Three Arrows Capital Pitched a GBTC Arbitrage Trade Before Rumored Collapse

Report: Crypto Hedge Fund Three Arrows Capital Pitched a GBTC Arbitrage Trade Before Rumored CollapseLast week there was a lot of focus on the crypto hedge fund Three Arrows Capital (3AC) as the firm allegedly had a great deal of leveraged positions liquidated and there’s been speculation about insolvency. According to a recent report, 3AC’s over-the-counter (OTC) operation TPS Capital pitched a GBTC arbitrage opportunity before the company reportedly […]

Gala Games hit by $200 million in possible inside job