Troubled crypto hedge fund Three Arrows Capital is drawing increasing scrutiny from Singapore's monetary authority, and it is likely to face additional probing; BTC holds over $19K, while ETH is flat for the weekend. thesamreynods and JPRubin23 report
After a work week filled with discouraging news of different shapes and sizes, bitcoin waited out long holiday weekends in Canada, the U.S. and other parts of the world above its new $19,000 support line.
"Bitcoin price action remains weak, with some volatility seen on both sides, which is typical in pauses between trend continuations," Joe DiPasquale, CEO of crypto asset manager BitBull Capital, wrote in an email to CoinDesk."Currently, we expect BTC to see more downside action but we are also keenly watching the market's reactions to assess a decline in selling momentum and interest.
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Three Arrows Capital files for Chapter 15 bankruptcy in New YorkCrypto hedge fund Three Arrows Capital has filed for Chapter 15 bankruptcy in New York.
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Report: Embattled Crypto Hedge Fund Three Arrows Capital Files for Chapter 15 Bankruptcy – Bitcoin NewsThe crypto hedge fund Three Arrows Capital Ltd., otherwise known as 3AC, has filed for bankruptcy according to recent court filings.
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