A “new wave of crypto deleveraging” is likely under way, with bitcoin itself poised to drop another 25% amid a “cascade” of margin calls. That was the grim assessment JPMorgan Read more
Tag: Liquidation
A historic global bond-market crash threatens the liquidation of world’s most crowded trades, says BofA
Global government-bond markets are stuck in what BofA Securities strategists are calling one of their greatest bear markets ever — which, in turn, is threatening the ease with which investors Read more
SPAC Equity Distribution Acquisition Corp. to redeem its shares, liquidate
Special purpose acquisition company Equity Distribution Acquisition Corp. EQD, said it will redeem all outstanding Class A common stock shares as the company plans to dissolve and liquidate. The company Read more
Voyager Digital calls FTX, Alameda proposal a ‘low-ball bid dressed up as a white knight rescue’
Bankrupt crypto broker Voyager Digital has turned down a proposal, made by Sam Bankman-Fried’s crypto exchange FTX and Alameda Ventures, saying it is a “low-ball bid dressed up as a Read more
Cannabis SPAC Choice Consolidation returns money to shareholders
The CEO of SPAC Choice Consolidation Corp. said a decision by the special purpose acquisition company to return money it raised in 2021 in its initial public offering represents the Read more
Genesis listed as Three Arrows Capital’s biggest creditor, lent $2.4 billion
Digital Currency Group Inc., the cryptocurrency conglomerate that owns Genesis Global Trading Inc., is the biggest creditor of the beleaguered hedge fund Three Arrows Capital Ltd., according to court documents Read more
Opinion: The SPACsplosion is about to become a liquidation frenzy — and that may be for the best
As the SPAC boom was beginning to rage two years ago, this column asked why in the world any company would want to be acquired by a former chief executive Read more
Beleaguered crypto lender Celsius set to file for bankruptcy: report
Embattled crypto lender Celsius Networks is preparing to file for Chapter 11 bankruptcy protection, according to a new report. CNBC reported late Wednesday that the New Jersey-based company was in Read more
Crypto broker Voyager Digital files for bankruptcy
Cryptocurrency broker Voyager Digital Ltd. said Wednesday that it has filed for bankruptcy, days after it suspended withdrawals and trading on its platform amid growing turmoil in digital-currency markets. The Read more
Court orders liquidation of crypto hedge fund Three Arrows
A British Virgin Islands court ordered the liquidation of Three Arrows Capital Ltd. after creditors sued the cryptocurrency hedge fund for failure to repay debts. Nichol Yeo, a partner at Read more