Hedge fund Three Arrows Capital (3AC), which bet big on failing crypto Luna and UST, has just fallen into liquidation. ( read original story ...)
Japan stocks drop as lacklustre production data dents sentiment
Japanese stocks lost nearly 1% on Thursday, after data showed that monthly industrial production fell the most in two years and the yen hit a 24-year low overnight, stoking fears of an economic ... ( read original story ...)
Japan Pushes for Stronger Cooperation to Counter China at G7
Japan’s prime minister stressed that Russia and China pose similar threats to the rules-based international order. ( read original story ...)
Crypto Crash Exposes Robinhood and Coinbase To Predators
On June 29, 2021, Coinbase Global - Get Coinbase Global Inc Report and Voyager Digital - Get Voyager Digital Ltd Report both had thei ... ( read original story ...)
YTD 2022 saw dramatic slowdown in global IPO activity from a record year in 2021
IPO momentum continued to slow from Q1 into Q2, resulting in a considerable decline in both deal numbers and proceeds. Heightened ... ( read original story ...)
Asia-Pacific markets set to open lower; China PMI data ahead
Shares in the Asia Pacific look set to open lower as investors await data from China. Japan is set to report its preliminary industrial production data on Thursday. In corporate news, Toyota Motor ... ( read original story ...)
Tokyo Police arrest 24-year-old suspect dubbed the ‘Lego Kid’ for stealing toys
The Tokyo Metropolitan Police have arrested a 24-year-old man dubbed the “Lego Kid” among toy store staff in Tokyo’s Adachi Ward. Naoto Daitoku and his two accomplices, aged 17 and 19, were arrested ... ( read original story ...)
Japan’s May factory output suffers biggest slump in two years
Japan's factory output posted the biggest monthly drop in two years in May as China's COVID-19 lockdowns and semiconductor and other parts shortages hit manufacturers, adding to worrying signs for an ... ( read original story ...)
Record heat wave cooks Japan, straining power grid
Japan’s Meteorological Agency announced the end of the rainy season in Tokyo and neighboring areas in eastern and central Japan, marking the earliest declaration since data became available in 1951. ( read original story ...)
Leaders of U.S., South Korea and Japan agree closer cooperation over North Korea threat
The leaders of the United States, South Korea and Japan on Wednesday expressed deep concern over North Korea's missile tests and said they would cooperate more closely to address the threat posed by ... ( read original story ...)
Crypto crisis: how digital currencies went from boom to collapse
Savers talk of devastating losses as assets such as bitcoin and ‘stablecoins’ like terra fell sharply ... ( read original story ...)
Crypto Loves Its Shadow Banks
Now, just as crypto disrupted the concept of value, decentralized finance is poised to disrupt finance itself. The populist movement promises huge returns for daring investors. But with DeFi’s promise ... ( read original story ...)
Crypto hedge fund Three Arrows falls into liquidation
Crypto hedge fund Three Arrows Capital has fallen into liquidation, becoming the latest high-profile victim of the credit crisis sweeping through the digital asset market. Teneo was appointed this ... ( read original story ...)
The Young Billionaire Who Wants to Save Crypto From Chaos
Since the cryptocurrency crash, embattled firms have turned to one name to avoid their collapse: Sam Bankman-Fried. ( read original story ...)
Crypto billionaire Sam Bankman-Fried says more exchanges will fail as the industry faces a brutal downturn
Crypto exchange FTX has lent money to floundering players in the industry, but its CEO says that many others lack a "business left to be saved." ... ( read original story ...)
Three Arrows Capital to become latest casualty of crypto crash
Crypto hedge fund facing collapse after claims of $650m default on loan to Voyager bank ... ( read original story ...)