Skip to main content

FTX is unloading cryptoassets as bankruptcy advisers look to repay customers; filings: its affiliates' cash pile grew from $2.3B in October to $4.4B at 2023 end (Jonathan Randles/Bloomberg) https://ift.tt/wTA2QtU

Jonathan Randles / Bloomberg:
FTX is unloading cryptoassets as bankruptcy advisers look to repay customers; filings: its affiliates' cash pile grew from $2.3B in October to $4.4B at 2023 end  —  - Cash of key affiliates rose to about $4.4 billion at end-2023  — Increased cash coincided with rising value of customer claims



Comments

Popular posts from this blog

A look at Temu, Shein, Meituan, and other Chinese companies' expansion plans in Brazil, as they face slowing domestic demand and hurdles in the US and Europe (Meaghan Tobin/New York Times) https://ift.tt/F1qzQUR

Meaghan Tobin / New York Times : A look at Temu, Shein, Meituan, and other Chinese companies' expansion plans in Brazil, as they face slowing domestic demand and hurdles in the US and Europe   —  Confronted with tariffs and scrutiny in the United States and Europe, Chinese consumer brands are betting that they can become household names …

Miami-based Pelico, which offers a supply chain orchestration platform, raised a $40M Series B led by General Catalyst, bringing its total funding to $72M (Colin Campbell/Axios) https://ift.tt/kfjRq7o

Colin Campbell / Axios : Miami-based Pelico, which offers a supply chain orchestration platform, raised a $40M Series B led by General Catalyst, bringing its total funding to $72M   —  Supply chain orchestration platform Pelico raised $40 million in strategic financing led by General Catalyst, co-founder Tarik Benabdallah tells Axios Pro.

Tesla's robotaxi service will launch in Austin with just ~10 cars that are geofenced to avoid complex intersections and monitored by backup teleoperators (Richard Waters/Financial Times) https://ift.tt/4Pt6rf8

Richard Waters / Financial Times : Tesla's robotaxi service will launch in Austin with just ~10 cars that are geofenced to avoid complex intersections and monitored by backup teleoperators   —  Autonomous ride-hailing service to make tentative debut in Austin, Texas, with only about 10 cars  —  For Elon Musk, tech's great showman …