Three Arrows Capital

The wife of the collapsed cryptocurrency hedge fund Three Arrows Capital just sold off her $51 million mansion despite a court-imposed freeze against some of the couple's assets.

Institutional interest in meme coins is rising, with TON launching Memelandia, a new platform aimed at fostering meme coin growth by leveraging Telegram's large user base.

Su Zhu and Kyle Davies, co-founders of the failed hedge fund Three Arrows Capital, have launched a new memecoin called *Three Arrowz Capitel*, which has raised concerns due to 84% of its supply being controlled by insiders. The token has already lost over 70% of its value since its launch, sparking fears of price manipulation and drawing criticism for the duo's controversial past and ongoing legal issues.

China announced a "policy bazooka" on Tuesday, introducing measures to boost its economy, including cuts to mortgage rates, the reserve requirement ratio, and new stock market support tools. The key question: will this stimulus boost crypto or push interest towards cheaper fiat currencies?

Prosecutors seek stricter bail conditions for Binance founder Zhao, citing flight risks due to wealth and connections. Despite legal hurdles, Binance saw a 30% increase in users, potentially boosted by smooth leadership transitions and Zhao's positive reputation.

The dispute between BlockFi and 3AC over lending led to a New Jersey bankruptcy court's intervention, causing widespread repercussions and signaling an end to crypto lending and hedge funds.

OPNX shuts down, citing regulatory hurdles and financial penalties. Users urged to settle positions and secure assets before the February 14 deadline.

Su Zhu, co-founder of the collapsed Three Arrows Capital, labels his prison time as "enjoyable" and shifts focus to a cryptic exchange, OPNX, linked to Hong Kong. The unusual prison revelation and OPNX's connection to the regulatory landscape in Hong Kong add a unique twist to Zhu's crypto journey.

Amid bankruptcy proceedings, Singapore's Three Arrows Capital sees founders Su Zhu and Kyle Davies confronting a major setback, with a British Virgin Islands court freezing over a billion dollars in assets.

British and Singapore courts have frozen over $1 billion in assets of Three Arrows Capital's founders amid ongoing legal struggles and a broader crypto market downturn.