Canada’s Biggest Pension fund CPPI dropped crypto investment plan amid unstable markets

Canadian pension fund CPP Investments which manages $388 billion for roughly 20 million Canadians, has given up its crypto investment plan after a year-long study of crypto investment opportunities, according to Reuters sources. Early in 2021, CPPI’s Alpha Generation Lab, which studies emerging investment trends, formed a three-member team to research cryptocurrencies and blockchain businesses….

Polygon co-founder addresses criticisms the project is just as bad as Solana

Polygon co-founder Sandeep Nailwal went on the defense against “ecosystems who are feeling defeated & jealous.” The comment was motivated by a tweet from Mert Mumtaz, the co-founder, and CEO of Helius Labs, who pointed out Polygon had received more VC money than Solana and had used the funding to “pay people to use the…

Crypto.com CEO addresses FUD,says he ‘has nothing to hide’

Crypto exchange crypto.com‘s CEO Kris Marszalek posted a thread on his Twitter account to acknowledge that more FUD targeting crypto.com is coming and that he had “nothing to hide.” Marszalek implied that the attackers focused on his failed business from 20 years ago to spread FUD about him and his current company. To address the…

Two metrics show Bitcoin in uptrend, historically a good time for risk-on assets

Long-term Bitcoin (BTC) holder behavior is considered one of the most determinate factors to assess BTC performance, the market’s top, and the market’s bottom. Long-term holders are defined as addresses that haven’t moved any of their BTC holdings in the last six to 12 months. The Short-to-Long-term Realized Value (SLRV) Ratio shows the percentage of…

Alameda’s capital portfolio reveals highest token investments in Polygon, Hole, and Port Finance

The capital portfolio of the fallen quantitative cryptocurrency trading firm Alameda Capital was recently released by Financial Times, revealing some interesting investments. According to the spreadsheet, there are nearly 500 illiquid investments spread across ten holding companies in the portfolio of FTX/Alameda worth $5.4 billion.  Source: Financial Times Two of the most significant investments were…

Nexus Mutual expects $3M loss from Orthogonal Trading’s M11 loan default

Following Orthogonal Trading’s M11 loan default, decentralized insurance protocol Nexus Mutual has moved to withdraw all its assets from Maple Finance, as it expects to take a loss of roughly $3 million. Earlier in May, Nexus community members had unanimously voted to allocate about 15,348 ETH into Maple’s M11 Credit pool. However, the collapse of…

Circle and Concord terminate proposed business combination

Circle Internet Financial (Circle) and Concord Acquisition Corp (NYSE:CND) have announced the mutual termination of their proposed business combination. The termination of the proposed deal was approved by the boards of both companies. 1/ Some big @circle news. This morning, we announced the termination of our proposed deSPAC transaction. While disappointing that we did not…

Bybit, Swyftx join layoff spree following FTX collapse

Crypto exchanges Bybit and Swyftx have moved to execute their second round of layoffs in preparation for a worsening bear market, fueled by the FTX collapse. Bybit CEO Ben Zhou said the staff cuts will allow the company to refocus its efforts and resources on thriving through the bear market. The planned layofsf will reportedly…