Investor confidence in Ethereum (ETH) increased following the Shapella upgrade, leading to $17 million worth of inflows into ETH-based investment products during the week of April 17-23, according to CoinShares' weekly report.
Tiger Global Management’s $12.7 billion venture fund, launched near the peak of the tech stock boom in October 2021, gave the New York hedge fund firepower to back hundreds of startups in under two years. Now the mammoth fund is bearing testimony to the bruising correction in private tech valuations that followed.
Liquid Global – a Japanese crypto platform owned by FTX – halted withdrawals shortly after its parent company filed for bankruptcy. The former became a victim of hackers last year and lost over $90 million worth of digital currencies. Back then, FTX secured a $120 million debt financing so Liquid Global could resume its services.