Prominent cryptocurrency hedge fund Three Arrows Capital has defaulted on a $670 million loan from digital asset brokerage Voyager Digital, which issued a notice stating the fund failed to repay a $350 million USDC and 15,250 BTC loan.
Sam Bankman-Fried’s cryptocurrency exchange FTX is said to be exploring whether it may be able to acquire Robinhood Markets, the app-based commission-free brokerage. Robinhood hasn’t received a formal takeover approach.
Physical futures cryptocurrency exchange CoinFLEX is set to issue a Recovery Value USD (rvUSD) token after halting withdrawals on its platform over the outstanding debt a high-net-worth customer owes the platform.
Top stories in the Crypto Roundup today:
- Crypto Hedge Fund Three Arrows Capital Defaults on $670 Million Loan
- FTX Said to Be Eyeing Robinhood Acquisition
- Crypto Exchange CoinFLEX to Issue Tokens After Freezing Withdrawals
- Chart of the Week: BTC Moving Average Convergence Divergence