Jack Teoh News Today

Sydney’s lower north shore suburb Castlecrag could soon see a new price record, with the arrival of a four-storey harbourside mansion with an asking price of $28 million.

The entrepreneur and wife Kate have proved to be savvy property traders, while billionaire David Teoh’s sons have become neighbours on Sydney’s north shore.

Teoh Capital is mulling a bid for the storied department store chain, along with Phil Cave’s Anchorage Capital Partners.

High-profile Aussie investor Mark Carnegie has described last week’s collapse of the terraUSD stablecoin and subsequent carnage in cryptocurrencies as a “Lehman Brothers moment” for the sector that will create opportunities for shrewd investors and savvy web3 operators to thrive.

Sydney-based VC fund Carthona has tapped HostPlus for the first half of a $200 million fund that will back new start-ups, including the raft of emerging Web3 players.

Press release content from Business Wire. The AP news staff was not involved in its creation.

Eizper Chain, a blockchain multiplayer action role-playing game (ARPG), has secured $2 million in funding through a seed round and private nonfungible token (NFT) sale.

The blockchain action-based multiplayer ARPG has secured $2 million in funding through a seed round and private NFT sale.

King River Capital’s new Digital Asset Fund is seeking to get in early on fast-growing cryptocurrency related projects, with a fund it intends to close at $150m.

This is Business Insider Australia's morning newsletter for Friday, January 7.