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Three Arrows misses marginal call on Loan, resulting in Liquidation of collateral by BlockFi

The hedge fund company took credit for bitcoins from the crypto lending platform and the plummeting prices of bitcoin and Ethereum have made the situation worse for Three Arrows. According to a report, the crypto lending company has gone ahead and liquidated the hedge fund companyโ€™s positions to some extent.
Kyle Davies Su Zhu Arrows Capital Hedge Fund Three Arrows Three Arrows Capital

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Bitcoin eases from 18-month low as crypto market stabilises

LONDON/NEW YORK โ€” Bitcoin recovered on Wednesday (June 15) after diving to an 18-month low, buoyed by the US Federal Reserve's tough stance on inflation even in the midst of a market meltdown this week after crypto lender Celsius froze customer withdrawals. The world's largest cryptocurrency fell as much as 7.8 per cent to US$20,079.72 (S$28,000), its lowest since December...
City Of United Kingdom Changpeng Zhao Mikkel Morch Coinbase Global Inc Federal Reserve

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