 | | | | Crypto assets bled nearly $800 billion in market value over the past month, touching a low of $1.4 trillion on Tuesday, according to data site CoinMarketCap, as the end of easy monetary policy diminishes appetite for risk assets. | | | | | | Digital asset trading platform Talos said on Tuesday it has raised $105 million in an early-stage funding round led by U.S. private equity firm General Atlantic, taking the company's valuation to $1.25 billion. | | | | | | Cryptocurrency exchange KuCoin raised $150 million in a series B funding round led by Jump Crypto, the company said on Tuesday, giving it a valuation of $10 billion. | | | | | | Citigroup is overhauling the leadership of one of the teams linked to the 'flash crash' that sent European stock markets tumbling this month, three sources told Reuters. | | | | | | TPG said on Tuesday its after-tax distributable earnings rose to $199 million in the first quarter, up from $65 million a year earlier, adding that its private equity and impact investing businesses had delivered strong growth in asset sales. | | | | | | The rise in European bond yields is alarming some economists, who warn that Italy and Greece in particular do not have much wiggle room before their debt servicing burden starts rising, rekindling memories of the 2011-2012 euro debt crisis. | | | | | | Goldman Sachs has appointed banker E.G. Morse as a co-head of its China business and to lead the bank's China global markets business, according to a memo seen by Reuters. | | | | | | New York-based Tiger Global has been hit by losses of around $17 billion during this year's technology stock selloff, marking one of the biggest dollar declines for a hedge fund in history, the Financial times reported on Tuesday. | | | | | | KKR and BlackRock have received Chinese regulatory approvals allowing their newly formed local units to raise funds for investing overseas, official filings showed. | | | | | | TerraUSD, the world's fourth-largest stablecoin, lost a third of its value on Tuesday, spooking cryptocurrency investors and partly contributing to bitcoin's tumble below $30,000 for the first time in 10 months. | | | | | |
