{"id":6011,"date":"2022-06-15T14:39:30","date_gmt":"2022-06-15T12:39:30","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/06\/15\/cryptocurrency-bloodbath-threatens-multibillion-dollar-hedge-fund\/"},"modified":"2022-06-15T14:39:30","modified_gmt":"2022-06-15T12:39:30","slug":"cryptocurrency-bloodbath-threatens-multibillion-dollar-hedge-fund","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/06\/15\/cryptocurrency-bloodbath-threatens-multibillion-dollar-hedge-fund\/","title":{"rendered":"Cryptocurrency \u2018bloodbath\u2019 threatens multibillion-dollar hedge fund"},"content":{"rendered":"<p>Three Arrows Capital founder takes to Twitter to assuage fears after 25% drop in price of bitcoin in a single day<\/p>\n<p>The \u201cbloodbath\u201d in the cryptocurrency sector may claim another victim, with the co-founder of multibillion dollar hedge fund Three Arrows Capital using Twitter in an attempt to battle rumours that the company is insolvent following the market collapse.<\/p>\n<p>With a net asset value of $18bn (\u00a314.9bn) in its last public statement, the Singapore-based hedge fund was known for taking large, highly leveraged stakes in crypto businesses and cryptocurrencies directly. It holds positions in cryptocurrencies including bitcoin, Ethereum and Solana, as well as equity investments in companies such as the <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/jun\/14\/crypto-exchanges-coinbase-blockfi-staff-cryptocurrency-bitcoin-price\">BlockFi <\/a>exchange and options trading platform Deribit.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/jun\/15\/cryptocurrency-multibillion-dollar-hedge-fund-bitcoin-drop\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/45926141a536fd45ee31485ddbf9c435fe7d0c5c\/0_81_3500_2100\/master\/3500.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=fe446b2a42f2c734d777f8cf50f2c8f2\" title=\"Cryptocurrency \u2018bloodbath\u2019 threatens multibillion-dollar hedge fund\" \/>Three Arrows Capital founder takes to Twitter to assuage fears after 25% drop in price of bitcoin in a single day<br \/>\nThe \u201cbloodbath\u201d in the cryptocurrency sector may claim another victim, with the co-founder of multibillion dollar hedge fund Three Arrows Capital using Twitter in an attempt to battle rumours that the company is insolvent following the market collapse.<br \/>\nWith a net asset value of $18bn (\u00a314.9bn) in its last public statement, the Singapore-based hedge fund was known for taking large, highly leveraged stakes in crypto businesses and cryptocurrencies directly. It holds positions in cryptocurrencies including bitcoin, Ethereum and Solana, as well as equity investments in companies such as the BlockFi exchange and options trading platform Deribit. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Three Arrows Capital founder takes to Twitter to assuage fears after 25% drop in price of bitcoin in a single day The \u201cbloodbath\u201d in the cryptocurrency sector may claim another victim, with the co-founder of multibillion dollar hedge fund Three Arrows Capital using Twitter in an attempt to battle rumours that the company is insolvent &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2022\/06\/15\/cryptocurrency-bloodbath-threatens-multibillion-dollar-hedge-fund\/\"> <span class=\"screen-reader-text\">Cryptocurrency \u2018bloodbath\u2019 threatens multibillion-dollar hedge fund<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":6012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/6011"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=6011"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/6011\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/6012"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=6011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=6011"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=6011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}