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Meta partners with Balenciaga, Prada, and Tom Brown and launches digital fashion marketplace

Meta partners with Balenciaga, Prada, and Tom Brown and launches digital fashion marketplace

Meta is launching a digital fashion marketplace, according to CEO Mark Zuckerberg.

The post Meta partners with Balenciaga, Prada, and Tom Brown and launches digital fashion marketplace appeared first on The Block.

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Celsius users fear collateral liquidation amid transfer freeze

Celsius users with active loans have shared concerns on social over seeing their collaterals liquidated as their unable to top off their loans.

The post Celsius users fear collateral liquidation amid transfer freeze appeared first on The Block.

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European crypto ETN and ETP report: Friday, June 17

Here’s how crypto investment vehicles performed in Europe on Friday, June 17.

The post European crypto ETN and ETP report: Friday, June 17 appeared first on The Block.

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Three Arrows Capital team sought funds for GBTC trade before meltdown

The firm planned to charge a 20% management fee through an affiliated OTC firm. 

The post Three Arrows Capital team sought funds for GBTC trade before meltdown appeared first on The Block.

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Three Arrows Capital’s On-Chain Activity and What It Reveals

Quick Take

  • Rumors about 3AC’s insolvency started circulating on Monday, June 13th
  • As of this writing, 3AC has already liquidated or moved $158.3mm since the speculations abounded
  • DeFiance Capital, which has close ties with 3AC, has already cashed out its entire $746.8K LOOKS position in the wake of the turmoil
  • At the same time, 3AC’s NFT arm, Starry Night Capital, has consolidated the vast majority of its art NFTs in a single wallet

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Federal Reserve highlights ‘structural fragilities’ in stablecoin market in new report

The Terra collapse continues to underscore regulatory concerns over the fragility of the stablecoin market.

The post Federal Reserve highlights ‘structural fragilities’ in stablecoin market in new report appeared first on The Block.

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Genesis Trading says it liquidated position of ‘large counterparty’ amid Three Arrows controversy

Michael Moro, CEO of crypto lending and trading firm Genesis, said Friday that the firm had liquidated the collateral of a “large counterparty.”

The post Genesis Trading says it liquidated position of ‘large counterparty’ amid Three Arrows controversy appeared first on The Block.

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Immutable launches $500 million development fund for web3 game adoption

Immutable partnered with firms such as Bitkraft, Animoca Brands, Airtree, King River and GameStop to establish the fund.

The post Immutable launches $500 million development fund for web3 game adoption appeared first on The Block.

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Decentraland DAO votes to give Decentral Games $1 million grant

Decentral Games, a major driver of traffic to Decentraland, will receive a $1 million grant in MANA to be used as rewards for stakers in their liquidity pool.

The post Decentraland DAO votes to give Decentral Games $1 million grant appeared first on The Block.

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FTX is acquiring Canadian cryptocurrency trading platform Bitvo

The Bitvo acquisition is set to close in the third quarter of this year.

The post FTX is acquiring Canadian cryptocurrency trading platform Bitvo appeared first on The Block.

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