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The venture capital world has always had a hot-and-cold relationship with the Midwest. Investors rush in during boom times, then retreat to the coasts when markets turn sour. For Columbus, Ohio-based Drive Capital, this cycle of attention and disinterest played out against the backdrop of its own internal upheaval several years ago — a co-founder … Read more
The team winding down FTX’s bankruptcy is firing back at a massive claim filed by collapsed hedge fund Three Arrows Capital, better known as 3AC. The $1.53 billion claim, according to FTX’s legal filing, is not only exaggerated but also based on flawed assumptions and poor risk management by 3AC itself. In court documents, FTX … Read more
London is at an increased risk of wildfires this summer, the UK capital’s fire service has warned, as it steps up efforts to prepare for blazes by investing in new equipment and sending firefighters on specialist training. London Fire Brigade, which traditionally has fought property fires rather than those in vegetation, told the Financial Times … Read more
Twenty One Capital has added another 4,812 Bitcoin to its treasury after a fresh purchase by major backer Tether ahead of a planned Special Purpose Acquisition Company merger. On May 9, Tether acquired the BTC at an average price of $95,319 per token and transferred the assets to an escrow wallet, as revealed in a … Read more
Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world EU capitals are urging Brussels to hold fire on any potential retaliation against Donald Trump’s tariffs until the Nato summit in June, arguing that a deal with the US president on Europe’s medium-term … Read more
Kapor Capital’s managing partner Ulili Onovakpuri said yesterday that she is leaving the firm. Onovakpuri started as a principal at Kapor Capital more than a decade ago, and rose through the ranks to become managing partner, and eventually (with Brian Dixon) took over the reins from the firm’s co-founders Mitch Kapor and Freada Kapor Klein. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. France, Ireland and Europe’s powerful farming unions are pushing Brussels to drop many food and drink products from its proposed retaliation against US tariffs. The European Commission has received floods of objections from business and … Read more
Key Takeaways Canary Capital’s Litecoin spot ETF is listed on the DTCC under ticker LTCC. The ETF is anticipated to be the first to receive SEC’s decision among similar applications. Share this article Canary Capital’s spot Litecoin ETF has appeared on the Depository Trust and Clearing Corporation (DTCC) system under the ticker LTCC, marking a … Read more
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