2023-3-6 00:32 |
The fund’s performance was severely impacted by direct exposure to now-bankrupt crypto exchange FTX and holdings in FTT and Solana-based tokens.
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The collapse of the FTX crypto exchange is one of the biggest shocks to hit the industry. The impact of the fall is spreading to different crypto assets and several investors on the exchange. The crypto market has been experiencing massive downward performance as prices of assets kept declining.
Multicoin said they expect to see the contagion fallout from FTX/Alameda over the next few weeks, and many trading firms will be wiped out and shut down.
According to analysts, 2022 has been an unprecedented crypto market contagion, and the worst is not over yet. The fallout from the FTX collapse could still cause much more damage to the industry.
CryptoNinjas » Binance makes strategic investment in crypto hedge fund Multicoin Capital Binance, the popular crypto exchange and blockchain company, today announced it has made a strategic investment in Multicoin Capital, making Binance a limited partner in the crypto-focused hedge fund.
Mable Jiang, formerly of Nirvana Capital, will spearhead the venture firm's hunt for new deals in Asia.
dfuse, a blockchain API company, today announced it has raised $3. 5 million (USD) in an oversubscribed seed round led by Multicoin Capital, a thesis-driven crypto fund and Intel Capital. Also participating in the funding were BoxOne Ventures, Panache Ventures, and White Star Capital.