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Finance

Crypto Insurer Evertas Buys Bitcoin Mining Cover Specialist Bitsure

Evertas has snagged the authority to offer mining policy limits of up to $200 million per location.

Bitmain Antminer mining rigs (Christie Harkin/CoinDesk)

Finance

Crypto Distress Prompts Fir Tree, a Hedge Fund, to Seek Profit From Turmoil

“Fir Tree is at its best when we identify opportunities that are mispriced, dislocated or complex. Rarely do we encounter situations that are all three, but that is precisely what we are seeing in digital assets right now,” Fir Tree said.

(Art Institute of Chicago/Unsplash)

Finance

Circle Cuts Workforce, Ends Certain 'Non-Core' Activities; Will Continue Hiring Globally

While some departments were subject to layoffs, the stablecoin issuer will continue to hire in other areas.

(Sandali Handagama/ CoinDesk)

Finance

Tim Draper-Backed Fund Joins $5M Series A for LunarCrush

The social media analytics platform is expanding from a digital asset trading focus to allow users to search for any topic.

Image of LunarCrush social media feeds.

Finance

BlackRock’s Bitcoin ETF Application Takes Surveillance to the Next Level

An Information-Sharing Agreement, which appears to be absent from public spot Bitcoin ETF filings, compels a crypto exchange to share trading data up to and including personal information such as a customer’s name and address.

BlackRock HQ

Tech

Data Startup Space and Time Creates Chatbot Powered by ChatGPT for Database Querying

ChatGPT will enable users to query the decentralized data warehouse using natural language prompts.

(Jan Antonin Kolar/Unsplash)

Finance

Index Coop Aims to Improve Limitations of Protocol, On-Chain Structured Products

The infrastructure limitations of this sector include a lack of cross-chain asset support, expense in maintaining products due to high issuance costs and difficulty rebalancing on-chain products due to slippage.

Index (Maksym Kaharlytskyi/Unsplash)

Web3

NFT Lender Gondi Goes Live, Raises $5.3M Round Led by Hack.vc

Developer Florida Street's seed round features Hack.vc, Foundation Capital, Dragonfly Capital, Pantera Capital, 6th Man Ventures and others.

(Ryan Quintal/Unsplash, Modified by CoinDesk)

Finance

Distressed Crypto Specialist Thomas Braziel Sets Up Investment, Advisory Firm

The company, 117 Partners, will be a hybrid between advisory and investment, said Braziel.

117 Partners CEO Thomas Braziel (117 Partners)

Finance

Three Arrows Capital Liquidator May Try to Claw Back About $1.2B From DCG, BlockFi

A July 7 report from Teneo, the hedge fund’s liquidator, described the potential claims.

Three Arrows (QuinceCreative/Pixabay)