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Exclusive
Crypto Hedge Fund Arca Has Trimmed 30% of Its Staff
The company currently has 66 employees, according to LinkedIn.

Binance Hands Rising Star Teng Key Role to Replace CEO Zhao at Largest Crypto Exchange
Taking an expanded role overseeing regional markets outside the U.S., former regulator Richard Teng wants to demonstrate Binance is “a new organization.”

Crypto Exchange Kraken’s Canada Customer Deposits Rose 25% After Binance Announced Departure
Kraken also saw a fivefold increase in app downloads within a week of OKX saying it was leaving the country back in March.

Olive-Oil Producer Issues First Euro-Stablecoin-Denominated Bond on Obligate’s DeFi Platform
The debt sale was the first of its kind for the French sustainable agriculture business.

StepStone VC Raises $97M for Two Blockchain Funds
SEC filings show pooled investment figures for the two private equity funds.

Venture Capital Firm Tribe Capital Targets $100M for Latest Crypto Fund: Sources
Tribe plans to make early-stage investments of $500,000-$3 million in layer 1 and 2 ecosystems, DeFi projects and infrastructure plays to bring real-world assets on chain.

Crypto Storage Firm Qredo's Revamped Self-Custody Wallet Goes Live
The New Qredo remains aimed at the institutional crypto market, but now it's low-cost and open to anyone, says COO Josh Goodbody.

USBTC Aims to Become Bitcoin Mining Giant After Deal to Buy Celsius Assets
The miner could get as much as $75 million in management fees for the Celsius mining rigs over five years.
