“A number of the firm’s staff are likely to lose their jobs, according to a person familiar with the matter.”, — write: www.coindesk.com
The crypto investment firm is in the process of returning capital to investors and is closing its external funds, a person familiar with the situation said. A number of the hedge fund’s staff are likely to lose their jobs, according to a second person.
The firm is said to have been in talks with potential buyers. Other alternatives include relaunching under a family office structure.
At its peak, Lantern, run by crypto trader and former Alameda co-founder Tara Mac Aulay, held over $600 million in assets under management. Mac Aulay declined to comment.
An affiliate company called Pharos USD Fund SP, a Cayman Islands-based investment fund, was listed as Celsius’ largest single creditor at the beginning of the crypto lender’s bankruptcy proceedings in 2022, with a claim of around $80 million.
Before becoming a full-time trader, Mac Aulay was the CEO of the Center for Effective Altruism, a philanthropic project that FTX boss Bankman-Fried was also aligned with.
Lantern was also founded on philanthropic principles, with 50% of founder profits being donated to high-impact charitable causes.
The Oct. 10 crypto market crash made institutional fundraising a tougher ask these days, many people said.
A deep dive into Zcash’s zero-knowledge architecture, shielded transaction growth, and its path to becoming encrypted Bitcoin at scale.
- Shielded adoption surgedwith 20–25% of circulating ZEC now held in encrypted addresses and 30% of transactions involving the shielded pool.
- The Zashi wallet made shielded transfers the default, pushing privacy from optional to standard practice.
- Project Tachyonled by Sean Bowe, aims to boost throughput to thousands of private transactions per second.
- Zcash surpassed Monero in market share, becoming the largest privacy-focused cryptocurrency by capitalization.
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The integration, powered by Chainlink’s NAVLink oracle technology, represents another leap in bridging traditional finance and decentralized finance together.
- Aave’s Horizon market, the DeFi protocol’s institutional-grade platform for real-world assets (RWAs), is getting a major boost as Securitize and VanEck bring their tokenized treasury fund, VBILL, to the platform.
- The integration, powered by Chainlink’s NAVLink oracle technology, represents another leap forward in bridging traditional finance and decentralized finance (DeFi) together.
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