Mayday, Mayday. Voyager down...

Pekelo

Pekelo

Company's stock IPO'd at $0.60, ATH $36, current price $0.58

The official stance is that their troubles come from 3AC not paying back some loan...

Note B: Includes 15,250 BTC loaned to Three Arrows Capital.
Note C: Includes $350 million USDC loaned to Three Arrows Capital.

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Alameda, Bankman-Fried’s quantitative trading firm, committed $500 million in financing to Voyager Digital, a crypto brokerage.


https://www.reddit.com/r/path%3D%252Fr%252FButtcoin%252Fcomments%252Fvp8bas%252F

https://www.reddit.com/r/path%3D%252Fr%252FButtcoin%252Fcomments%252Fvp97wo%252F
 
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Business
Three Arrows Capital's Su Zhu Looks to Sell $35M Singapore House
Zhu and his wife purchased the property late last year for S$48.8 million ($35 million) and now they are selling it in what analysts call a slowing market.
By Sam Reynolds
AccessTimeIcon.svg
Jul 1, 2022 at 6:58 p.m.
Updated Jul 2, 2022 at 1:42 a.m.
Su Zhu, co-founder of beleaguered digital assets fund Three Arrows Capital, is selling a home he purchased in Singapore in December.

Primitive Capital's Dovey Wan first spotted the offering, which is being conducted on a private basis according to sources in the Singapore real estate sector that spoke to CoinDesk.

Zhu and his wife Tao Yaqiong purchased a detached house on Singapore's Yarwood Avenue in December 2021 for S$48.8 million ($35 million), according to title data from the Singapore Land Authority.

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One down. who will be next?
there are 19k crypto things out there.
time to reduce it to just a few tens.


Lessons learned :

- don't overborrow / don't be too greedy
- trade with the trend, not trade with faith/belief
- as the market moves in your favor, take some profit.
don't hold and hold till the end of the world
- must have STOP in place
- most importantly, don't INVEST but TRADE
 
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Chapter 11:

https://www.prnewswire.com/news-rel...ize-value-for-all-stakeholders-301581177.html

The Company has over $110 million of cash and owned crypto assets on hand, which will provide liquidity to support day-to-day operations during the Chapter 11 process, in addition to more than $350 million of cash held in the For Benefit of Customers (FBO) account at Metropolitan Commercial Bank. Voyager also has approximately $1.3 billion of crypto assets on its platform, plus claims against Three Arrows Capital ("3AC") of more than $650 million.
 
I believe BTC broke all the way down to 17K, a few weeks ago, but didn't last long with all the value-buyers rushing in. It looks like it will take a tremendous amount of selling pressure to fall through that.

If Europe tries (and succeeds) in banning BTC again due to energy concerns, then there is your potential catalyst.
 
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