Three Arrows Capital lawyers say the whereabouts of co-founders Su Zhu and Kyle Davies are unknown
Its lawyers said，Three Arrows Capital founders Su Zhu and Kyle Davies have fled Singapore and their whereabouts are unknown, according to Three Arrows’ bankruptcy filing information.
Earlier, Bloomberg reported that Three Arrows Capital had filed for bankruptcy protection in a New York court under Chapter 15 of the U.S. Bankruptcy Code. The move is aimed at protecting its U.S. assets.
Data: Bitcoin miner balance hits lowest point this year
According to Glassnode data, miner balances just hit a seven-month low of 1,819,038.702 BTC, also the lowest point this year. The previous seven-month low of 1,819,225.402 BTC was previously observed on May 13, 2022. This means that miners have been constantly selling the BTC they mined recently.
Russians will be banned from accessing BitMEX within the EU from July 11
Russians will be banned from accessing cryptocurrency exchange BitMEX within the European Union from today, as BitMEX is reportedly working to improve European compliance with Russian sanctions by preparing to impose significant restrictions on its Russian users. In this regard, BitWell reiterated that it will not impose any restrictions on users in Russia and other regions.
93% chance the Fed will raise rates by 75 bps in July
News on July 11, according to CME’s “Federal Reserve Watch”: The probability of the Fed raising interest rates by 75 bps in July is 93%, and the probability of raising interest rates by 100 bps is 7%; by September,there is no possibility that the cumulative rate of interest rate hikes will be 50, 75, and 100. The probability of a cumulative rate hike of 125 bps is 66%, the probability of a cumulative rate hike of 150 bps is 31.9%, and the probability of a 175 bps rate hike is 2.0%.
