ICYMI: CoinShares reports drop in earnings amid crypto market slump
The asset manager said it deployed $313m across a range of DeFi protocols, including Anchor, TrueFi and Maple Finance.European digital asset manager CoinShares reported declining first-quarter profit as trading revenue sank.
"While the market conditions of Q1 2021 were such that significant opportunities existed for the group’s delta neutral trading strategies, the main driver of the business unit’s performance in Q1 2022 was DeFi related staking and lending activities," CoinShares said in the statement.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CoinShares' Q1 Financial Results Took a Hit Amid Crypto Market DownturnCoinShares noted a pullback in its 2021 quarterly financials amidst tepid market conditions in the cryptocurrency space.
Read more »
CoinShares's Preliminary Q1 Earnings Slump 45% YoY to $23.4MEuropean digital asset manager CoinSharesCo saw its preliminary earnings slide in Q1 compared to a year ago, owing to the relatively depressed state of the broader crypto market. By JamieCrawleyCD
Read more »
Weiss Ratings Report Claims Crypto-Backed Home Loans Spell Trouble – Bitcoin NewsA Weiss Ratings report says lenders who allow people to use crypto to back a mortgage might be adding more risk to current market conditions.
Read more »
Sequoia Capital Partner Believes Lots of VCs Will Pull Back From Crypto – Bitcoin NewsShaun Maguire, a crypto partner in Sequoia Capital, one of the most active VC firms, is not very optimistic about the future of other venture capital companies in the sector.
Read more »
SEC nearly doubles crypto unit staff to crack down on abuses in the booming marketThe SEC announced Tuesday that it is almost doubling its staff responsible for protecting investors in cryptocurrency markets.
Read more »
Derivatives, Spot Markets, Dex Swaps — 30 Day Crypto Trade Volumes Slipped Across the Board Last Month – Market Updates Bitcoin NewsCrypto trade volumes in April dropped, and lower than average trade volumes typically suggest overall interest has declined.
Read more »