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July 6, 2024 Tóth Balázs

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Multicoin Capital Supports Republicans

The crypto investment firm Multicoin Capital has announced plans to donate up to $1 million to support crypto-friendly Republican lawmakers. The donations will be pooled through The Sentinel Action Fund over the next 10 days, with the entire process managed by the crypto broker Gemini. Their goal is to back candidates who believe America should remain open to innovation.

3AC Wallet Buys an Expensive NFT

A wallet linked to the bankrupt crypto hedge fund Three Arrows Capital (3AC) inadvertently purchased an NFT nearly three years after making a bid. On August 21, 2021, the 3AC wallet placed a 20 ETH bid on the “Neon Village” NFT, which was accepted by the previous owner on Friday. It appears that the amount reserved for the bid was overlooked by the liquidator, Teneo, and was not included in the liquidation assets.

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