Crypto hedge fund Three Arrows Capital has entered liquidation, source says

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Singapore-based 3AC failed to make payments on a loan of 15,250 bitcoin and US$350 million worth of USDC.

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Gold prices were hemmed in a tight range on Tuesday as prospects of higher interest rates challenged bullion's safe-haven appeal while recession risks boosted it. Speaking at the European Central Bank's annual conference in Portugal, President Christine Lagarde said the bank will move gradually but with the option to act decisively on any deterioration in medium-term inflation.

 

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