Bloomberg Television delivers comprehensive market coverage during the critical closing bell period on Wall Street, featuring insights from top financial executives and investment strategists across wealth management, securities, and institutional investing. Today’s broadcast brings together experts from BNY Wealth, Upwork, Mizuho Securities, Teneo, Wells Fargo Investment Institute, Wedbush Securities, Medium Rare, PIMCO, and Douglas Elliman to analyze market movements in the final trading moments.
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0 in Finance and 0 in Crypto last week3AC Liquidator to Sell $21M NFT Portfolio in Bankruptcy
The collapse of crypto hedge fund Three Arrows Capital (3AC) has entered a new phase as liquidator Teneo prepares to sell the firm’s $21 million NFT portfolio, excluding the controversial ‘Starry Night Portfolio.’ This massive liquidation represents a critical step in recovering assets for creditors owed $3.5 billion following 3AC’s implosion during the 2022 crypto market turmoil. The sale includes hundreds of high-profile NFTs from renowned collections like CryptoPunks, Bored Ape Kennel Club, and Autoglyphs, marking one of the most significant NFT liquidations in cryptocurrency history.
about 3AC Liquidator to Sell $21M NFT Portfolio in BankruptcyWall Street Closing Bell: Key Insights from Top Financial Experts
Bloomberg Television provides in-depth coverage of Wall Street’s closing bell, featuring high-profile guests like Jerome Schneider (PIMCO), Vlad Tenev (Robinhood CEO), and Stefan Slowinski (BNP Paribas Exane). The segment offers expert analysis on market trends, investment strategies, and economic outlooks from leading financial institutions and academics, including Ken Smetters (University of Pennsylvania) and Jim Bianco (Bianco Research). Legal and corporate perspectives are also highlighted with Bill Curtin (Hogan Lovells) and Emily Stromquist (Teneo), making this a must-watch for investors and traders.
about Wall Street Closing Bell: Key Insights from Top Financial Experts3AC Liquidator to Sell $21M in NFTs, Excluding Starry Night
Teneo, the liquidator for bankrupt hedge fund Three Arrows Capital (3AC), has revealed plans to sell $21 million worth of NFTs held by the firm, excluding the Starry Night Portfolio. The sale, set to begin 28 days after the notice, includes NFTs from renowned collections such as Bored Ape Kennel Club, Autoglyphs, and CryptoPunks. The decision aims to maximize asset recovery for creditors, as 3AC owes $3.5 billion to 27 companies following its collapse triggered by the Terra Luna crash. The liquidator has moved Starry Night Capital’s NFTs to a separate wallet, while high-value pieces like PEGZ and Otherdeeds will be auctioned.
about 3AC Liquidator to Sell $21M in NFTs, Excluding Starry Night