Cryptocurrency
The founders of crypto fund Three Arrows Capital are missing

The founders of crypto fund Three Arrows Capital are missing. They are being sought for the company’s bankruptcy filing.
Three Arrows Capital (3AC) was once the largest crypto fund and one of the most popular companies in the industry, but by today it has almost completely lost its management vertical.
Three Arrows Capital’s problems became known in mid-June. Then, sources reported that the positions of the cryptocurrency fund were liquidated by the exchanges FTX, Deribit and BitMEX, due to which the position of the organization significantly deteriorated. At the same time, 24 hours later, sources also told about the disappearance of Soo Joo. As reported on June 18, the entrepreneur did not get in touch with the staff of the fund.
What’s going on with the 3AC crypto fund
The exact whereabouts of foundation founders Soo Joo and Kyle Livingston are currently unknown. They haven’t made any public statements, even on their social media accounts, for quite some time.
Some of the lawyers in the Three Arrows Capital bankruptcy case fear that the missing Zhu and Livingston may now try to sell the fund’s assets outside the debt liquidation process.
There is a real and unavoidable risk that the fund’s debtor’s assets could be transferred or otherwise disposed of by parties other than court-appointed foreign representatives to the detriment of the debtor, its creditors and all other interested parties.
The representatives of the law are trivialized. Since it is impossible to establish the location of the co-founders of the crypto-fund, it is also impossible to predict the future course of events.
Statement of problems with the liquidation of the debt 3AC
Liquidators noted that due to the nature of 3AC’s business, “risk is heightened” because cryptocurrencies are “easily transferable.” Lawyers should facilitate “an orderly winding down of the company’s operations and begin liquidating its assets.” The missing co-founders of the company were filed with the court on Friday, July 8. One of the liquidators, named Christopher Farmer, had previously traveled to Singapore to visit the offices of 3AC.
Documents and assets to be provided by the fund’s co-founders
There is still no trace of the founders of the foundation. This only makes things more heated by the day: if Soo Joo and Kyle Livingston don’t show up soon, it’s possible that local law enforcement may be after them.
Not only cryptocurrency platforms but also banks have been outraged by customers in recent days. The Chinese city of Zhengzhou recently saw massive protests over the blocking of a huge number of local bank accounts. Sources estimate that the amount of funds in blocked accounts could exceed the $1.5 billion mark.
Rumors about the plight of Chinese banks have been circulating on the Web since at least April 18. At that time, three major banks at once froze deposits of clients, referring to the update of their systems.
This whole situation perfectly demonstrates the main flaw of the traditional financial system — complete centralization. The client, whose funds were left sitting idle at the bank, is essentially being held hostage by the bankers.
The collapse of Three Arrows Capital is one of the major sensations in the cryptocurrency industry in 2022. Still, not too long ago, 3AC was considered a key player in the market, actively investing in new platforms, while Suu Joo was gaining hawkers amid his harsh remarks.
Now the fund not only faces an asset sale, but also the prospect of having to track down the founders. The situation can only change so drastically and dramatically in the digital asset industry.
Cryptocurrency
Bitcoin Price Analysis: Is New ATH Next for BTC After Surging Past $100K?

Bitcoin has just broken above the $100K psychological level for the first time in months, and the momentum has shifted clearly in favor of the buyers.
With the price climbing sharply and on-chain metrics aligning, the current leg suggests bullish continuation, but there are still some key levels to monitor.
Technical Analysis
The Daily Chart
On the daily timeframe, BTC has pushed through the $100K resistance level and is now hovering around the $103K mark. This breakout came after a clean reclaim of both the 100-day and 200-day moving averages and a retest of the ascending trendline that’s been respected over the last months.
Moreover, the RSI is firmly in overbought territory, currently above 75, indicating strong bullish momentum, although it also warns of a possible short-term cooldown. If the breakout is sustained, the next visible resistance level will be around $108K, while the $99K zone will now act as a new key support.
The 4-Hour Chart
Investigating the 4H-chart, we can see the breakout from a rising wedge that had been forming for over a week. Price first broke above the $97K–$98K range, and exploded toward the $103K area.
Momentum indicators like RSI confirm strength, although we now see early signs of short-term exhaustion. This suggests a possible retest of the breakout zone around $100K or even $98K before continuation. Yet, as of now, the overall structure favors further upside unless the $96K–$97K zone fails to hold.
Onchain Analysis
Exchange Reserve
From an on-chain perspective, exchange reserves continue to plunge, making a new multi-year low. This ongoing decline reinforces the long-term bullish thesis: less BTC available on exchanges typically reflects accumulation behavior and reduced selling pressure.
It also suggests that long-term holders are not eager to offload their coins even at these high levels. The macro trend of shrinking exchange balances supports the current breakout and adds confidence to the sustainability of the rally, even if we get short-term pullbacks.
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Cryptocurrency charts by TradingView.
Cryptocurrency
Bitcoin Bull Score Jumps to 80 as Spot Demand Fuels Optimism

After months of price malaise, Bitcoin (BTC) is roaring back, having climbed past $103,000 today and signaling a shift in market sentiment.
According to CryptoQuant, the catalyst is a massive surge in spot demand, which has propelled Bitcoin’s Bull Score Index from a bearish 20 to a blazing 80, indicating one of the most bullish readings in over a year.
Market Sentiment Shift
The index comprises ten key on-chain metrics, including liquidity, network activity, and market inflows. Historically, flows above 60 have been associated with sustained rallies, while those below 40 have often signaled bear markets.
As recently as April 7, data from CryptoQuant shows Bitcoin’s Bull Score was languishing at 10, with prices struggling below $80,000. However, a steady climb in spot demand, fueled by ETF inflows and institutional interest, revitalized the market.
By April 26, the score had hit 40 as BTC reclaimed the $94,000 level, and this week’s jump to 80 comes alongside the crypto asset smashing through $100,000 for the first time since February.
Supporting this thesis, analytics firm Santiment recently reported that more than 344,000 new wallets had been created on the Bitcoin network over the past week, as retail FOMO kicked in. Such growth has often been witnessed during previous cycle tops, suggesting a wider demographic is now buying into BTC.
CryptoQuant CEO Ki Young Ju acknowledged the importance of the shift, posting on X earlier today:
“Two months ago, I said the bull cycle was over, but I was wrong… selling pressure is easing, and massive inflows are coming through ETFs.”
Ju noted that traditional sell-pressure triggers, like whale dumps, are now being offset by institutional demand. The relentless acquisition of Bitcoin by corporations like Strategy, spot ETFs, and even government interest, including the signing off on a national Bitcoin Strategic Reserve by U.S. President Donald Trump, has introduced unprecedented liquidity, making past cycle models less reliable.
“It’s time to throw out that cycle theory,” said the analyst. “The market is merging with TradFi, and institutional liquidity is overpowering traditional sell-off patterns.”
A Rally From April Lows
Meanwhile, price action tells its own story. Bitcoin is currently trading at $103,260, up some 3.5% in the last 24 hours. The asset has also rallied 33.7% over the past 30 days, while year-on-year, it’s increased almost 70%.
However, despite the impressive rebound, BTC still sits 5.2% below its all-time high of roughly $109,000 from earlier in the year.
Furthermore, Bitcoin’s 6.6% uptick across the week means that despite dominating altcoins with a 60.5% share of the sector, its performance lags slightly behind the broader crypto market, which grew 8.8% in the last week.
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Cryptocurrency
Orderly Announces Retroactive 2.3M $esORDER Available to Claim for Solana Traders

[PRESS RELEASE – Singapore, Republic of Singapore, May 9th, 2025]
Web3 liquidity layer Orderly has announced retroactive escrowed $ORDER tokens for Solana users. Traders who have used any Orderly-powered DEX on Solana will automatically earn the retrospective trading rewards, with more than 2.3M $esORDER (escrowed $ORDER) available to claim.
Traders who used any Orderly-powered DEX on Solana who visit Orderly’s Trading Rewards page can connect their wallet and claim their retroactive rewards. After claiming their share of 2.3M $esORDER, Solana users can elect to stake their tokens to participate in the $ORDER staking program or vest their $esORDER and convert it to $ORDER at a later date.
The retroactive $esORDER incentive has been accompanied by the launch of Orderly’s staking program on Solana. This allows Solana users to stake Orderly’s native token and receive trading rewards for fees accrued across its omnichain liquidity layer. The introduction of $ORDER staking on Solana allows network users to utilize their tokens to earn yield while supporting the growth of Orderly’s cross-chain trading infrastructure.
Orderly’s decision to launch its popular staking program on Solana follows the integration of its shared order book on the network earlier this year. This has allowed Solana traders and trading protocols to gain access to deep liquidity procured from across the omnichain landscape, including EVM networks. Orderly’s liquidity layer is now powering leading Solana DEXs, including Raydium.
Orderly CEO Ran Yi said, “Bit by bit, we’re breaking down the barriers that separate Solana from the Ethereum ecosystem. First by bringing our cross-chain orderbook to Solana, and now by following suit with $esORDER rewards to Orderly traders and the launch of $ORDER staking. This means that Solana users can now capture the upside to Orderly’s growing trading volume, both on their own chain and on the long tail of EVM networks that Orderly supports.”
The $ORDER staking program, which redirects 60% of all Orderly fees to holders who stake the native token, has proven extremely popular since its inception. More than 4,200 active stakers currently share in a portion of the more than $10M in fees that have been generated to date.
Through staking their tokens on Solana, $ORDER holders can earn a pro rata share of protocol fees generated not just on Solana but across all of the networks Orderly supports. Solana users who participate in the program will be eligible for a share of the same rewards pool currently open to EVM stakers while benefiting from Solana’s low fee environment.
The introduction of $ORDER staking on Solana reinforces Orderly’s commitment to building within the Solana ecosystem. Through supplying the liquidity for decentralized exchanges to offer superior pricing, Orderly aims to become the network’s preeminent DeFi solution for unified liquidity.
Solana users can now stake their native $ORDER tokens at https://app.orderly.network/staking, while $esORDER rewards will continue to be distributed to Solana traders using Orderly DEXs on a fortnightly basis.
About Orderly
Orderly is the infrastructure that lets people trade anything, anywhere via a permissionless liquidity layer that delivers deep, unified liquidity across all blockchains through a single orderbook. Orderly ensures robust liquidity across major chains such as Solana, Sonic, Arbitrum, Base, Mantle, Ethereum Mainnet, OP, and Polygon, and grants traders and exchanges access to over 100 markets through their unified trading infrastructure.
Learn more: https://orderly.network/
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