FTX looks to Galaxy Digital to help manage crypto holdings | The Block: Bankrupt crypto exchange FTX is looking to Mike Novogratz’s Galaxy Digital to help manage its crypto holdings.
The Biggest Risks for Ag Producers Heading into Fall - OpenMarkets: What are the risks for corn and soybean producers heading into harvest season? Post June 30 Acreage report, the market reflects a tighter situation for Soybeans as the market navigates weather and export numbers. Four top agricultural analysts give their view on the current market situation and how participants should look at risk moving into harvest.
Wall Street Funds Discuss Potential Bankruptcy Plan for WeWork - WSJ: A group of Wall Street firms that lent hundreds of millions of dollars to WeWork is exploring the possibility of a bankruptcy filing that could help the company exit from expensive office leases, one of several options under discussion, according to people familiar with the creditors’ talks.
Hawaiian Electric Creditors Hire Davis Polk Amid Wildfire Suits: A group of Hawaiian Electric Industries Inc.’s private placement noteholders is working with law firm Davis Polk & Wardwell to help navigate the potential financial fallout stemming from the devastating wildfires in Maui, according to people with knowledge of the matter.
WeWork Taps Restructuring Advisers in Effort to Stave Off Bankruptcy - Bloomberg: The co-working giant has hired real estate adviser Hilco Global, once again tapped consultant Alvarez & Marsal and re-engaged law firm Kirkland & Ellis for advice on its options, according to the people, who asked not to be identified because the matter is private.
Why Sanctions on Tornado Cash Founders Pose Existential DeFi Threat - Bloomberg: Most DeFi platforms require a native token in order to function — and it’d be hard to argue that industry founders haven’t been enriched by their token’s growth in one form or another. As a result, the consequences of the sanctions against Tornado Cash and any guilty verdict against its founders could set a chilling precedent for DeFi.
Maui Alleges Hawaiian Electric Caused Lahaina Wildfire - WSJ: County files a lawsuit against the utility claiming negligence.
JPMorgan Wins Ruling That Leveraged Loans Are Not Securities: JPMorgan Chase & Co. won a federal appeals court ruling that a $1.8 billion leveraged loan at issue in a court case was not a security, a victory for the banking and private equity industries.
