Cathie Wood’s Ark sheds almost $50bn in assets since 2021 peak | Financial Times: Total assets across Ark’s nine ETFs have slumped to $11.4bn from a peak of $60.3bn in February last year, according to Morningstar data.
2022 Amendments to the Bankruptcy Rules | Mintz : This collection of modifications may be broadly divided into two categories: (i) amendments and a new rule promulgated to account for the Small Business Reorganization Act of 2019 (the “SBRA”), and (ii) amendments clarifying or consolidating non-SBRA specific Bankruptcy Rules.
Sam Bankman-Fried to Be Released on $250 Million Bond - WSJ: The FTX founder makes first U.S. court appearance following his extradition from the Bahamas
The party is over in commercial real estate. Here's what to expect in 2023. - MarketWatch: An era of cheap debt that led U.S. commercial property prices to dizzying new heights is over.
Even After FTX, S.E.C. Chair Sees No Need for New Crypto Laws - The New York Times: Many of those thousands of cryptocurrencies listed on exchanges and websites that track digital asset markets are thinly traded cryptocurrencies, Mr. Gensler said, and are subject to the same kind of manipulation as micro-cap companies
FTX Seeks Referee for Fight Over $440 Million Robinhood Stake: FTX Group asked an American bankruptcy judge to intervene in a multinational fight over more than $440 million of Robinhood Markets Inc. shares tied to Alameda Research, Sam Bankman-Fried’s crypto trading house.