Three Arrows Capital buys Ethereum worth $56M, despite CEO’s ‘love and abandonment’

Like many cryptocurrencies, Ethereum has been growing in value since last year. But not without a considerable amount of volatility, price corrections, and speculations. At press time, the token was trading around the $3,820 mark, with a 4.5% setback. Well for some this might induce fear but for long-term/prominent  investors, this indicates a “Buy-the-dip” scenario. … Read more

Three Arrows Capital Buys $660M of ETH Since Billionaire Founder ‘Abandoned’ Ethereum

Three Arrows Capital Ltd bought more than $660 million worth of ether (ETH) in the three weeks since billionaire founder and chief executive officer Su Zhu announced he was quitting ethereum. Sponsored Sponsored In total, the Singapore-based hedge fund purchased around 156,000 ether, as crypto markets crashed the weekend of Dec. 4-5, according to a … Read more

‘Always grateful’ – Three Arrows Capital CEO retracts ETH abandonment tweets

Hours after issuing scathing criticism against the Ethereum network, Three Arrows Capital CEO Zhu Su has backtracked on his comments. He claimed that the previous post had been made in the “heat of the moment”. In a Twitter thread posted hours after the original, Su apologized for the outburst and claimed that there are “great … Read more

Crypto Billionaire Su Zhu ‘Abandons’ Ethereum Due to High Transaction Fees

Su Zhu, the chief executive officer of Singapore-based hedge fund Three Arrows Capital Ltd, said on Nov 21 that he has “abandoned” Ethereum due to high transaction fees, which have alienated new investors. Sponsored Sponsored “Yes, I have abandoned Ethereum despite supporting it in the past,” Zhu outlined in a scathing thread on Twitter. He … Read more