Digital Assets Report

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Global proprietary trading firm Jane Street Capital has taken legal action against multi-strategy hedge fund major Millennium Management and two former employees over the alleged theft of trader secrets, according to a report by the Financial Times.
Shares of life insurance company Globe Life dropped by 54% to $57, their lowest point in over a decade, after short seller Fuzzy Panda Research published a research report alleging insurance fraud at the company, according to a report by Reuters.
Global electronic brokerage firm Interactive Brokers has added to its offering for hedge funds with the launch of a high touch prime brokerage and global outsourced trading services to complement the firm’s existing automated trading platform.
L1 Capital, a prominent Australian activist hedge fund firm launched by former Macquarie investment banker James Hawkins, has recorded a gain of more than 42% with its Catalyst Fund since the strategy launched in 2021, according to a report by Bloomberg.
A slump in Apple’s share price, coupled with the potential for AI upgrades to its iPhones, has led to the company attracting the attention of increasing numbers of hedge funds, according to a report by Bloomberg citing analysts at JPMorgan Chase & Co.
Lawyers acting for Sam Bankman-Fried, the Founder of failed cryptocurrency exchange FTX and related hedge fund firm Alameda Research, have filed a notice of appeal of his federal fraud and conspiracy conviction.
New York-based activist hedge fund FourWorld is looking to reverse a deal involving Frontline, a shipping company controlled by Cyprus’s richest citizen, John Fredriksen, and Belgian crude oil shipping group Euronav, according to a report by the Financial Times. 
A Dutch arbitration court has ordered South Korea to pay New York hedge fund Mason Capital Management more than $32m in a dispute over the merger of two Samsung affiliates back in 2015, according to a report by Reuters.
The USDe token, Ethena’s so-called synthetic dollar, which aims to replicate the common hedge fund basis trade, is attracting billions of dollars of investment, as well as scepticism about the sustainability of its 37% yield, according to a report by Bloomberg.
Dymon Asia Capital, the Singapore-based hedge fund firm founded by Danny Yong and Keith Tan in 2008, has added to its team in the firm’s headquarters in the city state, as well as making appointments in its Hong Kong and Mumbai offices, according to a report by eFinancial Careers.

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