The fund, to be run by Arthur Hayes and two associates, reportedly plans to use $40 million to $75 million for each acquisition of up to six crypto companies.
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In a letter to the US regulator, Ondo argued that Nasdaq's plan relies on undisclosed settlement details that could favor big players.
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The recent market crash that caused some cryptocurrencies to lose up to 99% of their value also dealt a significant hit to Satoshi's wallets.