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Investment firm Tiger Global is said to have marked down the value of its stakes in Bored Ape Yacht Club and OpenSea. According to a report from Bloomberg, the New York-headquartered investment firm has slashed its stakes in Bored Ape Yacht Club (BAYC) and marketplace for digital collectibles OpenSea by 69% and 94% respectively. While the reason for the move was not clear, it was not the only reduction made by Tiger Global. As per the report , the VC firm also slashed its stake in an AI-powered email company Superhuman by 45% and cut its valuation for search engine website DuckDuckGo by 72%, according to people familiar with the matter. You might also like: Magic Eden releases cross-chain NFT and crypto wallet Bloomberg claims investors in Tiger Global’s Private Investment Partners 15 fund suffered an 18% paper loss at the end of September, suggesting the latest move was made in a bid to contain risks of further decline. As of press time, Tiger Global made no publ...

Join Our Telegram channel to stay up to date on breaking news coverage TRU, the Ethereum-based ERC-20 token that powers decentralized finance protocol TrueFi, saw an enormous near 100% price spike on Thursday. The crypto token was last changing hands around $0.083, down a little over 5.0% on Friday amid further profit-taking, with TRU having now dipped over 40% since Thursday’s intra-day multi-month highs in the mid-$0.14s. But that still leaves TrueFi’s TRU token over 80% higher versus its Wednesday close, with the cryptocurrency having spiked aggressively above its 200DMA just under $0.05. TRU’s spike appears to have been triggered by speculation as a result of a recent Binance stablecoin transaction. On Thursday, Binance minted $50 million in TrueUSD (TUSD), sparking speculation that the TUSD stablecoin might be about to take a larger role within Binance’s platform following the recent US regulatory crackdown on Paxos, the issuer of Binance USD (BUS...