Arca was one of the earliest crypto investment firms to back Circle, Arca chief investment officer Jeff Dorman wrote in the letter. Circle is facing criticism from Jeff Dorman, chief investment officer at digital asset investment firm Arca, over a $135,000 allocation to the company during the stablecoin issuer’s recent initial public offering. In an open letter posted to social media, Dorman accused Circle and its leadership of poor judgment, calling the allocation “inappropriate” and announcing the closing of all Arca’s accounts with Circle. According to Dorman’s post, Arca was granted only a $135,000 participation in its $10 million order on the offering. Dorman said Arca was one of the first entities to make an offer. The executive said the company is one of Circle’s earliest backers and held steady even amid rumors of Circle delaying its IPO plans due to the macroeconomic shock of tariffs. The letter read: “Most of Arca’s management team left Wall Street eight years ago to start a crypto-native company sp...
Three children and an adult died Thursday when a fire broke out in a 13-storey apartment block in Diyarbakir, the main city in Turkey’s Kurdish-majority southeast, local officials said. Diyarbakır Governor Murat Zorluoglu said the fire began around 6:30 pm (1530 GMT) on the eve of Turkey’s Eid al-Adha celebrations. “Seventeen wounded people were transferred […]
MORADABAD: Vishva Hindu Parishad (VHP) member Dr. Raj Kamal Gupta has passed his remarks regarding Eid ul Adha animal sacrifice, asking for a ban on animal sacrifices and strict legal action against those who follow it, stirring the animal sacrifice controversy. According to his statement, the sacrificial act is considered to be a sin, drawing […]
Hollywood actor Ana de Armas has shared insights into how she prepared for the stunts in the action-heavy ‘Ballerina.’ To Read Lifestyle Stories in Urdu – Click Here The actor plays Eve Macarro in the film, which also features Keanu Reeves as John Wick. Directed by Len Wiseman, ‘Ballerina’ is set between the events of […]
MULTAN: In a key operation, Pakistan’s intelligence agencies, in collaboration with the National Cybercrime Investigation Agency (NCCI) Multan, have knocked down a global cybercrime network that was operational in the country. In the crackdown, five members of a 21-member gang, including Muhammad Aslam, Adeel Aziz, Usama Nawaz, Abdul Moeez, and Shoaib Nazir. The network, reportedly […]
DOHA: In the recent Doha weather forecast, the Qatar Meteorology Department has indicated that temperatures will be at their peak at 40°C on Friday, June 6, 2025, during the festival of Eid ul Adha, along with northwestern winds reaching speeds of up to 22 knots during the daytime. The department has urged residents of Doha […]