Billionaire Alan Howard-backed crypto incubator WebN Group is shutting down. The organization had invested in multiple digital asset projects. Sources say WebN has "fulfilled its mission," and some employees have transferred to Brevan Howard, which has suffered significant losses in recent years.

The crypto community is divided on Bitcoin's short-term trend, with some analysts warning of a potential new low, while others expect the price to rebound to $84,000. Keth Alan believes the bottom has not yet been reached, while Rekt Capital is bearish. Michaël van de Poppe and Samson Mow are optimistic, expecting the price to recover.

Odaily Planet Daily reported that Bitcoin recently faced resistance at $95,000 after a rebound. Analyst Roman posted on X platform stating that he still believes BTC will reach $76,000. He mentioned that the current sideways consolidation is just a reset for a potential decline, with no signs of reversal observed, and that the higher timeframes remain very bearish. Additionally, Keith Alan, co-founder of Material Indicators, indicated that BTC's first breakout attempt has been confirmed as a failure, and he is now focusing on the technical support levels between $87,500 and $89,000. With a macro death cross forming on the weekly chart later this month, he views any subsequent upward movement as a selling opportunity. Furthermore, trader Daan Crypto

The core development team behind Zcash, Electric Coin Company (ECC), has recently undergone significant organizational changes. ECC CEO Josh Swihart revealed that the entire team has separated from the non-profit organization Bootstrap, which was originally established to support Zcash, and plans to create a new company to continue advancing Zcash's privacy currency vision. This news quickly attracted widespread attention from the crypto market and the Zcash community. Swihart stated that over the past few weeks, the ECC team gradually realized that several key members of the Bootstrap board of directors had significantly diverged from Zcash's long-term mission in terms of governance direction and values. He specifically mentioned Zaki Manian, Christina Garman, Alan Fairless, and Michelle Lai of ZCAM, and said that related management decisions had directly affected the team's ability to perform their duties. “Our employment relationships have changed, making it impossible for us to continue working in an honest and efficient manner,” Swihart explained, adding that the collective resignation was to protect the team's years of accumulated achievements.

Alan Tam's son, Alan Tam Xiaofeng, has been prominent in the cryptocurrency and technology fields in recent years, serving as a senior software engineer at a Web3 startup, focusing on developing digital wallets and cryptographic protocols. He previously managed "CryptoKitties" and once accounted for 16% of transaction traffic on the Ethereum network.

PANews December 18 News, according to Cointelegraph, a class-action lawsuit has been filed against Silvergate Bank, a crypto-friendly bank in California, and is now calling on users related to FTX or Alameda Research accounts to participate in claims. A group of investors is urging Silvergate users who deposited fiat currency into "accounts related to FTX or Alameda" between 2019 and 2022 to submit a lawsuit settlement application to the United States District Court for the Southern District of California. The lawsuit requires investors to choose to opt out or claim by January 30 to comment on the $10 million settlement plan. The plan aims to address issues concerning Silvergate Bank, Silvergate Capital Corporation, and Alan J.

PANews, December 8—Alan Howard's hedge fund Brevan Howard currently has 150 employees in Abu Dhabi and is committed to staying there for the long term. It is currently the largest institution operating in Abu Dhabi. He stated that the Gulf city is rapidly rising and is expected to stand alongside Western financial centers such as London and New York, becoming a global financial hub. "A few years ago, I thought it would become the 'third pole' alongside New York and London. Now, I think it is fully heading in that direction." He explained that as more asset management companies and banks move in, trading volumes across various asset classes continue to rise, which creates a flywheel effect: for every fund manager working here, three to four professionals from service providers are also brought in. Nevertheless, much of the infrastructure and core talent supporting the hedge fund industry still remains concentrated in traditional centers. However, Howard