ChainCatcher news, according to Bloomberg, hedge fund manager Steven Tananbaum's GoldenTree Asset Management has sold its cryptocurrency subsidiary to digital asset investment firm Republic.It is reported that former GoldenTree partner Joe Naggar will join the newly created entity under Republic, Republic Digital, as CEO and Chief Investment Officer.Naggar stated that the acquisition of GoldenTree's wholly-owned subsidiary GoldenChain was completed last week. He declined to disclose the terms of the deal citing confidentiality.

ChainCatcher news, according to sources cited by The Block, venture capital firm GoldenTree's long-time partner Joseph Naggar will be leaving. Joseph Naggar has been responsible for leading GoldenTree's investments in the crypto space, including dozens of crypto startups.Additionally, sources revealed that GoldenTree is exploring various options to advance its crypto division, including the possibility of spinning it off.

According to ChainCatcher news, on-chain analyst Yu Jin monitored that half an hour ago, asset management company GoldenTree redeemed 5.9 million SUSHI tokens and transferred 2.51 million SUSHI tokens to Binance. GoldenTree's SUSHI was purchased in September-October last year, when GoldenTree expressed optimism about SUSHI in the SUSHI forum and bought 5.9 million SUSHI tokens at an acquisition cost of about $1.2. (source link)

According to ChainCatcher, asset management company GoldenTree, which manages nearly $47 billion in assets, disclosed that it holds approximately $5.3 million worth of SushiSwap governance tokens, SUSHI. Additionally, GoldenTree published an article on the SushiSwap community forum outlining strategies related to SushiSwap and its governance token, expressing a desire to engage with the Sushi community. Furthermore, GoldenTree revealed an Ethereum address link starting with "0x9C2" in the article, which contains about 3 million SUSHI tokens, valued at approximately $5.3 million. On-chain data shows that these tokens were added to the address 22 days ago. (source link)