INVESTMENT
Ethereum Layer-2 Offchain Labs Raises $120M Led by Lightspeed Venture Partners
Offchain labs raised $120 million led by Lightspeed Venture Partners in its Series B financing Tuesday, aiming to expand Ethereum contracts to meet the growing demand for Ethereum transactions.
Billionaire John Paulson Describes Crypto as “Worthless Bubble”, Will Eventually Crash to Zero
Legendary Billionaire investor, John Paulson, has trashed cryptocurrency. Paulson now calls cryptocurrencies a bubble that will eventually prove to be worthless. He instead recommends gold as a safe haven asset.
Morgan Stanley Buys Up To $40 Million Worth of Grayscale Bitcoin Trust Shares
Morgan Stanley recently bought more shares in Grayscale Bitcoin Trust to expand its allocation in Bitcoin investment. The move indicates a continued and ever-increasing position in crypto-related assets.
UK Billionaire Simon Nixon's Family Office Announces Plans to Enter Cryptocurrency Market
Seek Capital family office has decided to expand its investments into crypto assets by planning to hire an analyst who understands cryptocurrencies to help the firm manage crypto portfolios.
Fox Corp Leads a $100M Strategic Investment in Blockchain Digital Content Management Company Eluvio
U.S. media giant Fox Corp announced a $100 million strategic investment in Eluvio, a blockchain digital content management company to expand the Non-fungible token (NFT) business.
Taiwan’s Blockchain Startup XREX Completes $17M Pre-A Round Funding
Taiwan’s blockchain startup XREX has completed a pre-A round of financing, led by CDIB Capital Group, with $17 million in total.
Bitcoin’s Illiquid Supply Hits ATH as BTC and the S&P 500 Index Continue Being Strongly Correlated
Illiquid supply in the Bitcoin network hit a record-high, as acknowledged by on-chain metrics provider Dilution-proof.
Coinbase Invests $500M in Cash and Cash Equivalents and to Allocate 10% of Quarterly Net Income in Crypto
Cryptocurrency exchange Coinbase said it has committed $500 million in cash and cash equivalents and 10% of its quarterly net income which is worth $160 million will be invested in a portfolio of crypto assets.
South Korea Crypto Sector Face Headwind over Stricter Legal Regulations Challenges ahead
Crypto sectors and retail investors face a tough time as the finical regulators in South Korea are about implementing tougher and stricter administrative measurements to supervise the crypto industry.
Bitcoin Needs to Flip the $47K Area for Support before Witnessing a Surge to $50K
Market analyst Michael van de Poppe believes that Bitcoin needs to flip the $47K area to accomplish its $50K journey.
Institutional Adoption is Playing a Part in the Next Leg of Ethereum’s Bull Run
Dan Tapiero, the CEO of 10T Holdings, believes that institutional adoption is propelling the next leg of Ethereum’s bull run.
Ethereum Whales’ Accumulation Mode Continues as Price Tops $3,200
Ethereum whales are not relenting in their accumulation quest because addresses with more than 100k coins now hold 43.7% of the ETH supply.
Titan Unveils Actively Managed Crypto Investment Products for US Investors
Titan has entered into the crypto landscape, thus joining the likes of PayPal, Robinhood, and others in efforts to get involved in the crypto sector.
Helium Network Raises $111M through Token HNT Sale, Hitting a Three-month High
The Helium network, supported by Andreessen Horowitz, raised $111 million through the sale of its native token (HNT). HNT rose by 25.78% within 24 hours, and the price hit a three-month high.
Bitcoin Supply Held by Long-Term Holders Surge to 66%
Long-term holders (LTHs) have emerged to be significant players in the Bitcoin (BTC) ecosystem.
