Deals with articles on the cryptocurrency markets, crypto investment strategies, market analyses, and trading insights.
Galaxy Digital Holdings (@GalaxyDigital) has raised $113M for its Galaxy Ventures Fund I LP, aiming for $150M to invest in early-stage crypto startups. Initial investments: Ethena, Monad, and Plume. Each project will receive $3-$5M as they push blockchain innovation. #Update
Hashdex has applied to the SEC for a spot crypto ETF focused on Bitcoin and Ethereum. If approved by March 2025, it will be the first of its kind in the U.S., offering low fees and diversification. #CryptoNews #ETF @Hashdex
On July 24, 2024, US spot Bitcoin ETFs saw a $44.51M inflow. Leading the surge, BlackRock’s IBIT fund attracted $65.99M, while Grayscale’s GBTC fund faced a $26.22M outflow. This highlights a shift in investor preferences within the crypto market. #BitcoinETFs #CryptoNews
Japan’s SBI Holdings partners with US investment firm Franklin Templeton to launch a Bitcoin ETF-focused investment company. With SBI holding a 51% stake, this move aligns with Japan’s anticipated easing of Bitcoin ETF regulations. #BitcoinETFs #CryptoMarket #FinanceNews
Swiss crypto bank @SygnumBank reports H1 2024 profits as trading volume doubles. Spot crypto trading up 100%, crypto derivatives surged 500%, and lending volumes rose 360%. $BTC ETFs launched, $ETH ETFs anticipated. #Crypto #Update
Ethereum spot ETFs launched in the US on July 24, with BlackRock leading a $1.11B first-day trading volume. Ethereum options open interest hit $7.39B. #Crypto #ETH
Riot Platforms (@RiotPlatforms) acquires Block Mining for $92.5M, increasing its Bitcoin mining capacity by 60 MW, with plans to reach 110 MW by 2024. This boosts total capacity to 2 GW, aiming for a 16 EH/s hash rate by 2025. #Update #BitcoinMining
Riot Platforms, Inc. acquires Block Mining, Inc. for $92.5M to boost hash rate. The deal includes 60 MW capacity, aiming to hit 100 EH/s by 2025. Analysts raise 2024 revenue estimates to $344.2M. #CryptoNews #Update
Network3 secures $5.5M in pre-seed and seed funding from investors like Borderless Capital and EV3 to expand its team and develop new mining hardware. The firm operates 240,000 nodes globally with its decentralized AI infrastructure, Edge AI. #Crypto #Update
Caldera, a Rollup-as-a-Service platform, raises $15M in Series A led by @FoundersFund, with @dragonfly_cap, @sequoia, Arkstream, and Lattice. Funds will develop Metalayer to unify L2 and L3 ecosystems, aiding over 50 projects on Optimism, ZKsync, Arbitrum, and Polygon. #Update
Polymarket partners with MoonPay, enabling bank transfers and credit card funding for crypto bets. This simplifies the betting process and introduces additional crypto assets, boosting engagement amid the U.S. presidential election. #Update #CryptoNews
Senator @CynthiaMLummis opposes a 30% energy tax on Bitcoin miners, arguing it risks pushing the industry overseas and stifles innovation. Up to 52.6% of Bitcoin mining is emissions-free, and the tax targets even off-grid sources. #CryptoNews
Ripple’s $XRP surged 6% to $0.6378 amid ETF hopes. Ripple CEO @bgarlinghouse hinted at a possible XRP ETF, potentially involving BlackRock. XRP’s golden cross pattern suggests further price rises. #Update
Backed and @LiskHQ partner to boost real-world asset adoption in emerging markets. Leveraging @Backed’s RWA expertise and Lisk’s $LSK blockchain tech, the collaboration includes up to $100K grants for African entrepreneurs. #Update
