OpenAI eyes $100B valuation with new funding. Thrive Capital and @Microsoft lead the round, marking the largest since Microsoft’s $10B in early 2023. OpenAI plans GPT-4.0 customization update, fueling its influence in AI and crypto markets.
Cardano founder Charles Hoskinson has been inactive on social media for four days, prompting concern in the crypto community. Meme token $HOSKY users amplify the issue. $ADA holders anticipate potential bullish moves if Hoskinson returns with updates.
Lemniscap secures $70M to fund early-stage Web3 projects, focusing on zero-knowledge proof tech and DePIN. Averaging $1M-$2M per investment, the fund, backed by @AccoladePartners, aims to drive innovation in the blockchain ecosystem.
Hilbert Group partners with @XapoBank to launch a $200M Bitcoin hedge fund in September 2024. Investors can earn Bitcoin returns through structured credit deals. Fees: 2% management, 20% performance. This signals growing institutional interest in cryptocurrency.
Space and Time secures $20M in Series A funding, bringing total investments to $50M. Leading investors include Framework Ventures and Lightspeed Faction. The company aims to merge AI and blockchain for better data transparency and verification, emphasizes CEO Nate Holiday.
Tokenized Treasury Funds’ market cap doubled to $2.03B in five months, with TVL hitting $11.67B by Aug 27. $BLK’s USD Institutional Digital Liquidity Fund ($BUIDL) drove growth with $503M in assets in six weeks. @Franklin Templeton also saw gains.
BlackRock’s $IBIT ETF inflows hit $224M, driving Bitcoin’s price to $70K. Other ETFs like Franklin Templeton’s EZBC saw moderate gains, while Fidelity’s FBTC faced outflows. Hong Kong’s Bitcoin ETF AUM surged to $2.2B, boosting sentiment.
Crypto trader achieves 400% profit by early $DOGS trading on DEXs before CEX listings. Initial $18.4k investment in 55.9M tokens grew to $77.3k. @Binance @OKX @gate_io @Bybit listings drove a 3% price hike.
BlackRock ($BLK) adds 4,000 Bitcoin ETF ($IBIT) shares to its Strategic Global Bond Fund, boosting its crypto holdings to $22.14B. This move highlights rising institutional interest in Bitcoin, nearing the $60K mark, and growing demand for regulated crypto products.
Chainbound secures $4.6M led by Cyber Fund to accelerate Ethereum transactions with Bolt protocol. Notable investors include Maven 11 and Bankless Ventures. Bolt’s alpha version launched, mainnet expected end of 2024. Transactions confirm in under one second.
Crypto sector sees $231.7M surge in 41 projects. Story Protocol leads with $80M Series B, followed by Fabric Cryptography at $33M. Focus on DeFi and blockchain infrastructure. Notable investments: BiFinance, Skyfire, SatLayer. @a16z involved.
Major RIA invests millions in Bitwise Bitcoin ($BITB) and Ethereum ($ETHW) ETFs amid record inflows. Bitcoin ETFs saw $252M on August 23, totaling $506.4M for the week, while Ethereum ETFs faced $44.5M net outflows, with Bitwise’s ETHW gaining $1.4M.
SatLayer raises $8M, led by @Hack_VC and @CastleIslandVC, to enhance Bitcoin’s ($BTC) security and scalability through Bitcoin Validated Services. Investments include OKX Ventures and Franklin Templeton. Initial $4M goal saw $16M interest.
Grayscale Investments has launched the Grayscale Avalanche Trust, an ETF focused on $AVAX, now available to accredited investors. Following the announcement, $AVAX surged nearly 5%. This addition expands Grayscale’s portfolio to over 20 crypto-asset funds.
