Venture capital funding directed towards crypto startups totaled $4.5 billion during the second quarter, down 22% versus the previous three months. According to DefiLlama data, the breakdown of the second quarter shows monthly flows of roughly $1.29 billion in April, $624 million in May, and $2.5 billion in June. June’s figure is over 4x larger […]
Crypto VC funding drops 22% in Q2 despite strong June finish Read More »
DeFi Development Corp has unveiled plans to raise $100 million through a private offering of convertible senior notes to strengthen its Solana-focused treasury strategy as anticipation for potential U.S. approval of Solana exchange-traded funds (ETFs) ramps up. DeFi Development Corp. said proceeds will be used partly to repurchase its own shares through a prepaid forward
Canadian fintech Mogo announced on July 2 that its board had cleared up to $50 million for staged Bitcoin purchases as a long-term treasury reserve, prompting its shares to jump 140% at market opening on the Toronto Stock Exchange. MOGO closed July 1 priced at 1.74 Canadian dollars, worth roughly $1.28. It opened on July
Ethereum developer Zak Cole is spearheading a new initiative called the Ethereum Community Foundation (ECF), which will primarily work to enhance the digital asset’s economic value. The initiative was announced during the Ethereum Community Conference in Cannes, France. Founded by Cole and a group of ecosystem supporters, the ECF has reportedly already raised “millions” and
Institutional Bitcoin accumulation shows no signs of slowing as Strategy and Metaplanet purchased close to 6,000 BTC last week, continuing their aggressive acquisition strategies. According to their separate announcements on June 30, the two companies acquired 5,985 BTC, investing approximately $640 million in the process. Strategy moves closer to 600K BTC Strategy, the largest corporate
Strategy edges closer to 600K BTC as major players intensify Bitcoin buys Read More »
Crypto investment products recorded $2.7 billion in net inflows last week, according to CoinShares’ latest report. This marks the eleventh consecutive week of positive flows, bringing the streak of inflows to $16.9 billion and helping push the year-to-date total to $17.8 billion. The sustained inflows helped push total assets under management for crypto investment products above $184
Crypto investment inflows hit $16.9B in 11-week streak Read More »
At the BTC Prague conference this week, Strategy (formerly MicroStrategy) co-founder Michael Saylor stated that Bitcoin treasury companies can grow as quickly as they can issue equity and credit to purchase Bitcoin. Delving into the business model of Bitcoin treasury companies like Strategy, Saylor explained how corporate investment in BTC can far outpace individual investments.
Financial advisors should be recommending clients to allocate between 10% to 40% of their portfolio to crypto, influential investment manager Ric Edelman told CNBC on Friday. According to Edelman, founder of the Digital Assets Council of Financial Professionals, the percentage of allocation to crypto should be decided based on the client’s risk appetite. Therefore, he
Financial advisor Ric Edelman says crypto should make up 10-40% of a portfolio Read More »
Japan-based Metaplanet has overtaken Tesla among corporate Bitcoin holders following its largest single purchase to date. On June 26, the firm confirmed that it acquired 1,234 BTC for approximately $132.7 million, paying an average of $107,557 per coin. This brings Metaplanet’s total Bitcoin holdings to 12,345 BTC, now worth about $1.33 billion based on current
New Metaplanet buy flips Tesla in Bitcoin holdings as shares slide 5% Read More »
Grayscale has unveiled a new single-asset investment vehicle centered on the Space and Time (SXT) token, according to a June 24 announcement. The fund, officially named the Space and Time Trust, offers accredited investors direct exposure to one of the crypto sector’s newest data infrastructure projects. Individual and institutional participants can subscribe to the Trust
Grayscale introduces Space and Time Trust fueling SXT 15% rise Read More »
