The fund employs a long/short relative value trading strategy, and will launch with $25 million to $50 million in capital.
Investment Firm Republic Purchases 10M Astra Protocol Tokens in New Deal
The fixed supply utility token will be locked for compliance usage.
ETHDenver 2023 Ran a Profit. Will Members of Its DAO Get Some of the Returns?
After ending this year’s edition well in the black, Colorado cooperative SporkDAO LCA may now vote to send distributions to token holders.
Multicoin Capital’s Hedge Fund Lost 91.4% Last Year, Investor Letter Reveals
The fund’s performance was severely impacted by direct exposure to now-bankrupt crypto exchange FTX and holdings in FTT and Solana-based tokens.
Flashbots Makes Privacy-Enhanced Block Builder Open Source on Ethereum Testnet Sepolia
Research shared by the team details that block builders will be able to build blocks without accessing private data of user’s transactions.
US SEC Plans to Keep Growing Crypto Unit as Enforcement Ramps Up
The U.S. Securities and Exchange Commission (SEC) may ramp up its recent surge of cases targeting crypto firms by once again boosting the size of its digital assets enforcement squad.
Ethereum Activates ‘Account Abstraction’ Touted by Co-Founder Buterin as Key Advance
The news of the upgrade, via the deployment of ERC-4337 as a smart contract, will be shared at an ETHDenver-related event, known as WalletCon.
Layer 1 Blockchain Protocol Algorand Hires Its First CFO
The new CFO, Matthew Commons, had several years of crypto and TradFi experiences.
Former Accounting Team of FTX US Auditor Armanino Sets Up Shop as The Network Firm
The episode highlights yet another chokepoint for the blockchain industry: It’s become harder for crypto startups to enlist big accounting firms to do audits and asset attestations.
DeFi Trading Platform Aurox Seeking Funding at $75M Valuation
The DeFi-focused software developer firm is seeking to raise up to $1 million in a crowdfunding campaign on tZERO.
Entertainment NFT Firm Orange Comet Raises $7M in Equity Round
he company, which has created digital collectibles for athlete Scottie Pippen and “The Walking Dead”, plans to raise more capital later this year.
Crypto Hedge Fund Arca VP of Portfolio Management Leaves
Hassan Bassiri’s exit comes months after the firm shuttered its Digital Yield Fund, citing market volatility.
Crypto Conglomerate Digital Currency Group Reports Loss of $1.1B in ‘Challenging’ 2022
DCG held cash and cash equivalents of just $262 million at the end of 2022, while investment assets amounted to $670 million.
BNB Chain’s Second-Largest DeFi Protocol Venus to Accept Floki Tokens as Lending Collateral
Lending protocol Venus has a total locked value of $800 billion as of Friday. The move is expected to benefit FLOKI holders, developers say, as they continue to build and seek out strategic partnerships that ultimately benefit the token’s value.
Crypto Wallet Firm Dfns Says ‘Magic Links’ Have Critical Vulnerability
Crypto wallet service provider Dfns is publicly disclosing that some “magic link” passwordless sign-in services are vulnerable to phishing attacks, but affected companies are concerned the company rushed to publish.
Litecoin Foundation Partners With Digital Asset Manager Metalpha to Develop Hedging Products for LTC Miners
The partnership will jointly develop the Litecoin ecosystem to hedge risk and lower carbon emissions.
Alameda-Backed Crypto Trader Folkvang Is Still Standing Despite Big Hit From FTX’s Demise
Speaking on a video call from a high-rise Singapore office building, Folkvang founder Mike van Rossum provided a candid account of the “messy” situation surrounding FTX’s collapse and the aftermath.
Galaxy Digital Closes $44M Acquisition of Self-Custody Platform GK8
The self-custody platform was an asset of bankrupt crypto lender Celsius.
Energy Giant Saudi Aramco Signs Agreement With droppGroup to Build Web3 Tech
Saudi Aramco will explore co-developing blockchain-based technologies that could benefit its workers.
Bitmain Partner BitFuFu Starts Marketplace for Crypto Mining Rig Coupons
The discount coupons issued last year haven’t been used because miners don’t have the cash to spend on new equipment.