Net outflows for Hong Kong’s crypto ETFs reached a record $39 million on Monday with bleeding felt across all six funds.
Metis, Ethereum Layer-2 Network, Creates $100M Fund as Decentralized Sequencer Launch Nears
The distribution of funds is planned for the first quarter of 2024, and supposed to occur a week after Metis’ decentralized sequencer will go live.
Google updates policy to allow ads for US crypto trusts
Google will allow ads for U.S. based-crypto trusts from January, with the change seemingly coming in the same month that spot Bitcoin ETFs are predicted to be approved.
Digital Asset Brokerage Firm Nonco Raises $10M Seed Funding Led by Valor Capital, Hack VC
The firm says it has already seen $6 billion in volume in the Latin American region since its debut in April.
Venture Capital Lightspeed Faction Starts $285M Fund for Blockchain Startups
The new fund will focus mainly on early-stage crypto projects, participating in seed-stage and Series A funding rounds.
Privacy firm Nym launches $300M fund, eyes Web3 wallets, RPCs & infrastructure services
The blockchain security firm will look to support open-source projects building security and privacy tools and services for Web3.
Nym Technologies Attracts $300M in Crypto Fund Commitments for Privacy Infrastructure
The Nym Innovation Fund, with commitments from Polychain, KR1, Huobi Incubator and Eden Block, among others, supports projects aiming to safeguard privacy in the crypto ecosystem.
Bitcoin Magazine Owner Backs First Ordinals Fund, Which Bought $85K Rock
The “Unbroken Chain” fund, as it is known, plans to raise $5 million from its limited partners and will trade in various Ordinals types, including BRC-20 tokens – sometimes positioned as NFTs on Bitcoin.
ARK’s amended spot Bitcoin ETF filing is a ‘good sign’ of future approval
ARK Invest and 21Shares amended spot Bitcoin ETF filing seemingly addresses earlier concerns highlighted by the SEC, which is a good sign of progress, according to Bloomberg’s ETF analysts.
Thailand’s KBank Starts $100m Fund Targeting AI and Web3
Thailand-based Kasikornbank (KBank), one of the major banks in South East Asia, has launched a fund worth $100m targeting AI and Web3 globally.
HashKey Capital’s $100M Digital Asset Fund to Invest Significantly in Altcoins: Reuters
Less than half of the fund’s investments will be in bitcoin (BTC) and ether (ETH), the two largest cryptocurrencies, with the aim of diversifying allocations to smaller cap assets.
Grayscale urges SEC to approve all Bitcoin ETFs simultaneously
Grayscale’s ETF was previously knocked back by the SEC and it wants it and competing ETFs approved together so none have an advantage.
Private Banking Firm With $14B Assets Starts First Crypto Fund of Spain
The fund will be accessible to professional investors only and will be audited by PwC.
Solana Foundation, Polygon Lead $30M Fundraise for Web3 Firm Cosmic Wire
The startup offers metaverse-creation tools and a list of general blockchain infrastructure solutions.
GBTC Discount Narrows After BlackRock’s Filing for Spot Bitcoin ETF
Fund manager Grayscale is currently in a legal standoff with the SEC after the agency denied an application to convert the Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund.
Hacker returns stolen funds to Tender.fi, gets $97K bounty reward
The bounty, which was offered via an on-chain message was approximately $97,000 or approximately 6% of the exploit amount.
Gate.io to enter Hong Kong following city’s $6.4M budget allocation to Web3
Gate’s founder called Hong Kong a “hub,” meanwhile, the city’s financial secretary said the region “must keep up” with the “huge potential” of Web3.
Abu Dhabi-based Venom Foundation launches $1B fund for Web3 and blockchain
Venom Ventures Fund is allocating $1 billion to invest in Web3, blockchain and cryptocurrency projects and services.
GBTC ‘elevator to hell’ sees Bitcoin spot price approach 100% premium
Bad times for the Grayscale Bitcoin Trust (GBTC) get even worse this week as its discount to BTC/USD approaches 50% for the first time.
Getting funds out of FTX could take years or even decades: Lawyers
The complexities that come with digital assets, cross-border insolvency and competing jurisdictions could add years to the timeline.