a16z Crypto, OpenSea and Stand with Crypto launch creator defense fund
a16z, OpenSea and Stand With Crypto have launched a $6 million creator defense fund. OpenSea has pledged $5 million and a16z $1 million. The fund will support the NFT market,…
Xapo Bank partners with Hilbert Group to launch $200m Bitcoin hedge fund
Xapo Bank and Hilbert Group will launch a Bitcoin-denominated hedge fund. The BTC fund will receive an initial investment of $200 million from Xapo and other investors. Xapo Bank is…
Grayscale launches investment fund for AVAX Token, fueling market surge
Grayscale launches Avalanche Trust, offering exclusive AVAX exposure for investors. AVAX price surged to $25.16, with a nearly 9% increase in Avalanche Open Interest. The new fund enhances Grayscale’s portfolio,…
South Korea’s national pension fund buys $34M of MicroStrategy shares
The National Pension Service, South Korea’s national pension fund, has reported purchases of nearly $34 million in MicroStrategy shares. NPS is South Korea’s largest public pension fund and the third-largest…
Europe’s fourth largest hedge fund discloses $500m in spot Bitcoin ETFs
Capula Management, Europe’s fourth largest hedge fund, has disclosed it holds nearly $500 million in spot Bitcoin ETFs. The spot ETF market continues to see increased demand despite Bitcoin’s price…
Michigan pension fund discloses $6.6 million in Bitcoin ETFs
The State of Michigan Retirement System holds $6.6 million in 21Shares’ ARKB ETF. Michigan pension fund’s disclosure adds to growing number of US state pension funds buying spot Bitcoin ETFs.…
Jersey City mayor to invest pension fund in Bitcoin ETFs
Jersey City Mayor Steven Fulop plans to invest pension funds in Bitcoin ETFs. Fulop likens the investment to Wisconsin Pension Fund’s 2% crypto allocation. SEC-approved Bitcoin ETFs see minimal adoption…
Grayscale launches Grayscale Decentralized AI Fund
Grayscale announced the launch of the Grayscale Decentralized AI Fund LLC on Wednesday, July 17. The fund will initially have Near Protocol (NEAR), Filecoin (FIL), Bittensor (TAO), Livepeer (LPT) and…
Blackrock’s BUIDL Fund Surpasses $500 Million
Blackrock’s tokenised US TReasury fund, BUIDL, surpassed a market value of $500 million. The overall market of tokenized US Treasury products has risen to $1.8 billion, signalling growth in the…
Bitget Wallet Unveils Bitget Onchain Layer, Rolls Out $10M BWB Ecosystem Fund
Victoria, Seychelles, May 15th, 2024, Chainwire Bitget Wallet, a leading non-custodial wallet and decentralized ecosystem platform, has announced the launch of its latest product blueprint, the Bitget Onchain Layer, to…