Galaxy Digital reports $112M Q1 loss, citing crypto price volatility
Bitcoin and altcoins declined sharply in the first quarter in a selloff that was partly triggered by a shift in central bank policy. Go to Source Powered by WPeMatico
Digital Asset Management
Auto Added by WPeMatico
Sushi and Synthetix get the boot in Grayscale DeFi fund rebalancing
Crypto asset management firm Grayscale has added three new crypto assets to its funds and has kicked SushiSwap and Synthetix from its DeFi Fund following its first quarterly rebalance. Go to Source Powered by WPeMatico
Trader builds Bitcoin ‘buy the dip’ bot, outperforms DCA
A Redditor has created an automated dip-buying bot that beats dollar-cost averaging into Bitcoin by roughly 10%. Go to Source Powered by WPeMatico
Valkyrie’s latest ETF offering has exposure to Bitcoin
The filing specifies that Valkyrie’s ETF may invest up to 10% of its net assets in securities of Bitcoin mining firms, as well as up to 5% in the securities of pooled investment vehicles in the U.S. that hold BTC. Go to Source Powered by WPeMatico
Dan Tapiero’s 10T will launch $500M fund for late-stage crypto firms
With the addition of the new fund, 10T Holdings’ assets under management would likely exceed $1 billion. Go to Source Powered by WPeMatico
Bitcoin AUM falls 9.5% to record largest monthly pullback since July
The Bitcoin AUM market fell 9.5% to $48.7 billion in November while altcoin-based crypto funds such as Ether saw their AUM rise 5.4% to $16.6 billion. Go to Source Powered by WPeMatico
Major job postings from the crypto space in 2021
Some institutional players, online retailers, and media organizations have called for recruits with experience in crypto or blockchain. Go to Source Powered by WPeMatico
Celsius becomes first CeFi or DeFi platform to cross $20B AUM
In March, research from Alpha Sigma Capital suggested that the platform would reach $30 billion in assets under management by the end of 2025. Go to Source Powered by WPeMatico
IMF intends to ‘ramp up’ digital currency monitoring
The fund will greatly expand to cover all aspects of digital currency while also working with related financial institutions. Go to Source Powered by WPeMatico
$157B Victory Capital plans to enter crypto market
The firm aims to let U.S. investors get exposure to crypto through a private fund tracking the Nasdaq Crypto Index. Go to Source Powered by WPeMatico
