Chainlink leads the market with 61% weekly gain — What’s driving LINK price?
LINK price pulled off a shocking double-digit rally over the past week, but exactly what is behind the move? Go to Source
Funding
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Binance tight-lipped on projects funded by $1B crypto recovery fund
Binance-initiated IRI fund has only spent some 2.7% of the total of $1.1 billion committed to saving crypto in the aftermath of the FTX collapse, and has still not explained which entities benefited. Go to Source
Hong Kong crypto VC opens $100M fund for Asian blockchain startups
The crypto fund, named Titan Fund, has already made five investments in different blockchain startups with two going toward Hong Kong-based projects. Go to Source
Industry leaders and policymakers weigh in on a potential US gov’t shutdown
A U.S. government shutdown was not inevitable, but even if one were to last for a matter of hours or days, lawmakers’ priorities on their return may not be digital assets. Go to Source
Bitcoin futures open interest jumps by $1B: Manipulation or hedge?
Bitcoin spiking above $27,200 amid a big jump in open interest has some analysts asking whether BTC price is being manipulated. Go to Source
Blockchain Capital closes funds totaling $580M for investments in crypto gaming, DeFi
The funds include $380 million for early-stage investments and a $200 million dollar “opportunity fund.” Go to Source
Nvidia AI partner Databricks raises $500M to achieve $43B valuation
Capital One also joined the investment round, despite being the top client of rival cloud platform Snowflake. Go to Source
Venture capital exec says ‘lack of innovation’ drives funding away from crypto
Foresight Ventures partner Tony Cheng said that most of the narratives like layer-2 solutions, zero-knowledge tech and nonfungible tokens have already “played out.” Go to Source
BitGo raises $100M after losing lawsuit against Galaxy
BitGo’s Series C funding featured entirely new investors based in the United States and Asia, CEO Mike Belshe said. Go to Source
Kraken Ventures to raise $100M in second fund with focus on ‘early stage founders’
The organization will also reserve a “significant portion” of the fund for follow-on investments and long-term entrepreneurial support. Go to Source
