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
Funding
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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
How blockchain is transforming fundraising for startups and entrepreneurs
Investors and entrepreneurs can create and execute investment agreements directly on the blockchain. Go to Source Powered by WPeMatico
FTX splurged on cartoon, book about humans and ‘Pineapple House,’ alleges CEO
Thousands in grants were given out by former FTX executives for niche projects, according to a report by FTX restructuring chief John Ray. Go to Source Powered by WPeMatico
Hong Kong says Cyberport attracted 150 Web3 firms in a year
The country’s Financial Secretary says state funding and support have helped draw Web3 innovators to the digital hub. Go to Source Powered by WPeMatico
Is the cryptocurrency market about to break its 10-week losing streak?
Regulatory uncertainty and the lack of transparency on stablecoins caused crypto markets to trade at its lowest levels in 3 months. Go to Source Powered by WPeMatico