I’m not going to add to the criticism here, satisfying as that may be. Instead, I’m going to try to defend her statements. To be clear, I deeply disagree with most of them – but I also believe that better understanding opposing views makes us stronger advocates for crypto’s potential. Plus, it brings down the irritation level, which is good for overall well-being. And it’s a fun mental exercise. Source
Part of my responsibility at CoinFund is to help our firm and our portfolio companies hire amazing, talented people. In the past year, I’ve noticed a trend that candidates “must know and be obsessed with crypto,” and if they haven’t “fallen down the crypto rabbit hole” (a phrase I’ll happily never hear again if I can help it), they’re just “not a fit.” We must be careful here, as this type of quick sorting will mean many high-potential female candidates, who are not yet in the industry, will continue to…
Called Galaxy Ventures Fund I, LP, the fund aims to invest in as many as 30 startups over the next three years, with checks starting at $1 million. It will target financial applications, software infrastructure and protocols building in crypto, the email said. Source
On Tuesday, Proshares introduced two new offerings: the Ultra Bitcoin exchange-traded fund, sporting the ticker BITU, and the Ultrashort Bitcoin exchange-traded fund (ETF), known as SBIT. While BITU is designed to deliver two times the daily returns of bitcoin, SBIT is structured to produce double the inverse of bitcoin’s daily returns. Proshares Introduces Leveraged and […] Original
In fact, on March 27, 2024, Ondo Finance completed a $95 million reallocation of its own tokenized short-term bond fund to BUIDL. As fiduciaries onboard with Securitize for the desired access to BUIDL, they’ll move significant capital into the fund and therefore into the Securitize ecosystem. As a result, surrounding alternative investment products and listings on Securitize Markets’ primary and secondary trading venues are likely to see a bump in capital flows and activity. This in turn will set precedent for other broker-dealers, alternative trading systems, and comparable regulated venues…
Instead of asking themselves, “Did I miss my chance?” potential digital asset investors should ask, “Do I believe in the transformative nature of blockchain technology?” Investing in digital assets should represent a belief in the far-reaching value proposition of blockchain technology, ranging from the variety of industries that comprise the macroeconomy to the transactions that encompass everyday markets and human experience. A thoughtful multi-asset approach to portfolio construction and ongoing management is crucial to ensuring crypto investors capture the full value proposition of blockchain innovation. Source
A crypto analyst has identified a key technical indicator in the Shiba Inu price chart that suggests that the cryptocurrency is set to witness a major price rally to new highs. Asymmetrical Triangle Signaling SHIB Price Surge Appears A crypto analyst identified as Captain Faibik on X (formerly Twitter) has unveiled a distinctive technical pattern in Shiba Inu’s price chart. Sharing a 6-hour chart of Shiba Inu’s native token, SHIB against Tether (USDT), the analyst revealed an asymmetrical triangle pattern, which indicated that the cryptocurrency may enter a bullish trend…
According to ARK Invest CEO Cathie Wood, Bitcoin’s remarkable 130% rally in the past year can be derived from the global devaluation of national currencies. “There are currency devaluations taking place that people are not talking about,” Wood remarked in an interview with CNBC, highlighting significant drops in the value of currencies like the Nigerian naira and the Egyptian pound, among others. Wood added that during these volatile financial times, Bitcoin (BTC) has emerged as a digital asset and a potential safeguard against economic instability. The ARK Invest CEO described…
“It used to be like no debates around the fact that that’s not your keys, not your coins. I’m seeing erosion in that term,” Raw said. “If you ask people today, what ‘Uncle Jim’ means, it’s the guy who custodies bitcoin on behalf of the family unit. You see the difference between those two things?” Source
Spot Bitcoin ETFs have drawn in over $12 billion in cumulative net inflows within three months of trading, while Grayscale GBTC liquidations continue. SoSoValue data tracking spot Bitcoin (BTC) ETF activity showed over $39.4 million daily net inflows. Wall Street stalwart BlackRock recorded the largest influx among nine new funds, as traders parked $150 million into the firm’s iShares Bitcoin ETF (IBIT). BlackRock commands nearly $17 billion in assets under management (AUM). The issuer’s closest competitor, excluding Grayscale, boasts $7.6 billion in AUM held by fellow tradfi juggernaut Fidelity. Although…