VC Firm Hypersphere Reveals $130 Million Atlas Liquid Fund

Venture capital firm Hypersphere has announced the launch of its new liquid fund, Atlas, managing over $130 million in assets. Atlas aims to capitalize on the inefficiencies in the young crypto markets through a diverse range of trading strategies. Hypersphere’s New Atlas Fund Aims to Target Optimized Crypto Returns The Atlas fund, which began quietly […] Source CryptoX Portal

Crypto Exchange BitMEX Pleads Guilty to Violating the Bank Secrecy Act From 2015 to 2020

“As BitMEX’s founders and long-time employee admitted in federal court in 2022, the company, one of the leading cryptocurrency derivatives platforms in the world from 2015 to 2020, operated in the United States without any meaningful anti-money laundering program, as required by federal law,” said U.S. Attorney Damian Williams in a DOJ press release. “As a result, BitMEX opened itself up as a vehicle for large-scale money laundering and sanctions evasion schemes, posing a serious threat to the integrity of the financial system. Today’s guilty plea indicates again the need…

Bitwise CIO Predicts Bitcoin Surge to $100,000 Despite Current Price Dip

Bitcoin could reach $100,000 by the end of the year, according to Bitwise’s Chief Investment Officer Matt Hougan. Despite bitcoin currently trading under $60,000 at $57,800, Hougan sees significant potential for long-term investors. Market Pullback a Gift for Investors, Claims Bitwise CIO Bitcoin’s recent market pullback presents a unique opportunity for long-term investors, says Matt […] Original

Satoshi Protocol Secures $2 Million Seed Funding to Build Universal Stablecoin for Bitcoin

PRESS RELEASE. Satoshi Protocol, a pioneering project building a “universal” stablecoin designed specifically for the Bitcoin ecosystem, successfully closed a $2 million seed funding round in May 2024. Led by CMS Holdings and RockTree Capital, the round signifies strong investor confidence in Satoshi Protocol’s vision of unlocking Bitcoin’s full potential. This funding round also saw […] Original

Ethereum Whale Sparks Sell-Off Rumors With 11,215 ETH Coinbase Deposit

An Ethereum whale has caused panic among community members following a recent transaction suggesting they might be looking to offload their holdings. This comes amid a recent prediction by research firm Matrixport that Ethereum’s price could significantly rebound from its current price level.  Ethereum Whales Transfers 11,215 ETH Onchain data shows that the Ethereum whale transferred 11,215 ETH ($34.3 million) to the crypto exchange Coinbase. A trader usually makes such a move when selling these tokens, and considering the amount of tokens involved, such a sale could significantly impact ETH’s…

Cryptoquant Report: Bitcoin Whales Buy Aggressively as Price Hits 4-Month Low

Bitcoin’s recent price dip to a four-month low has triggered significant losses for new and large investors. This development, combined with mixed market signals, suggests the leading crypto asset is at a critical juncture, according to the latest Cryptoquant report. Market Signals Mixed as Bitcoin Hits $53K: Whales and Miners Influence Future Bitcoin’s recent price […] Source CryptoX Portal

70-80% of cryptos are non-securities

CFTC chairman Rostin Behnam has called for increased funding and regulatory authority to oversee cryptocurrency spot markets as lawmakers move closer to comprehensive legislation. Speaking before the Senate Agriculture Committee hearing on Digital Commodities oversight, Behnam stated that his agency is well-positioned to serve as the primary crypto watchdog.  Citing an Illinois court verdict that classified Bitcoin (BTC) and Ethereum (ETH) as digital commodities, Behnam said the CFTC has the “expertise and capacity” to lead a regulatory regime. Behman told attendees that the commission requires additional tools and resources to…

Bragging Rights Are Key to Retaining Web3 Gamers

In the fine lines of the social layer, there is one aspect that keeps gamers hooked, and that is the bragging rights that they have achieved in their gaming journey. Think of Xbox Live, online games, and eSports, where players are able to compete with one another, grow in their rank/levels, gain recognition medals, and unlock achievements. Source