Paradigm will own 3,035 tokens, making it META’s single largest holder at 14.6% of the total supply, according to Proph3t, MetaDAO’s pseudonymous founder. Around 30 angel investors bought an additional 965 META tokens for a total raise of $2,229,950. Source
“While we can’t speak for other crypto lenders, we estimate that Ledn is likely now responsible for more than 50% of the retail loan originations given the fall out of the other lenders, which signifies the growing acknowledgement, trust, and consequent demand for digital assets from retail investors,” CEO Adam Reeds said in an email to CoinDesk. “Overall, we see the surge in retail loans as an indicator of continued evolution and maturity of the crypto sector as a whole, rapidly establishing it as a fully viable alternative to traditional…
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 1 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
This is part of a larger fund that Ripple will allocate to tokenized T-bills provided by OpenEden and other issuers. Source
The fund will be used to develop an accelerator program for projects built on Aptos. Source
It's a Different Sort of Olympics as Cryptographers Face Off in Polyhedra's 'Proof Arena' Source
Tether Investments, the entity established as a separate division from the stablecoin business to manage the company’s growing foray into bitcoin (BTC) mining, artificial intelligence and other investments, has a $6.2 billion net equity value, per the attestation. Source
The specter of potential enforcement actions against NFT projects has “unleashed a chilling effect over NFT artists across the [U.S.],” according to the complaint. The plaintiffs in the case, conceptual artist and law professor Brian Frye, and musical artist Jonathan Mann, also known as “Song a Day Mann,” are each holding back a ready-to-go NFT project until a court grants them protection from the “credible threat” of a future investigation or litigation by the SEC, which their lawyers claim would be which would be “economically devastating to [their] artistic endeavors.”…
Although crypto history is short, with Bitcoin celebrating its 15th birthday this year, we have already experienced three major cycles: 2011-2013, 2015-2017, and 2019-2021. The short cycle time is not surprising given the crypto market trades 24/7, about five times more than the equity market. The 2011-2013 cycle was predominantly about BTC, as ETH launched in 2015. Analyzing the past two cycles reveals patterns that help us understand the anatomy of a crypto bull market. With the market warming up to the U.S. election and improved liquidity outlook, history might…
There is significant opportunity for TradFi firms to drive meaningful revenue by extending new services to existing clients, as well as crypto native/FinTech firms to offer more institutional-focused capabilities. Those that move quickly will reap the benefits. Of survey respondents, 54% of institutional investors and 64% of retail investors plan to increase allocations, representing a significant upside over current money invested. Institutional investors largely seek a multi-custodian model to manage their digital assets, and beyond custody, want services like connectivity to more liquidity providers, the ability to lend/borrow against their…