VanEck to launch Avalanche ecosystem fund

VanEck to launch Avalanche ecosystem fund

Idle capital will be deployed onchain into real-world asset (RWA) projects, the asset manager said. VanEck plans to launch a private digital assets fund in June targeting tokenized Web3 projects built on the Avalanche blockchain network, the asset manager said in a statement shared with Cointelegraph. The VanEck PurposeBuilt Fund, available only to accredited investors,…

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Theta Capital raises 5M to back early-stage blockchain startups

Theta Capital raises $175M to back early-stage blockchain startups

Theta Capital Management has raised $175 million for a fund-of-funds targeting early-stage blockchain startups through top-tier crypto VC firms. Amsterdam-based Theta Capital Management has raised over $175 million for its latest fund-of-funds, aimed at supporting early-stage blockchain startups through specialized venture capital (VC) firms. The new vehicle, Theta Blockchain Ventures IV, will channel capital into…

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Metaplanet scoops 1,004 Bitcoin in 2nd-biggest buy ever

Metaplanet scoops 1,004 Bitcoin in 2nd-biggest buy ever

Japanese investment firm Metaplanet now holds 7,800 Bitcoin, worth more than $800 million, after it made its second-largest single Bitcoin purchase. Japanese investment firm Metaplanet has made its second-largest single Bitcoin purchase ever, scooping up more than 1,000 Bitcoin as the cryptocurrency came within 3% of its all-time high. Metaplanet said on May 19 that…

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Everstake defends non-custodial staking as SEC weighs industry input

Everstake defends non-custodial staking as SEC weighs industry input

Everstake met with the SEC’s Crypto Task Force to argue that non-custodial staking is a technical process, not a securities transaction. The US Securities and Exchange Commission (SEC) has held discussions with Everstake, one of the largest non-custodial staking providers globally, to explore clearer regulatory definitions around staking in blockchain networks. The meeting, which also…

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