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” Aptos Labs raises $150M, more than doubling valuation “ Layer-1 blockchain developer Aptos Labs has closed a $150 million funding round to further its ambitions in the Web3 space, further highlighting venture capital’s appetite for budding crypto-focused startups. The funding round was co-led by venture studios FTX Ventures and Jump Crypto, with additional participation…
“Nancy and Paul Pelosi are trading large — with a wealth of hypocrisy” Democrats have carved out quite a niche for themselves as the party of the have-nots, even if it’s mostly a hypocritical marketing ploy. Bernie Sanders, the socialist, lives a pretty non-socialist life with a town house, a vacation home and all the…
” Crypto Biz: The 3AC saga takes another bizarre twist “ About eight months ago, I vouched pretty strongly for Su Zhu to be included in the prestigious Cointelegraph Top 100. My reasoning was pretty straightforward: Zhu was not only an influential figure on social media, but he ran arguably the most revered hedge fund…
” Crypto firms facing insolvency ‘forgot the basics of risk management’ — Coinbase “ Department heads at Coinbase have weighed in on the market downturn amid solvency concerns surrounding Three Arrows Capital, Celsius Network and Voyager Digital, saying the crypto exchange had “no financing exposure” to these companies. In a Wednesday blog post, head of…
” Singapore’s financial watchdog pushes back against Terra and 3AC associations “ Ravi Menon, the managing director of the Monetary Authority of Singapore, or MAS, said companies often labeled by the media in connection to the recent market volatility as “Singapore-based” were not representative of the country’s approach to crypto regulation. In a speech on…
” Web3 dominates venture capital interest in blockchain industry in Q2 2022 “ Cointelegraph Research brings an analysis of all the deals and trends from venture capital (VC) in the blockchain industry during the second quarter of 2022. When looking at the aggregate total amount invested into the crypto industry in the second quarter, it…
” Crypto Biz: 3AC’s founders are nowhere to be found “ In the world of crypto, there’s no such thing as “too big to fail.” Three Arrows Capital, once the most recognizable hedge fund in the industry, has essentially gone belly-up after its founders believed their own hype and decided to go full-degen mode during…
” VC Roundup: ‘Web5,’ Metaverse sports and Bitcoin monetization startups generate buzz “ A lot has happened in the Bitcoin (BTC) and cryptocurrency markets since our last edition of VC Roundup. The monumental collapse of the Terra ecosystem spilled over into other segments of the digital asset market, exposing over-leveraged traders, lending platforms and venture…
” Crypto Biz: Crypto broker goes bankrupt, Bitcoin miner capitulates and China VC funding soars “ Those of us anxiously awaiting a summer relief rally for Bitcoin (BTC) may have to wait a little while longer. The bear market is still cleansing us of our excess — and revealing the most toxic players in our…
” Crypto Biz: Coinbase downgraded, 3AC deemed insolvent and Michael Saylor buys the dip “ Coinbase has long been considered an important bellwether of the cryptocurrency market. Last year, when the company was expanding its workforce, adding institutional clients and issuing stock, crypto prices were hitting record highs. Now, in the depths of crypto winter,…