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Grayscale Launches XRP Trust — Cites Potential to Transform Legacy Financial Systems

Grayscale Launches XRP Trust — Cites Potential to Transform Legacy Financial SystemsGrayscale Investments has created a new trust for XRP, allowing accredited investors to gain exposure to the cryptocurrency known for facilitating cross-border transactions. The Grayscale XRP Trust functions like other single-asset crypto investment vehicles, holding only XRP. Grayscale’s head of product highlighted the potential of XRP to transform financial infrastructure. Grayscale Launches XRP Trust for […]

Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes

Report: Pantera Capital Eyes Fresh Funds for New TON Token Investment

Report: Pantera Capital Eyes Fresh Funds for New TON Token InvestmentPantera Capital, an American investment firm, is reportedly preparing to raise funds for a new investment in toncoin (TON). This news follows Pantera’s earlier significant investment in TON, marking one of its largest investments to date. Pantera Capital Plans New Investment in TON Blockchain This week, theblock.co journalist Yogita Khatri revealed that Pantera is soliciting […]

Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes

Franklin Templeton Enables USDC Conversions on Benji Investments Platform

Franklin Templeton Enables USDC Conversions on Benji Investments PlatformFranklin Templeton has announced that users of its Benji Investments platform can now convert USDC stablecoin to U.S. dollars to fund their investment in the Franklin Onchain U.S. Government Money Fund. This development allows institutional wallets to purchase shares represented by BENJI tokens. USDC Conversions Now Available for Franklin Templeton’s Onchain Fund on Benji Global […]

Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes

Investment Fund Focused on Crypto Mining to Be Created in Russia

Investment Fund Focused on Crypto Mining to Be Created in RussiaThe establishment of Russia’s first mutual investment fund dedicated to financing cryptocurrency mining operations is underway. According to a report by the Russian press, it will be available to qualified investors and will finance the acquisition of coin minting equipment. Russian Crypto Mining Sector to Attract Shareholders Through Investment Fund Work has begun to set […]

Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes

Felix Capital Raises $600 Million to Grow Web3 Exposure

Felix Capital Raises 0 Million to Grow Web3 ExposureFelix Capital, a London-based VC company, has raised $600 million in its fourth fundraising round, this being its biggest yet. The company, which has been investing in commerce and money-tooling startups, is planning to use part of the funds raised to increase its Web3 exposure as part of its new business strategy. Felix Capital Includes […]

Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes

Binance Launches Massive $500,000,000 Investment Fund To Boost Crypto and Blockchain Adoption

Binance Launches Massive 0,000,000 Investment Fund To Boost Crypto and Blockchain Adoption

The world’s largest crypto exchange by volume is launching a new $500 million investment fund in order to boost the adoption of crypto assets and blockchain technology. According to a company blog post, the fund aims to invest in projects that expand the use cases of digital assets as well as further the adoption and […]

The post Binance Launches Massive $500,000,000 Investment Fund To Boost Crypto and Blockchain Adoption appeared first on The Daily Hodl.

Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes

Polygon, Reddit Co-Founder’s VC Firm Launch $200 Million Social Media Web3 Fund

Polygon, Reddit Co-Founder’s VC Firm Launch 0 Million Social Media Web3 FundThe team behind Polygon, the protocol dedicated to interconnected blockchain networks like Ethereum, and Alexis Ohanian’s Seven Seven Six venture capital company have revealed a $200 million investment fund in blockchain-based social media projects. According to the announcement, the partner’s mission is to attempt to bridge blockchain, Web3 technology, and social media together. Polygon and […]

Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes

Galaxy Digital Plans to Raise $500 Million in Debt Market to ‘Accelerate Growth Initiatives’

Galaxy Digital Plans to Raise 0 Million in Debt Market to ‘Accelerate Growth Initiatives’Galaxy Digital Holdings Ltd. has revealed the firm is looking to raise $500 million in an exchangeable senior note offering. The investment company, founded by billionaire investor Mike Novogratz in January 2018, aims to use the funds to “accelerate growth initiatives across its business lines.” Galaxy Reveals Exchangeable Senior Note Offering The investment firm Galaxy […]

Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes