Investment
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Upbit Adds MAGIC to BTC Market: Everything You Need to Know
On March 21st, Upbit, the largest trading platform in South Korea, announced that it would add MAGIC to the BTC market, only supporting deposits from the Arbitrum network. It is ex
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Bored Ape Yacht Club (#5647): A Crypto Collectible Investment
According to reports, data shows that Bored Ape Yacht Club # 5647 was closed at a price of 147ETH. BAYC # 5647 closed at 147ETH Analysis based on this information:The digital assets market has been evolving rapidly, and one of the latest entrants is the crypto collectibles. Crypto collectibles are unique digital assets that can be bought, sold, or traded, just like traditional collectibles. The Bored Ape Yacht Club (#5647) is one such crypto collectible that has gained immense popularity in recent months. According to reports, the Bored Ape Yacht Club (#5647) was closed at a price of 147ETH, which is equivalent to approximately $400,000, based on the current conversion rate. This transaction is a testament to the growing popularity of crypto collectibles and the huge demand from investors looking for alternative investment opportunities. The Bored Ape Yacht Club (#5647) is a part of a larger series of 10,000 unique digital apes, each with its distinct look and personality traits….
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Premier League Football Star Reportedly Loses 1 Million Pounds in Cryptocurrency Scam
According to reports, Premier League football star Gustavo Scarpa lost nearly 1 million pounds, or about 1.2 million dollars, due to his investment in the cryptocurrency platform X
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Understanding Binance Liquid Swap and Its New Liquidity Pools
According to reports, Coin Safe officially announced that Binance Liquid Swap has opened four new liquidity pools, namely BNB/USDC, BTC/USDC, ETH/USDC, and USDT/USDC. Coin Safe rem
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TTV Capital Announces Successful US $250 Million Fundraising for Early Stage Fintech Investments
On March 20th, TTV Capital announced that its sixth fund had completed a US $250 million fundraising. The fund initially set a funding target of US $150 million, but has now oversu
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EOS Network Ventures Investing $20 Million in EOS EVM and GameFi Projects
On March 20th, Yves La Rose, founder and CEO of EOS Network Foundation, tweeted, “EOS Network Ventures (ENV) has officially committed to investing $20 million directly in EOS EVM and GameFi projects. EOS EVM will be launched on April 14th and will redefine EVM’s potential limitations. With $20 million for EVM projects, we expect a large influx of developers who want to take advantage of these financing opportunities.” EOS Network Ventures promises to invest $20 million in EOS EVM and GameFi projects Analysis based on this information:Yves La Rose, the founder and CEO of EOS Network Foundation, recently announced that his company, EOS Network Ventures (ENV), will invest $20 million in EOS EVM and GameFi projects. The announcement was made via Twitter on March 20th and stated that the investment would be directly committed to financing opportunities for developers. The EOS EVM is set to launch on April 14th and promises to redefine the limitations of the Ethereum Virtual Machine…
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The Impact of Chainlink, BitMEX, BITE, and BlackRock on the Cryptocurrency Market Overnight
21:00-7:00 Key words: Chainlink, BitMEX, BITE, BlackRock Overview of important developments overnight on March 19th Analysis based on this information:Overnight, from 21:00 to 7:00, the cryptocurrency market witnessed several significant events that could have a long-lasting impact in the future. Chainlink, BitMEX, BITE, and BlackRock are four keywords that capture the essence of these events. Chainlink is a decentralized oracle network that connects smart contracts with real-world data. Its importance lies in its capacity to enable smart contracts that rely on external information to execute programmatically without human intervention. At around 22:00, Chainlink announced a new partnership with Ankr, a platform that provides blockchain infrastructure solutions for developers. The partnership aims to integrate Chainlink’s oracle services into Ankr’s infrastructure, which could increase the speed, efficiency, and security of smart contracts built on Ankr’s platform. This announcement had a positive effect on Chainlink’s price, which surged by more than 10%. BitMEX is a popular cryptocurrency derivatives exchange that allows traders to…
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Bandai Namco Entertainment Invests in SuperGaming to Expand in the Asian IP Market
According to reports, Japanese game publisher Bandai Namco Entertainment has used its “Bandai Namco Entertainment 021 Fund” from the Web3 yuan universe fund to invest in the game studio SuperGaming, which cooperates with Google Cloud. Bandai Namco Entertainment stated in a statement that this investment will further expand its business in the Asian IP market. Although the amount of this investment has not been publicly disclosed, the fund’s usual investment scale is between 10 million yen and 500 million yen. The Bandai Namco Entertainment 021 Fund was established in April last year to mainly support startups building an “IP Metauniverse”. In the early stage, it also invested in DeepMotion, an AI driven motion capture and real-time body tracking digital character solution. (samacharcentral) Web3 yuan universe fund investment game studio SuperGaming under Wandai Nangong Dream Analysis based on this information:Japanese game publisher Bandai Namco Entertainment has invested in SuperGaming, a game studio that collaborates with Google Cloud. This investment was made…
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MakerDAO Expands its Investment Portfolio to Diversify DAI’s Assets.
It is reported that, according to official news, MakerDAO’s proposal to raise the investment ceiling of US treasury bond bonds from US $500 million to US $1.25 billion has been passed. This proposal won 77% of the votes. MakerDAO will use USD750 million in PSM to purchase more US treasury bond bonds, thus diversifying the current assets supporting DAI. These bonds mature every two weeks and will be purchased a total of 12 times over a six-month period for $62.5 million each. According to the proposal, the strategy expects a net annualized yield of 4.6% to 4.5% after deducting custody and expected transaction costs. MakerDAO has approved the proposal to raise the investment ceiling of US treasury bond bonds to US $1.25 billion Analysis based on this information:MakerDAO, a decentralized finance (DeFi) protocol, has reportedly passed a proposal to raise the investment ceiling of US treasury bonds from US $500 million to US $1.25 billion. This decision was made after…
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Ripple Invests in Singapore’s Web3 Early Venture Capital Fund
It is reported that Ripple, an enterprise blockchain and encryption solution provider, has announced that it has made a strategic investment in the Singapore Web3 Early Venture Capital Fund Blockchain Founders Fund (BFF), but has not disclosed the specific investment amount. Ripple stated that this investment is part of its efforts to accelerate global adoption of blockchain technology to support high-potential early stage companies focused on Web3 infrastructure and products. (finsmes) Ripple Announces Strategic Investment in Blockchain Founders Fund Analysis based on this information:Ripple, an enterprise blockchain and encryption solution provider, has recently announced that it has invested in the Singapore Web3 Early Venture Capital Fund Blockchain Founders Fund (BFF). While specific investment details were not revealed, Ripple has confirmed that it is part of a strategic investment aimed to boost the global adoption of blockchain technology. Ripple’s involvement in BFF will help support high-potential early-stage companies with their Web3 infrastructure and products. Blockchain technology has made significant strides in…
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GGridex Launches GDX Platform Currency, price surge exceeds $0.875
According to reports, the market shows that the GGridex platform currency GDX was officially launched on March 15, with the price of d5.xyz continuing to break a new high, exceeding $0.875 today. Over 150% increase in 24 hours. GDX’s price broke through $0.875 today and reached a new high, increasing by over 150% in 24 hours Analysis based on this information:The digital currency market witnessed the launch of the GGridex platform currency GDX on March 15th. As per reports, the price of the GDX currency has surged aggressively, breaking all previous records and surpassing $0.875 at present, up by over 150% in just 24 hours. This sudden surge has created waves in the market and has captured the attention of potential investors, making it a viable investment opportunity. GGridex, known for its innovative blockchain solutions, has launched the GDX platform currency to cater to the increasing demand of investors looking for opportunities within the digital token market. The GDX platform…
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Bitcoin Opportunity Fund raises ambitious funding goal
On March 17th, the Bitcoin Opportunity Fund was seeking to raise $100 million. The fund, led by six investors, including managing partners James Lavish and David Foley, will invest in Bitcoin related public and private companies. The team stated that its members invested most of their personal net assets into the fund. (Bloomberg) Bloomberg: Bitcoin Opportunity Fund is seeking to raise $100 million Analysis based on this information:A group of six investors, including managing partners James Lavish and David Foley, have announced the creation of the Bitcoin Opportunity Fund, aiming to raise a substantial $100 million of capital. The focus of the fund will be on investing in Bitcoin-related public and private companies, with the team stating that most of their personal net assets have also been invested into the fund. The Bitcoin Opportunity Fund represents a significant stepping stone in the growth of digital currencies such as Bitcoin, and their increasing prominence in the world of investment. The fund’s…
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Alliance Block and ABO Digital team up to boost cryptocurrency investment
It is reported that Alliance Block, a blockchain infrastructure provider, has announced a partnership with digital investment company ABO Digital to provide low risk and compliant financial support for cryptocurrency projects for institutional and retail investors through tokenization. ABO Digital is the digital asset investment department of the ABO Group, which provides private financing for listed companies and will help negotiate and construct financial instruments based on the capital and liquidity objectives of the project. AllianceBlock collaborates with ABO Digital to develop token structured products Analysis based on this information:Alliance Block, a leading blockchain infrastructure provider, has recently announced its partnership with digital investment firm ABO Digital. The collaboration aims to provide institutional and retail investors with low-risk and compliant financial support for cryptocurrency projects through tokenization. This partnership is a much-needed boost for the cryptocurrency market, which is still struggling to gain wide acceptance among traditional investors due to uncertainties surrounding its regulatory framework. By leveraging Alliance Block’s blockchain…
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Chiliz Invests in MatchWornShirt to Expand its Sports and Entertainment Blockchain Solution
On March 16th, Chiliz, a sports and entertainment blockchain solution, announced that it had made a strategic investment in MatchWornShirt (MWS) and would acquire a 20% stake in it. Chiliz acquires a 20% stake in MatchWornShirt, a souvenir platform Analysis based on this information:Chiliz, a blockchain-based platform that connects fans with sports and entertainment organizations, has announced its strategic investment in MatchWornShirt (MWS). The acquisition of a 20% stake in MWS is part of Chiliz’s efforts to expand its blockchain solution for sports fans and collectors. MWS, a digital platform that authenticates and sells match-worn sports memorabilia, will benefit from Chiliz’s technology and resources. The partnership aims to create a more reliable and accessible marketplace for sports fans and collectors who want to buy or sell authentic and rare sports memorabilia. The strategic investment in MWS aligns with Chiliz’s mission to use blockchain technology to enhance fan engagement in sports and entertainment. Chiliz has already established partnerships with major sports…
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Ark Invest Increases Investments in Block Shares
According to reports, Ark added 122547 Block shares to three funds, with an estimated purchase amount of slightly more than $9 million. According to its latest transaction documents, Cathie Wood’s asset management company added 104480 Block shares to its Ark Innovation ETF, 17162 shares to Ark Next Generation Internet ETF, and 905 shares to Ark Fintech Innovation ETF. Ark Invest increased its shareholding in Block stock by $9 million Analysis based on this information:Ark Invest, the well-known investment firm led by Cathie Wood, has reportedly increased its investments in Block shares by adding 122,547 shares to its ETFs. Based on the latest transaction documents, the firm’s total purchase amount was slightly over $9 million – this indicates that Ark is bullish on the future of Block and wants to expand its holdings in the blockchain technology company. It’s noteworthy that Ark Invest has added Block shares to three of its ETFs, namely Ark Innovation ETF, Ark Next Generation Internet ETF,…
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CEO of Galaxy Digital, Michael Novogratz, Advises Investment in Gold, Silver, and Bitcoin amidst Credit Crunch
According to reports, Michael Novogratz, founder and CEO of Galaxy Digital, said that the United States is facing a credit crunch, and now is the best time to buy gold, silver, and Bitcoin. “In an interview with CNBC, he explained, ‘The United States and the world will face a credit crunch. You should invest in gold and silver… and Bitcoin.’” Founder of Galaxy Digital: Now is the best time to buy gold, silver, and bitcoin Analysis based on this information:Founder and CEO of Galaxy Digital, Michael Novogratz, has advised investors to consider buying gold, silver and Bitcoin, given the looming credit crunch currently being faced by the United States and the world at large. In an interview with CNBC, he stated, “The United States and the world will face a credit crunch. You should invest in gold and silver… and Bitcoin.” A credit crunch can be defined as a sudden reduction in the availability of credit or a sharp increase…
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Capital Cryptowallet Infrastructure Start-Up Secures Investment from Andreessen Horowitz and Others
It is reported that Capital, a cryptowallet infrastructure start-up, completed an unknown amount of financing, with Andreessen Horowitz (through its accelerator Crypto Startup School) and Geometry co-leading the investment, and Diogo Monica and Nathan McCauley, co-founders of Spice Capital and Anchorage, Rene Reinsberg and Marek Olszewski, co-founders of Celo, and Zaki Manian, co-founder of Sommerier Finance, participating in the investment. A16z’s CSS accelerator program usually invests $500000 in participating startups in exchange for 7% equity. (The Block) Cryptowallet infrastructure start-up Capsule completes financing of unknown amount Analysis based on this information:Capital, a blockchain infrastructure start-up that provides a secure and user-friendly solution for managing digital assets, has reportedly raised undisclosed funding. The investment round was led by Andreessen Horowitz, a leading venture capital firm, through its Crypto Startup School accelerator program. Geometry, a Singapore-based investment firm, also participated in the funding round. Co-founders of Spice Capital and Anchorage, Diogo Monica and Nathan McCauley, Celo co-founders Rene Reinsberg and Marek Olszewski,…
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CNHC Group Defaults on Finance Round
According to reports, the stable currency issuer CNHC Group completed a US $10 million A+round of financing. KuCoin Ventures led the investment, with other investors including Circle and IDG Capital. According to CNHC co founder Joy Cham, it is currently issued on the Ethereum and Conflux blockchains, with a total supply of approximately 15 million tokens (worth approximately $2 million). Tether’s CNHT currently has a total supply of approximately 20 million tokens. Stable currency issuer CNHC Group completed a US $10 million A+round financing Analysis based on this information:The news report indicates that the stable currency issuer CNHC Group has successfully concluded a $10 million A+ round of financing. It has emerged that the investment round was led by KuCoin Ventures, with Circle and IDG Capital also participating in the funding. According to Joy Cham, co-founder of CNHC, the stable currency token is currently issued on the Ethereum and Conflux blockchains, with a total supply of around 15 million tokens…
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Cryptocurrency Industry Turns to Asset Management Companies for Investment
It is reported that, according to Bloomberg, after the recent collapse of several cryptocurrency friendly American banks, more and more companies in the digital asset industry are contacting asset management companies such as Fidelity Investment to invest their cash in U.S. treasury bond bonds and other products. Digital asset companies begin to transfer cash to asset management companies such as Fidelity Analysis based on this information:The report by Bloomberg reveals a shift in the investment strategy of companies in the cryptocurrency industry. After the collapse of several cryptocurrency-friendly American banks, many of these companies are seeking investment opportunities in traditional markets such as U.S. treasury bonds and other products. The sudden change in strategy has been attributed to the need for stability and security in an increasingly unpredictable market. With the emergence of digital currencies such as Bitcoin, there has been a corresponding increase in investment opportunities within the cryptocurrency space. However, the industry has been plagued by market volatility,…
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The Circle of Investment: A Look into Goldman Sachs’ Involvement with Lido and Voyager
7:00-12:00 Key words: Lido, OP, Voyager, Circle, Goldman Sachs Summary of important developments at noon on March 15th Analysis based on this information:Goldman Sachs is one of the world’s top investment banks, and it has been the topic of numerous discussions and controversies over the years. The company had recently been involved in two significant investments in Lido and Voyager, and it’s interesting to examine the possible implications of this move. Lido, a German travel tech company, recently raised €1 billion in a funding round led by Goldman Sachs, and it’s worth noting that the bank had invested in Lido before. Lido is a platform that aims to simplify and streamline the booking process for travel accommodations, making it a potentially lucrative investment for the bank. An article in Business Insider noted that Lido plans to use the funding to expand its operations in the European market, which would further solidify the company’s position as a key player in the…