Dragonfly Capital Raises $650M for Third Crypto Fund
Dragonfly Capital has closed its third fund with $650 million in capital, pushing the firm’s assets under management to around $3 billion, a company...
Metaverse Firm Infinite Reality to Buy Esports Company ReKT for $470M in Stock
Metaverse company Infinite Reality has agreed to purchase esports giant ReKT Global for $470 million in an all-stock deal, bolstering Infinite’s plan to expand its...
First Mover Americas: Bitcoin Downtrend Intact, Recession Fears May Weigh
Good morning, and welcome to First Mover, our daily newsletter putting the latest moves in crypto markets in context. Sign up here to get it in your...
The Future of Fashion: Physical Backed Tokens
On November 5, 2022, the world witnessed history in the making as Physical Backed Tokens (PBT) made their debut on the runway at the...
Ultiverse to Expand Metaverse Offerings in BNB Chain Ecosystem With $4.5M Raise
Metaverse project Ultiverse has raised $4.5 million at a $50 million valuation in a seed round co-led by Binance Labs and Singapore’s DeFiance Capital.
...
Crypto Lender Hodlnaut Faces Singapore Police ‘Actions’ and Staggering Job Cuts
Singaporean crypto lender Hodlnaut disclosed massive layoffs and pending “police proceedings” in a Friday blog post that underscored the dire financial and legal straits faced by...
Taiwan’s MaiCoin Crypto Exchange Weighs Nasdaq Listing: Report
MaiCoin, a crypto exchange based in Taipei, is considering selling shares on Nasdaq within two years, Bloomberg reported, citing people with knowledge of the matter....
InterledgerSwap – Decentralized Crypto-to-Crypto Swap Platform
InterledgerSwap.com is a decentralized crypto-to-crypto swap platform, with an XLS token to back its utility and liquidity. InterledgerSwap strives to make cross-border payments more...
Binance Settlements Could End Death-Spiral Fears – And Might Be Good News
Binance's expensive deal with U.S. prosecutors this week bears harsh consequences but could leave the world's largest crypto exchange with a brighter outlook going forward.
After a...
Multicoin Capital’s Hedge Fund Lost 91.4% Last Year, Investor Letter Reveals
Multicoin Capital’s hedge fund lost 91.4% in 2022, according to a copy of the firm’s annual investor letter viewed by CoinDesk.
The letter attributed last...
