Quantitative fund Kbit believes that greater returns lie within the digital asset space itself, as hedge funds turn to traditional strategies like the basis trade to capitalize on the recent surge of crypto ETFs. “The larger opportunities, higher return opportunities are in the crypto native markets,” said Ed Tolson, founder and CEO of Kbit, during ... Read more

Amid losses in major cryptocurrencies due to the tech-led decline in US equity markets, a steepening US yield curve, and unexpected rate cuts in China, investors are seeking the best cryptocurrencies to buy now to capitalize on the current market turbulence. Bitcoin (BTC) recently traded just below $65,000, down around 1% for the session. The ... Read more

Galaxy Asset Management has successfully raised $113 million for a cutting-edge crypto venture fund to inject fresh capital into cryptocurrency startups. Spearheaded by billionaire Michael Novogratz, the fund is set to focus on nurturing early-stage crypto ventures specializing in cryptocurrency software, infrastructure, and financial applications, according to a report from Bloomberg. The fund, dubbed Galaxy ... Read more

Bitcoin Holders Can Now Secure EU Citizenship via New Investment Fund Bitcoin holders now have a pathway to European Union citizenship through a new investment fund linked to Portugal’s Golden Visa program. Investment Fund Enables Bitcoin Holders to Obtain Portuguese Golden Visa A new investment fund provides Bitcoin investors an opportunity to gain EU citizenship ... Read more

Ferrari is set to extend its cryptocurrency payment options for luxury sports cars to its European dealership network by the end of this month. The Italian automaker announced on Wednesday that it aims to offer this payment method to additional international dealerships by the end of 2024 in countries where cryptocurrencies are legally accepted. This ... Read more

A coalition of seven U.S. states has come together to challenge the Securities and Exchange Commission’s (SEC) regulation of cryptocurrency. Led by Iowa Attorney General Brenna Bird, the states have filed an amicus brief arguing that the SEC’s attempt to regulate cryptocurrencies constitutes a “power grab” that would stifle innovation, harm the crypto industry, and ... Read more

In the first half of 2024, Tornado Cash, a prominent crypto mixing protocol, has seen a significant resurgence, with deposits exceeding $1.8 billion. This marks a 45% increase compared to the total deposits throughout 2023, as reported by blockchain analytics firm Flipside Crypto. Surge in Activity Amidst Sanctions Tornado Cash's activity had significantly declined following ... Read more

BlockFi, the bankrupt crypto lending platform, is set to initiate its first temporary distribution of crypto assets through Coinbase starting in July. Eligible account holders will receive email notifications about the distribution, which will occur in batches over the coming months. However, due to regulatory constraints, non-US customers will not receive any funds. BlockFi Partners ... Read more

In a groundbreaking move, renowned New York City music venue Le Poisson Rouge (LPR) has partnered with live event ticketing platform KYD Labs to implement an exclusive, multi-year ticketing system powered entirely by the Layer 1 Aptos blockchain. This collaboration marks the first instance of a major U.S. venue transitioning its ticketing operations completely on-chain. ... Read more