Crypto News
Crypto Investment Firm Dao5 Raises $222M Fund to Back Institutional Blockchain Adoption
Crypto investment firm dao5 raised a $222 million fund to invest in blockchain projects targeting institutional and government adoption. The fund brings the firm’s total assets under management to $550 million.Founded in 2022 by Tekin Salimi, a former partner at Polychain Capital, dao5 made early bets on projects including Story Protocol, Bittensor, Berachain and EigenLayer. The firm’s first fund, launched during the final days of the last bull market three years ago, was fully deployed and has already returned “the vast majority of commitments to its limited partners,” according to a press release shared with CoinDesk.“Crypto is entering its adolescence phase. The industry’s dependency on pure speculation as the driver of growth is no longer as effective as it once...
Sui Price Pops 9% as 21Shares Seeks SEC Approval for ETF
Unlike its European counterpart, 21Shares’ Sui ETF would not offer staking rewards in the U.S.Source link
Terengganu Police Dismantle Bitcoin Mining Syndicate in Electricity Theft Crackdown
Terengganu police and Tenaga Nasional Berhad (TNB) dismantled a syndicate accused of stealing electricity to power illegal bitcoin mining operations in Hulu Terengganu and Marang districts on Tuesday, seizing 45 machines worth RM225,000. Police, TNB Raid Illegal Bitcoin Mining Operations in Hulu Terengganu, Marang The joint operation, codenamed Op Letrik, targeted two premises—one in BukitSource link
Crypto for Advisors: Global Elections and Crypto
Trump’s election campaign focused on crypto, and already in his first 100 days in office, we’ve seen progress in support of the crypto industry. Canada held an election on Monday — can we expect the same focus on crypto in other regions?In today’s Crypto for Advisors, Morva Rohani from the Canadian Web3 Council explains what this political shift means for advisors and why it’s important to align crypto with financial system upgrades.Then, Vincent Kadar from Polymath answers questions about global trends in Ask an Expert.– Sarah MortonUnknown block type "divider", specify a component for it in the `components.types` optionCanada’s Election — Crypto Must Align With Financial Modernization Canadians have voted. While digital assets are not a priority in the new...
‘MapleStory N’ Avalanche Crypto Game Launching This Month
The first Web3 edition of the long-running MapleStory role-playing game franchise is set to launch on Avalanche on May 15.Source link