Author: Coindesk
Some sectors of the crypto ecosystem saw more interest than others. Crypto exchanges, lending, investing and trading platforms raised 18% of VC capital, over $460 million. Layer 1 projects came in next, at roughly $440 million, then Web3/Metaverse projects, at about $360 million, then infrastructure projects at $340 million. Meanwhile, projects combining crypto and artificial intelligence (AI) took in about $270 million – five times more than in the previous quarter, Galaxy said. Read the full article here
Almost 2,900 investors bought the token despite the site suffering numerous outages during its first hour, with over 344 million of the platform’s WLFI tokens sold to around 3,000 unique wallets in that period, as CoinDesk first reported. The project has since gained another 6,000 unique holders, Etherscan data shows. Read the full article here
Harris, hailing from the state of California, has long enjoyed support from major names in the technology industry including former Meta Chief Operating Officer Sheryl Sandberg, Netflix co-founder Reed Hastings and billionaire entrepreneur Mark Cuban, while Trump has secured backing from a number of tech and venture capital leaders such as David Sacks, Elon Musk and Marc Andreessen (though, notably, his business partner at Andreessen Horowitz, Ben Horowitz, recently donated to Harris, after previously endorsing Trump). Read the full article here
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one. Read the full article…
A closer look at the ETH/BTC ratio from its cycle bottom in June 2022 shows a continuing series of weaker lows. In previous cycles, such as the 2016-2019 and 2019-2022 periods, the ETH/BTC ratio was at least 200% higher from the cycle low at this point. However, the current ratio is 25% beneath its June 2022 cycle low, highlighting ether’s underperformance against bitcoin. Read the full article here
Bitcoin rose above $68,000, extending the weekly gain to over 8%. BTC has gained nearly 4% in the last 24 hours, comfortably outperforming the wider digital asset market, which is around 1.4% higher, as measured by the CoinDesk 20 Index.The cryptocurrency teased a move above $68,000 during the U.S. morning on Tuesday before falling as low as $64,800 only an hour later. Spot bitcoin ETFs recorded inflows of $371 million on Tuesday, making it three days in a row that they have registered over $250 million of gains, the first time such instance since July 16, according to SoSoValue. Read…
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one. Read the full article…
“The upside convexity on a Trump win is worth being long, and we are seeing market participants building positions in the lead-up. In the absence of an escalating crisis, we see BTCUSD at 70,000 in the coming weeks, continuing off current downside support, with equities breaking further highs,” crypto liquidity provider Zerocap’s Chief Investment Officer Jonathan de Wet said in an email. Read the full article here
“The interest in the ecosystem suggests that in two or three years time there will be more people in suits at such events, executives from the likes of BlackRock, Goldman Sachs and JP Morgan, resulting in the institutionalization of the space,” he said. McHugh has previously held roles at Goldman Sachs, Citibank, Fidelity Investments and Citadel. Read the full article here
While some of Musk’s companies – including Tesla and SpaceX – hold bitcoin on their balance sheets, it is unclear how much the X (formerly Twitter) owner believes in the cryptocurrency himself. In an interview broadcast on YouTube in July, Musk said that he thinks “there’s some merit in bitcoin, and maybe some other crypto,” but that his soft spot was for dogecoin (DOGE). Read the full article here