Deutsche Bank Partners With Taurus on Crypto Custody Service
- Germany’s largest bank will use Taurus’ custody and tokenization technology to manage the cryptocurrencies, tokenized assets, and digital assets of its clients.
- Deutsche Bank was one of a few companies to participate in Taurus’ $65 million Series B fundraising round back in February, which was led by Credit Suisse.
September 14, 2023, 2:20 PM
Deutsche Bank headquarters in Beijing, China on April 3, 2019. Shutterstock
Invesco and WisdomTree Join the Race for Spot Bitcoin ETF
- Investment firms Invesco and WisdomTree both followed the example of BlackRock from last week, and filed for their own spot Bitcoin ETFs with the U.S. SEC.
- Although the SEC is yet to approve a single spot Bitcoin ETF product, ETF analysts say there is a good chance BlackRock is the first considering its history with ETFs.
June 21, 2023, 12:44 PM
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Optimism to Unlock $583M Worth of OP, Doubling Token Supply
- The initial vesting period for early investors and contributors of Optimism is about to end on 31 May, an event that will double the circulating supply of OP tokens.
- The event is raising concerns about the future price of the token, considering seed investors Paradigm and IDEO are sitting on a potential profit of more than 10,000%.
May 30, 2023, 10:18 AM
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Temasek Cuts Pay for Staff Responsible for $275M FTX Investment
- The investment team behind Temasek’s $275 million investment into FTX prior to its collapse “took collective accountability” and had their compensation cut.
- While the company was the second largest outside investor in FTX, it was one of the first to write off its entire investment only days after the collapse of the exchange.
May 29, 2023, 11:07 AM
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May 3, 2023
Mysten Labs’ Layer 1 Blockchain Sui Launches on Mainnet
- Sui Network was developed by Mysten Labs, which was founded by ex-Meta employees, using the Rust-based Move programming language.
- Unlike other blockchains that use proof-of-work and proof-of-stake consensus mechanisms, Sui relies on delegated proof-of-stake that allows users to elect and vote for delegates.
Feb 22, 2023
Chaos Labs Raises $20M in Seed Round Co-Led by PayPal and Galaxy Digital
- The new funding will help Chaos Labs build out and expand its suit of risk and security products that can help DeFi protocols.
- The seed funding round was co-led by PayPal and Galaxy Digital, but also saw participation from including Coinbase Ventures, Polygon, Avalanche, OpenSea, Uniswap, and others.
Feb 3, 2023
Binance Acquires Majority Stake in GOPAX, Re-Enters South Korean Market
- Acquiring a majority stake in the GOPAX crypto exchange will allow Binance to re-enter the South Korean market, two years after it left.
- The funds for the acquisition came from Binance’s Industry Recovery Initiative, and will be used to enable customer withdrawals and interest payments on GOPAX.
Jan 25, 2023
Injective Introduces $150M Fund to Boost Interoperability and DeFi
- The newly launched ecosystem fund is backed by Pantera Capital, Kraken Ventures, Jump Crypto, Kucoin Ventures, Delphi Labs, Flow Traders, Gate Labs and IDG Capital.
- Highest priority will be given to interoperability and DeFi projects, but the fund will also support developers that are building trading platforms, scalability solutions, and PoS infrastructure.
Jan 12, 2023
Genesis Reportedly Owes Over $3B to Creditors
- People familiar with the matter have said that Genesis had hired investment bank Moelis to explore its options to cover the shortfall, but there was little capital infusion interest.
- The sources further said that Genesis’ parent company, Digital Currency Group, was now looking to sell a portion of its venture capital portfolio to fill in the shortfall.
Nov 25, 2022
Binance Launches $1B Industry Recovery Initiative With 7 Contributors
- Binance has officially launched its $1 billion industry recovery fund, and said it is ready to set aside another $1 billion in the near future “if the need arises”.
- Jump Crypto, Polygon Ventures, Aptos Labs, Animoca Brands, GSR, Kronos, and Brooker Group have all joined the fund with a combined contribution of $50 million.