Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Investments news
- Investment management companies Invesco and Galaxy Digital have jointly filed a registration statement for a physically-backed bitcoin (BTC) exchange-traded fund (ETF), while investment advisory firm Amplify filed for a decentralized finance (DeFi) and crypto ETF. The Amplify ETF application would allow the fund to invest in bitcoin futures, Canadian bitcoin funds and companies that hold more than 50% of their net assets in bitcoin, ether (ETH) or another “liquid” cryptocurrency.
- BTC mining company Genesis Digital Assets has announced they have raised USD 431m in a funding round led by investment firm Paradigm. The capital will be used to expand their Bitcoin mining operations, working towards a goal of bringing 1.4 gigawatts online by 2023.
- Dapper Labs, the crypto company behind NBA Top Shot and the Flow blockchain, announced USD 250m in new funding, led by Coatue. The round brings together existing investors a16z, GV (formerly Google Ventures), and Version One Ventures with new investors including BOND and GIC, said the press release. Dapper Labs will use the new capital to continue to scale and support major additional brand-driven sports, entertainment, and music-based products coming online and being developed on the Flow blockchain, they added.
- Blockchain infrastructure platform Blockdaemon has announced they have raised USD 155m in a funding round led by SoftBank Vision Fund 2 that brought the company’s valuation to USD 1.26bn. The capital raised will help the company expand their team presence in Singapore, Japan, the UK, and Germany, as well as make strategic acquisitions and build their tech stack, they said.
- Digital asset management firm Osprey Funds has announced it has launched its fifth investment product of the year called the Osprey Polygon Trust, which invests exclusively into the MATIC coin native to the Polygon network. The Osprey Polygon Trust is currently available to accredited investors for subscription with a USD 10,000 minimum investment. The sponsor intends to pursue listing the fund on the OTCQX market as soon as possible and has also agreed to waive the management fee for all investors until January 2023.
- Orca, a Solana (SOL)-based decentralized crypto exchange (DEX), said it has raised USD 18m in fresh funding led by Polychain, Placeholder, and Three Arrows Capital. Other participants include Jump Capital, Sino Global Capital, Collab & Currency, DeFiance, Zee Prime, Coinbase Ventures, Solana Capital, and a number of angel investors. “These investors will jumpstart our path toward making Orca the go-to swap for the Solana ecosystem,” they said.
- Digital ID startup cheqd has raised USD 2.6m in a funding round backed by investors Outlier Ventures, Evernym, TitanBlock,…
Read more:Over USD 800M New Investments, Crypto.com Enters NBA + More News
