Funds


Finance

Grayscale Introduces Crypto Funds for Decentralized AI Project Bittensor's TAO and Layer-1 Network Sui's Token

The firm recently launched a decentralized artificial intelligence-focused crypto fund and uplisted its closed-end Ethereum Trust to an ETF last month.

Grayscale ad (Grayscale)

Finance

Hyperion Decimus' Newest Fund to Leverage CoinDesk Indices' Bitcoin and Ether Trend Indicators

Aimed at institutional investors, the fund will seek to profit off uptrends in crypto markets while sidestepping the drawdowns.

(Gabor Koszegi/Unsplash)

Policy

Galaxis Raises $10M, Doubling Down on Belief That NFTs Will Provide Real Value Everywhere

The platform has previously launched NFT collections for celebrities such as DJ Steve Aoki and actor Val Kilmer.

Shubham's Web3

Finance

Galaxy Plans to Raise $100M for Crypto Venture Fund

Galaxy's prolific venture wing plans to start accepting – and investing – outside capital.

Galaxy Digital CEO Mike Novogratz (Danny Nelson/CoinDesk)

Finance

Early Ethereum Backers Cyber.Fund to Invest $100M in 'Cybernetic Economy'

Cyber.Fund, which also backed Cosmos, Solana and Polkadot, is focused growing the "cybernetic economy," in which blockchain is the bedrock

Funding (Gerd Altmann/Pixabay)

Markets

Binance Processes Nearly $1B in Net Outflows as Changpeng ‘CZ’ Zhao Resigns

Data shows the exchange sits on over $67 billion worth of tokens, easing concerns of a possible bank run.

Binance's CZ (Twitter/Modified by CoinDesk)

Web3

CMCC Global Raises $100M for Hong Kong-Based Blockchain Companies

The lead investor in the fund was B1, which committed $50 million, alongside Richard Li’s Pacific Century Group, Tyler and Cameron Winklevoss’ firm and Animoca Brands founder Yat Siu.

CMCC Global Managing Partners Shiau Sin Yen, Martin Baumann and Charlie Morris (CMCC Global)

Tech

Millions in Ether Tied to FTX 'Hacker' on The Move

FTX was hacked in November 2022, hours after the global crypto empire declared bankruptcy and its founder Sam Bankman-Fried stepped down from running the company.

Sam Bankman-Fried (Liz Napolitano/CoinDesk)

Finance

Crypto VC Firm Blockchain Capital Raises $580M for 2 New Funds

Most of the firm's limited partners are traditional institutional investors, including university endowments, private foundations, financial institutions, sovereign wealth funds and U.S. pension plans

Blockchain Capital Co-Founders Bart Stephens and Brad Stephens (Blockchain Capital)

Finance

Crypto Exchange Bitget Establishes $100M Pot to Fund Ecosystem Growth

Bitget anticipates tightened regulations and growth of layer-2 blockchain networks and DeFi technologies bringing about an evolution in how centralized exchanges operate.

A hand adds another coin to a stack. (Shutterstock)