Sigma Capital’s $100M fund plans to invest in 100 Web3 projects
The Dubai-based venture capital firm said it plans to invest in 100 early-stage Web3 projects, 25 liquid tokens and 10 fund-of-fund allocations.
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US CFTC Chair Says Interest in Crypto Could Bring About More Clearinghouses
The United States Commodity Futures Trading Commission (CFTC) chairman Christopher Giancarlo said that the "explosion in interest" in cryptocurrencies will likely lead to new applications for clearinghouses. Giancarlo delivered his comments in a speech published on May 1.In his testimony to the House of Representatives Committee on Agriculture Subcommittee on Commodity Exchanges, Energy and Credit…

IMF plans to meet with El Salvador’s president, potentially discussing move to adopt Bitcoin
The International Monetary Fund has previously spoken out against smaller nations like the Marshall Islands recognizing a digital currency as legal tender. 3019 Total views 9 Total shares The International Monetary Fund has said El Salvador’s recent decision to make Bitcoin legal tender in the country may raise legal and financial concerns.In a Thursday press…

Karura launches decentralized exchange on Polkadot and Kusama
Karura Swap has opened trading for the Kusama/Karura — KSM/KAR — pair as the platform becomes one of the first DEXes to launch on Polkadot and Kusama. 51 Total views 1 Total shares Karura, the Polkadot (DOT) implementation of the Acala protocol, launched its decentralized exchange (DEX) platform Karura Swap.According to the announcement issued on…

Where, Oh Where Has Bitcoin Volatility Gone? Part 2
At the same time that volatility and short-term implied volatility have been sucked out of the market, longer dated options (six months or so until expiration) are still pricing closer to their historical average volatility in the 70% range. This steepness in implied volatility term structure suggests one of two things: Investors expect that this…

DeFi is no longer decentralized — compliance is undermining decentralization
Opinion by: Artem Tolkachev, Web3 investor When decentralized finance (DeFi) first emerged, the core idea was simple: financial freedom, transparency and the absence of centralized control. Smart contracts were meant to replace banks, liquidity was to be distributed globally, and users were supposed to have complete control over their funds. It sounded like a dream.

$13B Bitcoin futures open interest reflects traders’ strong bullish optimism
Bitcoin (BTC) price recovered by 27% just three days after testing the $31,000 support and earlier today bull recaptured the $40,000 level. This quick recovery occurred despite the digital asset facing one of the largest buy-side liquidations in a single day as $1.5 billion was wiped off the books. Interestingly, futures contract traders appear to…

US gov’t transfers $1.9B BTC seized from Silk Road to Coinbase Prime
A wallet that contained Bitcoin associated with the 2021 seizure from an individual who stole crypto from the Silk Road marketplace has moved.

Investors’ perception of crypto is changing for the better: Economist survey
Investors see cryptocurrencies as increasingly useful as the portfolio diversifies, according to an Economist report on consumer trust in digital currencies. A report published by the Economist paints a bright future for cryptocurrency adoption, with survey respondents anticipating growing demand in the near future.Economist Impact published findings of its ‘Digimentality Report’, delving into consumer trust…