HashKey Capital's new blockchain fund, the HashKey Fintech Multi-Strategy Fund IV, has successfully raised $250 million in its first funding round, targeting a total of $500 million. The fund will focus on investing in blockchain infrastructure and applications that have practical, real-world use cases.
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Bitcoin remains stagnant, showing little movement in its price as traders await significant market developments. In contrast, a specific gaming token has experienced a dramatic surge, skyrocketing in value and attracting considerable attention from investors. This divergence highlights the varying dynamics within the cryptocurrency market, where some assets are thriving
BitGo's stock fell below its initial public offering (IPO) price on its second day of trading, reflecting investor concerns about the company's growth prospects in the competitive cryptocurrency market. The stock opened at $10 but dropped to around $9.50, indicating a decline of approximately 5%
R3 is partnering with Solana to enhance institutional yield opportunities on-chain. The collaboration aims to leverage Solana's high throughput and low transaction costs to attract institutional investors seeking yield generation. R3's Corda platform will integrate with Solana, allowing institutions to access decentralized finance (DeFi) products more
The article explores the potential for stablecoins to detach from their traditional peg to the US dollar, highlighting the growing interest in alternative backing assets. It discusses various stablecoin models, including those pegged to commodities or other currencies, and examines the implications for market stability and regulatory frameworks. Key players