Tokyo-based investment firm Metaplanet announced issuing 1.75 billion yen (over $11 million) to increase its Bitcoin holdings.
Xiao Feng, the chairman and CEO of the investment company HashKey Group, believes China may reconsider its approach to crypto now that Donald Trump has won the election.
Cartwright, a large pension advisor in the UK, announced allocating 3% of its assets to Bitcoin. This is a first-of-its-kind Bitcoin investment move by pension specialists in the country.
xAI, the AI startup founded by Elon Musk, is in talks to raise investment in a new funding round that would bring its valuation to $40 billion.
World Liberty Financial, the project championed by Donald Trump’s sons and fueled by a recent $14 million private investment, is moving closer to releasing its USD-pegged stablecoin. According to Decrypt, the team is now focused on solidifying the technical backbone for the new coin.
47% of traditional hedge fund managers invested in crypto assets, according to the “6th Annual Global Crypto Hedge Fund Report 2024,” released by AIMA (The Alternative Investment Management Association) on October 10, 2024.
Crypto investment company 21Shares urged financial authorities to establish clear rules for the European market.
Canadian trader Christopher DeVocht has filed a lawsuit against RBC Dominion Securities and its financial advisors, demanding compensation for his $415 million loss (the peak value of his account). DeVocht claims the firm gave him poor investment advice and executed high-risk trades, which ultimately wiped out his entire portfolio.
Fidelity, an investment company, reports that the value of X has plummeted by 4х since Elon Musk's purchase. Musk bought the social platform for $44 billion, utilizing personal funds, loans, and other resources, before taking the company private—removing it from the stock market.
BlackRock’s Head of Digital Assets Robbie Mitchnick argues that Bitcoin is unfairly labeled as a high-risk asset. He believes the first cryptocurrency should be seen as a risk-free investment, suggesting that its reputation as a risk-on asset is a narrative pushed by certain voices in the crypto community.
On November 14, Solidion Technology, a key supplier of battery materials, announced a strategic shift towards Bitcoin by reallocating a portion of its cash reserves to the cryptocurrency. This move comes amid the rise of pro-crypto leadership in the U.S., following Donald Trump’s presidential victory.
BlackRock, the largest investment firm in the world, has expanded its BUIDL RWA fund to five new blockchains, including Aptos, Arbitrum, Avalanche, OP Mainnet, and Polygon. Until now, BUIDL was exclusively available on Ethereum.
The State of Florida holds around $800 million in crypto-related investments. Jimmy Patronis, Florida’s Chief Financial Officer, said in a recent interview with CNBC that crypto represents a big opportunity for the state’s investment portfolio and pension funds.
The digital asset world is evolving rapidly, bringing with it an array of new investment tools. Following the successful debut of Bitcoin and Ethereum ETFs, it appears that Solana’s turn may be approaching.
As of October 11, 2024, BlackRock, one of the largest U.S. investment firms, crossed a historic threshold with its assets under management surpassing $11.5 trillion for the first time. This was fueled by a surge in crypto-ETF inflows and a sharp rise in the company's stock.
Crypto investment firm Canary Capital has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch a spot XRP ETF. This makes them the second issuer in just a week, following Bitwise, in their attempt to offer traditional investors exposure to Ripple (XRP).
The AI industry reaches a new milestone as OpenAI, the creator of ChatGPT, secures a record $6.6 billion in new funding. This significant investment pushes the company’s valuation to $157 billion.
