#investments

Justin Schmidt, the Chief Operating Officer at Ondo Finance, which specializes in tokenized securities, is confident that yield-bearing stablecoins will outpace their traditional counterparts in the future. He notes that current issuers of such tokens are channeling investments into U.S. Treasury bonds and deposits, thereby securing their own profits, while regular users remain deprived from yield-generation.

Singapore Prime Minister Lee Hsien Loong has issued a warning about the spread of deepfake videos where he appears to endorse cryptocurrency investments promising guaranteed returns. He revealed that his deputy has also been targeted by a similar cyber attack.

French startup Mistral AI has secured an investment of 385 million euros in its most recent funding round, which was spearheaded by Andreessen Horowitz (a16z) and Lightspeed Ventures. This infusion has raised the company's valuation to $2 billion.

Dmytro Budorin, the CEO of blockchain security auditor Hacken, has laid out five critical guidelines for safeguarding investments against fraud in crypto projects.

The CEO of Franklin Templeton Investments, Jenny Johnson, disclosed that she has made personal investments in Bitcoin as well as several altcoins, including Uniswap and SushiSwap.

Valkyrie Investments has recently submitted an updated application to register their spot Bitcoin ETF, cleverly named BRRR (emulating the sound of a money-counting machine).

The U.S. Securities and Exchange Commission (SEC) has charged BlackRock with misrepresenting investments in the entertainment industry.

In Thailand, a growing number of crypto investors are seeking guidance from astrology and tarot cards to predict market movements. Astrologist "Pimfah" runs a Facebook group with 160,000 members where tarot card readings are discussed in the context of crypto investments.

In an effort to mitigate risks associated with other stablecoins, such as centralized and algorithmic ones, Gyroscope has launched the Gyro Dollar (GYD), a decentralized stablecoin, on the Ethereum blockchain. The project has attracted investments from key industry players like Galaxy and Placeholder.

This was announced by the country's president and well-known Bitcoin enthusiast, Nayib Bukele.

OpenAI, the creator of ChatGPT, is seeking additional investments from its primary investor, Microsoft, reports the Financial Times.

Robby Yung, the CEO of Animoca Brands, has revealed that due to a shortage of capital, investors in the realm of Web3 games have become increasingly demanding when it comes to new projects. They now expect to witness substantial progress at the early stages of development.

The value of Bitcoin surged to $35,000, catapulting MicroStrategy's unrealized gains from its investments to an impressive $857 million in under a day.