Cryptocurrency Analysis and News Portal
ALSO: Sam Reynolds writes that former BitMex CEO Arthur Hayes foresees the balkanization of finance and bitcoin rallying because the current global banking system "is bankrupt." Bitcoin is on the rise. Source
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Crypto derivatives exchange Bitget launched a new fund focused on supporting the next generation of Web3 projects. According to a statement seen by Cryptox, $100 million will be invested in the fund as an initial investment. Bitget says it will target funding Web3-friendly venture firms and projects worldwide. It will focus
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ALSO: A crypto investor, entrepreneur and market observer suggests that TradFi may be approaching a tipping point that benefits bitcoin, among other digital currencies, and could shift a large part of the crypto economy to Hong Kong. Source
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Bitcoin is flat, but ether is up, on potentially favorable comments by the CFTC before Congress. Source
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Are bitcoin traders shrugging off the CFTC's action against Binance? Or is there just not enough liquidity to go around? Source
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ALSO: Sam Reynolds writes that decentralized derivatives platforms are having a liquidity problem. The shortage may stem from crypto traders current caution, but at least one analyst is optimistic that the situation will change. Original Source
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First Mover Asia: Traders Focused on Liquidity & FOMC as Asia Opens Its Business Day Source
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A Crypto Rank team of analysts wrote that “despite the inherent volatility of the cryptocurrency market, venture capitalists…continue to pour significant investments into the industry.” Source
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ALSO: The Shibarium community is debating whether a chain using the same chain ID number 917 as the Rinia Testnet amounts to plagiarism or an open-source code that has been recycled. Source
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ALSO: CoinDesk's Shaurya Malwa writes that higher-than-usual market volatility affected bulls and bears alike as crypto futures racked up $300 million in liquidations over a 24-hour period earlier this week. Original Source
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