Monday, December 4, 2023
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Rising Bitcoin (BTC) Dominance Rate Puts Altcoins Rally, Which Started in 2021, At Risk

According to technical analysis by Fairlead Strategies, it’s likely to continue in the coming days, reversing the decline from 60% to 40% seen during the hazy crypto bull market days of March-April 2021. Investors then rotated money from the relatively expensive bitcoin into altcoins, leading to a decline in BTC's

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$50M Web3, Metaverse Venture Fund Started by Futureverse Co-Founders Shara Senderoff, Aaron McDonald

The Born Ready fund will cut checks between $250,000 and $1 million per project, the team told Fortune in an interview. It has already deployed capital into a variety of companies, including high-tech sneaker startup FCTRY Lab, Web3 startup Power’d Digital, and blockchain gaming companies Polemos and Walker Labs. Born

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FTX Dubai Never Started Operations and Should be Dismissed From U.S. Bankruptcy, FTX Argues

The estate argues that any court orders while FTX Dubai was part of the proceedings should stand, but that the dismissal requested "is necessary" to protect the debtors and authorize them to, for instance, pay pre-bankruptcy wages and salaries, along with other compensation, benefits and expenses to Dubai employees. Source

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