Ray Dalio on Bitcoin, FTX to List Fan Tokens, ETF Battles + More News
Get your daily digest of crypto-asset and blockchain news – investigating the stories that slip under the radar of today’s crypto news.
- Founder of a major hedge fund Bridgewater Associates, Ray Dalio, told CNBC he had “a certain amount of money in bitcoin.” He added that all alternatives to cash and other financial assets should be considered, while “Bitcoin is a possibility”. However, if BTC is “really” successful, regulators “will kill it because they have the means to kill it,” he said, reiterating his earlier statements.
- The institution-driven digital asset data company Amberdata noted he raised $ 15 million in a Series A round. The round was led by the big investment bank Citi, with the participation of Franklin templeton, Digital galaxy, Assets of Rovida Kruptos, and the executives of GoldenTree Asset Management.
- The technology-driven venture capital firm Skip the capital announcement that it closed its last venture capital fund for new investments, after securing a capital commitment of $ 350 million. While the company’s funds are generally focused on the tech sector, the latter fund will have an “increased focus on the evolving crypto ecosystem.”
- TrustToken, the team behind the TrueFi lending protocol and stablecoins, including TrueUSD, announced the acquisition of a Web 3.0 development company EthWorks. The acquisition doubles the size of TrustToken’s team, quadruples the company’s technical talent, and brings in senior technical and design leadership to lead TrustToken’s mission. noted.
- Wealth management platform Abra raised $ 55 million in Series C funding, led by IGNIA and Blockchain capital with new investors including Kingsway Capital, Tiga Investments and the Stellar Foundation for Development. Additional investments from existing investors include Lerer Hippeau Ventures, Amex companies, Arbor Ventures, RRE companies, CMT digital companies, and Cenetic Advisors. Several Platinum clients also participated, while the round brought Abra’s total funding to over $ 85 million.
- Fidelity Investments would have pushed the United States Securities Commission (SEC) to approve its exchange-traded fund (ETF) BTC “in a private meeting”, according to at Bloomberg. At the meeting, Fidelity made arguments for their case, including “increased investor appetite for virtual currencies, the growth of bitcoin holders and the existence of similar funds in other countries.”
- Bitwise asset management has partnered with an ETF issuer ETF Series Solutions file a proposal for a new US bitcoin tracking ETF. According to On deposit, the ETF will not invest directly in BTC, but instead will hold regulated bitcoin futures and “Canada-listed pooled investment vehicles and funds”.
- US President Joe Biden has asked the acting president of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, to occupy the post on a permanent basis, according to to a White House statement. Behman has served as interim CFTC chairman since former chairman Heath Tarbert left in January. Meanwhile, law professor Kristin Johnson and government watchdog Christy Goldsmith Romero have been asked to serve as commissioners at the agency.
- USDT Issuer Attached has never owned or held any commercial paper or other debt or securities issued by the troubled Chinese real estate giant Evergrande, they said in a statement shared with Cryptonews.com. The vast majority of commercial paper held by Tether is owned by issuers rated A-2 and above, they added.
- The international auction house Christie’s has set up for an online auction a collection from acclaimed Asian actor and collector Shawn Yue, which includes several ‘exceptionally rare’ CryptoPunks and Bored Ape Yacht Club non-fungible (NFT) tokens. The event marks NFT’s first auction by an international auction house in Asia, Christie’s said.
News from the exchanges
- Crypto exchange FTX has partnered with a sports and entertainment token issuer Chiliz to list Chiliz Fan Tokens, a announcement noted. The first tokens to be listed will be INTER and GAL, which are fan tokens associated with the Italian football club. Inter Milan and turkish club Galatasaray.
- The Central Bank of the Republic of Turkey noted he signed bilateral memorandums of understanding with ASELSAN, HAVELSAN, and TÜBİTAK-BİLGEM, and established the “Digital Turkish Lira Collaboration Platform”. The bank continues to research the potential benefits of introducing a digital Turkish lira to complement the existing payment infrastructure, they added.
- Greenidge Generation Holdings Inc., a Bitcoin mining and power generation company, has placed an order for 10,000 S19j Pro bitcoin miners from Bitmain. Greenidge intends to deploy the 10,000 units at its planned facilities in South Carolina, United States, noted the press release. The miners are expected to be delivered in the second and third quarters of 2022 and are the latest development in the company’s plans to expand its bitcoin mining capacity to 500 MW by 2025.
- Chinese manufacturer of Bitcoin miners Canaan released ‘record results in multiple operational and financial metrics’, unaudited second quarter financial results noted. The company recorded more than RMB 1 billion (USD 167.5 million) in total net sales for the second quarter, up 507% from the same period of 2020 and 167% from the first quarter of 2021. Gross profit was $ 66.2 million, up 887% from the same period of 2020, and 120% from the first quarter of 2021. Net profit was $ 38 million , marking the highest quarterly net profit since the company went public in 2019 (IPO), compared to a net loss during this period in 2020 and a net profit of $ 1.87m as of Q1 2021.