Bitcoin Drops Below $30K for First Time in 4 Weeks Posted on 2021-07-21 by Patrick Wall Street is seeing “too much froth” and current virus jitters are triggering widespread panic selling of every top performing asset, including bitcoin, said one analyst. + News
Bank of America Is Clearing Crypto ETPs for Hedge Funds in Europe: Sources Posted on 2021-07-21 by Patrick The bank’s prime brokerage unit is said to be allowing clients to access various crypto exchange-traded products. + News
FTX Crypto Exchange Valued at $18B in $900M Funding Round Posted on 2021-07-21 by Patrick Sam Bankman-Fried’s exchange is bringing on the largest funding round in crypto history to fuel expansion. + News
S&P Crypto Index Has 243 Coins. DOGE Is Not One of Them Posted on 2021-07-21 by Patrick The index company’s Broad Digital Market tracker dives deep – very deep – into the digital asset universe, CoinDesk found. + News
Titan Raises $58M in Series B Round Led by A16z Posted on 2021-07-21 by Patrick The company is a mobile-first investment platform that allows clients to have their capital actively managed in long-term strategies. + News
DeFi Derivatives Protocol Vega Raises $43M in CoinList Token Sale Posted on 2021-07-21 by Patrick Some 21,000 unique participants took part in the offering. + News
Silvergate Took $4.3B in Deposits From Digital Currency Customers in Q2 Posted on 2021-07-21 by Patrick The majority of the bank’s new deposits came from cryptocurrency exchange clients. + News
Circle Reveals Assets Backing USDC Stablecoin Posted on 2021-07-21 by Patrick Crypto’s No. 2 stablecoin is backed mostly – 61% – by cash and cash equivalents. Here’s what comprises the rest. + News
CoinFund Targets ‘Early Mainstream Adoption’ With $83M Venture Fund Posted on 2021-07-21 by Patrick The six-year-old crypto VC firm has headlined seven fundraising rounds so far this year. + News
Rolexes in DeFi? NFT Marketplace 4K Raises $3M to Combine NFTs and Luxury Goods Posted on 2021-07-21 by Patrick 4K aims to bring NFTs of vault-stored valuables into the world of decentralized finance. + News