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[Crypto Accelerator Alliance plans to raise $100 million for a new fund and has received investment commitments from Brevan Howard Digital and Galaxy Digital ]
Crypto accelerator Alliance is looking to raise $100 million for its new fund, Alliance Fund III, and has already secured $20 million in investment commitments from Brevan Howard Digital and Galaxy Digital, a source told The Block .
According to limited partner meeting materials obtained by The Block, Fund III plans to raise an additional $80 million by July, with a cap of $100 million and an expected investment of $500,000 in each startup.
Alliance has reportedly invested in more than 200 startups since its founding in 2020. Alliance’s first fund backed startups such as Arbitrum , Immutable X , and Axie Infinity. Its second fund, valued at $30 million, has backed Tensor , Hyperlane , and Story Protocol .
It is reported that many well-known investors, including Peter Thiel Founders Fund, Solana Labs co-founder Anatoly Yakovenko , Visa cryptocurrency director Cuy Sheffield , Brevan Howard Digital venture capital co-head Peter Johnson and Colleen Sullivan are supporters of Alliance.
[ Federal Reserve Neel Kashkari: If inflation progress stagnates, the Fed may not cut interest rates this year]
Neel Kashkari, president of the Minneapolis Federal Reserve, said in a speech that the Federal Reserve may not cut interest rates this year if inflation progress stalls, especially if the U.S. economy remains strong.
Kashkari called the inflation data for January and February "a little concerning" and said he needed to see more progress in prices to gain confidence that they were moving toward the Fed's 2% target before lowering borrowing costs. Kashkari stressed the importance of letting inflation data guide interest rate decisions.
[ Bitwise CIO: Long-term demand for ETFs may push Bitcoin to $100,000]
Matt Hougan , chief investment officer of crypto asset management company Bitwise, said in an interview with Coindesk that Bitcoin's intraday volatility has been high recently, but he is not worried about Bitcoin falling below $60,000 because long-term demand for Bitcoin ETFs will push BTC beyond its previous historical high to $100,000.
Coinbase registers as a CSA restricted dealer in Canada
According to CNBC, Coinbase has registered as a restricted dealer under the Canadian Securities Administrators (CSA) in Ontario, Canada, allowing the company to further expand into overseas markets at a time when it faces regulatory pressure in its domestic US market.
Last year, Canada introduced new guidelines for cryptocurrency exchanges, limiting the amount that certain investors can invest in cryptocurrencies and imposing mandatory registration for cryptocurrency companies. Coinbase is reportedly the first international cryptocurrency trading platform to accept restricted dealer registration in Canada.
[ Wormhole has revoked the airdrop allocation to the addresses of the 2022 hacking incident]
According to The Block, citing sources, Wormhole has now revoked the airdrop allocation to the wallet address of the last hacker attack (2022). The hacker stole 120,000 ETH from Wormhole in 2022. The amount stolen at the time was approximately US$323 million, making the vulnerability one of the largest hacker attacks in the history of decentralized finance.
Earlier, on-chain users discovered that Wormhole seemed to have forgotten to exclude the hacker address that stole 120,000 ETH in 2022 from the airdrop. About four addresses related to the hacker attack were allocated more than 31,600 W tokens, worth about US$38,000.
[Coinbase International Exchange will add support for ORDI and WLD perpetual futures]
Coinbase International Exchange has announced that it will add support for Ordinals and Worldcoin perpetual futures contracts, with ORDI-PERP and WLD-PERP markets set to open on or after 9:30 AM UTC on April 11, 2024.
Author: BitpushNews Mary Liu
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