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[ Venture capital invested $2.49 billion in crypto and blockchain companies in the first quarter, a 29% increase from the previous quarter]
Data compiled by Galaxy Research shows that venture capitalists invested $2.49 billion (up 29% from the previous quarter) in 603 deals (up 68% from the previous quarter) in companies focused on cryptocurrencies and blockchain in the first quarter of 2024. This is the first increase in investment capital and the number of deals in three quarters.
Investment activity within the industry was dominated by the infrastructure sector, which accounted for 24% of the total funds raised this quarter, including EigenLayer 's $100 million financing. In addition, Web3 and trading tracks accounted for 21% and 17% of the total capital respectively.
Geographically, the United States remains the dominant force in the cryptocurrency venture capital space, with U.S. startups participating in 37.3% of all deals and receiving 42.9% of investment capital. Singapore follows closely behind, accounting for 10.8% of the total number of deals, the United Kingdom at 10.2%, Switzerland at 3.5%, and Hong Kong at 3.2%.
[ MakerDAO plans to introduce two new tokens NewStable and NewGovToken]
MakerDAO said on the X platform that it plans to introduce two new tokens: NewStable and NewGovToken (the official name will be revealed at a brand launch event).
MKR holders will be able to upgrade their tokens to NewGovToken, the new governance token within the ecosystem. The total supply of NewGovToken has been strategically readjusted compared to MKR. During the upgrade, each MKR will be converted into 24,000 NewGovToken. Aims to promote broader governance participation. It is reported that the new token represents an extension and will not replace the existing Dai (DAI) and Maker (MKR) tokens. Users can choose to transition to NewStable and NewGovToken.
[U.S. Treasury Secretary Yellen: Fundamentals still point to slowing inflation]
U.S. Treasury Secretary Janet Yellen said in an interview in Sedona, Arizona on Friday that although tight housing supply has stalled the retreat in inflation, she still believes that underlying price pressures are fading. "The fundamental picture to me is that inflation expectations are well contained and the labor market is strong but not a significant source of inflationary pressure," Yellen said.
Yellen has said for months that housing costs will fall, which would help bring inflation down to the Fed's 2% target. Yellen acknowledged that progress on housing inflation has been slower than expected so far, largely because of supply issues. "Housing is a real problem in the United States because there is a severe shortage of affordable housing, in part because of high interest rates, and that's one of the most sensitive areas, so new housing construction has not been at the level that it needs to be to really moderate housing prices," she said. But she added that based on her reading of data on new condos and single-family home rental prices, it's "very likely" that housing costs will fall.
[Two Hong Kong asset management companies hold $112 million in US spot Bitcoin ETFs]
According to Watcher.guru, two Hong Kong asset management companies have purchased up to US$112 million in US spot Bitcoin ETFs. Data shows that in addition to Yong Rong Asset Management's purchase of BlackRock IBIT ETF worth US$38 million, another Ovata Capital Management purchased four US spot Bitcoin ETFs with a total investment of more than US$74 million.
[Q1 Coinbase International Exchange Perpetual Futures Notional Contract Trading Volume Exceeds US$76 Billion]
Coinbase International Exchange posted on the X platform that it has increased the maximum leverage to 10 times, and the nominal contract trading volume of Coinbase International Exchange's perpetual futures exceeded US$76 billion in the first quarter. In addition, the trading volume in 30 days in April exceeded US$30 billion.
As of now, Coinbase International offers 41 markets (38 perpetual markets and 3 spot markets), which have an average daily trading volume of US$1 billion.
[The group that stole 1,155 WBTC has sold all the tokens for 22,960 ETH]
According to on-chain analyst Ember, the group that previously used a phishing address to steal 1,155 WBTC (worth approximately US$70.8 million) has sold all 1,155 WBTC in exchange for 22,960 ETH, which are currently stored in 10 wallet addresses.
Analysts said that earlier in the day, the whale address was phished by a wallet address with the same first and last numbers, losing 1,155 WBTC, worth about $70.8 million.
Author: BitpushNews Mary Liu
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