Valkyrie Is Launching a $100M DeFi Hedge Fund

Key Takeaways Valkyrie Investments is planning to launch a $100 million DeFi hedge fund next week on Monday, Nov. 22. The fund will include investments tied to at least 24 assets on 13 blockchains including Ethereum and Solana. Unlike some other funds, Valkyrie will hold funds on-chain to take advantage of staking and yield farming. Share this article Valkyrie Investments is planning to offer a new hedge fund that is connected to the performance of various DeFi assets. Fund Will Go Live Next Week The investment vehicle will be available…

First Mover Asia: Bitcoin Falls Slightly in Soft Trading; Launch of VanEck Futures ETF Coming Soon

Good morning, Here’s what’s happening this morning: Market Moves: Bitcoin declines slightly in soft trading. Technician’s take: Upside momentum is slowing, although pullbacks remain limited. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. Prices Bitcoin (BTC): $63,939, -1.1% Ether (ETH): $4,576, -0.3% Market moves Bitcoin was slipping in digital-asset markets, down 0.7% over the past 24 hours, and seemed to be establishing a new range in the low $60,000s. The blockchain network’s much-anticipated Taproot upgrade did little to provide an immediate market…

What Taproot Could Mean for Bitcoin Investors

In short, while the Taproot upgrade is a monumental part of the history of Bitcoin, there is still work to be done. A relatively popular cartoon that surfaces around important times in Bitcoin history, such as around the halving, does a great job showing this. The cartoon shows a stick figure hunched over a computer watching Bitcoin blocks being mined with a serious look on its face. When the miners mine block 709,632, the stick figure raises some fireworks above its head. After that, its back to seriously watching the…

Why Blockchain Benefits the Supply Chain

On the foundation of MRP planning, companies added demand forecasting and constraint management. In theory, the flow of goods at the front of the supply chain, the retail store, affects the entire supply chain all the way to the securing of the most basic raw materials. In reality, data and technology gaps and competitive concerns interfere with much of that flow. Source link

This DAO Is Trying to Buy the Constitution for $20M

This episode is sponsored by NYDIG. Download this episode On Thursday, Nov. 18th, Sotheby’s is auctioning off one of just 13 (or 11, depending on your source) copies of the original edition of the U.S. Constitution, printed in September 1787 for distribution to members of the Continental Congress and the states that would need to debate and ratify the document. It’s the first time the document has been for sale in a third of a century, and this time, a new DAO has sprung up to make the purchase collectively. On…

OpenSea volumes go bananas as collectors pile back into Bored Ape Yacht Club NFTs

Crypto Twitter nonfungible token (NFT) influencers have been relatively quiet over the past two weeks as trading volumes on OpenSea dropped to a three-month low and analysts critical of the emerging sector say a bear market is at hand.  While overall sale volumes do pale in comparison to previous months, certain projects have seen a significant surge in the last week. Data from Dune Analytics shows that on Nov. 14, the daily amount of Ether (ETH) traded on OpenSea catapulted from $48 million to $105 million and at the time…

Solana Throws a Three-Day Party for Itself

Solana’s opulent conference wrapped with a bang late Wednesday after three breakneck days of panelists and parties meant, as the event website put it, to be a “celebration” of the network’s rapid ascent. Some 2,000 attendees had come to discuss the future: of finance, digital ownership, governance, trading, social media and online communities. Source link

President Biden signs infrastructure bill into law, mandating broker reporting requirements

After months of scrutiny from both the United States Senate and House of Representatives, the infrastructure bill — criticized by many crypto advocates — is now officially the law of the land. In a ceremony in front of the White House on Monday, President Joe Biden signed the $1 trillion infrastructure bill before an audience of reporters, lawmakers and union workers. While the bipartisan legislation is aimed at providing funding for roads, bridges, internet access, solar panels, electric vehicle charging stations and other major infrastructure projects, lawmakers included language applicable…