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๐ฅIn Q1 2024, venture capitalists invested $2.49 billion, marking a 29% quarter-over-quarter increase, across 603 deals, reflecting a 68% quarter-over-quarter rise! ๐This uptick represents the first increase in both capital invested and deal count in three quarters, suggesting that Q4 2023 might have marked the "bottom." โญHowever, further sustained and larger increases are necessary to confirm this trend.
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#HongKong ETFs failed... #crypto community predicted between $100-$200 M for the first day but it is only $11-$13 M for now. On the bright side, they can't dump $BTC so hard ๐
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๐ฅRussia is banning crypto! #Russia is implementing a #crypto ban to strengthen the #ruble amidst escalating geopolitical tensions and widening sanctions. The proposed bill will include exceptions for crypto miners and Central Bank-sponsored test projects, forming an experimental legal framework. Because crypto mining plays a crucial role in Russia's tax revenues, generating over $2.59 billion for foreign trade settlements, according to Statista data... So, we will see how these hypocritical bans affect crypto usage in Russia but one thing for sure... we have to endure bear market for longer than we thought.
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Avalanche Subnets Are Getting Renewed
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๐ฅIs another dump loading? The #FBI cautions Americans against utilizing unregistered #cryptocurrency money transmitting services... The FBI suggests taking a few simple steps to avoid unintentionally using non-compliant services. For instance, it's advisable to steer clear of cryptocurrency money transmitting services that fail to collect know your customer (KYC) information when required.
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