Odaily Planet Daily News: Joshua de Vos, head of research at data provider CCData, said the bankruptcy of hedge funds Three Arrows and Alameda Research provided an opportunity for new participants to enter after the market rebounded. Of those funds that have managed to survive, many have achieved double-digit and triple-digit percentage returns in recent months. de Vos said that given the cyclical nature of cryptocurrencies, there is a high probability that new crypto-native funds will emerge to help fill the gaps left by these entities and take advantage of new opportunities that emerge in this cycle. Tracking agency Galaxy VisionTrack said that in the first quarter of 2024, the total crypto-specific hedge fund market had grown from $16.3 billion in December 2023 to exceed $21 billion for the first time, reaching the highest level since October 2022. (Bloomberg)