前回の強気相場でよく知られていた仮想通貨の本来の特徴のいくつかも復活している。他のベンチャー キャピタリストが観察している業界の成熟の兆候もある。分散型仮想通貨取引所 Sushi の元経営陣メンバーである John Lo 氏は、Recharge Capital のマネージング パートナーとして、デジタル資産投資を担当している。同氏は、ビットコインがこれまでにない規模で採用され、使用されているため、ビジネスが成長していると指摘した。
Polygon's Avail Joins NIM Network-Initiated AI Gaming Alliance
BlockBeats reports that Polygon's modular blockchain project Avail has announced a relationship with the AI gaming alliance that was started by NIM Network. The strategic alliance will concentrate on developing DA programs specifically for AI games. Previously, the partnership included the Web3 social simulation game Today, the decentralized data sharing protocol OceanProtocol, and the on-chain competitive site JokeRace.
Avail declared in February that a $27 million seed round of funding had been completed. Dragonfly and Founders Fund, the venture capital firm founded by Peter Thiel, led the investment. Numerous angel investors, Figment, Nomad Capital, and SevenX Ventures were among the other participants in the investment round. $BTC
MicroStrategy Stock Rises Amid Exposure to Bitcoin
Bloomberg reports that MicroStrategy's exposure to Bitcoin has played a major role in the company's stock performance over the past month, exceeding Wall Street's projections. Based on a sum-of-the-parts analysis, analyst Harte observed that the premium investors are ready to pay for this exposure has created a new norm above 2x. Additionally, he believes that in the upcoming year, the company would profit from Bitcoin-related triggers, especially the anticipated halving of Bitcoin this month.
It is a dangerous move, though, given the strong correlation between the company's shares and a cryptocurrency. The stock loses more heavily during downturns even though it trades at a premium to Bitcoin. This was made clear on a recent Friday when a reversal in the price of Bitcoin caused MicroStrategy shares to plummet as much as 3.2% during intraday trade.
The hazards are further highlighted by Harte's MicroStrategy estimates. If the premium drops and regulatory pressures have an effect on the cryptocurrency market, he believes that shares might fall below $700 and Bitcoin could return to $48,000. However, the stock price may rise to $2,700, or over 70% above current trading levels, if Bitcoin breaks beyond $90,000 and the premium on the company's assets rises.
For the time being, Harte thinks the impending April halving will be a driving force behind the price of Bitcoin and the stock. He pointed out that in the year that followed the first three Bitcoin halving events, the price of one Bitcoin rose by an 80x, 4x, and 6x margin. Because Bitcoin acts as a disinflationary asset, he advises investors to see it as a safe haven from inflation in the face of fiscal stimulus from central banks. He also anticipates that institutional investors will continue to adopt Bitcoin. #solana$BTC
Bella Protocol and Manta Network Form a Strategic Alliance
Foresight News reports that Manta Network and Bella Protocol, a DeFi initiative, have formed a strategic alliance. By using Bella's DeFi liquidity services to assist innovation and growth inside the Manta ecosystem, the partnership seeks to fully realize the potential of the ecosystem.
Juice Finance Notifies Users That They Can Now Remove wETH From Munch.
As to Foresight News, consumers can now withdraw wETH from Munch, according to Juice Finance, a protocol within the Blast ecosystem. The procedure is taking out the maximum amount of money from the vault, paying back the interest and the loan pool, and then taking out wETH to the wallet. This update is a result of Juice Finance's continuous efforts to bring its customers greater choice and flexibility. $BTC
Doodles Says Its 'Grey Plan' Will Launch This Summer And It Works With Famous Artists
As per Foresight News, Doodles has declared that the 'Grey Plan' will be introduced this summer. The immersive animation project will have its world premiere at the Toronto International Film Festival before going on to screen all across the world. For this initiative, the business is working with well-known artists Pharrell Williams, Lil Wayne, and Coi Leray. There are still no additional project information available.
In just one day, BNB increases by 6.42% to surpass 590 USDT.
April 4, 2024, at 13:17 UTC. Binance Market Data reports that BNB has risen 6.42% in the last day to trade at 590.400024 USDT, having crossed the 590 USDT benchmark.
Date of the Devnet Upgrade Announced by Mina Foundation The Mina Foundation has stated that April 9 is the scheduled date for its Devnet upgrade, according to Foresight News. Simplified ZK programmability and other essential capabilities will be added to the main network with the Devnet upgrade of Mina, which is the last milestone before the Berkeley upgrade.$BTC
While raising $2.2 billion for its latest venture fund, Tiger Global Management falls short of its goal.
Tiger Global Management's most recent venture capital fund has garnered only $2.2 billion, well short of its $6 billion goal, according to PANews. This is the firm's lowest fundraising effort in almost ten years. The Private Investment Partners 16 fund (PIP 16) final closure last week was the first occasion that Tiger Global's venture capital fund raised less money than in prior years. With a final fund size of $12.7 billion, the company raised the most money it had ever done.
Due to falling valuations and a paucity of transactions, investors are becoming increasingly hesitant to make venture capital and private equity investments, which is creating the most difficult fundraising climate Tiger Global has seen in years. PIP 16 will invest over a number of years, mostly assisting entrepreneurs in the corporate IT space, notably in the US and India. PIP 16 has been available for purchase for almost 18 months, which is longer than the time the company usually needs to raise money.
According to an insider, the company postponed the final closing time in part to allow investors more time to acclimate to Shleifer's departure as venture capital director. Additionally, a few clients asked for additional time to set up their internal budgets. According to reports, the business declared in November of last year that founder Chase Coleman will take over for venture capital director Scott Shleifer, who stepped down to take on the role of senior advisor.
A $5 million private funding round is raised by the Cross-Chain Exchange Protocol.
The EigenLayer-based cross-chain exchange system Gasp has replaced the previous name Mangata Finance, according to BlockBeats. The business has declared the close of a fresh round of private financing, which brought in $5 million. Polychain Capital, CMS Holdings, Master Ventures, Token Metrics, and Cluster Capital were among the investors in this round of fundraising. With 30% of the overall capital, Cluster Capital made the largest contribution despite the lack of a lead investor. According to sources, this fundraising round has increased Gasp's FDV to eighty million dollars. As it continues to develop its cross-chain exchange protocol, Gasp has reached a critical milestone with the renaming and the successful investment round.$BTC $SOL
Scroll Promises to Cut Transaction Fees by Ten Times and Announces Support for EIP-4844
As per Foresight News, Scroll is in the process of evaluating its compatibility with EIP-4844 and intends to launch this protocol update by the end of April. The objective is to use extra gas optimization to lower transaction fees by a factor of ten. In the upcoming weeks, the community will receive a more detailed timeline from the corporation.
The group is also working on expanding support for Ethereum's EIP-1559 pricing system and enabling improved DA compression. After the next protocol upgrade, which is planned for the end of May, both of these functionalities should be made available on the Scroll mainnet.
Release of the Bitcoin Mining Firmware and Control Board by Marathon Digital
The Nasdaq-listed mining startup Marathon Digital has announced the release of its Bitcoin mining software and control board, MARAFW and MARA UCB 2100, according to Foresight News. The new items are meant to enhance the functionality, effectiveness, and adaptability of Bitcoin mining machinery.
Matter Labs and Blockchain Gaming Platform XPLA Collaborate to Promote Web3 Game Development
Foresight News reports that blockchain gaming platform XPLA and zkSync developer Matter Labs have partnered to advance Web3 game development and deployment via the recently established zkXPLA ecosystem. In addition to offering cross-chain integration and enabling the release of new games, entertainment experiences, and public projects for financial institutions and governmental organizations, the goal of the zkXPLA mainnet is to support Web3 games and projects that extend from Cosmos to the Ethereum ecosystem.