Top Crypto News This Week: Venture Capital Surges, Bitcoin DCA, and Options Expiry
This week in the crypto space, we saw several notable developments:
Venture Capital Investments Rebound: After three consecutive quarters of decline, venture capital funding for crypto startups saw a sharp increase in Q1 2024. Investments rose 29% to $2.49 billion, with infrastructure and Web3 projects leading the way.
Block to "DCA" into Bitcoin: Jack Dorsey's fintech firm Block announced it will invest 10% of its Bitcoin-related gross profit into Bitcoin purchases each month, a form of dollar-cost averaging.
Massive Options Expiry: Bitcoin and Ethereum options contracts worth a combined $2.4 billion are set to expire on May 3, potentially leading to increased market volatility in the short term.
These events highlight the continued institutional interest and innovation happening in the crypto industry, despite the recent market volatility. Investors will be closely watching how these trends unfold in the coming weeks and months.
What are your thoughts on this week's top crypto news? Let me know in the comments below!