In the second quarter, crypto and blockchain startups raised $10 billion in venture capital. Ego Death Capital launched a $100 million fund focusing on Bitcoin for secure decentralized finance. Robinhood’s stock hit all-time highs with its tokenization push, despite European regulators investigating its private equity tokens. CoreWeave acquired Core Scientific for $9 billion, expanding data center capacity for AI and HPC development. Former Binance CEO CZ questioned TON’s UAE Golden Visa program, prompting regulators to deny any digital asset-related visa offerings.
Read more at Cointelegraph.com
1. Bitcoin reaches new all-time high of $60,000 as institutional interest grows. The cryptocurrency has seen a 100% increase in value since the start of the year. Experts predict further growth as more companies embrace digital assets.
2. Ethereum price surges to over $2,000, hitting a new record high. The second-largest cryptocurrency by market cap has seen a 150% increase in value in 2021. Analysts attribute the rally to the growing popularity of decentralized finance (DeFi) platforms.
3. NFT market continues to boom, with sales topping $250 million in February alone. Non-fungible tokens are gaining mainstream attention, attracting artists, collectors, and investors. The digital art sector is experiencing unprecedented growth as more high-profile sales take place.
4. Ripple wins court ruling allowing deposition of former SEC official in ongoing lawsuit. The SEC alleges that Ripple’s XRP token is a security, while Ripple argues that it is a currency. The outcome of the case could have major implications for the cryptocurrency industry.
5. Tesla announces $1.5 billion investment in Bitcoin, sending the cryptocurrency to new highs. The electric car maker also plans to accept Bitcoin as payment for its vehicles, sparking further interest in digital assets. CEO Elon Musk’s support for Bitcoin has helped boost its mainstream adoption.: Bitcoin Venture Funds Surge as Robinhood Pushes Tokenization