Robbie Petersen, a partner at the crypto-focused venture capital firm Dragonfly Capital, has departed the firm to join a16z Crypto, the digital assets arm of Silicon Valley heavyweight Andreessen Horowitz (a16z). The move marks another high-profile personnel shift within the increasingly competitive landscape of cryptocurrency venture investing. A Vote of Confidence in Blockchain Fundamentals In
A large, anonymous Bitcoin holder, identified by the wallet address beginning with bc1q2, has withdrawn an additional 618 Bitcoin from the cryptocurrency exchange OKX. The transaction, valued at approximately $38.02 million, was reported by the on-chain analytics platform Onchain Lens. Accumulation Continues This latest withdrawal brings the total holdings of this particular address to 2,341
Samsung Electronics has once again overtaken Bitcoin in global market capitalization, reclaiming the 13th position among the world’s most valuable assets, according to data from CompaniesMarketCap as of June 11. The shift reflects a broader divergence between the ongoing weakness in cryptocurrency markets and a sustained rally in South Korean semiconductor stocks, with Samsung Electronics
Euroclear, the world’s largest International Central Securities Depository (ICSD), is moving to tokenize the NEU CP market — Europe’s largest market for short-term commercial paper — using distributed ledger technology (DLT). The initiative is being developed in partnership with the Banque de France, the country’s central bank, marking a significant step in the institutional adoption
Decentralized satellite internet project SpaceCoin (SPACE) has initiated a proof of concept (PoC) with South African ICT firm BCX, a subsidiary of telecommunications group Telkom SA. The announcement, made on June 11, confirms that the collaboration aims to test satellite-based Internet of Things (IoT) connectivity and has received approval from South Africa’s communications regulator, ICASA.
South Korea retained its position as the world’s second-largest cryptocurrency market in the first quarter of 2024, with an estimated trading volume of $69 billion, according to a report from U.S. blockchain analytics firm TRM Labs. The data, cited by the Seoul Economic Daily on June 11, places the United States firmly in the lead
Swellchain (SWELL) has confirmed via its official X account that it will permanently shut down its native network on June 15. The decision follows an earlier announcement in April, in which the project revealed plans to discontinue its own blockchain infrastructure to concentrate resources on Faro, an artificial intelligence intelligence platform built on the Hyperliquid
Digital Asset, the development firm behind the Canton Network (CC) blockchain used by major banks and trading firms, said Thursday it closed a $355 million fundraising round to back its efforts to bring capital markets onchain. The investment was led by a16z, with the participation of global institutions including ABN Amro, Apollo Funds, BNP Paribas,
SpaceX (SPCX) shares will begin trading on Solana the same day the company is expected to list on Nasdaq, according to Sunrise, a tokenization infrastructure provider, and Backpack Securities, a regulated brokerage and crypto trading platform, which are launching a tokenized version of the stock called SPCX. The token, issued by Backpack, represents ownership of
At the time of publication, Bitcoin is trading at $62,557, below its power law fair value of $134,761 and beneath the lower band of $67,380. According to analyst Mark Harvey, Bitcoin has rarely deviated this far from the power law model. Each time it reached this level of undervaluation relative to the model, a significant