Welcome to our institutional newsletter, Crypto Long & Short. This week: Alex Tapscott on the stalling of the CLARITY Act and how it’s impacting the average American consumer. Aisha Hunt writes that crypto will grow by upgrading Wall Street’s trusted products rather than replacing them. Top headlines institutions should pay attention to by Helene Braun
Silicon Valley-based cryptocurrency venture capital firm Variant has completed fundraising for a new $222 million fund, designated Variant 4, with a strategic focus on early-stage investments at the intersection of artificial intelligence and blockchain technology. The news was first reported by Fortune. Fund Details and Investment Strategy Variant 4 marks the firm’s latest capital raise
MicroStrategy sold 32 Bitcoin ($BTC) between May 26 and May 31 to help fund dividends on its preferred stock, its first such sale since 2022. Now, its STRC shares are trading below their $100 par value. The sale was small next to the 843,706 $BTC the company holds. Still, it raised a sharper question for
India’s crypto industry continues to await regulatory clarity and tax reforms. In an interview with Coinpedia, Nischal Shetty shared his views on the country’s crypto tax structure, the impact of the 1% TDS, stablecoin adoption, tokenized real-world assets (RWAs), and the future of crypto regulation in India. Nischal Shetty Wants TDS Reduced or Removed Shetty
Julian Sawyer, CEO of Zodia Custody, described Standard Chartered’s ongoing acquisition of the firm as a “major validation” that highlights a growing reality in mainstream finance: legacy banks cannot build institutional-grade digital asset custody safely or efficiently without proper software. Instead of treating crypto as an isolated sector, Sawyer noted that the industry is hitting
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 1862.4, down 0.6% (-11.0) since 4 p.m. ET on Tuesday. Fifteen of the 20 assets are trading higher. Leaders: NEAR (+15.1%) and XLM (+5.7%). Laggards: BCH (-10.7%) and BNB
Kraken’s parent company is bringing one of Wall Street’s most coveted opportunities to crypto investors: buying into IPOs at the same price as institutional investors. Payward, the parent company of the crypto exchange, said Wednesday it will “soon” allow customers of Kraken and other members of its xStocks Alliance to participate in U.S.-listed initial public
Yoshitaka Kitao, CEO of Japanese financial giant SBI Holdings, has attributed the sluggish price action to a massive capital rotation. According to Kitao, who recently weighed in on the current market downturn on the X social media network, institutional investors are raising cash and liquidating digital asset positions to prepare for a wave of blockbuster
NewLimit, a longevity biotech startup co-founded by Coinbase CEO Brian Armstrong, has raised $435 million in Series C funding to move its first age-reprogramming medicine toward human trials. NewLimit Secures $435M Series C NewLimit announced the funding round on June 2, saying Founders Fund led the raise. New investors Thrive Capital, Greenoaks and Quiet Capital
Investor outflows from US-based spot Bitcoin and spot Ethereum ETFs continue unabated. On June 2nd, a net outflow of $519.23 million was recorded from US spot Bitcoin ETFs. This marked the 12th consecutive day of net outflows from Bitcoin ETFs. According to the data, the total capital withdrawn from spot Bitcoin ETFs in the last