The venture capital of crypto and blockchain returned to the second quarter, the startups collected $ 10 billion combined during the period.
For the venture capital company Ego Death Capital, however, it is Bitcoin (BTC) – not wider by crypto – which will stimulate the future of secure decentralized finance. Earlier this week, the company announced a new 100 million dollars fund dedicated to investment in Bitcoin companies at the start of the stadium.
Meanwhile, Robinhood doubles his tokenization efforts, even if European regulators examine his so-called “investment capital” offers. Although Robinhood has long been active in digital assets, its deeper commitment to space has helped to propel its stock to peaks of all time.
Crypto biz of this week explores the venture capital focused on Bitcoin, the ambitions of tokenization of Robinhood, the acquisition of Corewave of Core Scientific and the former CEO of Binance, Changpeng Zhao, for having called questionable announcements.
Ego Death Capital targets Bitcoin startups
The venture capital company Ego Death Capital has raised $ 100 million from family offices and other investors to support Bitcoin startups, calling BTC “The only decentralized and secure base […] To build.
The company has already invested in Bitcoin -based exchanges, payment rails and savings platforms, and now targets additional companies generating between $ 1 and $ 3 million in annual income.
The launch of a venture capital fund only Bitcoin arrives at a timely time, because the institutional interest in Bitcoin increases thanks to the availability of American spot ETF and to a growing trend of companies adding the BTC to their corporate treasury bills.
Following the example of the strategy, dozens of companies added Bitcoin to their balance sheets this year. However, not everyone is convinced that this is a long -term viable commercial strategy, especially for “serious niche” companies, according to James Check from Glassnode.
Robinhood’s actions are increasing on the push of tokenization, but regulators have questions
Robinhood’s actions have suddenly joined since the company unveiled its blockchain focused on tokenization, which aims to offer more than 200 American and ETF shares to European investors.
However, European regulators examine the company’s “capital-investment tokens”, in particular those linked to Openai and SpaceX. The Lithuania Bank said that it “awaits clarifications” concerning these offers after Openai said that the product did not really provide investment capital in the company.
The CEO of Robinhood, Vlad Tenev, explained that these tokens do not technically represent equity in underlying companies but give an indirect exposure to investors. Despite regulatory issues, Tenev said several private companies had already approached Robinhood as to the launch of similar products.
Coreweave acquires Core Scientific in All-Stock Deal
After more than a year since its initial buy-back proposal, Coreweave has finalized an agreement to acquire Bitcoin Miner Core Scientific in an All-Stock transaction worth $ 9 billion. The acquisition will extend the capacity of the Corewave Data Center because it aims to become a leader in AI and High Performance IT (HPC).
“Thanks to this acquisition, Coreweave will hold approximately 1.3 GW of raw power through the imprint of the National Core Scientific Data Center with a 1 GW + of potential gross power,” said the company.
However, the acquisition of a Bitcoin minor does not necessarily point out Coreweave’s return to the cryptography market. According to the announcement, Coreweave plans to reuse the assets of Core Scientific for HPC, which could include the disinvestment of its crypto extraction operations.
“Is it real?” CZ questions the announcement of the gold visa of the water of your
Last weekend, the Open Network (Ton) announced a new water immigration program that would grant users a gold visa at 10 years if they recruit $ 100,000 in coins and pay for treatment costs of $ 35,000. However, for Changpeng “CZ” Zhao, the announcement immediately raised red flags.
“Is it real?” CZ asked on social networks, stressing that there was no official statement from the government supporting the complaint.
Less than a day later, water regulators published a joint declaration refusing reports that gold visas are available through digital asset activities, confirming CZ intuition to “trust but check”.
The TON Foundation then said that the Golden Visa program is “developed independently” and has no official government support.
Crypto Biz is your weekly impulse on the company behind the blockchain and the crypto, delivered directly to your reception box every Thursday.
