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Huobi Ventures Sets Up $10M GameFi Fund
The crypto exchange’s VC affiliate wants in on the “play-to-earn” hype.
Updated May 11, 2023, 7:00 p.m. Published Sep 14, 2021, 12:00 p.m.
Huobi Ventures, the investment arm of Huobi Group, is setting up a $10 million fund to invest in early-stage projects at the intersection of gaming and decentralized finance (DeFi), or GameFi, said a company press release shared with CoinDesk.
- The venture capital arm also launched a $100 million DeFi fund in May.
- Axie Infinity, a play-to-earn blockchain game has captured both headlines and markets in recent months. It is currently one of the top two non-fungible token (NFT) collections by trading volume, according to DapRradar.
- Apart from money, the GameFi will offer selected projects support in marketing, public relations, financial and legal advice, technical support for deployment on Huobi Eco Chain and commercial assistance. Some of the projects could get a “special channel” to list their tokens.
- Huobi Group is the conglomerate behind crypto exchange Huobi Global, one of the world’s top crypto exchanges by volume.
Read more: Some Filipino Merchants Prefer Payment in Axie’s SLP
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Tom Lee urges BitMine shareholders to approve share increase ahead of January 14 vote
The chairman of the former bitcoin miner-turned-ether treasury firm reiterated his view that Ethereum is the future of finance.
Ano ang dapat malaman:
- Tom Lee, chairman of Bitmine Immersion (BMNR), urged shareholders to approve an increase in the company's authorized share count from 500 million to 50 billion.
- Lee assured shareholders that the increase is not intended to dilute shares, but instead to enable capital raising, dealmaking, and future share splits.
- Shareholders have until January 14 to vote on the proposal, with the annual meeting scheduled for January 15 in Las Vegas.
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