Funds

Funds

Finance

Accelerate Financial Launches NFT Fund, Sees Prices Bottoming

The fund will own a mix of NFT collections, including CryptoPunks and Bored Ape Yacht Club.

Mutant NFT with Accelerate Financial logo (Accelerate Financial Technologies Inc.)

Markets

CoinShares Report Shows Major Outflows From Bitcoin Short Funds

Digital-asset investment products see $39 million in outflows last week, with total assets under management reaching lowest level since February 2021.

Chart of weekly crypto fund flows (CoinShares)

Finance

DeFi Moves Into Real Estate With Tower Fund and Teller Protocol Partnership

The timing for fully transparent DeFi opportunities couldn’t be better, according to Teller CEO Ryan Berkun.

Teller Protocol hopes to bring DeFi to commercial real estate projects such as multifamily buildings. (Dan Reynolds Photography/Getty Images)

Finance

NFT Platform Immutable Launches $500M Venture Fund for Web3 Games

Immutable Ventures will work with groups including Animoca and GameStop.

(Getty Images)

Markets

Market Wrap: Bitcoin Tumbles Most in 1 Year as Crypto Cracks Appear

Bitcoin slumped to about $23,000 when the Celsius withdrawal halt combined with a sell-off in traditional markets to sour trader spirits.

Bitcoin's price is no longer clinging to the $30K zone. (CoinDesk)

Policy

Ukraine to Use NFTs to Save Its Cultural ‘DNA’ Amid Russian Invasion

"Right now, museums and cultural sites are being destroyed by rockets," said the President of the Blockchain Association of Ukraine

Blockchain Association of Ukraine President Mike Chobanian, NEAR Protocol co-founder Illia Polusukhin, crypto advisor to Ukraine Brittany Kaiser and Ukrainian Minister of Digital Transformation Alex Bornyakov at Consensus 2022 (Amitoj Singh/CoinDesk)

Finance

Arrington Capital Launches $100M Growth Fund for Moonbeam Ecosystem

The fund, in partnership with the Moonbeam Foundation, will back new projects and protocols on the EVM-compatible Polkadot parachain.

Michael Arrington, founder of the TechCrunch blog.

Markets

Bitcoin Funds Rake In New Money as Altcoin Funds Suffer

Funds that manage BTC pulled in some $126 million last week, more than all other digital-asset funds combined, a CoinShares report shows.

Bitcoin funds outperformed other digital-asset funds in raking in new money last week. (CoinShares)

Finance

Canonical Crypto Launches $20M Inaugural Fund Backed by Marc Andreessen, Chris Dixon

The early-stage fund will invest in infrastructure projects for blockchain developers.

Canonical Crypto founder Anand Iyer (Canonical Crypto)

Finance

UK Crypto Hedge Fund Weathers Market Storm With Arbitrage Strategy

Nickel Digital Asset Management’s arbitrage fund is only down about 0.6% this year, compared to bitcoin’s drop of roughly 40% and the Nasdaq’s dip of 24%.

(Shutterstock)