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Scaramucci’s SkyBridge Planning New Fund for Web3, Crypto: Report
The news follows a report earlier this week that SkyBridge suspended withdrawals from another fund due to steep declines in stocks and cryptocurrencies.
By Brandy Betz
Updated May 11, 2023, 6:46 p.m. Published Jul 20, 2022, 8:53 p.m.
Anthony Scaramucci's SkyBridge Capital is planning a fund dedicated to Web3 and cryptocurrency investments, according to Business Insider sources.
- CoinDesk reached out to SkyBridge Capital, but a representative declined to comment.
- Scaramucci – who famously spent 11 days as communications director for former President Donald Trump – will reportedly launch the venture and growth equity-style fund to invest in Web3 financial technology companies and late-stage crypto companies. According to Business Insider, an official announcement is to come on Sept. 12 at SkyBridge's annual Salt conference.
- Bloomberg reported on Monday that SkyBridge had halted withdrawals from its $250 million Legion Strategies fund because stock and crypto price pullbacks shifted the investment balance, meaning a far higher proportion of holdings are now in harder-to-sell private investments. Among investors in Legion Strategies is FTX.
- SkyBridge and Scaramucci have historically focused on traditional hedge funds but made a big pivot into crypto alongside that sector's massive bull run.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
What to know:
- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
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