Hedge Funds Just Want to Have Fun

Sponsor 🤝 Follow Us 🖤 Recent Articles 📰

Welcome to the Crypto Scroll. web3, defi, and crypto news in just one quick scroll. We do the homework so you don't have to.

You can check out our previous articles and please follow us on Twitter!

gm Scrollers,

Institutional Capital has already joined the race and now being accompanied by Hedge Funds! Plus: Grayscale adds a new CEO; Bitcoin touches $67k; OKX Ventures is active and hungry for venture investments; Pump.Fun exploiter is arrested.

Keep on Scrolling 🖤

• Over 50% of the largest 25 hedge funds held positions in spot Bitcoin ETFs at the end of March (CD)

• Grayscale announces new CEO Peter Mintzberg, formerly at Goldman Sachs (WG)

• Grayscale sees CEO Michael Sonnenshein resign (WG)

• DTCC partners with Chainlink and JPMorgan to pilot blockchain integration for fund data (K)

• Genesis to return $3B to customer in finalized bankruptcy wind-down (R)

• A list of breaking headlines from the last week in crypto, blockchain, and web3 (CPED)

• Bitcoin breaks $67k and Ether breaks $3,100 for a short period of time as they continue to uptrend

• Param Labs scores $7M from Animoca Brands (BLOCK)

• OKX announces investment into Pencils Protocol (PRN)

• Gainspad launches and ushers new era of web3 fundraising (TD)

• Magic Square launches fundraising platform for web3 projects (UT)

• OKX was the most active blockchain and web3 venture investor in Q1 with 31 investments (YF)

• VC Roundup: Tokenization and Infrastructure (CT)

Advertise Your Brand Here!

Get your name or project across 8,000+ readers by filling out the form below:

• Senate voted to repeal SEC rules on crypto (CS)

• Governor Sitt of Oklahoma signs legislation for self-custody rights to digital assets (BW)

• Hong Kong expands cross border payments with e-CNY wallets (CD)

• Kraken may remove Tether (USDT) from Europe operations due to regulatory issues (CT)

• Large market structure bill gets support from 60 crypto firms (BLOCK)

• Asia’s proactive approach to find clarity in crypto regulation (C.N)

• Pump.fun loses $2M in exploit (TD)

• Pump.Fun exploiter arrested by British enforcement (@therollupco)

• Binance develops algorithm to combat address poisoning scams (MR)

• Two arrested for $25M exploit on ETH validators (CG)

• Two arrested for laundering $73M in scheme (TB)

• Predy Finance experiences $500K exploit on Arbitrum (PF)

• Bitcoin L2 Alex loses $4.3M in suspicious upgrade (CBRF)

• Vitalik adresses ETH decentralization concerns (TB)

• Ethereum Funds see major $23M outflow due to unclear ETF future (CBRF)

• Degen Chain, a layer-3 solution, sees downtime surpass 2 full days to produce new block (BW)

• Morgan Stanley disclose $270M of BTC ETF holdings (TB)

• U.S. spot bitcoin ETF reverses to $1B weekly inflow (BLOCK)

• Solana restaking protocol Solayer soft-launches (BW)

• The number of new Bitcoin wallets hits lowest level since 2018 (BLOCK)

• COPA Court officially concludes Craig Wright is not Satoshi Nakamoto (CBRF)

• Will web3 complexity ever win over web2 (CS)

• What is driving users away from web3 (BPN)

• Layer 3s: The future of scalable solutions (BW)

• Asia is winning the push for web3 gaming (e27)

Sponsored Content: There is no sponsored content in today’s newsletter