HashKey Capital's $100M Digital Asset Fund to Invest Significantly in Altcoins: Reuters

Digital assets financial services firm HashKey Capital's Hong Kong-regulated fund will allocate a significant portion of its assets to altcoins, diversifying from bitcoin and ether, in order to attract investment from high-net-worth individuals and investment firms serving wealthy Asian families.

coindesk.com

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8/24/2023

Crypto VC inflows drop further as macro factors weigh on investments

In July, capital inflows from venture capitalists in the crypto sector decreased by 10.26%, with $700 million raised, as macroeconomic conditions and geopolitical events continued to impact investment decisions, although some notable outliers, such as Polychain Capital and CoinFund, launched new funds totaling millions of dollars, and the potential approval of spot Bitcoin exchange-traded funds (ETFs) in the U.S. could bring renewed attention and capital into the industry. Infrastructure and Web3 sectors received the most capital inflows, while overall investor activity in the blockchain industry remained low, suggesting a slow return to a steady upward trend.

8/24/2023

Bitcoin miner gets life in prison, China offers bounties for crypto firms: Asia Express

A Hong Kong crypto exchange, HashKey, will begin retail trading on August 28, allowing residents to invest up to 30% of their net worth into cryptocurrencies with a warning if the limit is exceeded; meanwhile, China is cracking down on private blockchain firms, arresting crypto executives and seizing assets, and the FBI has traced down $41 million in Bitcoin stolen by North Korean hackers from various projects.

8/27/2023

Ethereum Price Prediction: $ETH Slips Under $1,700; Yet Whales Favor $XRP, $ROE, and $FIL

Investors are turning their attention to altcoins like $ROE from Borroe, which harnesses AI and blockchain technology, offers a range of features, and has a deflationary token with potential for capital appreciation. Meanwhile, Ripple's $XRP and Filecoin's $FIL are gaining momentum, and Ethereum's price volatility may be mitigated by the potential approval of Ether futures ETFs by the US SEC.

8/31/2023

Thailand’s national airdrop, Delio users screwed, Vietnam top crypto country: Asia Express

Thailand plans to allocate $16 billion in its budget for a crypto universal basic income scheme, while Binance Japan aims to list 100 digital assets, and Delio users' holdings have been reduced by half.

9/6/2023

Why Wealth Managers Are Choosing These Crypto Accounts

Wealth managers are facing increasing client interest in investing in cryptocurrencies, but many are unaware of the available investment vehicles; however, separately managed accounts (SMAs) are emerging as the preferred choice due to advantages such as tax optimization, direct ownership, professional management, and reporting integration.

9/22/2023

CoinShares Launches US Hedge Fund Arm Amid Volatile Crypto Market

Crypto asset manager CoinShares plans to establish a hedge fund unit for qualified US investors in order to provide institutional investors with actively managed exposure to digital assets outside of Europe due to the changing macro environment marked by interest rates and inflation.

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Posted 9/1/2023, 9:15:00 AM

HashKey Capital's $100M Digital Asset Fund to Invest Significantly in Altcoins: Reuters

coindesk.com

Relevant topic timeline:

8/24/2023

Crypto VC inflows drop further as macro factors weigh on investments

8/24/2023

Bitcoin miner gets life in prison, China offers bounties for crypto firms: Asia Express

8/27/2023

Ethereum Price Prediction: $ETH Slips Under $1,700; Yet Whales Favor $XRP, $ROE, and $FIL

8/31/2023

Thailand’s national airdrop, Delio users screwed, Vietnam top crypto country: Asia Express

9/6/2023

Why Wealth Managers Are Choosing These Crypto Accounts

9/22/2023

CoinShares Launches US Hedge Fund Arm Amid Volatile Crypto Market