Digital Assets Report 37

Private equity firm 10T Holdings raised $750 million for its first fund to pursue investments in fast-growing cryptocurrency companies.

Hedge fund Brevan Howard Asset Management has found a new unit for the management of cryptocurrencies and digital assets that

Steve Cohen continues to expand his reach over the crypto market.

After filing for a crypto company focused ETF two days ago, SkyBridge announced it has raised $100 million toward a new Algorand fund.

Mastercard has agreed to acquire blockchain analytics start-up CipherTrace, in the latest sign of how major companies are warming to cryptocurrencies.

Rumors of insider trading at non-fungible token marketplace OpenSea are true, according to a statement from the start-up.

The Solana blockchain network was down for hours after seeing 400,000 transactions per second. The system has since been rebooted but it’s gonna be a while before applications and other systems based on Solana are back to full functionality. A surge in transactions caused the Ethereum-backed Arbitru…

Solana has reported “intermittent instability” issues for the second time in 12 days. Meanwhile, the Optimistic Rollup Arbitrum is also down.

What HappenedThe Bitcoin market experienced a high volaitility sell-off on the 7th ofSeptember, which caused 330′243 traders to be liquidated in 24 hours for a total $3.54 billion. The main driver of the sell-off was the flushing out of excessiveleverage in futures markets. After Bitcoin experi…

Bitcoin exchange reserves dip below bull run start levels with BTC price action targeting $46,000.

Financial news and actionable analysis

Major news outlets erroneously reported on Monday that Walmart planned to have a Litecoin payment option for its retail websites. The retailer has since denied this is the case.

The U.S. Securities and Exchange Commission has told Coinbase Global Inc <a href=“https://www.reuters.com/companies/COIN.O” target=“_blank”>(COIN.O)</a> that it plans to sue the cryptocurrency exchange if it goes ahead with plans to launch a programme allowing users to earn interest by lending digit…

The Republic of Panama introduced a bill regulating cryptocurrencies, aiming to make the country “compatible with the blockchain, crypto assets and the internet.”

Ukraine is the fifth country in as many weeks to lay down some ground rules for the crypto market, in a sign that governments believe bitcoin is here to stay.

“I don’t want to get involved in crypto if the regulator says it’s not OK. I can’t afford to be offside,” Kevin O’Leary said.

Bitcoin has progressed through several phases of differing usage over the past decade. What started as a peer-to-peer payment network soon transformed to

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