Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
- One River Asset Management, a USD 2.5bn firm whose crypto funds are backed by hedge fund titan Alan Howard, brought on former US Securities and Exchange Commission (SEC) Chairman Jay Clayton as an adviser, Bloomberg reported. “I see a wide range of outcomes for digital assets that include strong government regulation, domestically and globally,” Clayton was quoted as saying. “The time frame is uncertain, but I expect there will be international coordination if not international consensus around digital assets.”
- Peter Großkopf, Chief Technical Officer and Member of the Management Board of Boerse Stuttgart Digital Exchange GmbH, will leave the company at his own request at the end of March 2021, said an emailed press release. Having built up Boerse Stuttgart Digital Exchange (BSDEX) as the first multilateral trading venue for digital assets in Germany, Großkopf decided to return to entrepreneurial activities as the founder of a new company in the field of DeFi, they added.
- Crypto venture firm Dragonfly Capital has launched Dragonfly Fund II, a USD 225m venture fund, to “back the next generation of crypto entrepreneurs and projects,” they said. The new fund will mainly invest in four areas: DeFi protocols; NFT projects; Ethereum (ETH) Layer 2 solutions and businesses built on top of them; and centralized financial (CeFi) infrastructure. Sequoia China backed the fund as a strategic limited partner, while other partners include OKEx, Huobi, Bybit, and Bitmain.
- The Miami Heat’s home court will become the FTX Arena after the 19-year, USD 135m deal was approved by Miami-Dade commissioners on Friday, clearing the way for the FTX crypto exchange to take the place of American Airlines as a leading sponsor in Florida sports, reported the Miami Herald. The plan was to put the FTX brand on the arena for the 2020-21 NBA season, which ends this summer.
- There has been a big rise in the number of people aged 20-39 making small-scale crypto investments in South Korean, reported EDaily. Citing research from the Big Data firm IGA Works, the media outlet wrote that around 60% of South Korea’s newest buyers are in their 20s and 30s, with unnamed traders quoted as stating that they prefer to invest “smaller amounts” of up to USD 100 in “bitcoin and top 10-by-market-cap altcoins” on a monthly basis.
- The Japanese football club Shibuya FC has launched a cryptoasset. In an official announcement from the Financie crowdfunding platform, the company which has teamed up with the club, which plays in the Prefectural Leagues, stated that the new token would be a “fan coin,” allowing holders to vote on club-related matters including the design of new posters, the club’s player of the season and the look of next season’s…