Search Results for: INCE Capital

“VC funding for crypto startups has dropped to a three-year low, with a significant shift towards early-stage ventures. Despite challenging market conditions causing a lean funding period, strategic financing rounds have risen. The U.S leads with 54% of all active VC investors.”

Bitfinex reveals that $55 billion left the crypto market in August, affecting Bitcoin, Ethereum, and various stablecoins. This exit came amid Bitcoin marking its largest ‘red monthly candle’ since November of last year, corresponding to an 11.29% price drop. The report also highlights a resurgence of ‘event-based volatility,’ demonstrated by significant market shifts tied to particular events.

“Malaysia has introduced a new player to its crypto fund management landscape, Halogen Capital. Offering investment portfolios accommodating both retail and institutional investors, Halogen is the first crypto fund provider regulated by the Securities Commission Malaysia, suggesting potential investor protection in the burgeoning cryptocurrency market.”

“Venture capital titan, Sequoia Capital, has notably reduced its cryptocurrency fund by over 65%, from $585 million to $200 million, amidst a fluctuating crypto market. The company’s strategic shift involves focusing on nascent start-ups rather than investing in larger firms. This comes as the firm, and other venture capitalists, retract their crypto investments amid turbulent market conditions.”

“Shima Capital founder, Yida Gao observes the cryptocurrency market’s analogy to a barbell, with infrastructure deals and consumer apps like gaming on either end. Although concerning for some, established crypto funds and market-valuation volatility propelled Shima to invest early in Web3 companies’ lifecycle stages, hence proving to be a safe haven.”

Amid the bearish market of 2022, the Chinese government claimed Bitcoin was heading to zero. However, Bitcoin has since experienced a 36% increase in value, disproving their predictions. Despite market fluctuations and regulatory challenges, the cryptocurrency’s resilience demonstrates the uncertainty of predicting its future trajectory.

The founders of Three Arrows Capital, a collapsed $4 billion cryptocurrency hedge fund, face ongoing efforts to recover $3 billion owed to creditors while enjoying life in Bali. Their luxurious lifestyle sparks debate on the lack of consequences for individuals behind significant market disruptions, prompting the industry to reevaluate power balance and instill trust in the crypto community.

Polychain Capital is reportedly liquidating its $6 million ROOK token position via DeFi exchanges, rather than utilizing the anticipated arbitrage play. This decision by the prominent crypto hedge fund has sparked speculation about the reasons behind the move and its implications for the ROOK token community.

Bitcoin and Ether prices experienced slight drops while meme coins like PEPE sparked market sentiment shifts. The surge of Ordinals pose challenges like network congestion but offer mining incentives, balancing out with Layer-2 and sidechain solutions.

Despite market trends, the crypto and blockchain sector continues to attract significant investments, particularly in fields like blockchain analytics, gaming, and crypto privacy. Venture capitalists are supporting promising startups like Bubblemaps, CoinScan, Hinkal Protocol, and Mythic Protocol, each bringing unique value to the industry. Market volatility remains a concern yet growth and adoption Momentum persists.

“This study suggests that Bitcoin’s impressive rally may be in jeopardy, based on uncertain on-chain transaction data. The volatile recovery, influenced by market sentiment, macroeconomic and geopolitical issues, dims optimism for steady price increases. However, volatility may also indicate potential growth opportunities despite underlying risks.”

“Polygon (MATIC) faces potential downward spiral following a 6% drop and the exit of co-founder Jaynti Kanani. Meanwhile, Meme Kombat, a new meme coin with an innovative stake-to-mine system, disrupts the crypto field, signaling the adaptiveness typical of the evolving digital economy.”

PEPE, a popular meme coin, has seen significant losses recently, with its value plunging by 84% compared to its record-high price. While certain indicators suggest a potential uplift, the coin’s volatility and weak fundamentals may deter retail traders. Alternative meme coins like Meme Kombat (MK), which has raised over $425,000 in pre-sale and offers options for passive income, might attract investors.

“Binance’s $1B cryptocurrency recovery fund, the Industry Recovery Initiative (IRI), has reportedly invested only an estimated $30M since its inception, despite large capital commitment. With growing regulatory concerns, unused funds were moved to Binance’s corporate treasury, raising questions about the effectiveness of such recovery initiatives in the evolving blockchain industry.”

“Bitcoin’s dominance over other altcoins has reached a three-month high, resulting in uncertainty for altcoins and potential short opportunities for traders. Experts suggest that Bitcoin could climb towards $35,000-$40,000 if it breaches the $28,000 barrier. However, market stability remains relative, with every investment carrying a degree of risk.”

“Tezos (XTZ) experienced a surge of over 11% in a single day, linked more to technical factors rather than fundamental ones. However, the Tezos blockchain’s stagnant TVL (Trade Value Locked) and declining monthly transactions cloud its future prospects. Crypto presales, despite inherent risks, could offer high-risk-high-reward strategies.”

The escalating situation between Israel and Palestine has impacted crypto values, with Ether and Bitcoin experiencing significant declines. An anticipated shift of attention towards economic indicators could further affect these values. Concerns about these risks have led traders towards minor digital currencies and meme coins, albeit extremely risky endeavors. Crypto remains a high-risk asset, and investors must remember the potential for loss.

The digital asset market recently observed a significant increase, with product inflows reaching $78 million, marking the highest rise since July. A surge was also seen in exchange-traded products, growing 37% in a week. Bitcoin experienced a notable boost, while Ethereum’s growth remains slower. Surprisingly, altcoin Solana recorded substantial outflows, yet maintains popularity. Interestingly, a majority of last week’s inflows originated from Europe due to its clearer regulatory framework.

“Cryptocurrency investment products recorded two weeks of significant inflows, with last week totaling a robust $78 million. Crypto Exchange-Traded Products (ETPs) grew by 37%, reaching $1.1 billion. Europe shouldered 90% of crypto asset inflows, as investor appetite remained varied between different products and regions.”

Dogecoin (DOGE) has seen a 14% dip in prices since the start of the year, with its 30-day EMA lingering beneath its 200-day average, indicating a period of decline. Although its community remains hopeful for integration into cryptocurrency payment by a former Twitter-owned company, speculation about future spikes in value remains uncertain. Meanwhile, potential investors are exploring other coins with tangible use-cases, such as TG.Casino’s native TGC token.

XRP, the cryptocurrency standing at rank #5 based on the CoinMarketCap, is prompting speculation of bouncing back as its trading volume surpasses the $500 million mark daily, with its price at $0.52255. Despite appearing bearish, the technical indicators hint at a likely bullish trend continuation at the $0.5200 marker.