News
Paradigm is in the process of raising between $750 million to $850 million for a new fund. This comes after the firm raised a $2.5 billion fund in 2021. Paradigm has contemplated diversifying its focus from crypto to broader sectors like AI, following significant losses from its investment in FTX. Link
In March, the monthly spot volume on centralised crypto exchanges more than doubled compared to February, surpassing almost $2.5 trillion for the first time since November 2021. Link
The SEC requested public comment on three proposed ETFs - the Fidelity Ethereum Fund, Grayscale Ethereum Trust and Bitwise Ethereum Trust - on Tuesday. However, optimism regarding the SEC approving these products has waned, with Bloomberg analysts suggesting that the lack of communication from the SEC is not a positive sign. Link
Projects
Aave - The Aave Chan Initiative introduced an ARFC proposal aimed at reducing potential risks linked to the DAI stablecoin issuance policy. It highlighted concerns about the uncertain governance decisions of MakerDAO, which could impact the risk profile of DAI as collateral. Link
Lido - A flaw in Lido's Solana protocol code is causing withdrawal issues, leaving over 31,000 wallets containing stSOL, worth $24 million, in a state of limbo. Despite Lido discontinuing its Solana protocol and removing its web interface in February, the protocol continues to hold significant assets. Link
Wormhole - Has unveiled its token roadmap. Initially, the token, W, will be introduced as a native SPL token on Solana. Subsequently, W will broaden its presence to all Wormhole-connected EVM chains through Wormhole Native Token Transfers. Holders of W will have the capability to lock and delegate their tokens on both Solana and EVM chains. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
News
Paradigm is in the process of raising between $750 million to $850 million for a new fund. This comes after the firm raised a $2.5 billion fund in 2021. Paradigm has contemplated diversifying its focus from crypto to broader sectors like AI, following significant losses from its investment in FTX. Link
In March, the monthly spot volume on centralised crypto exchanges more than doubled compared to February, surpassing almost $2.5 trillion for the first time since November 2021. Link
The SEC requested public comment on three proposed ETFs - the Fidelity Ethereum Fund, Grayscale Ethereum Trust and Bitwise Ethereum Trust - on Tuesday. However, optimism regarding the SEC approving these products has waned, with Bloomberg analysts suggesting that the lack of communication from the SEC is not a positive sign. Link
Projects
Aave - The Aave Chan Initiative introduced an ARFC proposal aimed at reducing potential risks linked to the DAI stablecoin issuance policy. It highlighted concerns about the uncertain governance decisions of MakerDAO, which could impact the risk profile of DAI as collateral. Link
Lido - A flaw in Lido's Solana protocol code is causing withdrawal issues, leaving over 31,000 wallets containing stSOL, worth $24 million, in a state of limbo. Despite Lido discontinuing its Solana protocol and removing its web interface in February, the protocol continues to hold significant assets. Link
Wormhole - Has unveiled its token roadmap. Initially, the token, W, will be introduced as a native SPL token on Solana. Subsequently, W will broaden its presence to all Wormhole-connected EVM chains through Wormhole Native Token Transfers. Holders of W will have the capability to lock and delegate their tokens on both Solana and EVM chains. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
News
Paradigm is in the process of raising between $750 million to $850 million for a new fund. This comes after the firm raised a $2.5 billion fund in 2021. Paradigm has contemplated diversifying its focus from crypto to broader sectors like AI, following significant losses from its investment in FTX. Link
In March, the monthly spot volume on centralised crypto exchanges more than doubled compared to February, surpassing almost $2.5 trillion for the first time since November 2021. Link
The SEC requested public comment on three proposed ETFs - the Fidelity Ethereum Fund, Grayscale Ethereum Trust and Bitwise Ethereum Trust - on Tuesday. However, optimism regarding the SEC approving these products has waned, with Bloomberg analysts suggesting that the lack of communication from the SEC is not a positive sign. Link
Projects
Aave - The Aave Chan Initiative introduced an ARFC proposal aimed at reducing potential risks linked to the DAI stablecoin issuance policy. It highlighted concerns about the uncertain governance decisions of MakerDAO, which could impact the risk profile of DAI as collateral. Link
Lido - A flaw in Lido's Solana protocol code is causing withdrawal issues, leaving over 31,000 wallets containing stSOL, worth $24 million, in a state of limbo. Despite Lido discontinuing its Solana protocol and removing its web interface in February, the protocol continues to hold significant assets. Link
Wormhole - Has unveiled its token roadmap. Initially, the token, W, will be introduced as a native SPL token on Solana. Subsequently, W will broaden its presence to all Wormhole-connected EVM chains through Wormhole Native Token Transfers. Holders of W will have the capability to lock and delegate their tokens on both Solana and EVM chains. Link
