Iran-Israel conflict, negative funding rates triggered $860m crypto sell-off

On Fridays, the cryptocurrency market experienced significant sell-offs instigated mainly by growing apprehensions over potential clashes between Iran and Israel, as reported by QCP Capital. Over the years, turmoil in international politics has typically caused investors to shy away from volatile assets such as cryptocurrencies and instead opt for safer investments that offer more stability. … Read more

Five Arrows buys private equity-backed Rimes

EQT AB, a private equity firm, has reached an agreement to transfer ownership of Rimes Technologies to Five Arrows, the alternate investment arm of Rothschild & Co. EQT, in making this announcement, reveals that they and their partners are transferring ownership of Rimes to Five Arrows Long Term Fund (FALT) and Five Arrows Principal Investments … Read more

Bitcoin layer-2 network Mezo raises $21m in Pantera-led funding round

A Bitcoin (BTC) secondary network named Mezo has come out of the shadows, having secured $21 million in investment funds. Pantera Capital took the lead in funding this round, with participation from Multicoin, Hack VC, ParaFi Capital, Nascent, Draper Associates, Primitive Ventures, and Asymmetric Ventures. Several individual investors, among them Dan Held, Tim Draper, and … Read more

Edward Snowden is not worried about Bitcoin prices dropping

After yesterdays shocking $900 million loss in the crypto market, causing alarm on social media, Edward Snowden appears calm and unfazed. Approximately 5% is the amount by which the total cryptocurrency market value has decreased compared to the previous day. Meanwhile, the meme coin sector has experienced a more significant drop, down by around 13%. … Read more