the daily degen 🦍(19Jul23)
handle.fi daily market update
market data
market news
blockchain-focused venture capital (VC) firm Polychain Capital has raised around $200 million in an initial close for its fourth crypto venture capital fund, Fortune reported citing a person familiar with the matter. Fortune said that Polychain still plans to raise $400 million in total for the fund, which matches the targeted amount in an April filing with the U.S. Securities and Exchange Commission for its Polychain Ventures IV (Parallel) LP fund. The filing shows that the fund had not raised any capital yet.
Arkham’s ‘dox-to-earn’ platform offers bounty on $415 Million FTX mystery. Arkham Intelligence’s so-called Intel Exchange went live on Monday and hosts a range of bounties for crypto sleuths to sink their teeth into. But its most prominent payout centers on $415 million swiped from FTX as Sam Bankman-Fried’s crypto exchange went under last November.
crypto custodian Prime Trust has been ordered by the Eighth Judicial District Court of Nevada, where the company has its headquarters, to be put into receivership after the state ordered the company to cease all activities amid a shortfall in customer funds and accusations that it used customer funds to meet withdrawal requests.
around the twitterverse…
trade ideas
trade: short EUR/ USD
EUR has been showing strength against USD similar to most pairs but it appears to have hit resistance. The trend remains positive but we could see a pullback now which is confluent with the DXY showing strength. The target would be 1.10 with a very tight invalidation.
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