SEC postpones Valkyrie BTC ETF decision / Blockchain Capital V raises $300M / Fresh Funding

Plus: MLB announces an official partnership with FTX

Inside.com Part of   Network June 23, 2021

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The global crypto market cap is $1.33T 0.74%▲ with a 24-hour market volume of $106.52B 29.56%▼. Bitcoin's dominance is currently 46.87% 0.34%▼. CURRENT PRICES BY MARKET CAP # Name Price 24h % 1 Bitcoin BTC $33,303.44 1.11% ▲ 2 Ethereum ETH $1,948.91 0.66% ▲ 3 Binance Coin BNB $286.94 5.46% ▲ 4 Cardano ADA $1.22 0.74% ▲ 5 XRP XRP $0.6172 5.47% ▲ *Prices as of 3:00 p.m. ET.

The SEC postponed its decision on Valkyrie Digital Assets’ BTC ETF. The SEC stated that another 45 days would be necessary to decide on allowing a crypto ETF on the NYSE. More: Last week, the SEC postponed a decision on VanEck’s ETF, citing the need for additional comments on bitcoin’s resistance to fraud and manipulation. The SEC additionally postponed a decision on the WisdomTree bitcoin ETF at the beginning of this month. No comment has been made regarding the remaining five bitcoin ETF applications from Fidelity, Galaxy, NYDIG, Krypton, and First Advisors and SkyBridge Capital.

Blockchain Capital’s Blockchain Capital V, LP raised $300M. The blockchain venture capital fund received investments from PayPal, Visa, major university endowments, and family offices. More: The funding round was greatly oversubscribed within the $300M hard cap. Funding will be distributed primarily to blockchain infrastructure, DeFi, NFTs, and emerging blockchain applications. Blockchain Capital was the first venture capital firm to focus entirely on distributed ledger technologies and cryptocurrencies.

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▲ TOP GAINERS # Name Price 24h % 1 BakeryToken BAKE $2.34 16.42% ▲ 2 Dogecoin DOGE $0.2216 13.12% ▲ 3 Basic Attention Token BAT $0.554 11.42% ▲ 4 Klayton KLAY $0.9003 9.96% ▲ 5 Celo CELO $2.13 9.59%▲ ▼  TOP LOSERS  # Name Price 24h % 1 VeChain VET $0.07337 7.24%▼ 2 Kusama KSM $195.85 6.33%▼ 3 SushiSwap SUSHI $6.90 6.21%▼ 4 Chiliz CHZ $0.2316 5.13%▼ 5 Telcoin TEL $0.02309 4.40%▼ *Limited to cryptocurrencies in the Top 100. Prices as of 3:00 p.m. ET.

🍋Fresh Funding🍋 Kaiko, Crypto Market Data: $24M. The Series A funding round was led by Anthemis and Underscore VC, with participation from Point Nine, Alven, and Hashkey Capital. More: As part of the deal, Anthemis founder Sean Park will join Kaiko’s board. Kaiko plans to use the fresh funding to expand into North America and Asia ahead of its launch of Kaiko Stream. Kaiko Stream provides institutional market participants with crypto data feeds. Yield, DeFi/Bonds: $10M. The funding round was led by Paradigm, with participation from Framework, Symbolic Capital Partners, and CMS Holdings. More: Yield is a provider of fixed-rate lending in the Ethereum ecosystem that lets users borrow at fixed rates and issue tokenized bonds. The fresh funding will be used to expand Yield’s team and complete its work on a v2 of the protocol. Yield intends to transition into a community-managed DAO once legislative clarity can be provided for DAOs.

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QUICK HITS Are you tired of trying to keep up with the day-to-day movements of stocks? Ditch day trading and see what long-term investors are using. * Major League Baseball announced an official, 5-year partnership with FTX.  SEC’s Hester Peirce argued against an enforcement-based approach for ICOs and DeFi services during a recent virtual interview. John McAfee will be extradited to the U.S. for alleged tax evasion related to $23M in income from promoting seven ICOs. Elon Musk and the Dogecoin development team are working on getting an upgrade proposal adopted that would reduce Dogecoin fees from 1 DOGE to 0.1 DOGE. The Bank of Israel announced plans to use the Ethereum blockchain for its upcoming digital shekel test. Bitcoin mining rig manufacturer Canaan announced plans to begin bitcoin mining operations in Kazakhstan. China’s Alipay announced the sale of NFTs on its private AntChain blockchain. Forget trackers. The Apollo Neuro wearable actually helps you stress less and sleep more. Save 10% today. * * Sponsored Content

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Griffin McShane is a J.D. candidate currently living in Portland, Maine. He is a graduate of Providence College, where he studied both computer science and business. Griffin aspires one day to go to the moon and bring some of his altcoins along for the ride. Editor Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford.

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