News

Jinse Finance reported, according to Fortune magazine, that crypto venture capital firm Ethereal Ventures has made its first public announcement nearly five years after its founding. The VC was co-founded in 2021 by Min Teo and Ethereum co-founder Joe Lubin, and its two funds have a total size of approximately $150 million. So far, it has invested in over 80 early-stage projects including EigenLayer. It is reported that the DPI (Distributed to Paid-In capital) performance of Ethereal Ventures' first fund has been relatively strong, while less than a quarter of the second fund's capital has been deployed, meaning it still retains ample "dry powder".

1. SCVentures, a venture capital arm of Standard Chartered Bank, invests in crypto market maker GSR, with a valuation exceeding 1 billion USD; 2. US stock market closed with overall gains in crypto concept stocks, CRCL up more than 19.89%; 3. Ethena has opened claims for its fifth season airdrop; 4. Compound Foundation: Trading in the Comet markets for WETH and wstETH has resumed; 5. Polymarket VP of Engineering: Proportion of “ghost trades” dropped from a peak of 30% to 0.17%; 6. Eugene: Bitcoin reaching 80,000 USD is a key signal for recovering the range, and if it stabilizes, may attract speculative funds back; 7. An account with losses over 2.8 million USD purchased 103,000 USD NBA Western Conference Playoff Semifinals Game 1 bet: Spurs win against Timberwolves by spread; 8. Telegram founder: TON transaction fees reduced sixfold, Telegram will become the largest validator; 9. Aave has submitted an emergency motion requesting the cancellation of the asset freeze notice issued to ArbitrumDAO.

1. On Tuesday, spot gold rose by 0.3% to $4,538.68 per ounce, rebounding from a five-week low reached in the previous trading session, but gains were limited. The US and Iran continued to engage in the Strait of Hormuz, oil prices remained high, intensifying inflation concerns. Rising US Treasury yields and a stronger US dollar suppressed gold prices.2. On Monday, the US military destroyed six Iranian boats and intercepted missiles and drones in an attempt to open up strait shipping routes. The stronger dollar makes dollar-denominated gold more expensive for holders of other currencies.3. Traders have basically ruled out the possibility of a US rate cut this year. The market now puts the probability of a rate hike by March 2027 at 37% (compared to 27% for a rate cut a week ago). Investors are awaiting key data this week including US job openings, the ADP employment report, and non-farm payrolls reports.