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12:53
Kuark Capital launches an Asia technology-themed hedge fund with a size of 400 million dollars
BlockBeats News, on May 19, according to Reuters, three sources revealed that a Hong Kong-based fund management company is planning to launch a new hedge fund to capitalize on investors' growing interest in Asian artificial intelligence stocks, with a focus on the China Taiwan and Japan markets. Kuark Capital, led by Kyle Su, has already raised at least 400 million US dollars prior to the official launch of the hedge fund. One of the sources stated that all three insiders requested anonymity as they were not authorized to speak to the media.
12:39
Pump.fun will introduce a USDC trading pair for the newly issued token on May 21st.
BlockBeats News, May 19th. The Solana-based token issuance platform Pump.fun will introduce a USDC trading pair for new token issuances on May 21st, marking a significant shift from its previous reliance on Solana. This update is expected to have a major impact on Solana's economic structure. Since its launch in January 2024, the platform has cumulatively locked in at least around 5.07 million SOL (approximately $4.3 billion) as tokens "graduate" into liquidity pools.
12:33
Strive Invests $30.3 Million to Increase Bitcoin Holdings to 382 Coins
BlockBeats News, May 19th, Strive CEO Matt Cole revealed on social media that he increased his position by approximately $30.3 million to acquire 382 bitcoins, with an average purchase price of around $79,348 per BTC, bringing his total bitcoin holdings to 15,391 coins.
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