FUNToken(FUN)

Low-budget Argentinian carrier, Flybondi has started issuing all its flight tickets as NFTs on the Algorand blockchain. NFTs For All Flybondi Flyers Along with other industries, Web3 is hitting the skies too. Argentinian airlines Flybondi has partnered with NFT ticketing company TravelX to integrate Web3 into its ticketing process in its latest Ticket 3.0 initiative. All Flybondi e-tickets are now issued as non-fungible tokens, and passengers will be able to own, trade, or sell them as NFTs on the Algorand blockchain. Staci Warden, CEO of Algorand Foundation, commented on the partnership with TravelX and Flybondi, "We are thrilled to see our technology being utilized in such a unique way by TravelX. This likely represents the largest use-case of utility NFTs we've seen and something that could only happen with the reliability and scalability of the Algorand blockchain." Australian airlines Qantas had also launched its own NFT project back in 2022. TravelX And NFTickets TravelX is one of the few companies offering NFT ticketing services. The company had previously worked with the Spanish airline Air Europa in 2022 on a special NFT ticket project. Plus, the service has also been integrated into the trading platform of the LatAm crypto exchange Lemon to allow customers to buy and sell airline tickets. TravelX CEO commented on the partnership with Flybondi, saying, "Our partnership with Flybondi and the integration of our NFTicket technology on the Algorand blockchain exemplify the enormous potential for innovation within the travel industry. We're eager to continue driving this transformation alongside the other airlines worldwide we are already working with." Buy Tickets For Trading Colloquially dubbed NFTickets, these tokens were created by the airlines to offer flyers a more flexible flying experience. Since these are NFTs, buyers could purchase them in advance without solid travel plans or even passenger names. They would have the power to transfer the tickets as and when they please and, as a result, earn their own profits. In return, the airline will be able to save on customer service costs and earn its own revenue from a percentage of the trading fees. The transaction fee amounts to 2% to TravelX and another 2% to the airline when the NFTicket is traded on the secondary market. There are no charges on the initial purchase of the ticket. Flybondi CEO Mauricio Sana spoke about the initiative in a recent press release, "With this launch, we seek to generate a positive impact in the aviation industry through innovation and an application of blockchain technology. Changing the rules of the game is never easy, but we know that it is our objective to evolve and offer our passengers a new stage of the freedom to fly." Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Sushi Swap Head Chef Jared Grey has expressed his disillusionment with the state of the crypto industry as regulatory crackdowns, including actions against the decentralized exchange (DEX) he manages, have intensified.Grey spoke about his feelings towards U.S. regulators and the industry during a recent ask-me-anything call on Discord. Grey shares: "It really feels like over this last cycle that the majority of that feeling [of excitement] is gone now. Look at what's going on on the regulatory side of things. Like this morning, Senator [Elizabeth] Warren [was] stating she's putting together an anti-crypto army to regulate the space into obedience." Grey's comments come after he disclosed that the U.S. Securities and Exchange Commission (SEC) served him and Sushi DAO with a subpoena, signaling the potential for a prolonged and costly legal battle with regulators seeking stricter oversight over crypto firms. Unlike centralized exchanges such as Coinbase or Binance, Sushi Swap operates via smart contracts on the Ethereum blockchain as a DEX, managed day-to-day by Grey and governed by token holders who vote on proposals. Anticipating the legal battle, Grey recently proposed allocating $4 million of the protocol's treasury funds to a "Sushi DAO Legal Defense Fund." The fund, nearly equal to the DAO's annual operating expenses, has faced significant backlash on community Discord channels and became a focal point during the call. Although attendees of the community call requested further information about the subpoena, Grey declined to provide more details, citing legal advice. Despite the controversy surrounding the legal defense fund, Grey's responses appeared to satisfy the call participants, who remained silent on the matter. "I've been advised by legal not to talk about subpoena in detail," Grey said. "Just to say, 'Hey, you know, we've received one [and] we're cooperating with it,' and kind of leave it at that for now." However, the legal defense fund proposal has sparked debate on the DAO's governance proposal forum, with some community members demanding transparency about the subpoena and others calling for Grey's resignation. Roughly a third of poll respondents in the forum have voted against the fund so far. This controversy emerges as Sushi Swap grapples with ongoing financial challenges. In December 2022, the protocol reduced its annual runway requirement from $9 million to $5 million, and Grey revealed that Sushi Swap had less than 18 months of runway left in its treasury. Grey acknowledged these financial issues during the call, stating, "All that we're doing now is just like to stem the bleeding that kind of has been occurring." The recent SEC investigations have taken its toll on the protocol's native token, which has dropped 12% since the announcement of the subpoena. As regulatory scrutiny continues to intensify, the crypto community will undoubtedly keep a close watch on the unfolding situation and its potential impact on the industry at large.Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Mike Novogratz of Galaxy Digital has commented that crypto was created by Satoshi Nakamoto precisely for the kind of over-printing and debasement of currency that the world is experiencing right now. BRICS nations are multiplying De-dollarisation is happening. The over-financialisation that has taken place in the West over the last few decades is coming home to roost. The BRICS nations are already trading in the Chinese Yuan, and applications to sign up to this bloc are multiplying rapidly. United Arab Emirates, Egypt, Algeria, Argentina, Mexico and Nigeria are reportedly looking to join this new global cooperation group, with Saudi Arabia already on the brink of being accepted, putting in jeopardy the long-standing agreement with the U.S. to exchange oil for dollars. This is crypto’s moment Mike Novogratz, the billionaire entrepreneur and CEO of Galaxy Digital, made his comments during his company’s Q4 2022 earnings call. He said that “crypto prices are likely to go up over the coming months” at the same time that de-dollarisation is just getting started. He stated: “Let’s start with the good… This is crypto’s moment. Crypto was, in lots of ways, created for this point, right? Satoshi Yakamoto way back in 2009 worried about the breakdown of the legacy financial system. He worried about populism infecting our politics and a constant printing of fiat currencies and a debasement of money, and created Bitcoin.” Novogratz continues with his view on how the politics of the Biden administration, together with the banks, are trying to besmirch crypto. He noted that whatever Biden or Jamie Dimon say, “they’re just wrong, and the world knows that.” Gold and Bitcoin will thrive The billionaire CEO says that macro hedge funds are paying close attention to the developments with banks and the situation with Russia, Ukraine, and the roles that the U.S. and China are playing. He believes that the financial and geo-political environment is one in which sound money such as gold and bitcoin will thrive. He commented: “This war between China and the U.S. with Russia as a proxy is going to push the gold narrative, and the digital version of that is Bitcoin, and so I think from a macro investor perspective, it’s very clear.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The hardware wallet manufacturer, Ledger, has secured a $109 Million funding round and is expected to conduct two more this year.

The funds will be returned from Paxful’s reserves.

Raydium, Solana's second-biggest decentralized exchange, envisons a bug bounty program to clean up its market maker smart contracts.

The funding is the first of three rounds for the hardware wallet provider, whose success has been fueled by growing awareness of crypto self-custody.

The cryptocurrency market is one of the most exciting and dynamic investment opportunities of our time. It's fast-paced, unpredictable and full of potential. In the last week alone, Litecoin (LTC) has surprised many crypto natives with a remarkable performance week after week. Currently priced at about $90, market watchers predict that LTC could break the $100 mark in days. Shiba Inu (SHIB) has had a rough start to the year, with more predictions pointing to an ongoing bear trend for the once-popular meme coin. However, Orbeon Protocol (ORBN), a newcomer in the crypto space, is setting up for a journey to the moon, with experts predicting a 6000% price increase by the end of the year. >>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE>BUY ORBEON TOKENS HERE<< Orbeon Protocol (ORBN) The Orbeon Protocol (ORBN) native token, ORBN, has seen an impressive 2713% gain since the start of its presale, with market analysts predicting a potential 6000% return by the end of the presale. Orbeon Protocol (ORBN) is a platform that enables users to invest in nascent businesses through fractional means, allowing individuals to invest in their preferred brands for as little as $1. The Orbeon Protocol (ORBN) platform creates and distributes NFTs based on rewards and equity, which can be fractionated accordingly. All investment terms are written into the smart contract of the NFT, ensuring transparency for both businesses and users of Orbeon Protocol (ORBN). Also, investors have been protected from rug-pulls thanks to a security mechanism that refunds investors in case the startup fails to fulfill its goals. In addition to the investment platform, Orbeon Protocol (ORBN) also offers a wallet that users can use to store their NFTs and an exchange that can be used to swap the digital assets listed on the exchange. With an 2713% price gain so far, ORBN has outperformed multiple coins in the market, including top cryptocurrencies, since its launch, and Orbeon Protocol (ORBN) has continued to gain momentum. The success of the Orbeon Protocol (ORBN) presale highlights the potential of the platform and its ability to offer a new, innovative way to invest in nascent businesses. Find Out More About The Orbeon Protocol Presale Website: https://orbeonprotocol.com/ Presale: https://presale.orbeonprotocol.com/register Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

The Chairperson of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, is demanding more funds to support his regulatory crusade against cryptocurrencies. Gensler Wants More Money On a March 29 testimony to the House Financial Services Subcommittee for SEC&rsquo;s fiscal year 2024, chief Gary Gensler demanded more financial support to keep up with the technological advances of the crypto sector. He has demanded that the regulatory body needs a higher functioning budget to crack down effectively on bad actors in the country.He said, &ldquo;Rapid technological innovation in the financial markets has led to misconduct in emerging and new areas, not least in the crypto space. Addressing this requires new tools, expertise, and resources.&rdquo; The budget amount of $2.4 billion was first proposed by President Joe Biden for the fiscal year 2024. Agency Spread Thin, Needs Funds: Gensler Gensler claimed that the SEC funds are already spread thin, and the agency requires funding in the amount of $2.4 billion to manage the increasing complexity in the capital markets as introduced by crypto companies. Giving an account of the agency&rsquo;s functioning, Gensler reported that the Division of Enforcement and Examinations, which consists of a major chunk of the agency&rsquo;s staff, had received over 35,000 separate tips, complaints, and referrals from whistleblowers in the crypto industry. On top of that, he reported that the Enforcement Division cracked the whip on 750 different cases last year by enforcing actions that brought in $6.4 billion in penalties and fines. Of these 750, thirty actions were related to the crypto industry and brought in $242 million of penalties, indicating a 36% increase over the 22 actions in 2021. SEC&rsquo;s Crypto Crusade However, his statements at the hearing indicate that, as always, Gensler has approached the fund's appeal by lashing out at the crypto industry and portraying his own agency as the lone &ldquo;cop on the beat&rdquo; working against the big bad. His statements indicate that it is an unruly space full of bad actors whose sole aim is to trick funds out of the pockets of honest American citizens. At the budget hearing, Gensler said, &ldquo;Further, we&rsquo;ve seen the Wild West of the crypto markets, rife with noncompliance, where investors have put hard-earned assets at risk in a highly speculative asset class.&rdquo; The SEC has been accused of being extra-judicial when it comes to cryptocurrency. The regulatory body is quite insistent on getting cryptocurrencies declared as securities so that they fall under the SEC&rsquo;s purview. The agency&rsquo;s severe action against certain crypto companies without any congressional oversight has drawn the interest of the U.S. House Financial Services Committee, which has recently summoned Gensler to a subcommittee hearing in April. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

U.S. prosecutors have added another charge to Sam Bankman-Fried&rsquo;s growing list of indictments &ndash; paying a $40 million bribe to Chinese officials to unfreeze his hedge fund&rsquo;s accounts. United States prosecutors have accused Sam Bankman-Fried of paying Chinese officials a $40 million bribe to unfreeze FTX&rsquo;s accounts. The bribery conspiracy charge adds to a 13-count indictment against the former CEO of the now-collapsed crypto exchange FTX. Reuters reports Bankman-Fried is expected to be arraigned on the charge on Thursday before U.S. District Judge Lewis Kaplan in a Manhattan federal court. In a separate report, Reuters indicates that the former CEO intends to plead not guilty to the charge, citing a person familiar with the matter. The new indictment against SBF alleges that he ordered a $40 million crypto payment to a private wallet from FTX&rsquo;s sister firm, Alameda Research&rsquo;s main trading account, to persuade Chinese authorities to unfreeze Alameda&rsquo;s accounts containing over $1 billion of cryptocurrency. The indictment reads: In or about November 2021, Samuel Bankman-Fried, a/k/a &lsquo;SBF,&rsquo; the defendant, and others directed and caused the transfer of at least approximately $40 million in cryptocurrency intended for the benefit of one or more Chinese officials in order to influence and induce them to unfreeze the Accounts. Reuters explains Alameda accounts were frozen as part of an investigation into an Alameda counterparty. The news agency adds that SBF&rsquo;s prior attempts to influence Chinese government officials to unfreeze the accounts were unsuccessful. Judge Kaplan Approves Changes to SBF&rsquo;s Bail Restrictions Judge Kaplan on Tuesday also approved amendments to SBF&rsquo;s bail restrictions. CoinDesk reports the former CEO is no longer allowed to communicate with former FTX or Alameda Research employees except when counsel is present. Bankman-Fried is also no longer allowed to use any &ldquo;encrypted or ephemeral call or messaging application, including but not limited to Signal.&rdquo; SBF&rsquo;s electronic use is limited to a new laptop computer or phone that only provides him access to 40 pre-approved websites necessary for his defence or personal use &ldquo;and do not pose a risk of danger to the community.&rdquo; He has been ordered to hand over his old laptop and smartphone to his legal counsel, who will remove them from his premises. Any visitor meetings must also be pre-arranged with Bankman-Fried&rsquo;s defence attorneys, who must ensure security personnel are present to screen for unauthorized devices. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

It is no secret that exchanges have continued to play a vital role in the growth of the burgeoning cryptocurrency ecosystem, providing enthusiasts with a platform for trading digital assets seamlessly. They serve as intermediaries connecting buyers and sellers, enabling them to exchange cryptocurrencies for other digital assets or fiat currencies. One of the main benefits of traditional crypto exchanges is their simplicity and user-friendly interfaces. These platforms typically offer a more straightforward and convenient experience compared to decentralized alternatives, making it easier for beginners to enter the world of cryptocurrencies. Moreover, they offer a high level of liquidity, something that is essential for efficient trading, as it allows users to quickly buy or sell assets without causing significant price fluctuations. Lastly, traditional crypto exchanges often offer higher customer support and security. Since these platforms are managed by a central authority, they can invest in dedicated customer service teams that assist users with any issues or questions they may encounter. In this article, we will list out some of the best up-and-coming cryptocurrency exchanges. So without any further ado, let&rsquo;s jump straight into the heart of the matter. Public One of the fastest growing, most trustworthy $0 commission platforms in the market today, Public offers a comprehensive investment platform that empowers individuals to diversify their portfolios via a range of assets, including stocks, ETFs, treasuries, cryptocurrencies, artwork, and collectibles. On a technical note, the platform offers tailored company metrics, up-to-the-minute market analyses, live shows on market trends, and much more. Public is a fully regulated broker-dealer but provides protection of up to $500,000 for any securities contained in its users' accounts. Additionally, the platform implements bank-grade security measures such as AES 128-bit encryption, TLS for secure data transmission, and default two-factor authentication (for an additional layer of protection). Since its inception in 2019, Public has attracted over $300 million in investments. The platform's esteemed investors include Accel, Tiger Global, Sean 'Diddy' Combs, Will Smith (Dreamers VC), Maria Sharapova, Tony Hawk, The Chainsmokers' Mantis VC, and Shari Redstone's Advancit Capital. MaskEX One of the fastest-growing exchanges in the market today, MaskEX is a trading platform that focuses on delivering a secure and user-friendly trading experience. Featuring an intuitive interface, it caters to both novice and experienced traders, offering a wide range of cryptocurrencies for portfolio diversification. Moreover, it comes with advanced trading tools, including real-time charting features, various order types, and in-depth market data, enabling users to make informed decisions and execute their strategies effectively. Security is a top priority for MaskEX, as evidenced by the fact that the platform features multi-tiered security protocols to protect users' assets and personal information. These measures include utilizing cold storage for a majority of its funds, distributed storage systems, multi-signature technology, two-factor authentication (2FA), and encrypted SSL connections. Recently, MaskEX launched several promotional campaigns aimed at enhancing its clients' profit potential. One such initiative is the "Purchase and Earn" campaign for P2P traders, where users who purchase USDT on MaskEX P2P with supported fiat currencies during the campaign period can participate in a $500 prize pool. Another campaign revolves around the MaskEX Virtual Card, where users who make purchases using the card during the promotional period stand a chance to share in a $1,000 prize pool. Both campaigns will run from April 1st to April 30th. Pionex Pionex.US stands out as the top choice for automated trading in the cryptocurrency sphere due to its integrated auto-trading bots, competitive fee structure, and user-friendly interface. Launched in 2019, the Singapore-based Pionex has gained significant traction online by offering an affordable fee schedule along with a suite of 16 built-in trading bots. The US counterpart, Pionex.US, provides spot trading and features 11 available bots, making it the most comprehensive automated solution for cryptocurrency trading. The platform boasts a range of bots with diverse functionalities, such as purchasing at a dollar-cost average for a single sell-off, automatically creating and rebalancing an index, and implementing various strategies for buying low and selling high. Furthermore, Pionex.US maintains an attractive maker/taker fee structure for spot trades, similar to its global counterpart. Depending on the crypto pairing, fees range from 0.05% to 0% and apply to both manual and bot-assisted trades. While the platform excels in offering manual and automated trading options, tutorial resources, and customer support, it does have some limitations. For example, it is unavailable in certain states across the US, lacks some key fiat withdrawal options, and has insufficient bot tutorials/explanations on the company website. PrimeXBT PrimeXBT is another promising cryptocurrency trading platform that offers a wide array of financial instruments and advanced trading tools to traders from over 150 countries. One of its standout features is its extensive product offering, which enables users to trade cryptocurrencies, forex, commodities, and stock indices, all from a single account. Additionally, PrimeXBT offers a highly competitive fee structure and employs advanced trading technology to ensure a seamless experience for its clients. The platform supports leveraged trading, offering up to 100x leverage for cryptocurrencies and even higher leverage for other asset classes, enabling traders to capitalize on market opportunities with minimal initial capital. Additionally, the platform delivers an ultra-fast order execution rate (< 7.12 ms on average) and an industry-leading trade engine with real-time risk management. Lastly, all transactions taking place within the PrimeXBT ecosystem are secured using the Amazon AWS framework. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

BitKeep &ndash; the largest non-custodial cryptocurrency wallet with over 8 million users, has released the details of its updated roadmap for 2023, which foresees its rebranding into Bitget Wallet. The new document was released shortly after BitKeep received a $30 million investment from the Bitget crypto derivatives platform and joined its growing ecosystem of financial and Web3 products. The roadmap includes a concise outline for a complete rebranding of the service including the logo and style, with reshuffling of the management team and general improvements to infrastructure security, leveraging solutions from Bitget. Among the main points outlined in the document are alignment with Bitget&rsquo;s overall visual appearance, as well as technical updates that will allow the service to function as part of the broader Bitget ecosystem. Most importantly, the 8 million users of BitKeep will be able to rely on the $300 million Bitget User Protection Fund in case of any potential threats, as the one encountered in December of 2022. Bitget received a controlling stake in the BitKeep wallet for a $30 million injection during the latest funding round. The incorporation of BitKeep into the Bitget ecosystem will have a positive impact on user protection and overall system security. BitKeep will also receive quick access to cybersecurity experience as that provided by firms like Certik and new verification support features through MD5, as well as support for hardware wallets providers like KeyStone. Bitget has been on the track of incorporating its services into Web3 space with greater resolve and speed, as outlined in its new &lsquo;Go Beyond Derivative Strategy&rsquo;. The acquisition of BitKeep is an important step in the exchange&rsquo;s desire to expand its ecosystem of products and services to turn it into a holistic bridge between the worlds of DeFi and CeFi with quick access to Web3. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

With users waiting with bated breath for the bankruptcy proceedings of crypto lender Celsius to play out, Paxful has vowed to refund all impacted users of the Paxful Earn product. Relief For Users Ray Youssef, the CEO of peer-to-peer Bitcoin Marketplace Paxful, has stated that the firm will be refunding all impacted users of its Paxful Earn program. In partnership with bankrupt crypto lender Celsius, the Earn program allowed users to earn a yield on their Bitcoin. However, users were left in limbo, as Celsius&rsquo;s bankruptcy meant they could not access their funds, as the lender froze withdrawals. However, the announcement by Paxful has given them hope. In a public statement, Youssef noted, &ldquo;Paxful, like many others, were paralyzed to act as we could not retrieve funds held by Celsius. Another hit came when the courts ruled that Celsius Earn Accounts belonged to Celsius&rsquo; bankruptcy estate, not to its users.&rdquo; While announcing the news, the Paxful CEO stated that he was personally taking action and would ensure that all impacted users would be refunded. He added on Twitter, &ldquo;We have done the right thing and refunded @paxful users who lost funds with Celsius Earn. I could not stand by and watch them suffer, so we&rsquo;ve made them whole. Our users always come first to me. This is the way!&rdquo; As of now, it is still being determined how much Paxful will be returning to its users. Celsius had paused all withdrawals in June when the Bitcoin price slumped below $20,000. This brought the firm&rsquo;s DeFi loans dangerously close to being liquidated. The firm filed for bankruptcy soon after and has managed to pay off only a small segment of creditors involved in its program. Decision Did Not Sit Right The Paxful CEO, commenting on the judge&rsquo;s decision that Celsius was the owner of the funds in its interest-bearing Earn Program and not the users, stated that the decision did not sit right with him. &ldquo;The collapse [of Celsius] hurt countless users and damaged trust in our industry. Paxful, like many others, were paralyzed to act as we could not retrieve funds held by Celsius. Another hit came when the courts ruled that Celsius Earn Account belonged to Celsius&rsquo; bankruptcy estate, not to its users. This didn&rsquo;t sit right with me then, and it still doesn&rsquo;t sit right with me today.&rdquo; Not The First Appeal On Behalf Of Users The CEO stated that everyone needed to hold themselves to a higher standard, ensure transparency, and put themselves above profit. However, this was not the first time he had made such a statement. In December, he had made a similar appeal while announcing that his marketplace would no longer support Ethereum trading. He had, at the time, put complete faith in Bitcoin, calling it the only workable tool for freeing billions of people from Economic Apartheid. Paxful is extremely prominent in the Global South, generating anywhere between $30 million to $40 million in weekly volume, a majority of which comes from Argentina. Celsius&rsquo;s Ongoing Bankruptcy Proceedings Meanwhile, Celsius&rsquo;s bankruptcy proceedings continue to roll on. Recently, the committee of unsecured creditors and a group of account holders reached a settlement that was approved. This settlement allowed account holders to recover just over 72% of their crypto holdings. Celsius had also announced that NovaWulf Digital Management would be sponsoring its restructuring plan and claimed that nearly 85% of its customers would be able to recover around 70% of their crypto assets. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Hydra Ventures DAO, a decentralized autonomous organization (DAO) backed by prominent investors like 1kx, ConsenSys, and Seed Club, is poised to disrupt the world of fund-of-funds investing with an innovative model tailored for the crypto industry.The brainchild of pseudonymous venture investor Pet3rpan, a partner at venture firm 1kx, Hydra Ventures has raised $10 million to create a DAO that will support other investment DAOs. "I think the cool thing about Hydra is that for the first time ever we have builders operating a fund of funds. Just ironic because most people who operate fund of funds come from an institutional capital background and I think this is the first science experiment where we see very active direct ecosystem participants operate fund of funds in a very crypto native way," Pet3rpan shares. DAOs are blockchain-based organizations without a central authority, employing blockchain technology for governance. According to data from DeepDAO, there are over 40 investment DAOs in existence. Pet3rpan was involved in the creation of one of the first investment DAOs, MetaCartel Ventures, which has 75 members and has invested over $13 million into more than 70 projects, including Gitcoin and Gnosis Safe. Pet3rpan initially considered the rapid deployment pace of investment DAOs as a drawback. However, he now sees it as an advantage, noting that "investment DAOs are really amazing vehicles for indexing exposure across a certain ecosystem or market focus." Hydra Ventures aims to invest in 30 to 40 DAOs, targeting up to 10% of the investment DAO itself. The core team of Hydra Ventures includes members from 1kx, MetaCartel Ventures, and Thing3. These members bring valuable experience in navigating the challenges of tax, accounting, and legal aspects of DAO operations. Hydra Ventures will integrate Thing3, an operations-focused service DAO, to address these issues. Stephen McKeon, managing partner at Collab+Currency, praised the Hydra Ventures DAO team, stating, "The venture DAO space is nascent and constantly evolving &mdash; so, to us, Hydra is well positioned to pioneer the DAO fund of funds model." Hydra Ventures is particularly interested in backing DAOs with a strong investment thesis. Pet3rpan believes that those who are passionate about a specific market domain or space have a considerable advantage in investing, deal flow, and due diligence. This conviction forms the core thesis for Hydra. Hydra Ventures started raising funds in June last year and closed the round in January. The funds will be stored in a diversified set of stablecoins, with plans to deploy the funds over three years instead of in perpetuity, like MetaCartel Ventures.Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The new equity in Hong Kong will focus on the regional market and embrace Web3 startups.

Gensler made another sweeping attack on the crypto industry, requesting a bigger budget for his agency to tackle crypto ‘misconduct.’

SEC Chair Gary Gensler says the regulator is spread thin and needs additional funding to keep up with the “increased complexity in the capital markets.”

The ARB airdrop followed the sell-the-news narrative, but Arbitrum's Dapp use and fundamentals remain strong and smart money continues to buy ARB tokens.

Peer-to-peer marketplace Paxful will refund its Earn program users impacted by Celsius Network's bankruptcy.

The former FTX CEO reportedly gave Joseph Bankman roughly $10 million funded by a loan from Alameda Research as a part of a lifetime estate and gift tax exemption.

The $40 million funding marks yet another investment by market maker DWF Labs, its fifth this month.

Prior to the introduction of P2E gaming, the average gamer would say that they enjoy playing video games simply because they're fun. Now, Web3 adds a completely new dimension to their original experience.

To stay recession-proof, build an emergency fund, cut expenses, diversify investments, pay off debt and enhance your skills.

Web3 investors such as 1kx, ConsenSys, Collab+Currency, Wicklow Capital and Seed Club were among firms joining the investment round.