2.AI Concept Meme Tokens Surge, VIRTUAL Surges Over 41% in 24 Hours
3.Ethereum's Fusaka Hard Fork to Launch by the End of 2025
4.Joe Salama to Join Coinbase as Chief Compliance Officer
5.OKX Announces Launch of Cryptocurrency Payment App OKX Pay, Plans Global Rollout
1. "This Is VC's Winter, but Also the Spring of KOL Agencies"
“Many VCs are not doing well this year, and now they are starting to transition to become agencies,” said Miko, founder of Hyperion. A core team member of theirs closed down their own VC firm last month and joined the agency track. This seems to be an industry commonality, with most core team members of agencies having previous investment experience. Agencies are becoming the next destination for VC people. As VCs lose their appeal to retail investors, agencies emerge as new market narrative creators. This is VC's winter, but also the spring of KOL agencies.
2. "From Cantor to Securitize, the Crypto Space Buys Washington for $18 Million"
This year, Trump returned to the White House and held the most luxurious inauguration week in history for himself. According to Forbes, donations from corporate supporters and executives amounted to a record-breaking $239 million. Among them, the crypto industry, as one of Trump's most enthusiastic supporters, contributed $18 million. Ripple, which has been in a long-standing legal battle with the SEC, donated nearly $4.9 million, ranking second among all donors. Of course, this money was well spent. The SEC subsequently dropped lawsuits or threatened lawsuits against donors to Trump's inauguration fund, including Coinbase, Crypto.com, Uniswap, Yuga Labs, Kraken, and Ripple.
Daily Market Overall Funding Heatmap (reflected by funding rates) and Token Unlocks
Data Source: Coinglass, TokenUnlocks
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