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Kazakhstan’s National Bank considers investing its national fund in digital assets

Key Takeaways Kazakhstan’s National Bank is considering adding crypto assets to its sovereign wealth and foreign exchange reserves. The country plans to establish a state reserve for seized crypto assets and restrict trading to licensed exchanges within the AIFC. Share this article Kazakhstan’s National Bank is weighing allocating a portion of its sovereign wealth and … Read more

Ex-Sequoia partner closes in on $400mn European tech fund

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A former Sequoia Capital Partner who left the Silicon Valley firm after a bitter boardroom battle at Klarna is set to launch a $400mn UK-based venture capital fund. Matt Miller has been raising money from … Read more

Sarah Smith launches $16M fund, says AI can ‘unlock’ so much for solo GPs like herself

Sarah Smith, founder and managing partner of the eponymous Sarah Smith Fund, announced Thursday the final closing of a $16 million Fund I.  Smith launched her eponymous fund in 2022 and is a solo GP. She said she’s “stunned” by what AI can unlock for firms like hers, solo and next generation. “I can’t imagine … Read more

Grayscale challenges SEC stay on approval of BTC, ETH, XRP, ADA large-cap fund

Key Takeaways Grayscale challenges the SEC’s authority to delay approval beyond set limits. Grayscale says the fund’s investors are suffering harm due to the postponed public launch. Share this article Grayscale Investments is challenging the SEC’s stay on the approval order for listing and trading shares of its Grayscale Digital Large Cap Fund LLC (GDLC) … Read more

Strategy to raise $4.2b via STRD stock sale to fund new Bitcoin purchases

Bitcoin giant Strategy is preparing to make a massive $4.2 billion Bitcoin purchase, funded with more stock sales. After taking a brief pause in purchases, Michael Saylor’s Strategy is preparing for another massive Bitcoin (BTC) buy. On Monday, July 7, the Bitcoin investment firm announced a $4.2 billion at-the-market stock offering. The company is selling … Read more

FOX donates to Texas Kerr County Flood Relief Fund as death toll rises

NEWYou can now listen to Fox News articles! FOX Corporation has made a donation to the Community Foundation of the Texas Hill Country’s Kerr County Flood Relief Fund following a devastating weekend that has left at least 80 people dead in several counties across the state. The Community Foundation will direct funds to vetted organizations providing … Read more

Y Combinator alum launched a new $34M fund dedicated to YC startups, backed by Garry Tan

Investing in Y Combinator startups can lead to significant returns to investors. “If you look at the data: 6% of YC companies become unicorns, and of that 6% a quarter become decacorns,” Kulveer Taggar told TechCrunch. Taggar is a two-time YC alum best known for founding Zeus Living, a property management startup that raised over … Read more

Private equity fund Capitol Meridian started in 2021 to bet on defense. Suddenly it’s the hottest sector around

Adam Palmer remembers the days in March 2021 when he and Brooke Coburn would interview potential investors from his home just outside Washington D.C. They had just done the unthinkable. Palmer and Coburn had left the security and success of Carlyle Group to launch their own private equity firm right in the middle of Covid-19, … Read more

Stablecoins will fund U.S. debt and boost Bitcoin

Former BitMEX CEO Arthur Hayes warned that the U.S. Treasury’s growing reliance on debt markets may soon hit structural limits, with stablecoins emerging as a critical new liquidity channel.  In a July 3 Substack post, Hayes said the U.S. Treasury will need new ways to sell trillions of dollars in bonds without causing interest rates … Read more

BlackRock Bitcoin ETF drives more revenue than its S&P 500 fund

At the world’s biggest asset manager, a Bitcoin exchange-traded fund now generates more revenue than its signature tracker of the S&P 500 Index. The roughly $75 billion iShares Bitcoin Trust ETF (ticker IBIT) has seen a torrent of cash from institutional and retail investors alike, drawing inflows in all but one of the last 18 … Read more

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