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Crypto Evening Briefing: Ethereum’s Shanghai and Capella Updates Drive $17M Inflows

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World Economic Forum Recognizes Bitcoin Mining’s Economic and Environmental Benefits

The World Economic Forum (WEF) has shifted its stance on Bitcoin mining, recognizing the economic and environmental benefits of the industry. In a recent video, the WEF highlighted how companies like Crusoe Energy are using excess natural gas from energy operations to power data centers and crypto mining operations.

French Regulator Floats 'Fast-Track' Registration for Incumbents as MiCA Rules Bed in

France's Financial Markets Authority (AMF) has announced that existing crypto companies could be given a "fast-track regime" to comply with new European crypto rules. The move comes as France tightens its crypto registration procedures in preparation for the implementation of the European Union's Markets in Crypto Assets law, MiCA, which includes tougher governance, consumer-protection, and financial-stability rules.

LUNA Is Not A Security, Declares S.Korean Court

Luna Classic (LUNC), the native token of the Terra blockchain, has been declared a non-security crypto by a South Korean District Court. This ruling comes as a surprise to prosecutors who charged Terraform Labs' co-founder for violating the Capital Market Act.

Ethereum’s Shanghai and Capella Updates Drive $17M Inflows: CoinShares

Investor confidence in Ethereum (ETH) increased following the Shapella upgrade, leading to $17 million worth of inflows into ETH-based investment products during the week of April 17-23, according to CoinShares' weekly report.

Terra's Do Kwon Wants SEC Charges Dismissed, Court Filings Show

Lawyers for Do Kwon, founder of collapsed crypto issuer Terraform Labs, have requested a U.S. court to dismiss charges brought against him by the Securities and Exchange Commission (SEC) partly for lack of jurisdiction. 

Market Watch 

As of press time, according to Cointime data:

BTC 's live price is $27,471.13 USD, dropped by 0.57% in the last 24 hours;

ETH’s live price is $1,851.92 USD, dropped by 1.14% in the last 24 hours;

BNB’s live price is $332.31 USD, jumped by 0.44% in the last 24 hours;

XRP's live price is $0.4637 USD, dropped by 0.85% in the last 24 hours.

Fundraising News

DeFi Protocol Thetanuts Finance Raises $17M for Expansion, New Partnerships

Thetanuts Finance, a multi-chain structured products protocol, has closed a $17 million funding round led by Polychain Capital, Hyperchain Capital, and Magnus Capital. The funds will help the company create new partnerships with layer 1 and layer 2 networks, liquidity providers, blockchain foundations, market makers, and exchanges. 

Franklin Templeton Announces the Franklin OnChain U.S. Government Money Fund Surpasses $270 Million in Assets Under Management

Franklin Templeton today announces the Franklin OnChain U.S. Government Money Fund (FOBXX) (the “Fund”) has surpassed $270 million in assets under management (AUM) as of March 31, 2021. The Fund’s transfer agent maintains the official record of share ownership via a proprietary blockchain-integrated system that currently utilizes the Stellar blockchain network for transaction activity. 

ALORI and Stargate Universe Have Reached a Strategic Cooperation, With an Initial Investment of $2.68M

Hong Kong-based game company Stargate Universe has completed a $2.68 million financing round, with full participation from media company Alori Marketing.

Web3 Content Platform KnowHere Announced the Acquisition of Honeyee’s Media Division for Launching KnowHere Media 

KnowHere, a platform for Web3 content, has announced the acquisition of Honeyee's media division to expand into the video media market and launch its new business line, KnowHere Media. 

Tiger Global Management’s $12.7 Billion Venture Fund Records 20% Loss

Tiger Global Management’s $12.7 billion venture fund, launched near the peak of the tech stock boom in October 2021, gave the New York hedge fund firepower to back hundreds of startups in under two years. Now the mammoth fund is bearing testimony to the bruising correction in private tech valuations that followed.

Now Valued at $500M, Cosmose Ditches Stripe To Adopt Near’s Crypto Solution

Cosmose AI, a company that uses AI analytics to track in-store foot traffic, is partnering with Near to build a payment system that allows users to shop with crypto at low transaction fees. As part of the partnership, Near Foundation has made a strategic investment in Cosmose, lifting the company's valuation to $500 million.

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