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Crypto Evening Briefing: Cathie Wood's Ark Launches Private Crypto Fund, Raises $16.3 Million

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India’s ED Takes a $115.5 Million Dig at the Crypto Market

The Enforcement Directorate of India has taken a step to seize $115.5 million in the crypto sphere under the speculation of money laundering cases. A few crypto ventures may have been spooked, but the measure ensures that the interests of investors and crypto platforms are safe at every step.

Reuters Report That Any Bank Bidding for Signature “Must Give Up All Crypto Business”

The U.S. Federal Deposit Insurance Corp (FDIC) has started requesting bids from banks interested in acquiring failed lenders Silicon Valley Bank and Signature Bank — but whoever bids on Signature cannot have any ties to the crypto industry, according to Reuters.

Europol Cracks Down on Another Coin Mixer, Seizes $47M in Bitcoin

In an operation conducted by German and US authorities, and backed by the European Union Agency for Law Enforcement Cooperation (Europol), police seized four servers, about 1909.4 Bitcoins in a series of 55 transactions (nearly $47 million), and 7 TB of data from the crypto mixing service for its alleged involvement in money laundering activities.

OpenAI Partners With Payment Firm Stripe to Monetize ChatGPT

OpenAI will use Stripe Inc. to take payments and subscriptions for its artificial intelligence tools ChatGPT and Dall-E, which it’s trying to monetize after capturing the public imagination.

Tether's Stablecoin Market Cap Now Double USDC After SVB Chaos

Tether’s stablecoin market capitalization swelled to nearly $75 billion on Thursday morning, its highest level since May 2022, data from CoinGecko shows.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $24,835.01 USD, dropped by 0.58% in the last 24 hours;

ETH’s live price is $1,653.77 USD, dropped by 1.77% in the last 24 hours;

BNB’s live price is $310.81 USD, jumped by 0.14% in the last 24 hours;

XRP's live price is $0.3615 USD, dropped by 1.98% in the last 24 hours.

Fundraising News

Paradigm Funds Auditing DAO Code4rena With $6 Million Token Purchase

Crypto VC firm Paradigm is using a $6 million token purchase to fund Code4rena, a decentralized autonomous organization that creates incentives for independent auditors hunting for bugs.

Former Ledger Exec Jean-Michel Pailhon Aims To Raise $25 Million Fund for NFT Art

Former Ledger exec Jean-Michel Pailhon is raising an NFT art fund, hoping to secure up to $25 million from outside investors. Now, he's focused on setting up what he terms a "global digital art investment fund" that looks to bring primarily non-crypto native investors into digital art.

Soul Wallet Raised $3 Million in a Seed Funding Round

Soul Wallet just raised $3 million in a seed funding round to offer an online, self-custodial Ethereum wallet built on top of ERC-4337.

Chiliz Acquires 20% Stake in Matchwornshirt To Grow Its Global web3 Ecosystem

Chiliz, the sports blockchain, has announced a strategic investment in MatchWornShirt, (MWS), the home of match-worn and signed sporting memorabilia. Chiliz will receive a 20% stake as part of the investment.

Nuqtah Completes First Seed Funding Round Led by Animoca Brands

Nuqtah, the first NFT marketplace in Saudi Arabia, completed its first seed funding round. The round was led by Animoca Brands, with participation from Polygon and several local investors.

Hello Pets Launched a $6 Million Metaverse Fund and Purchased 10 BAYC NFTs

Hello Pets announced that they have bought 10 Bored Ape Yacht Club NFTs (BAYC #6966, BAYC #6280, BAYC #5245, BAYC #4421, BAYC #5914, BAYC #7350, BAYC #2045, BAYC #9538, BAYC #1522, BAYC #6933) as the first step of their newly established $6M fund to develop and strengthen their Metaverse ecosystem.

Cathie Wood's Ark Launches Private Crypto Fund, Raises $16.3 Million

Cathie Wood's Ark Investment has raised more than $16 million for two new private crypto funds as digital assets resume rally despite increasing regulatory pressure.

Cypher Capital Announced the Completion of a Six-Figure Investment Into Wallchain

Cypher Capital, a Dubai-based multi strategy venture capital firm announced the completion of a six-figure investment into Wallchain, a solution for businesses in the short term and individuals in the longer term that provides protection against unfair practices used by miners to extract value and capture arbitrage profits generated from DeFi transactions.

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