Cointime

Cointime

Download App
iOS & Android

Crypto Evening Briefing: Saudi Arabia’s $620B Wealth Fund Has Backed Crypto-Friendly VCs

Cointime Official

Top Stories

Voyager-Binance.US Legal Fight Must Be Resolved by April 13, Court Documents Say

Voyager, a bankrupt crypto lender, and its creditors could lose $100 million if legal objections by the US government are not resolved by April 13, according to legal documents filed on Monday. 

Ethereum Locked-in Beacon Contract Surpasses 18 Million

The number of ETH locked in the Beacon contract is over 18 million, representing 15% of the total supply, and the ETH price has risen 50% since the beginning of the year. The Shanghai upgrade will allow ETH stakers on the ETH 2.0 contract to withdraw their funds if they wish, leading to an expected decrease in the number of validators followed by an increase again.

Switzerland Planning Stablecoin and Live Wholesale CBDC Pilots

The Swiss National Bank (SNB) has revealed its Swiss payments vision, which includes exploring a private token backed by central bank reserves and a wholesale central bank digital currency (CBDC) on the SIX Digital Exchange (SDX) for a limited time.

European Banks Launch ‘Sustainable’ Blockchain Platform for Digital Bonds

Skandinaviska Enskilda Banken (SEB) and Credit Agricole Bank have launched a new digital bond platform called so|bond, built on blockchain technology. The platform will allow institutional clients to issue, trade, and settle bonds digitally, providing a more efficient and secure process compared to traditional methods. 

UAE Central Bank Selects Technology and Legal Partners for CBDC Project

The Central Bank of the UAE (CBUAE) has announced that it has selected Clifford Chance, R3, and G42 Cloud to assist in implementing its CBDC Strategy.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $28,197.07 USD, dropped by 0.15% in the last 24 hours;

ETH’s live price is $1,869.76 USD, jumped by 3.34% in the last 24 hours;

BNB’s live price is $311.23 USD, dropped by 0.43% in the last 24 hours;

XRP's live price is $0.5017 USD, dropped by 2.25% in the last 24 hours.

Fundraising News

NFT Platform OneOf Acquires Blockchain Rewards Company Tap Network

NFT platform OneOf has acquired blockchain rewards tool Tap Network to help large companies connect with their consumers in Web3. This acquisition will help OneOf onboard more companies and customers into Web3 via e-commerce.

Tokyo Stock Exchange Operator JPX Acquires 5% Stake in Nomura’s BOOSTRY Blockchain Venture

JPX, the operator of the Tokyo Stock Exchange, has acquired a 5% stake in BOOSTRY, a blockchain infrastructure company founded by Nomura and Nomura Research Institute (NRI), in which SBI has a minority interest.

Crypto Payroll Company Franklin Raises $2.9M in Seed Round Led by Gumi Cryptos Capital and CMT Digital

Crypto payroll company Franklin, developed internally at Web3 marketing firm Serotonin, has raised $2.9 million in a seed round co-led by Gumi Cryptos Capital and CMT Digital, with backing from crypto notable Arca.

Dragonfly Capital Invests $10 Million in Crypto Derivatives Exchange Bitget

Dragonfly Capital has invested $10 million in Bitget, a fast-growing crypto derivatives exchange. Bitget recently acquired crypto wallet BitKeep and had eight million users prior to the deal.

Terra Classic Could Recieve $5M in Funding From Binance

Binance is considering the Terra Grants Foundation's application for $5m in funding to support projects on the Terra Classic chain. 

Crypto Startup Li.Fi Raises $17.5M in Funding Round

Multichain liquidity and data gateway provider Li.Fi has raised $17.5 million in a Series A fundraise co-led by crypto-native investment firms CoinFund and Superscrypt. 

LayerZero Labs Raises $120 Million for Data Interoperability Protocol Expansion

Interoperability protocol LayerZero Labs has raised $120m in a series B funding round featuring 33 investors including Christie’s auction house, NFT platform OpenSea and Samsung’s next-gen investment unit. 

Polychain Leads $15M Funding Round for Crypto Startup Polyhedra Network

Polyhedra Network, a startup that provides Web3 infrastructure backed by zero-knowledge (ZK) proofs, has raised $15m in a pre-Series A funding round led by Polychain Capital.

Saudi Arabia’s $620B Wealth Fund Has Backed Crypto-Friendly VCs

Saudi Arabia's sovereign wealth fund, Public Investment Fund's venture arm, Sanabil, has disclosed investments in nearly 40 US venture capital firms, including some with deep involvement in crypto, blockchain, and Web3-related investments.

Bitcoin Bitcoin $75,829.00
-2.37%
NFT Web3 Bitget Terra Classic Binance Ethereum Voyager Digital Binance.US bankruptcy Switzerland CBDCs
Comments

All Comments

Recommended for you

  • Traders Fully Anticipate 25 Basis Point Rate Hike by Fed by End of 2026

    On May 22, market pricing indicated that traders have fully anticipated a 25 basis point rate hike by the Federal Reserve by the end of 2026. In related news, Fed Governor Waller stated that the Federal Reserve should not signal any further rate cuts and should remain inactive in the short term.

  • Spot Gold and New York Futures Gold Both Fall Below $4500

    On May 22, spot gold and New York futures gold both fell below $4500 per ounce, declining by 0.94% during the day. Traders have fully priced in a 25 basis point interest rate hike by the Federal Reserve by the end of 2026.

  • BTC Falls Below $77,000

    Market data shows that BTC has fallen below $77,000, currently priced at $76,977.52, with a 24-hour decline of 0.18%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Fed Governor Waller: Inflation Risks Mean Fed Should Not Signal Further Rate Cuts

    On May 22, Federal Reserve Governor Waller stated on Friday that, given the increasing risks of inflation, the Fed should not consider further rate cuts as a default plan. Earlier this year in January, Waller had supported rate cuts. In his speech, he noted that the ongoing conflicts in the Middle East and rising costs of oil and other commodities are increasingly likely to trigger broader persistent inflation in the economy. He emphasized that it is time for the Fed to stop signaling that the next action is likely to be another rate cut. Waller indicated that maintaining interest rates in the current range of 3.5% to 3.75% is likely the correct approach for the foreseeable future. He added, 'If inflation does not subside quickly, I cannot rule out the possibility of future rate hikes.' Waller stated that he now agrees with the view that the Fed should clearly indicate that its next rate adjustment could be either a cut or a hike.

  • Tiger Brokers Fined 308.1 Million Yuan for Illegal Cross-Border Securities Activities in China

    On May 22, Up Fintech Holding Limited (formerly Tiger Brokers) announced that on May 22, 2026, some of its subsidiaries received a notice from the Beijing Regulatory Bureau of the China Securities Regulatory Commission (CSRC). The notice indicated that the CSRC's Beijing Regulatory Bureau had launched an investigation into the subsidiaries for suspected illegal activities related to securities, funds, and futures business. The investigation found that these subsidiaries engaged in unlicensed cross-border securities activities and illegal fund and futures-related activities in mainland China. Based on the investigation results, the CSRC's Beijing Regulatory Bureau imposed a total administrative penalty of approximately 308.1 million yuan and confiscated illegal gains totaling about 103.1 million yuan. Mr. Wu Tianhua, the company's director, CEO, and actual controller, also received a warning and was fined 1.25 million yuan. As of the end of 2025, retail customer assets in mainland China accounted for about 10% of the company's total customer assets in the consolidated financial statements.

  • Tiger Brokers States Hong Kong Entity Operates Independently, CSRC Notice Not Directly Applicable

    On May 22, in response to the China Securities Regulatory Commission's (CSRC) announcement regarding the rectification of illegal cross-border securities and futures fund operations and related penalties, Wang Shan, Chief Operating Officer of Tiger Brokers (Hong Kong) Global Limited, stated that the company is aware of the relevant notice issued by the CSRC. The company clarified that the notice does not directly apply to its Hong Kong entity, which operates independently and is regulated as a licensed corporation holding a license issued by the Hong Kong Securities and Futures Commission (SFC). (21st Century Business Herald)

  • U.S. Stocks Open: Major Indices Slightly Higher

    On May 22, U.S. stocks opened with the Dow Jones Industrial Average rising by 0.58%, the S&P 500 increasing by 0.41%, and the Nasdaq up by 0.37%. The Nasdaq Golden Dragon China Index fell by 2.2%, with popular Chinese stocks generally declining; NIO Inc. (NIO.N) dropped by 7%, Baidu (BIDU.O) fell by 3%, Beike (BEKE.N) decreased by 4%, and Alibaba (BABA.N) was down by 3%.

  • Hassett Hopes Powell Will Leave the Fed Soon for Walsh to Take Control Easily

    On May 22, Kevin Hassett, Director of the National Economic Council, expressed in an interview regarding outgoing Federal Reserve Chairman Jerome Powell and incoming Chairman Kevin Walsh: "I hope he can leave soon so that Kevin can fully and easily take charge of the Fed." Hassett stated, "I hope Jay (Powell) can step aside so we can arrange for another governor to join the Federal Reserve." He also reiterated, "We absolutely respect the independence of the Federal Reserve."

  • U.S. Stock Index Futures Rise Sharply, S&P 500 Futures Up 0.4%

    U.S. stock index futures have risen sharply in the short term, with S&P 500 futures up 0.4%.

  • Web3 data and AI company Validation Cloud completes $10 million in new round of financing

     Web3 data and AI company Validation Cloud announced a $10 million financing round from True Global Ventures. The company plans to use the funds to expand its AI products and achieve seamless access to Web3 data.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company