Muyao Shen

Miami-based digital-asset investment firm BlockTower Capital wound down a “market-neutral” crypto fund that at one point oversaw more than $100 million with the goal of generating returns no matter which direction prices took.

Franklin Templeton says its money-market fund that records share ownership on a blockchain is seeing inflows from crypto-related entities in the aftermath of the shuttering of several industry-friendly banks.

Bitcoin reached an almost four-week low, with the cryptocurrency continuing to lose momentum since breaking above $30,000 earlier this month for the first time since June.

Bitcóin alcanzó un mínimo de casi cuatro semanas. La criptomoneda continúa perdiendo impulso desde que superó los US$30.000 anteriormente este mes por primera vez desde junio.

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In this edition of the Bloomberg Crypto newsletter, Muyao Shensurveys DeFi’s efforts to revive itself by dabbling in — of all things — TradFi.

A rally in some of the most speculative cryptocurrencies appears to running out of stream just as quickly as fresh memecoins such as Pepe reignited visions of instant riches among the online faithful.

Bitcoin is mounting another attempt to surpass the closely-watched $30,000 level and memecoins extended their recent rally as risk appetite increases across global asset markets.

Digital-asset exchange Binance Holdings Ltd. confirmed that it’s eliminating an unspecified number of positions, becoming the latest crypto firm affected by the prolonged market slump.