BITCOIN

Coinshares, a European digital asset manager, is moving into the U.S. with a new hedge fund division aimed at institutional investors. The firm, based in Saint Helier, Jersey, intends to offer comprehensive services for institutions exploring crypto assets. Coinshares Expands to U.S. With New Hedge Fund Division The company revealed its new branch, Coinshares Hedge Fund Solutions, signifying its foundational emphasis as a crypto-centric hedge fund manager. Lewis Fellas, an asset manager with more than two decades of experience, including seven years in the digital assets sector, will lead this division. The press release highlights the merger of Coinshares ‘ ten years in crypto with the expertise the team has developed from proprietary trading since 2016. The firm holds that this experience equips it to produce competitive products comparable to those of mainstream financial entities. “In a changing macro environment prominently marked by interest rates and inflation, the demand

Venture capitalist Katie Haun is optimistic about the future of crypto. “It’s a really good time to be investing in this space during this down market,” she said. “I have actually never felt that in prior cycles, crypto was more inevitable than in this cycle, and this is the fourth cycle I’ve been in crypto,” she further shared. Katie Haun on Crypto’s Future and SEC Regulations Venture capitalist Katie Haun, founder and CEO of Haun Ventures, a $1.5 billion Web3-focused venture capital fund, shared her optimism about the future of crypto at Techcrunch Disrupt on Thursday. Haun was previously a general partner at Andreessen Horowitz, a Silicon Valley-based venture capital firm. She also served on the Coinbase board. Before becoming a venture capitalist, she spent a decade as a federal prosecutor with the U.S. Department of Justice. Commenting on her venture capital funds’ crypto investment strategy, she described: “I think there’s a perception out there that crypto is crickets chir

Crypto exchange Binance and its CEO Changpeng Zhao (CZ) have filed a motion to dismiss the lawsuit against them by the U.S. Securities and Exchange Commission (SEC). “It is clear that the SEC’s lawsuit has no foundation in the currently enacted securities laws,” they argued, alleging: “In attempting to claim regulatory power over the crypto industry, the SEC distorts the text of the securities laws.” Binance and CZ Seek to Dismiss SEC Lawsuit Cryptocurrency exchange and its CEO Changpeng Zhao (CZ) filed a joint motion on Thursday to dismiss the lawsuit against them by the U.S. Securities and Exchange Commission (SEC). According to the court filing , the lawyers for Binance and Zhao wrote: “The SEC’s claims against BHL [Binance Holdings Ltd.] and Mr. Zhao should be dismissed with prejudice.” They added: It is clear that the SEC’s lawsuit has no foundation in the currently enacted securities laws. “In attempting to claim regulatory power over the crypto industry, the SEC distorts

Eclipse, an organization that allows for the construction of customizable rollups, has announced the architecture of its Eclipse mainnet, a Solana-powered Ethereum layer two (L2) scaling rollup. The rollup will benefit from using the Solana Virtual Machine as an execution layer, leveraging this blockchain’s various security and performance benefits. Eclipse Announces Ethereum L2 Using Solana Virtual Machine Eclipse, an organization focused on building scaling solutions for Ethereum, announced its Eclipse mainnet L2 (layer two) solution using Solana-based tech. The project, which is being promoted as the “fastest” Ethereum rollup by the company, will use the Solana Virtual Machine ( SVM ) to take advantage of the improvements this has over the traditionally used Ethereum Virtual Machine (EVM) One of these advantages is the parallelized processing of the SVM, which allows performance to scale more efficiently. Also, the possibility of local fee markets, meaning that one non-fungibl