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CRYPTO HOT NEWS 07/13/2022

Multicoin Capital raises $430M for new crypto startup fund

Prominent crypto investor Multicoin Capital has launched a new venture fund valued at $430 million, further demonstrating venture capital’s growing interest in the blockchain economy. Multicoin’s Venture Fund III will invest between $500,000 and $25 million in early-stage companies across various crypto- and blockchain-focused industries, the company announced.

Animoca Brands raises $75M to advance ‘open metaverse’ concept

Blockchain gaming and venture studio Animoca Brands announced that it has closed a $75.32 million funding round at a pre-money valuation of $5.9 billion backed by Liberty City Ventures, Kingsway Capital, Alpha Wave Ventures, 19T, SG Spring Limited Partnership Fund and others. The company continues to attract sizable investments as it eyes new acquisitions in the play-to-earn and metaverse sectors.

US Treasury study finds CBDCs a plus for commercial bank stability

The introduction of a central bank digital currency (CBDC) may increase the stability of a banking system, according to a paper released Tuesday by the United States Treasury Office of Financial Research. Access to CBDCs reduces banks’ need to insure against liquidity risks and gives policymakers greater information about trouble in the financial system, according to the study.

US Treasury calls for public comment on digital asset policy

The United State Department of the Treasury has requested comments from the public on the potential opportunities and risks of digital assets. The U.S. Treasury said it was asking for input from the public that will “inform its work” in reporting to the president the possible implications of digital assets on the financial markets and payment infrastructures.

SEC extends window to decide on ARK 21Shares spot Bitcoin ETF

The United States Securities and Exchange Commission extended the deadline for approving or disapproving the ARK 21Shares spot Bitcoin (BTC) ETF. J. Matthew DeLesDernier, assistant secretary for the SEC, said it had extended to allow for “sufficient time to consider the proposed rule change and the issues raised therein.”

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