Crypto VC Dao5 Closes $222M Fund to Back Institutional-Focused Projects
The new $222 million fund is backed by just 15 limited partners, primarily composed of high-net-worth individuals and family offices.
The new $222 million fund is backed by just 15 limited partners, primarily composed of high-net-worth individuals and family offices.
The acquisition was funded through proceeds from the company's recent stock offerings. As detailed in the filing with the Securities and Exchange Commission (SEC), Strategy raised roughly $1.4 billion by selling around 4.02 million shares of its Class A common stock (MSTR) and an additional 435,069 shares of its 8.00% Series A preferred stock (STRK) during the same period.
Dr Altcoin points to the momentum surrounding the Consensus event and Pi Network’s ongoing development efforts — including DApp launches and regulatory steps — as key drivers for the earlier timeline. However, he cautioned that external factors, such as suspicious activity on platforms like Banxa, could introduce volatility.
Anonymous Labs has some experience in blending entertainment with blockchain technologies. The developer previously launched a meme coin project based on the Simon’s Cat web cartoon on the BNB Chain. The CAT token, while experiencing recent gains aligned with broader market trends, has shown the volatility typical of digital assets.
Since the beginning of 2025, Strategy has added 80,785 BTC to its balance sheet. The buying spree was backed by a massive capital raise of $7.69 billion in the first quarter alone, more than half of which came from common stock sales.
The suggested tax reform, initially introduced by the center-left Social Democratic Party (SPD), aimed to eliminate a one-year tax exemption on crypto gains and raise the flat tax on private capital income to 30%. The idea was to align taxation on digital assets with that of traditional financial instruments like stocks, which are currently taxed more stringently.
The initial proposal for the ETF was submitted on March 25, 2025, and later amended on April 1 to address regulatory considerations and provide additional details. The amended filing aims to list the ETF under Cboe BZX Rule 14.11(e)(4), which governs commodity-based trust shares.
Pi Network's price struggles follow its mainnet launch in February 2025, which initially saw trading restrictions that limited its listing on major platforms. After being listed on Bitget, OKX, and MEXC, the project experienced a sharp decline in value.
The divergence in regulatory approaches highlights the ongoing debate over how best to oversee digital assets. While the SEC recently rescinded its controversial SAB 121 staff accounting bulletin—which had effectively prevented banks from offering crypto custody without congressional approval—it provided an alternative risk-management framework rather than eliminating oversight entirely.
Founded in 2017 by Sandeep Nailwal, Jaynti Kanani, and Anurag Arjun, the blockchain startup attracted top investors like Mark Cuban, SoftBank, Tiger Global, and Sequoia Capital. However, the euphoria has since waned.
The migration represents a significant shift for Celo, which originally launched as an independent layer-1 blockchain in 2020. By adopting the OP Stack—a framework designed for building layer-2 networks—Celo aims to improve transaction speed and cost efficiency while inheriting Ethereum’s robust security and decentralization.
Dubey highlighted concerns about cryptocurrency, pointing out that Reserve Bank of India (RBI) Governor Shaktikanta Das has consistently stated that cryptocurrencies are not legal tender. Despite this stance, the Supreme Court ruled against restrictions on cryptocurrency exchanges, allowing them to continue operations.
With this deal, MoonPay’s financial services will extend to enterprise-grade stablecoin offerings, enabling businesses to accept cross-border stablecoin payments and hold multi-currency treasuries or yield-bearing assets, such as U.S. Treasury bills.
Quranium and Matter-ID are exploring how decentralized authentication and cryptographically secure identity verification can enhance blockchain security while preserving user privacy.
The RBI has long maintained a cautious stance on crypto, issuing repeated warnings about its risks. However, this raises another question: If crypto has been such a pressing concern, why has India been slow to act on it?
Despite the turbulence, venture capital (VC) firms have continued to invest heavily in blockchain and crypto startups, particularly in areas such as decentralized physical infrastructure networks (DePINs), Web3 gaming, real-world asset (RWA) tokenization, and derivatives markets.
The announcement triggered a significant rally in the crypto market. XRP spiked 32% to approximately $2.80, while ADA and SOL rose over 20%, crossing the $1 and $160 marks, respectively. BTC saw a 6% increase, trading above $91,000, and ETH climbed nearly 10% to $2,400.
The White House will host its first-ever Crypto Summit on Friday, March 7, an event expected to shape the future…
A key factor contributing to the market's turnaround appears to be a policy shift from the White House. U.S. President Donald Trump is set to host a crypto summit on March 7, bringing together industry leaders, investors, and members of the President's Working Group on Digital Assets.
Andriunin was among 15 individuals and three companies charged in October as part of "Operation Token Mirrors," an investigation led by the Federal Bureau of Investigation (FBI) aimed at exposing fraudulent activities in the cryptocurrency market.
Among the affected ETFs, Fidelity’s FBTC recorded the largest outflow, with investors withdrawing $344 million. BlackRock’s IBIT followed with $164 million in outflows, while Grayscale’s GBTC saw a net outflow of $66 million.
The collaboration also has implications for MetalCore’s native token, $MCG. The companies suggest that the integration will contribute to the token’s utility by enabling new forms of player engagement and economic activity within the game’s ecosystem.
The scam, orchestrated through spoofed websites mimicking legitimate cryptocurrency exchanges, has links to Chirag Tomar, an Indian national currently serving a prison sentence in the United States for a similar fraud.
The funding marks a significant step in the intersection of artificial intelligence (AI) and Web3, as SoloAI aims to make music composition accessible to users regardless of their musical background.