Alpaca Finance Institutional Newsletter #1
Published in
2 min readAug 22, 2022
Polarizing news stories have dominated the headlines providing a difficult time for anyone looking into their crystal ball to speculate on the general direction in crypto and DeFi. Further insolvencies and restructuring, primarily from centralized exchanges, and governmental probes have cast a dark shadow against the backdrop of a less than desirable macro condition. At the same time, we have seen the largest crypto raise ever from Brevan Howard and a $450M fund III close for Variant Fund. A recent market survey cited ~20B of dry powder earmarked for crypto markets over the coming years from the top 15 largest funds. If that wasn’t enough, Blackrock partnered with Coinbase to initially offer direct BTC exposure to their clients.
News
- Coinbase partners with BlackRock to create new access points for institutional crypto investing
- German Crypto Exchange Nuri Files for Insolvency
- Institutional Investors Are Increasingly Using Crypto Options Trading to Hedge Their Bets in Bear Market
- Energy Web Token Jumps 25% After BlackRock Gives Decarbonization Project a Shoutout
Regulation
- Crypto.com Receives South Korean Regulatory Licenses After Buying Local Firms
- Cathie Wood Says Ark Sold Some Coinbase Due to Uncertainty on SEC Probe
- Senator Warren proposes reducing Wall Street’s involvement in crypto
- UK parliamentary group calls for submissions in new crypto asset inquiry
Products
- Amber Group Brings Retail Trading Platform to Brazil
- Reddit Expands Community Points Offering With FTX Pay Integration
- CME Group plans to launch euro-denominated Bitcoin and Ether futures
- Reserve Bank of Australia Starts Pilot to Explore CBDC Use Cases
Funding
- Brevan Howard Scores Largest Crypto Hedge Fund Launch Ever
- VC fund Variant raises $450M
- Crypto Intelligence Platform Messari Plans to Raise $35M at $300M Valuation
- Abrdn Buys Stake in Digital Exchange Archax
