early blockchain venture capital firm Portal Ventures is close to completing the final fundraising for its second fund, which has a size of $75 million. Founder and general partner Evan Fisher said that the fund has been oversubscribed, with subscriptions reaching $90 million. According to documents submitted to the US Securities and Exchange Commission (SEC) in August, the initial target for the fund was $70 million, but Portal later decided to raise the ceiling by $5 million.
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Crypto venture capital Portal Ventures completes approximately $90 million in oversubscribed fundraising
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The U.S. Department of Government Efficiency needs “revolutionaries with super high IQs who are committed to small government reform”
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SEC Chairman Gary Gensler Makes Final Lobbying Call for US Crypto Regulation
according to institutional reports, US Securities and Exchange Commission (SEC) Chairman, Clayton, is making a final push to allow the agency to regulate the cryptocurrency market before the Trump administration's term ends and its enthusiasm for digital assets wanes. In a speech prepared for a legal conference in New York on Thursday, Clayton reiterated that the agency should focus on "road rules" applicable to cryptocurrency sales and intermediaries such as brokers and exchanges to support proper disclosure. Clayton stated that the experience of the Great Depression made decision-makers aware of the "importance of disclosure terms, as information about securities creates a public product". (Jinshi Data APP) -
BIT Mining Invests in Prosper's Native Tokens to Support New Focus on Bitcoin Mining
ChainwireProsper, a decentralized protocol focused on bridging institutional-grade Bitcoin mining power on-chain, has announced a new investment in its native project token PROS by BIT Mining Limited. This investment aligns with Prosper's new strategic focus on Bitcoin mining and the broader Bitcoin ecosystem, which has been well-received by the community. Prosper partners with industry players to obtain various services and products to deliver institutional-grade execution in managing its mining hashrate. BIT Mining's investment represents another significant validation of Prosper's thesis by institutional backers and supports its new vision. -
The official X account of the Department of Government Efficiency (DOGE) led by Musk is now online
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Viewpoint: Saudi Arabia, the UAE and other countries may have bought Bitcoin
According to market sources, Gulf oil-producing countries such as Saudi Arabia, the United Arab Emirates, or Qatar may be buying Bitcoin at the sovereign level. Relevant sovereign funds may disclose related news during the Abu Dhabi Bitcoin Summit from December 9th to 10th. Currently, the total asset management scale of Saudi PIF, UAE ADIA, and Qatar QIA has exceeded 2 trillion US dollars. With Bitcoin's total market value surpassing the world's largest oil company Saudi Aramco, Saudi Arabia, as the largest oil-producing country in the Gulf region, has attracted attention. As the largest sovereign wealth fund holder in the world, the investment trends of Gulf oil-producing countries will have an important impact on the global cryptocurrency market. At the same time, as the host of the upcoming Bitcoin conference, the United Arab Emirates is also expected to participate. In addition, there have been ongoing market rumors that Qatar may also make sovereign investments. (protos) -
Kraken Strategy Director: The entry of institutions such as sovereign wealth funds will push the scale of crypto ETFs to $50 billion
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Metaplanet Discloses $28 Million Gain on Bitcoin Holdings, Stock Slides
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