Game, crypto, and Web3 venture capital firm Bitkraft Ventures announced on X platform that its third fund, "Bitkraft Venture Fund III," has raised $275 million. With this fundraising, the venture capital firm's assets under management have exceeded $1 billion. It is reported that the new fund will focus on seed and Series A stage game studios, technology, and platforms. Bitkraft Ventures' previous investment portfolio includes Web3 growth marketing service company Addressable, Web3 game studio Bazooka Tango, blockchain music collaboration protocol development company Baton, and Web3 loot box development company Loot Labs. Web3 game studio Jungle, Web3 loyalty platform Cub3, and Web3 game publisher Carry1st are also included.

According to Bloomberg, venture capital firm Hack VC has announced that it has raised a fund of $150 million specifically for the digital asset industry. Hack VC's managing partner, Alex Pack, based in New York, stated that the company has already deployed about one-third of the new fund, primarily investing in early-stage startups. Companies invested in by Hack VC include blockchain startup Mysten Labs and crypto finance company Amber Group. Hack VC previously raised a fund of $200 million in 2022. In an interview, Pack stated, "The environment is more challenging now than it was a few years ago, but we're doing this because we're very excited about the infrastructure opportunity and everything we're seeing in early-stage venture capital. There are still a bunch of nerds building things underground in the industry, and that hasn't stopped after FTX."

Blockchain investment company Sanctor Capital announced that its early Web3 investment fund has raised $10 million. It also announced a partnership with Press Star to launch a pre-acceleration program called "The Multiplayer Fellowship", with the goal of funding 100 teams in the next 18 months.

China Taiping Insurance Group's China Taiping Investment Management (Hong Kong) Limited has been approved by the Hong Kong Securities and Futures Commission to invest in virtual assets. The company partnered with Waterdrip Capital in April 2023 to launch two funds focused on digital assets: Pacific Waterdrip Digital Asset Fund I (mainly investing in venture capital funds in the primary market) and Pacific Waterdrip Digital Asset Fund II (a POS token income enhancement fund). Now, Pacific Waterdrip Digital Asset Fund has announced the launch of its third digital asset fund, focusing on Bitcoin (BTC) investment. The fund provides convenient deposit methods for qualified investors and institutions, supporting the use of US dollars, USDC and USDT to participate in the virtual asset market, especially in the field of Bitcoin investment opportunities.

C1 Fund, which focuses on the secondary market of digital assets, has announced a strategic partnership with Spartan Group. Spartan Group owns multiple Web3 investment portfolios, including Singapore remittance company Wind based on Polygon, Web3 social network platform Sleek, Layer2 network Kinto, Rollup modular SDK project Stackr Labs, etc. It is reported that both parties plan to jointly promote the enhancement of liquidity in the secondary market of digital assets and contribute to the growth of their invested projects.

Ego Death Capital has announced the launch of a new round of financing, Fund II, aimed at raising $100 million to promote the growth of the Bitcoin ecosystem. Founded in 2021, this venture capital firm is led by Jeff Booth, Andi Pitt, and Nico Lechuga, and has received consulting support from Preston Pysh, Lyn Alden, and Pablo Fernandez. Previously, Fund I raised a total of $25.2 million.

Smart Bitcoin Labs announced the launch of two funds, UTXO Fund I and UTXO Fund II, with a fund size of $5 million, focusing on investments in the areas of Bitcoin Script, Layer2, and Defi. It is reported that Smart Bitcoin Labs was established in March 2023, dedicated to research, investment, and incubation in the Bitcoin ecosystem.

UAE investment company MADA Capital announced a partnership with Creta, a Web3 metaverse gaming platform, through participation in the Creta Ecosystem Growth Fund. Creta is built on the high-performance Locus Chain blockchain, and its platform users can not only act as high-end game and metaverse players, but also become creators of their own content and universe. According to the relevant agreement, MADA Capital promises to actively participate in the financing process of the Creta Growth Fund, accelerate the rapid expansion of Creta's content and developer partnerships, and conduct a series of AAA game acquisitions.

Greater Bay Area Digital Economy Development Conference, Li Haolong, Chairman of Greater Bay Area Capital Group, announced that GBA Capital will launch a $10 billion Web3.0 industry fund to invest in global related tracks such as digital assets, metaverse, NFT, RWA, and help the Greater Bay Area become the "world capital of digital assets". It is reported that multiple signing ceremonies were also held at the conference, with Greater Bay Area Capital Group, the conference organizing committee, and multiple partners signing agreements for future cooperation in the fields of digital economy, digital assets, Web3.0, and metaverse.

Hong Kong Securities and Futures Commission issued a notice stating that public fund products with virtual assets accounting for more than 10% must meet corresponding conditions for their management companies, related investment strategies, and product custody institutions. According to current regulations, generally speaking, institutions holding the Hong Kong Securities and Futures Commission's License No. 9 are not allowed to have virtual assets accounting for more than 10% in their fund portfolios. The latest notice clarifies that if the proportion of virtual assets exceeds (or is expected to exceed) 10%, the management institution must apply to the Hong Kong Securities and Futures Commission for approval before the related products can be sold to Hong Kong investors.