Anthony Scaramucci’s SkyBridge Capital investment firm has reportedly already invested $182 million in bitcoin. The firm has a total of $9.3 billion in assets under management and is launching the SkyBridge Bitcoin Fund LP in January.

Nasdaq-listed firm Greenpro Capital (NASDAQ: GRNQ), which calls itself a “business incubator,” has revealed it plans on setting up a Bitcoin Fund for investment. The firm provides cross-border financial services for businesses and high-net-worth individuals.

Ripple has released a statement on the U.S. Securities and Exchange Commission’s lawsuit against the firm, alleging it sold $1.3 billion worth of unregistered securities. Ripple said the lawsuit already hurt “countless innocent XRP retail holders” with no connection to the firm.

Top stories in the Crypto Roundup today:

• SkyBridge Capital Invested $182 Million in Bitcoin
• Nasdaq-Listed Firm Greenpro Plans $100 Million Bitcoin Fund
• SEC Lawsuit Hurt ‘Countless Innocent XRP Retail Holders’, Ripple Says
• CEl, CRV, DOT Are Moving in the Crypto Market

SkyBridge Capital Invested $182 Million in Bitcoin

Anthony Scaramucci’s SkyBridge Capital investment firm has reportedly already invested $182 million in bitcoin. The firm has a total of $9.3 billion in assets under management and is launching the SkyBridge Bitcoin Fund LP in January.

An investor brochure reportedly shows the fund has already invested $25 million in bitcoin, and will be open as of Jan. 4 to outside investors putting in at least $50,000. In the brochure touting the bitcoin fund, SkyBridge laid out the appeal of BTC to investors.

Per SkyBridge, bitcoin “is digital gold” and is “better at being gold than gold.” The brochure reportedly describes BTC as an emerging asset class that has become less risky in the last few years, with attractive supply-and-demand dynamics.

The firm believes hedge funds, public company treasurers, pension funds, insurance companies, banks, and brokerage firms will be investing in the cryptocurrency space.

Nasdaq-Listed Firm Greenpro Plans $100 Million Bitcoin Fund

Nasdaq-listed firm Greenpro Capital (NASDAQ: GRNQ), which calls itself a “business incubator,” has revealed it plans on setting up a Bitcoin Fund for investment. The firm provides cross-border financial services for businesses and high-net-worth individuals.

Its portfolio encompasses banking, health, wellness, art, and technology. Greenpro will acquire bitcoin through a subsidiary, CryptoSX. The firm’s CEO CK Lee said he’s instructed Greenpro investment bankers to raise debt in the first quarter of 2021 up to $100 million to invest in BTC.

Lee also plans to invest the company’s cash in bitcoin. After the bitcoin fund announcement was published, the firm’s stock saw a considerable rise.

SEC Lawsuit Hurt ‘Countless Innocent XRP Retail Holders’, Ripple Says

Ripple has released a statement on the U.S. Securities and Exchange Commission’s lawsuit against the firm, alleging it sold $1.3 billion worth of unregistered securities. Ripple said the lawsuit already hurt “countless innocent XRP retail holders” with no connection to the firm.

Ripple added that the charges “needlessly muddied” the regulatory environment for the whole crypto industry. The firm added it would continue to support “all products and customers,” and that the “majority” of its users are not in the U.S.

The statement adds there are “clear rules of the road using XRP in the UK, Japan, Switzerland and Singapore,” and that it will defend its company and “look forward to settling this matter in court to finally get clarity for the U.S. crypto industry.”

CEl, CRV, DOT Are Moving in the Crypto Market

Several tokens are leading the charge in the last 24-hour period. Some of these are well-known cryptocurrencies with rather liquid trading pairs, so we’ll be focusing on these over low-cap cryptos that may have higher percentage changes.

Celsius Network (CEL) - Celsius Network is an Ethereum-based value-driven lending and borrowing platform. The Celsius Wallet was designed to allow members to use coins as collateral to get a loan in dollars, and in the future, to lend their crypto to earn interest on deposited coins. CEL is up 20.52% in the last 24 hours.

Curve Token (CRV) - Curve is an exchange liquidity pool on Ethereum (like Uniswap) designed for (1) extremely efficient stablecoin trading (2) low risk, supplemental fee income for liquidity providers, without an opportunity cost. CRV is up 13.69% in the last 24 hours.

Polkadot (DOT) - Polkadot enables cross-blockchain transfers of any type of data or asset, not just tokens. Connecting to Polkadot gives users the ability to interoperate with a wide variety of blockchains in the Polkadot network. DOT is up 10.98% in the last 24 hours.

State of the Crypto by Top Tier Exchange Volume

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