Cryptocurrency-focused investment firm Paradigm, which was co-founded by Coinbase co-founder Fred Ehrsam and former Sequoia Capital partner Matt Huang, is in talks to raise a new fund of between $750 million and $850 million.
The Bank for International Settlements (BIS), along with central banks from major economies including France, Japan, and the United States, has embarked on a groundbreaking initiative called Project Agora to explore the potential of asset tokenization within the monetary system.
Fueled by the ongoing cryptocurrency bull market, insurance funds held by major crypto exchanges have ballooned by over $1 billion, with Binance’s Secure Asset Fund for Users now boasting over $2 billion.
Top stories in the Crypto Roundup today:
- Paradigm Seeks Up to $850 Million for Crypto Fund
- BIS and Seven Central Banks Join Forces to Explore Digital Currency Innovation
- Crypto Exchange Insurance Funds Soar By Over $1 Billion
- Chart of the Week: Ethereum Fees See Minor Decline After Dencun Upgrade