Hakan Ateşler 
Crypto funds closed another week in the minus. A net $206 million came out of funds last week. Bitcoin funds sold $192 million and Ether funds sold $34 million. Experts say that investor appetite in ETFs continues to decline and the main reason for this is the view that the Fed will support the high interest rate environment for longer than expected.
Midas, one of Turkey’s most important investment platforms, announced that it has received an investment of $45 million in a Series A funding round. The company also announced that it will provide cryptocurrency investment services in the near future.
Shiba Inu has raised $12 million through a token sale for its new privacy-focused layer 3 blockchain. Animoca Brands and Polygon Ventures are among the investors. It is stated that the fund raised in investment rounds that do not include token sales is close to $400 million.
It is stated that the bankruptcy management of FTX, which recently gave the Solanas it held in private sales to companies such as Pantera and Galaxy Digital, decided to sell the last remaining part by auction. It is also certain that SOL tokens will remain locked for a certain period of time.
Bitcoin transaction fees, which broke a historic record with the launch of the Runes protocol after the reward halving that took place on the night between Friday and Saturday, almost crashed yesterday and this morning and started to return to normal. Medium priority transactions are hovering around $10. Bitcoin price has been increasing since the morning hours.
Tether, the issuer of USDT, the largest stablecoin with a market capitalization of $108 billion, announced that it will support both its stablecoin and the gold-indexed XAUT coin on Telegram’s TON blockchain.
Blockchain infrastructure company Aptos Labs has partnered with organizations including Microsoft and Brevan Howard for its institutional platform, Aptos Ascend. The platform aims to bring DeFi to the corporate world.
A whale that started buying Bitcoin at peak levels in March has collected a total of 3760 Bitcoins less than a month later.
Andreessen Horowitz (a16z), one of the largest venture capital firms in the US and the world, raised $7.2B in a new funding round. It was also stated that the company is considering to raise funds for cryptocurrencies in 2025 and increase its investments in this area.
In March; Solana-based DePin project io.net, which received investment from many companies including crypto giants such as Solana Ventures, OKX Ventures, Aptos Labs and Sandbox, announced the token economy of its own coin, IO. The total supply will be 800 million tokens, while 300 million tokens will be distributed to infrastructure providers over the years.