Matrixport Co-Founder Says Crypto Market Mirrors Early June: What This Means
In a recent commentary on X, Daniel Yan, co-founder of Matrixport and CIO at Kryptanium Capital, offered a detailed comparison between the current crypto market dynamics and those observed in early June. His insights are especially relevant as the market approaches several key economic releases that could significantly influence the trajectory of major cryptocurrencies like Bitcoin (BTC) and Solana (SOL). History Repeating For The Crypto Market? Yan’s analysis began with an overview of the current market recovery, noting that both BTC and SOL are “grinding at key technical....
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Matrixport, the digital currency financial services company co-founded by the former Bitmain CEO Jihan Wu, has revealed the company has raised $100 million in a Series C financing round. The funding has propelled Matrixport’s valuation to unicorn status as the firm now has a valuation of over $1 billion. Matrixport Now Valued at $1 Billion, Company Raises $100 Million in Series C On Sunday, the company Matrixport, a financial services firm that specializes in cryptocurrency solutions, management, and custodial services, revealed the company has raised $100 million from a slew of....
Seven months ago, during the first week of May, the digital currency entrepreneur Jihan Wu said at a conference that he expects the crypto industry to surpass the internet and the following August, Wu’s firm Matrixport raised $100 million and joined the crypto industry’s growing list of unicorns. This week an interview with Wu was published and the billionaire said that he believes crypto and blockchain space will grow to tens of trillions of dollars in value.
Jihan Wu: ‘Crypto and Blockchain to Grow to Tens of Trillions of Dollars’ in the Future
The....
The financial asset services platform Matrixport has introduced a variety of new products since the firm raised $100 million in a Series C financing round during the first week of August. Following the launch of the company’s “ETH2.0 Staking Earn” earning service, Matrixport has introduced another service product called “BTC-U Range Sniper” which allows traders to earn high returns when bitcoin values move within a specified price range. Matrixport Launches Ether Staking and Range Sniper Bitcoin Product The Singapore-based Matrixport has been unveiling a....
The recent buzz surrounding the potential approval of a Spot Ethereum ETF has not only propelled Ethereum’s price but also sparked significant interest in Solana as a strong follow-up candidate for ETF consideration. Amid this optimism, Daniel Yan, co-founder of Matrixport, has proposed a strategic pivot for investors, suggesting a focus on Solana (SOL) in […]
Bitcoin price (BTC) is currently displaying a significant uptrend, showing no signs of slowing down. The cryptocurrency has already begun its fifth bull run, with impressive price targets anticipated in the coming year. A recent report from Matrixport highlights BTC’s history of four distinct bull market cycles, each driven by a unique narrative. However, the latest bull market, which started on June 22, 2023, stands out due to its primary driving force: institutional adoption. Per the report, this surge in institutional interest can be attributed to Bitcoin’s characteristics,....