FTX $900M Funding Largest Crypto Raise Ever - Whales Buy The Bitcoin Dip - Flare Songbird Token

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Sam Bankman-Fried’s FTX crypto exchange has raised the largest funding round in crypto history. The exchange’s $900 million Series B round included more than 60 investors with valuation of $18 billion.
Cathie Wood's Ark Invest Bitcoin buying spree continued Monday as its $ARKW ETF added 310,000 Grayscale shares worth almost $8 million.
Rothschild Investment Corp has almost quadrupled its indirect bitcoin position since April, showing a “buy the dip” mentality during BTC’s recent price decline. A filing with the United States Securities and Exchange Commission (SEC) from July 19 shows that the investment manager's holdings of the Grayscale Bitcoin Trust (GBTC) grew to 141,405 shares in Q2 2021, up from 38,346 in Q1.
Fidelity's crypto study shows "71% of institutional investors surveyed in Fidelity Digital Assets' 2021 Institutional Investor Digital Assets Study plan to invest in digital assets in the future, & more than 90% of investors who expressed an interest expect to have an allocation within 5 years."
JPMorgan is on a blockchain hiring spree.
Flare Networks is launching a new network called Songbird and all who have secured their $FLR token airdrops will now also receive a proportional airdrop of $SGB tokens. Songbird is to $FLR what Kusama $KSM is to Polkadot $DOT.

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Crypto News

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