Trend Research’s 46,379 ETH purchase vaults the private company into the top tier of ETH treasuries, behind only SharpLink Gaming and BitMine Immersion Technologies. Trend Research purchased 46,379 Ether (ETH) on Wednesday to raise its holdings to about 580,000 ETH, making it larger than most public Ethereum treasuries tracked by CoinGecko. Only two listed companies, SharpLink Gaming and BitMine Immersion Technologies, currently report bigger ETH balances, with 859,853 ETH and 4,066,062 ETH, respectively. Trend Research is not a publicly listed company and therefore does not appear in most Ethereum treasury rankings. Still, it has drawn industry attention for its rapid ETH accumulation. Read more
HashKey Capital has raised $250 million in commitments for the first close of its fourth crypto fund amid continued institutional demand despite volatile market conditions. HashKey Capital secured $250 million in commitments in the first close of its fourth crypto-focused fund amid “significant interest” from institutional investors despite shifting market conditions. The fund, known as “HashKey Fintech Multi-Strategy Fund IV,” exceeded initial expectations at its first close and is targeting a final size of $500 million, the company said in a news release on Wednesday. HashKey did not identify its investors, but said the commitments came from a mix of global institutional investors, family offices and high-net-worth individuals. Read more