The proposal’s 36 voters unanimously backed Rally’s plan to spawn a venture studio, an Asia-focused affiliate and other new entities.
Paradigm and Founders Fund each invested $7 million, the crypto-savvy DJ told CoinDesk, with Paradigm’s Fred Ehrsam joining the board.
Backed by an array of high-frequency traders, the data pipeline’s mainnet launch is imminent. But key details like governance structure remain unresolved.
The league is making its first foray into NFTs as it looks to capitalize on a surge of new fans.
Osprey appears to have beaten Grayscale in the race to get a Solana vehicle into the market.
The investments manager said it confidentially filed for a bitcoin futures ETF months ago.
"Our data now spans far more of the crypto and blockchain ecosystem," said Galaxy's Steve Kurz.
The investment manager has tweaked its strategy and will now focus its crypto investments solely on bitcoin.
The transaction occurred on the secondary market; Deribit declined to state its current valuation.