British venture firm Backed VC has closed its third fund at €86 million while making its 100th investment in Europe’s DeepTech scene. The fund focuses on AI-native therapeutics, blockchain infrastructure, and manufacturing automation, with five portfolio companies already achieving unicorn status.
Joe Naggar, a 16-year GoldenTree veteran, has launched an independent $300 million digital asset hedge fund. The new firm, Feynman Point Asset Management, continues the team’s successful investment strategy that has reportedly generated over 42% annualized returns since 2022.
Joe Naggar, who spent 16 years as a partner at Steven Tananbaum’s GoldenTree Asset Management, has reportedly launched an independent hedge fund with $300 million under management, according to industry reports. The move marks the formal spin-out of his digital assets team from crypto-focused investment firm Republic, where they had been operating as Republic Digital.
Federal prosecutors allege two MIT graduates executed a sophisticated $25 million cryptocurrency heist in just 12 seconds. The brothers reportedly searched “money laundering” and other suspicious terms before allegedly manipulating Ethereum trading bots in what their defense calls legitimate trading strategy.
Two Massachusetts Institute of Technology graduates are facing federal charges for allegedly orchestrating what prosecutors describe as a “first-of-its-kind” cryptocurrency scheme that netted approximately $25 million in mere seconds. Brothers Anton and James Peraire-Bueno were indicted on charges of conspiracy, wire fraud, and money laundering in a case that legal analysts suggest could establish crucial precedent for cryptocurrency regulation.
Stripe-supported blockchain infrastructure company Tempo has reportedly secured $500 million in new funding, according to sources familiar with the matter. The investment round values the stablecoin-focused blockchain venture at approximately $5 billion and includes participation from prominent venture firms including Sequoia Capital and SV Angel.
Blockchain infrastructure startup Tempo has reportedly raised $500 million in a funding round that values the company at approximately $5 billion, according to sources familiar with the matter. The investment represents one of the largest blockchain venture rounds in recent years and signals growing institutional interest in cryptocurrency infrastructure.
