List of Flash News about AI Web3
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11:12 |
Hong Kong Family Office VMS Group Enters Crypto with $10M DeFi Investment, Highlighting AI and Web3 Convergence
According to @KookCapitalLLC, a significant move signaling growing institutional confidence in digital assets is underway as Hong Kong family office VMS Group, with nearly $4 billion AUM, makes its first foray into crypto. The firm is allocating up to $10 million to DeFi hedge fund Re7 Capital, driven by a need to diversify into more liquid investments and encouraged by clearer crypto regulations and rising institutional demand, as reported by Bloomberg. This strategic shift coincides with the powerful convergence of AI and Web3, exemplified by innovators like Daniela Amodei, whose AI firm Anthropic achieved a $61.5 billion valuation, and Nkiru Uwaje, whose company MANSA has used stablecoins to facilitate $92 million in payments. Amid these institutional and technological developments, market data shows Ethereum (ETH) trading around $2,562.07 and Solana (SOL) near $151.87, reflecting the active landscape these new investments are entering. |