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.

According to @consensus2025, the major cryptocurrency event Consensus 2025 will shift its locations from Toronto to Hong Kong and Miami next year. This strategic move signals growing interest and regulatory openness in these cities, offering traders potential new market opportunities and liquidity hubs. Hong Kong's recent pro-crypto policies and Miami's established crypto-friendly environment could impact Bitcoin and altcoin price action, trading volumes, and institutional participation. Source: @consensus2025 on Twitter.