This Hedge Fund Buys Meme Coins. Here’s Why.
Crypto hedge fund Stratos bought Dogwifhat (WIF) when it was just 1 cent and has since continued investing in meme coins. We spoke with Rennick Palley, founder of Stratos, to hear the firm’s perspective on investing in t...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
BTCS used Ethereum to repay Aave debt and ended Q2 with just $317,000 in cash
Nasdaq-listed Ethereum infrastructure company BTCS swapped ETH into USDT to pay down Aave loans in the second quarter and ended Ju...
This Nasdaq-listed crypto firm is swapping fresh Ethereum buys for an AI pivot
Intchains Group is pulling back from fresh Ethereum purchases after its first-half revenue collapsed by 94% and is now focused on...
Legendary Investor Ray Dalio Touts Bitcoin — With Gold — To Hedge Against Incoming Debt Crisis
Bitcoin Magazine Legendary Investor Ray Dalio Touts Bitcoin — With Gold — To Hedge Against Incoming Debt Crisis Top investor Ray D...
Bitcoin miners are getting a new AI hedge, but it may protect them from the wrong risk
The US derivatives regulator is exploring a market for futures tied to AI computing power just as Bitcoin miners pour hundreds of...
BTCS Repays $8.2M Aave Debt As Ethereum Balance Sheet Strategy Shifts
BTCS Inc. reduced its DeFi leverage in the second quarter, repaying $8.2 million in debt to the Aave protocol as the company shift...
Shinhan Targets $30 Trillion RWA Boom with KRW Tokenized Fund on Solana
Key Takeaways: Shinhan Asset Management is also creating a KRW-stablecoin-based tokenized fund on the Solana blockchain. The proje...