Bitcoin wallet targeted by Noah Doe lawsuit transfers $33 million in assets

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The US Commodity Futures Trading Commission is attempting to question CME Group's legal challenge to its new perpetual contract policy. (Source: CoinDesk)

A Bitcoin wallet targeted by the Noah Doe lawsuit transferred assets worth $33 million.

The future of perps in the U.S. may be at stake as the CFTC argues that CME hasn't shown the new policy is hurting it after the agency OK'd its first bitcoin perp.

Spencer Applebaum, General Partner and Co Head of Venture Capital at Multicoin Capital, stated that HYPE is the largest holding of its hedge fund, and all related tokens are purchased through the public market. Multicoin Capital will not follow the example of peers such as Paradigm to expand its investment scope to pure AI and robotics, and will continue to focus on cryptocurrency assets. In addition, the $422 million venture capital fund raised by Multicoin Capital in 2022 had a slower deployment pace due to the decline in startup valuations after the FTX crash. (Source: Bloomberg)