NEW: Galaxy Digital Reports Crypto VC Investment Hits $3.2B Despite Slow Market

Galaxy Digital reports a resilient venture capital scene in crypto with Q2 investments reaching $3.19 billion, up from $3.16 billion in the previous quarter. The number of deals rose by 8% to 739, indicating sustained investor interest despite broader market uncertainties. Notable growth areas included Web3 and Layer 1 projects, which collectively drew significant funding.

Amid fluctuating cryptocurrency prices, the disconnection between Bitcoin’s market performance and venture capital investments suggests a more nuanced, mature approach to funding innovation. Significant investments in Bitcoin Layer 2 projects, which saw a 174% increase in funds, exemplify the sector’s dynamism and investor confidence in infrastructure development.

The increase in venture activities, especially in early-stage deals, predicts a potentially vibrant latter half of 2024 for the crypto sector. With venture capitalists competing more fiercely, the current trajectory positions 2024 to rival the peak investment years of 2021 and 2022, hinting at a robust future for crypto ventures.

Karate Combat to Launch at Bitcoin 2024 Conference in Nashville

Karate Combat, a premier full-contact striking league, is set to feature at Bitcoin 2024, the world’s largest Bitcoin conference, later this month in Nashville, Tennessee. The event will take place at the Nashville Municipal Auditorium on July 25th, starting at 6:00 PM ET.

“Feel the intensity of every kick, punch, and block as world-class martial artists and influencers step into the legendary Karate Combat pit to battle it out for supremacy, all under the roof of Bitcoin Nashville,” the event’s website stated. “You don’t want to miss your chance to be part of history in the making.”

The highlight of the event will be the “Influencer Fight Club 3,” featuring high-profile matchups such…

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Lightspeed Newsletter: A conversation with Solana’s first VC

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter.

Howdy! 

We’re currently in the worst sports month of the year — especially with the USA knocked out of Copa America — and the situation got so dire that I started watching the Tour de France. Congrats to Mark Cavendish for breaking some kind of record. I should really go touch some grass.

Now for the story of someone who bought Solana at $0.04 per token:

Q&A: The true confessions of Solana’s first VC

Edith Yeung was investing in early stage companies at 500 Startups when she met Anatoly Yakovenko, who pitched her on the…

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Bitcoin Core Announces New Security Disclosure Policy

A group of Bitcoin Core developers has introduced a comprehensive security disclosure policy to address past shortcomings in publicizing security-critical bugs.

This new policy aims to establish a standardized process for reporting and disclosing vulnerabilities, thereby improving transparency and security within the Bitcoin ecosystem.

Several previously undisclosed vulnerabilities are also included with the announcement.

What is a Security Disclosure?

A security disclosure is a process through which security researchers or ethical hackers report vulnerabilities they discover in software or systems to the affected organization. The goal is to allow the organization to address these…

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US, German governments have sent $738M in bitcoin to exchanges over the last 2 weeks

Germany and the US are seemingly competing for who can spook bitcoin markets more.

Addresses linked to German and US governments have recently sent $737.6 million in bitcoin to exchanges including Coinbase, Bitstamp and Kraken, as well as some to OTC desk operator-slash-market maker Flow Traders.

Germany makes up about three-quarters of that total, with its deposits spread across 30 different transactions — usually in the morning around 9 am local time. 

While it’s unclear whether all the bitcoin was actually sold (a portion has since been returned to the original addresses), Germany’s transfers to exchanges are believed to be the first ever, at least going by Arkham Intelligence…

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