We value your privacy

We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. By clicking "Accept All", you consent to our use of cookies. Cookie Policy

Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Bestla VC Weekly Market Recap Friday Focus – VCs and Projects

Shape Shape

This week has been a transformative period for venture capital and blockchain innovation. From Bitcoin’s ETF milestones to sustainable tech investments, the crypto ecosystem is abuzz with opportunities for early-stage and growth-focused investments. Bestla VC continues to align with these dynamic trends, identifying the ventures that will redefine industries and set the stage for future breakthroughs.

Market Overview:

Bitcoin (BTC): $98,067.22, dump 4.29% over the last 24 hours

Ethereum (ETH): $3,865, dump 1.74%

Ripple (XRP): $2.27, dump over 5.55%

BNB: Priced at $720, with a 2.37% dump.

Solana: Trading at $239.95, pump 1.76%.

KEY HIGHLIGHTS

  • Tezos Innovates in Energy Markets: Tezos unveiled the first blockchain-based uranium marketplace, showcasing the expanding utility of blockchain in non-traditional sectors​
  • Liquid Bitcoin Staking on Sui: Babylon Labs, in partnership with Lombard, introduced a new liquid staking solution on the Sui blockchain, targeting sustainable yield generation​
  • Clean Energy Investment Spike: Indonesia surpassed $30 billion in crypto transaction volume this year, with significant investments directed toward renewable energy-backed tokens​
  • AI and Blockchain Synergies: Several blockchain startups reported advances in integrating AI technologies for predictive analytics in trading, improving portfolio management for institutional and retail investors​
  • Bitcoin’s $100K Speculation: Analysts predict Bitcoin could hit $100,000 in December, driven by institutional inflows through Bitcoin ETFs. However, BTC saw net outflows of $458 million this week and has been consolidating around $96,795 after dropping to $92,000 earlier. Whale accumulation remains strong, signaling optimism​
  • BlackRock Spot Bitcoin ETF Filing Update: BlackRock, leading the ETF race, reportedly added “effective” clauses to their spot Bitcoin ETF filing. This development hints at potential regulatory approval soon​
  • Ethereum Staking Milestone: Ethereum’s staking ecosystem hit a record high of 32.9 million ETH, demonstrating strong network participation and reduced selling pressure amid the ongoing staking trend​
  • Polygon and Solana Networks Gain Momentum: Polygon unveiled a new partnership to bring advanced zkEVM technology to gaming, while Solana saw increased developer activity, fueling its reputation as a leader in blockchain performance​
  • Web3 Gaming Growth: Investment in Web3 gaming soared, with several projects receiving funding to innovate the intersection of gaming and blockchain technology. This trend signifies increasing mainstream adoption of blockchain gaming​
  • Altcoin Market Performance: Altcoins experienced mixed performance, with top gainers in DeFi and layer-2 ecosystems. These surges are attributed to developer upgrades and new partnerships​
  • Regulatory Clarity in the EU: The EU advanced its MiCA regulations, providing clear compliance pathways for crypto businesses. This has encouraged institutional players to expand their operations in Europe​
  • DeFi Expansion: Decentralized finance protocols reached $50 billion in total value locked (TVL) again, driven by innovative yield farming mechanisms and cross-chain compatibility​
  • Ripple’s Expansion Plans: Ripple announced initiatives to expand its remittance services in Latin America, leveraging XRP’s cross-border capabilities​
  • Crypto Adoption in Asia: Reports suggest increasing adoption of digital currencies across Southeast Asia, particularly for remittances and fintech integrations​
  • Market Resilience: Despite a dip in major coin prices, the overall market cap held steady, reflecting investor confidence in the long-term potential of blockchain technology​

As the crypto industry matures, each week brings a fresh wave of innovation and strategic opportunities. This week’s highlights, including institutional adoption and advancements in green tech and DeFi, underscore the untapped potential for VC investments in blockchain-driven ventures. At Bestla VC, we remain steadfast in our mission to back visionary founders and technologies shaping the future of finance and sustainability.

Post Tags :

Leave a Reply

Your email address will not be published. Required fields are marked *