In our May 2024 Finance Bridge, we look at Bitcoin's halving and recent market self-off, Ethereum's staking debates, and key trends, providing insights about the market direction for institutional traders.

Blockchain Asset Management, a cryptocurrency fund with a scale of $100 million, announced the launch of an exclusive blockchain fund for qualified investors. The specific amount of funds raised by the fund has not been disclosed yet, but it is said to have reached "eight figures", which means it is in the tens of millions of dollars. In addition, the investment threshold for the new fund is $100,000, and all investors are required to meet the approved standards (annual income exceeding $200,000, net assets exceeding $1 million).

The BWT Alpine F1 team under Renault announced a partnership with ApeCoinDAO on X platform, which will introduce APE into the Alpine F1 ecosystem and collaborate with global token holders to launch peripheral products and digital assets inspired by the first ApeCoin. It is reported that according to the cooperation between the two parties, in the future, BAYC NFTs may be able to wear equipment and clothing with the Alpine team logo.

According to on-chain data tracking service monitoring , there has been a single transaction on the Bitcoin network with a transaction fee as high as 1.5 BTC, worth about $100,254. It is reported that the sender of the transaction is an address starting with "bc1p4n" and the recipient is an address starting with "bc1pqv".

Nate Geraci, President of ETFStore, stated on X platform that the outflow trend of GBTC has ended, with a revenue of $63 million.

Animoca Brands officially announced that the distribution of MOCA tokens is planned to take place around May 24th. The token release information includes:

Yuga Labs and Improbable announced the migration of Otherside Metaverse to Improbable's Msquared, which is Improbable's interconnected Metaverse network. By rebuilding Otherside, Yuga Labs will provide the community with the ability to build in large-scale environments and interoperability. Improbable and Yuga Labs also announced other news about the development of Otherside, including a large multiplayer game event in July and the launch of Otherside development toolkit World Builder ODK.

According to the official website, friend.tech has opened up the airdrop of the token FRIEND for claiming, with FRIEND currently priced at $3.34. Previously reported, friend.tech will release version 2 and conduct an airdrop on May 3rd.

1. More than $13 billion in funds have been used to participate in Saga staking mining, making it Binance’s largest Launchpool to date

HODL15Capital has monitored that Fidelity's Bitcoin ETF FBTC holds over 150,000 BTC, worth $10 billion.