Venture capital funds, private equity groups, and accountancy firms are leveraging the latest artificial intelligence (AI) to identify investment targets and start-ups, betting that the technology can give them an edge over their rivals.

Tribe Capital, a Silicon Valley-based venture capital firm, plans to launch a $250 million fund dedicated to the Indian market. The fund will be managed by a local team based in New Delhi and will invest in sectors such as artificial intelligence, software, and fintech.

Hong Kong's potential as a crypto hub is on the rise, according to CMCC Global, a venture capital company focused on blockchain technology and backed by Richard Li.

Earlier today, OPNX revealed that its major investors included AppWorks, Susquehanna (SIG), DRW, MIAX Group, China Merchant Bank International, Token Bay Capital, Nascent, and Tuwaiq Limited.

The floor price of former US President Donald Trump's NFTs has declined 58% to 0.183 ETH, or roughly $382, in the 24 hours after he announced a second collection on April 18.

Despite regulatory uncertainty and attacks on the crypto sector in the United States, venture capital investment has continued to flow into the crypto and Web3 space. Some of the biggest fundraises in the sector so far in 2023 include LayerZero, which raised $120 million from a16z and Sequoia Capital, among others; Scroll ZKP, which secured $50 million in funding at a $1.8 billion valuation with investors including Polychain Capital and Sequoia; and Eigenlayer, which raised $50 million in a round led by Blockchain Capital. Other projects that have raised VC funding this year include Plai Labs with $32 million and Sei Network with $30 million. Companies in the crypto sector are also looking to Asia, with several large multi-million dollar funds launched to invest in Asian Web3 and crypto startups, and Hong Kong is poised to become a hub for VC investment when it rolls out its crypto framework in June. (cryptopotato)

With capital becoming increasingly expensive, VCs and investors now have to think twice before funding something. I like it this way because they will be encouraged to find a project really worthy of their money.

The Commodity Futures Trading Commission's Christy Goldsmith Romero spoke about a "trust deficit" among venture capital firms in a speech delivered last month. Romero added there should have been red flags regarding FTX, giving voice to growing rumbling from Washington about the industry. 

Q4 2022 saw investment capital inflows of $2.3 billion, continuing the trend since April sparked by the collapse of Terra and subsequent fallout.