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Binance Receives $2,000,000,000 Investment From Abu Dhabi Investment Firm MGX

The world’s largest crypto exchange platform by volume is receiving $2 billion worth of investments from a state-owned Emirate investment firm focused on technology and artificial intelligence (AI). In a new thread on the social media platform X, Binance announces that it will be taking its first institutional investment on record – a staggering $2 billion worth of stablecoins from the wealth fund MGX, the single largest investment in a crypto firm ever. “MGX, an Abu Dhabi sovereign wealth fund, invests $2 billion in Binance for a minority stake. The transaction will be 100% in crypto (stablecoins), marking it the largest investment transaction done in crypto to date. This is also the first institutional investment Binance has taken. Onwards… Build!” In a recent press release, Binance notes that the investment was MGX’s first foray into digital assets and that the firm obtained a minority stake in the exchange “as part of a broader strategy to support blockchain’s transformative impact on society.” The press release notes that Binance CEO Richard Teng used to be CEO of the Abu Dhabi Financial Services Authority, and “played a key role in initiating one of the world’s first crypto regulatory frameworks.” In a post on the social media platform X, Binance co-founder Yi He said that Binance welcomes investments from sovereign wealth funds, but not financial investors. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Binance Receives $2,000,000,000 Investment From Abu Dhabi Investment Firm MGX appeared first on The Daily Hodl . The Daily Hodl

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Bitcoin Bull Cathie Wood’s Company Speaks About BTC For The First Time After The Fall – Still Bullish?

Cathie Wood`s investment firm Ark Invest maintains a bullish position on Bitcoin despite the market experiencing a pullback in March. The firm, which manages $6 billion in assets, reassured investors with a note that its long-term outlook for BTC remains optimistic. “We believe policy changes and technological breakthroughs in areas such as artificial intelligence and robotics are revitalizing spending and boosting productivity,” Ark Invest said. While the firm did not provide specific details on how AI and robotics will increase Bitcoin’s value, previous research has suggested that the convergence of AI and cryptocurrencies could add $20 trillion to the global economy by 2030. Related News: BREAKING: Coinbase Announces It Will List a New Altcoin Ark Invest also pointed to deregulation and tax cuts as potential catalysts for Bitcoin’s recovery from recent market volatility. US President Donald Trump has vowed to cut taxes and ease crypto regulations, moves that could significantly impact investor sentiment. Despite these promises, Bitcoin fell below $80,000 this week for the first time since November. Investor sentiment continued to falter on Monday as market participants pulled $430 million from U.S. spot Bitcoin exchange-traded funds (ETFs). Ark Invest’s own Bitcoin ETF, ARK 21Shares, led the decline with $147 million in outflows, according to Coinglass. The firm currently operates six cryptocurrency ETFs. Despite these challenges, Ark Invest believes the market is entering an extremely bearish period. “In our view, the market has turned too pessimistic in response to current macroeconomic and geopolitical sentiment,” the firm wrote. *This is not investment advice. Continue Reading: Bitcoin Bull Cathie Wood’s Company Speaks About BTC For The First Time After The Fall – Still Bullish? The Daily Hodl