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SkyBridge Capital Rolls Out Bitcoin Mining Fund Business

Daily Market Wrap


  • Crypto market cap: 1.80 trillion, down 2.24%

  • BTC price stands at USD 39,078, down 1.24%

  • ETH price stands at USD 2,862, down 2.47%

  • Top gainer: STEPN (GMT), up 5,71%

  • Top loser: Moonbeam (GLMR), down 11.47%


News of the Day


SkyBridge Capital has started a new fund for Bitcoin mining businesses according to an SEC filing


Why it matters:

  • The new SkyBridge BTC Mining has already secured $7.04M, according to an SEC filing dated April 21, 2022

  • The fund will co-invest in privately held, industrial-scale bitcoin miner Genesis Digital Assets

  • SkyBridge Capital founder Anthony Scaramucci used to say that the 2024 presidential candidates will be pro-crypto


Crypto daily spotlight


Over 11,000 ETH was locked forever due to the bug found inside the contract of Akutars NFT Dutch Auction


Brief introduction: Akutars is a collection of unique 15,000 three-dimensional avatars launching on the Ethereum blockchain. Akutars was first released on April 22 with collaborations from streetwear brands like Billionaire Boys Club, Pharrell William‘s skate brand Ice Cream, Roc Nation‘s apparel line Paper Planes, PUMA, Upscale Vandal, and NYC streetwear outpost WHO DECIDES WAR. Also, Akutar holders will have an access to “Akuverse,” the project’s digital and physical metaverse concept.


Why it matters:

  • Prior to the Exploit, the team ignored warnings from @notchefbob, who first discovered the bug, leading to 11,539.5 ETH locked in the smart contract forever

  • The AkuDreams team acknowledged the exploit early Saturday and promised it would return funds to the community

  • The attacker who executed the exploit unblocked it and left a message “Well, this was fun, had no intention of actually exploiting this lol. Otherwise, I wouldn’t have used Coinbase. Once you guys publicly acknowledge that the exploit exists, I will remove the block immediately. — USER221”


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