A high-profile creator coin experiment on Coinbase's Base L2 saw a token's valuation plummet by 67% from a $9 million peak, sparking widespread criticism of the SocialFi model's viability.
Hong Kong-based B7 Capital has launched a $100 million Crypto Quantitative Strategy Fund of Funds to invest in specialized digital asset trading teams.
A trader reportedly profited approximately $1 million by exploiting unusual market maker activity in the BROCCOLI714 memecoin on Binance on New Year's Day.