
Singapore’s Bybit offers record $150M sponsorship to Red Bull’s Formula 1 team
The $150 million three-year deal is the largest crypto related-sponsorship for traditional sports in the world so far.
Follow crypto investment news, capital flows, venture activity, institutional strategies, and portfolio moves across digital assets.

Betterment will enable its customers to invest in expert-built, diversified crypto portfolios.

Tesla recorded an impairment loss of $101 million on its Bitcoin holdings for 2021.

On Jan 10th, the first stage of PulseX’s “sacrifice” ended, bringing total investment into the project to $1 billion and making it one of the largest funding rounds (albeit unofficial) in crypto history.

KPMG in Canada adds both bitcoin and ether to its corporate treasury. The crypto asset allocation is a first-of-its-kind investment for the accounting and advisory company.

At the time of Cruz’s purchase, Bitcoin was trading in the $36,000 and $37,000 ballpark, down roughly 47% from its ATH.

Investors have kept flocking crypto startups despite the value of digital assets falling drastically in January.