Analysts expect bitcoin to remain above its 200-day moving average.
The manager will look to develop business and investments around digital currencies, among other responsibilities.
Sroge takes over from Brian Brooks, who resigned unexpectedly after just four months.
“It just shows that staking on Eth 2.0 is incredibly popular,” said Ben Edgington, lead product owner at ConsenSys.
The funding will be used to invest in virtual worlds in the play-to-earn space.
The funding round brings the firm’s total assets under management to over $500 million.
A global center for finance, Hong Kong is an often overlooked hub for the blockchain industry, as documented in "Block Kong."
The SEC chief has a point: DeFi is often not as decentralized as its proponents like to claim.
Quintenz will leave by Aug. 31.
Former Oklahoma State star Cade Cunningham's multi-year deal with the crypto lender includes a bitcoin signing bonus.
Wyre’s push-to-debit program will now allow instant payouts of crypto holdings to users' bank accounts using the Visa debit cards.
Polygon's aim is for the DAO to attract 100 million users.
JPMorgan also registered its passive bitcoin fund with U.S. regulators Thursday.
Ethereum blockchain transaction records confirm the transfer of 160 ETH (about $480,000) to the "Poly Network Exploiter 2" wallet address.
Funding will also go toward external communication campaigns and to build out Chainflip’s products and team.