If there is a problem in this market or if it is very pessimistic, then the high probability of fleeing or rushing away is institutions and capital, not retail investors, because institutions and capital are often more aware of dangerous information than retail investors, and now capital is already in the market. Are you out of the crypto market? No, on the contrary, they are still scrambling to get involved in this market, seeing this market as a potential stock to be developed.
FTX Trading Ltd, the owner and operator of the encrypted asset exchange FTX, announced today that it has completed a US$900 million Series B financing, with a post-investment valuation of US$18 billion, one of the largest financings in the history of the encryption industry. The investors are traditional investment institutions that we are familiar with, including Sequoia Capital, Softbank, Ribbit Capital, Paul Tudor Jones Family Office, Coinbase Ventures, Paradigm and more than 60 investors participated in the investment.
When the encrypted trading platform receives such a large amount of investment, it shows that investment institutions are optimistic that the future business of the trading platform can be further expanded. What is the main business of the encrypted trading platform? Naturally, more people will participate in transactions in this market, and FTX can use its own advantages to attract more users and expand its own business volume, which also shows that investment institutions are optimistic about the future of the cryptocurrency market.
In addition, FTX will also use this financing to expand its business. Of course, it is not limited to the expansion of encrypted exchanges. In the previous interview, the founder of FTX, SBF, clarified the purpose of this "sky-high" financing. First, Find strategic allies to help FTX grow and form partnerships with investors. The second is that there are more M&A capital, which may be non-cryptocurrency companies, trading stores, and NFT platforms, etc., which means that FTX considers using the money raised to invest.
Not only FTX, but also another unicorn in the cryptocurrency market—Opensea.
According to CoinDesk, OpenSea, an NFT market platform, recently completed a US$100 million Series B round of financing led by the famous Silicon Valley venture capital a16z (Andreessen Horowitz), with a post-investment valuation of US$1.5 billion. In the A round of investment four months ago, it was also led by a16z.
Friends who are familiar with the NFT market should be familiar with Opensea. It was the undisputed leader in the NFT market before Axie came out. Its growth scale is also very rapid. From the A round of financing of 23 million US dollars to the B round of financing of 100 million US dollars, Only 4 months have passed.
Needless to say about a16z, previous investment experience includes Coinbase (earning tens of thousands of times), Uniswap, compound, Filecoin and other giants in various sectors of the encryption market.
There is no difference between the cryptocurrency market and other financial markets. As long as there are hot spots and potentials, hot money will pour in. Therefore, under such a market, there are still sky-high financing pouring into this market, which shows that people see The direction is different from what ordinary people consider. Investment institutions are betting and optimistic about the future.
Therefore, at present, it is suggested that everyone should not worry about temporary gains and losses, and can take a long-term view. The investment results of many investment institutions are obtained after a lot of analysis. You must know how to be friends with time.
Going back to the market, the market was hovering below $30,000 for the past two days. Until today at around 12:00 noon, the market suddenly pulled up and returned to above $30,000, which was close to $31,000 at one point.
Although the current position is not very reassuring, but the market sentiment has improved slightly, and in the short term, it is also facing a small hurdle, that is, whether it can successfully stand at 31,000 US dollars, the most important thing is whether it can Make the market fluctuate further, instead of simply falling negatively all the time, which may be more pessimistic than plummeting.
Today's market rebound may have something to do with the tripartite talks between Musk, Jack Dorsey and Mrs. Wood, mainly around the discussion of Bitcoin. Although there is no result yet, the market expectations are still good. Mrs. Wood and Jack Dorsey are Among the absolute supporters of Bitcoin, only Musk is jumping repeatedly. It is expected that Ms. Wood and Jack Dorsey may face Musk in the end.
The market is still going step by step. The current small target above is to stand firm at $31,000, and the bottom support is still $28,800.
