Memecoins are like Powerball for crypto fans: Matrixport exec

    For a lucky few, memecoins can provide a “path to wealth,” but for others, they’re simply a “risky gamble,” Matrixport’s Markus Thielen tells Cointelegraph. Memecoin buyers are playing the crypto-equivalent of Powerball — with many “playing” in the hopes of scoring “life-changing money,” yet only a few will walk away with the jackpot, says Matrixport’s…

    Ex-poker players fund raises $130 million for DeFi bets

    Led by former professional poker players, the Ascensive Assets investment firm has raised a $130 million fund to focus on the decentralized finance (DeFi). That substantially exceeds Ascensive’s first fundraising of $24 million in 2019, backed by Polkaswap, Benqi, Yield Guild Games, and JennyDAO. By the words of Ascensive Assets partner Oliver Blakey, Investors in…