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Huobi, a leading cryptocurrency exchange, has announced the creation of a new investment arm to tackle decentralized finance and Web3 projects. Ivy Blocks, as it was named by the exchange, will focus on finding projects in seed stages to aid them via financing and other supporting services with the objective of making a “better, more inclusive” Web3 ecosystem.

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Andreessen Horowitz plans to plow billions of dollars into crypto start-ups while digital asset markets are in a rut.

The Silicon Valley firm announced a new $4.5 billion fund for backing crypto and blockchain companies on Wednesday

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Grayscale will list an exchange-traded fund (ETF) in Europe made up of companies representing the "Future of Finance", the world's largest cryptocurrency asset manager said in a statement on Monday.

LUNA on the hand has shed off all of the gains it has accrued over the past 12 months as it slumped to its 52-weeks low of $0.8384. The fall of the LUNA comes off as a bigger surprise to the crypto world as such a plunge is uncommon, especially for an established blockchain protocol that attained its All-Time High (ATH) of $119.18 barely a month ago.

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Flow, the Web3 platform powering next-generation games, apps and digital assets including NBA Top Shot and NFL All Day, today announced a new $725 million Ecosystem Fund designed to hypercharge innovation and growth across the Flow
community.

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Instagram head Adam Mosseri announced today that the platform is going to start testing NFTs with select creators in the United States this week. Mosseri noted that there will be no fees associated with posting or sharing a digital collectible on Instagram - TechCrunch

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Jitendra Kale, crypto-analyst, AEDD-INRD, said: Indian crypto community plans to expand its foot print in the Middle East as Dubai is at forefront of crypto-related activities. Binance received in-principal approval from Abu Dhabi Global Market, since they have eyed Dubai for its global headquarters and its base.