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Tracks company news, strategic changes, funding activities, and personnel adjustments across the blockchain and crypto industries, delivering a full-spectrum industry overview for our users.

Once SBF's Protege, Now Managing a $5.5 Billion AI Fund

Leopold Aschenbrenner, a 24-year-old former member of FTX’s Future Fund team and later an OpenAI researcher, now manages Situational Awareness LP—an AI-focused investment fund that grew its disclosed holdings from $225 million in Q4 2024 to $5.5 billion by Q4 2025. After being fired from OpenAI in 2024 over internal disputes on AI safety, Aschenbrenner authored a influential 165-page paper on AGI, which led to the launch of his fund. Backed by investors like the Collison brothers and Nat Friedman, the fund concentrates on AI infrastructure—energy, compute, and storage—while avoiding mainstream tech giants. Its top holding, Bloom Energy, surged over 10x. The portfolio also includes Bitcoin miners pivoting to AI compute, reflecting Aschenbrenner’s strategic shift from crypto to AI. His trajectory contrasts sharply with that of SBF, his former FTX associate, highlighting a redirection from effective altruism-rooted crypto ventures toward AI-driven investing.

比推03/05 16:47

Once SBF's Protege, Now Managing a $5.5 Billion AI Fund

比推03/05 16:47

Wall Street’s crypto embrace: Morgan Stanley files for Spot Bitcoin ETF

In a significant move, Morgan Stanley has filed an amended S-1 with the SEC for a Spot Bitcoin ETF, naming Coinbase Custody and Bank of New York Mellon as custody partners. The proposed trust is designed as a passive product that tracks Bitcoin's price without active trading, leverage, or derivatives, aiming to reassure regulators. This filing follows the bank’s earlier Bitcoin Trust submission in January and a simultaneous move toward a Solana ETF, signaling broader interest in the crypto ecosystem. The filing coincides with a crypto market surge to $2.45 trillion and $461.9 million in net inflows for U.S. Spot Bitcoin ETFs on March 4. However, the Crypto Fear and Greed Index remains at 29, indicating lingering caution. Morgan Stanley’s strategy appears driven by opportunity as much as belief, potentially aiming to capture fees and demand. Other major banks are also expanding crypto offerings: Goldman Sachs is building diversified portfolios, JPMorgan allows crypto collateral for loans, and Citigroup tests blockchain tokenization. The broader trend suggests a shift from whether to adopt crypto to who will control the ecosystem.

ambcrypto03/05 14:03

Wall Street’s crypto embrace: Morgan Stanley files for Spot Bitcoin ETF

ambcrypto03/05 14:03

UAE Banking System Stable Despite Rising Regional Tensions

The Central Bank of the UAE has affirmed the stability and operational continuity of the country's banking system amid rising regional tensions following recent missile and drone attacks. Governor Khaled Mohamed Balama stated that financial institutions and insurers are functioning efficiently, demonstrating resilience. The UAE's role as a regional financial hub, including for digital asset firms, underscores the importance of this stability. Key financial metrics remain strong, with a capital adequacy ratio of around 17% and a liquidity coverage ratio exceeding 146.6%, both above international standards. The banking sector's total assets exceed AED 5.42 trillion ($1.48 trillion), supported by advanced risk management frameworks.

TheNewsCrypto03/05 12:58

UAE Banking System Stable Despite Rising Regional Tensions

TheNewsCrypto03/05 12:58

a16z Targets $2 Billion Crypto Fund as Venture Capital Eyes Blockchain Recovery

Andreessen Horowitz (a16z) is raising $2 billion for its fifth crypto investment fund, a significantly smaller amount compared to its $4.5 billion fund from 2022. This reflects a more cautious approach amid the current crypto market downturn. The new fund will focus exclusively on blockchain-related investments, including areas like stablecoin infrastructure, on-chain prediction markets, and financial technology. While many crypto ventures are struggling to secure funding, a16z's investment decisions will be based on identifying breakthrough companies during this period of market weakness. The firm has been a major venture capital player in crypto since its first $300 million fund in 2018.

TheNewsCrypto03/05 12:48

a16z Targets $2 Billion Crypto Fund as Venture Capital Eyes Blockchain Recovery

TheNewsCrypto03/05 12:48

Bybit EU Launches “Bigger Return, Shorter Hold” Campaign Across the EEA

Bybit EU has launched a limited-time "Bigger Return, Shorter Hold" campaign offering a 3% annual percentage yield (APY) to users in the European Economic Area. The promotion applies to net top-ups made between February 25 and March 31, 2026, which must be held for 180 days starting from March 31. Participants can trade, stake eligible assets, and use funds normally during the holding period, but withdrawals will disqualify them from rewards. The campaign requires a minimum participation of €1, up to €10,000, and does not require separate staking enrollment. Rewards are distributed after the 180-day period. Bybit EU operates under MiCA regulation in Austria and provides compliant crypto services across the EEA.

TheNewsCrypto03/05 11:25

Bybit EU Launches “Bigger Return, Shorter Hold” Campaign Across the EEA

TheNewsCrypto03/05 11:25

SBF's Protege Turns $225 Million into $5.5 Billion in One Year

Leopold Aschenbrenner, a 24-year-old former member of FTX’s Future Fund team and later an OpenAI researcher, has become one of the most talked-about figures in AI investing. His fund, Situational Awareness LP, grew its publicly disclosed holdings from $225 million in Q4 2024 to $5.5 billion by Q4 2025—an extraordinary surge in just one year. After graduating top of his class from Columbia University, Aschenbrenner worked at FTX until its collapse. He then joined OpenAI’s Superalignment team but was fired in 2024 following internal disputes over AI safety. Shortly after, he published a influential 165-page essay, "Situational Awareness: The Decade Ahead," which laid the groundwork for his AI-focused investment fund. Situational Awareness LP’s strategy is highly concentrated, with 86% of its portfolio in its top ten holdings. The fund avoids popular AI application plays, instead targeting upstream infrastructure—especially energy, computing, optical communications, and storage. Its largest position is in Bloom Energy, whose stock has surged over 10x since late 2024. The fund also holds several Bitcoin mining companies, including Core Scientific and Bitdeer, betting on their pivot to AI compute rather than crypto. Aschenbrenner’s trajectory mirrors—yet diverges from—that of SBF, his former FTX associate. While SBF faced legal downfall, Aschenbrenner repositioned himself at the forefront of AI investing, turning disruption into opportunity.

marsbit03/05 07:31

SBF's Protege Turns $225 Million into $5.5 Billion in One Year

marsbit03/05 07:31

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