Crypto SWOT: Venture capital firm Paradigm has raised $850 million for its third fund

Of the cryptocurrencies tracked by CoinMarketCap, the best performer for the week was Monero, rising 5.16%.

Bitcoin mining company Bitfarms is adopting a “poison pill” shareholder rights plan as a defense after an unsolicited takeover offer by larger rival Riot platforms. Riot made an unsolicited, $950 million offer in May to buy Bitfarms after the smaller Bitcoin miner rebuffed its takeover approach the prior month. Bitfarms said its board had determined that the proposal “significantly undervalues” the company, according to Bloomberg.

Venture capital firm Paradigm said it has raised $850 million for its third fund, reports Bloomberg, which will focus on early-stage crypto projects. Paradigm was previously an early investor and contributor for projects like crypto dex Uniswap and Optimism.The native token of Curve Finance, one of the cryptocurrency sector’s top decentralized exchanges, has tumbled to an all-time low. CRV slid as much as 38.2% on Thursday before paring some of the drop to trade at 26 cents, writes Bloomberg.

is CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors. The company’s no-load mutual funds include the Global Resources Fund , the World Precious Minerals Fund and the Gold Shares Fund .

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