BroadChain News, April 23, 18:30, Blockchain Capital plans to raise $700 million for two new funds, including its seventh early-stage fund and second growth fund. The company has begun deploying some of the new capital and expects to complete fundraising within five to six months. Previously, Blockchain Capital had raised approximately $1 billion for crypto investments, with a portfolio covering Coinbase, Kraken, and Tether. It currently manages $2 billion in fee-bearing assets, with a total portfolio value exceeding $6 billion.
U.S. Pacific Command Commander Samuel Paparo disclosed at a congressional hearing that the U.S. government operates a Bitcoin network node for cybersecurity testing but does not engage in mining. The military views Bitcoin as a cryptographic tool and blockchain system to enhance cybersecurity, rather than hoarding it as a financial asset. Paparo also praised the stablecoin legislation, the GENIUS Act, as a key step in ensuring the global dominance of the U.S. dollar.
Thailand's SEC plans to revise digital asset derivatives rules, allowing operators to directly apply for licenses without setting up new companies to offer derivative contracts referencing digital assets. This move aims to promote digital assets as an asset class and provide investors with risk hedging tools. Public comments are open until May 20, 2026.
New York Governor Kathy Hochul signed an executive order prohibiting state employees from using insider information to bet on prediction markets. The order cites the "recent surge in prediction markets" and bans employees from profiting from non-public information. Illinois' governor issued a similar order on Tuesday. Meanwhile, Kalshi has handled three insider cases involving candidates betting on themselves.
On the market front, CryptoQuant Research Head Julio Moreno noted that the recent Bitcoin rally was entirely driven by perpetual contract demand, with spot demand shrinking. Aave's total deposits fell below $30 billion, with $16.2 billion in outflows. Founder Stani Kulechov stated that the team is advancing solutions to reduce exposure to KelpDAO, while the Arbitrum Security Council has recovered approximately $70 million worth of ETH.