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Today’s Cryptocurrency Headline
Crypto investment firm Mechanism Capital is launching a $100 million fund focused on the Play-to-earn (P2E) chain gaming industry. The new fund will be named Mechanism Play and will be entirely focused on game investment as well as working directly with studios to develop new games. Additionally, Steve Cho, a former Apple App Store gaming business manager, will join the team to co-lead the fund. Launched in August 2020, Mechanism Capital initially focused on DeFi, but its crypto influence has expanded into areas such as data analytics, cross-chain infrastructure, scalability infrastructure, and NFTs.
BingX’s Bitcoin Chart
According to Dune Analytics data, the trading volume of OpenSea (Ethereum) in January 2022 has exceeded 3.48 billion US dollars, breaking the previous record of 3.42 billion US dollars in August last year. Bitcoin has been trading in the $41,500 – $43,000 range with low trading volume today. The volatility of BTC has decreased significantly in recent days. Data from Bitcoin Volatility Index is showing the standard deviation of daily Bitcoin returns for the past 30 is 2.48%, the least volatile since April 2020. Ongoing sideway trading will likely continue for the next few days.
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