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Today’s Cryptocurrency Headline

Solana Ventures, the investment arm of Solana Labs, announced Tuesday a new $150 million fund to support blockchain gaming startups. The initiative is being established with blockchain gaming technology provider Forte and gaming-focused venture capital firm Griffin Gaming Partners. This is Solana Ventures’ second blockchain gaming-focused fund. The firm launched a $100 million fund together with Lightspeed Venture Partners and FTX last month. Solana Labs spokesperson stated that the fund is denominated in dollars instead of Solana tokens and it plans to invest in gaming startups based on the Solana blockchain. The new fund will invest in startups equity and token rounds and expects to be fully deployed over the next 18 months. 

BingX’s Bitcoin Chart

Source: TradingView& BingX

The Federal Reserve decided to keep the interest rate at 0 to 0.25 per cent and increase “Taper” pace to $30 billion. BTC price is trading around $49,000 and it is attempting to break the $50,000 psychological resistance level. By looking at the hourly chart, the short term support and resistance level appear to be $46,000 and $52,000.

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