Skip to content

Top 7 Crypto Stories This Week: Big News From NVIDIA, Bigger News From Blockhead

Big news from Blockhead and NVIDIA, BTC and ETH ETFs sneak into headlines again, Hong Kong lays down the law, Asian family offices ape into digital assets, and settles with Cake DeFi investors

Table of Contents

It's been a fantastic week for the Web3 world, as your favourite crypto/digital asset media company announces its successful fundraising round. NVIDIA also had something to celebrate but let's be honest, its news was overshadowed by Blockhead's.

Bitcoin has been slightly down over the past five days whilst Ethereum is slightly up. Overall, a relatively sidewise trading week compared to last week.

However, risk appetites on the Fear & Greed Index have entered "Extreme Greed" at 76, up from last week's 72.

The Fear & Greed Index uses 5-6 measurements to assess the current sentiment of the market and then rates that level of emotion on a scale of 1-100 – 1 is extreme fear and 100 is extreme greed.

Perhaps everyone just wants a piece of the Blockhead pie now.

Blockhead Secures Funding Led by Franklin Templeton

You probably know by now, and it's probably the only news you need to be aware of this week. (Please read on anyway).

Blockhead, a Singapore-based digital assets media publication, has announced the successful completion of its investment round. The investment is led by Franklin Templeton, (NYSE: BEN), one of the largest global asset managers with approximately US$1.5 trillion of assets under management. 

The investment will also allow Blockhead to evolve its business model to become a leading digital assets research platform in the region. The research platform, dubbed BRN, augments their current media product offering and will serve as a comprehensive resource for institutional and high-net-worth investors, offering insights, analytics, and market intelligence on the digital assets and cryptocurrency landscape.

Blockhead Secures Funding Led by Franklin Templeton
Blockhead is introducing its research platform, BRN, after successfully completing its investment round from Franklin Templeton

NVIDIA's AI Winning Streak is Good News for Web3

NVIDIA's stock price continues to soar through the stratosphere, fuelled by its prowess in the AI sector. But having once shunned crypto as not bringing "anything useful for society,” are there still lessons the Web3 can learn from the tech titan about AI's future?

In its most recent earnings call, held yesterday, NVIDIA  reported a net income boost of 769% from last year to $12.29 billion and a total revenue boost of 265% to $22.10 billion, obliterating expectations of $20.62 billion.

NVIDIA’s AI Winning Streak is Good News For Web3
NVIDIA’s net income surged 769% from last year due to AI chip sales but how can Web3 get a piece of this pie?

Bitcoin ETF Hype Reaches New Heights

It's time to talk about Bitcoin ETFs again as trading volumes surge 1000%. We've been avoiding the elephant in the room for a while now. After a burst of spot Bitcoin ETF updates at the start of the year, we took a break from laboring about the "revolutionary" financial products. Not because we're too cool for school but because Bitcoin ETF news quickly became repetitive, dry, and let's be honest, predictable.

We're now revisiting the Bitcoin scene as there have been some new developments that we probably shouldn't overlook.

Bitcoin ETF Hype Reaches New Heights
It’s time to talk about Bitcoin ETFs again as trading volumes surge 1000%

Hong Kong Sets New Standards for Digital Asset Custody

In a move to bolster the security and integrity of digital asset custodial services, Hong Kong's finance regulator issued a comprehensive circular on February 20, 2024, outlining new guidelines for authorized institutions (AIs) engaging in the custody of digital assets.

HKMA's said decision to introduce new guidelines stems from the recognition of the growing interest among AIs in providing custodial services for digital assets. As these services expand, the need to safeguard client assets against theft, fraud, and mismanagement becomes increasingly critical.

Hong Kong Sets New Standards for Digital Asset Custody
The guidelines align Hong Kong’s regulatory framework with international best practices, positioning the region as a leading global center for digital asset innovation and investment.

Ethereum Hype is More Than Just ETFs - Here's Why

By now, you should be more than familiar with the hype behind Ethereum ETFs. TradFi money, liquidity, Web2-Web3 bridge, wider adoption, you get the idea. Even former Bitcoin hater turned believer, Larry Fink, can "see value in having an Ethereum ETF."

But what about the Ethereum blockchain itself?

Ethereum Hype is More Than Just ETFs - Here’s Why
Looking beyond ETH ETFs, Ethereum’s shrinking supply, deflationary position, restaking, and data blobs, are all reasons to back the world’s second biggest cryptocurrency

Why Asian Family Offices Are Aping Into Digital Assets

Family offices in Asia are ramping up their exposure to digital assets to diversify portfolios and boost returns.

Digital asset holdings account for under 0.5% of the assets under management (AUM) of family offices in the Asia-Pacific region but 9% of these offices without current crypto holdings intend to venture into this asset class.

Crypto venture capital, which is less liquid, saw a decrease in 2023, reaching a record low after dropping to one-third of VC investments in the previous year.

Why Asian Family Offices Are Aping Into Digital Assets
Asian family offices are looking to digital assets in search of seek diverse and liquid investments

Cake DeFi Investor Settles Dispute With Hosp, Chua; "Regrets" Personal Remarks

A settlement has been reached between Bake's (formerly Cake DeFiJulian Hosp and U-Zyn Chua, and early investors John Rost and Howard Fineman.

Rost said he "regrets" statements directed at Hosp, his wife, and Chua. Bake has been shrouded in drama over the last few months, and this uncertainty has resulted in the value of the DefiChain (DFI) token plunging; it's down 85% over the past year.

In December, Chua initiated the process to wind up the entire company. The application was heard before the High Court on Friday, 22 December 2023, one month after a layoff involving 30% of staff at the firm. Chua said that Hosp had kept him out of the loop and unilaterally carried out the cuts.

Cake DeFi Investor Settles Dispute With Hosp, Chua; “Regrets” Personal Remarks
Early Cake DeFi investor John Rost “regrets” statements directed at CEO Julian Hosp, his wife, and U-Zyn Chua.


Onchain 2024

Saison Capital, a Singapore-based venture capital firm and subsidiary of Saison International, has announced the inaugural launch of ONCHAIN 2024, marking Asia's first RWA conference.

Innovation in RWAs: Blockhead Collaborates with ONCHAIN 2024 for Bangkok Conference
Led by Saison Capital together with Evertas, D3 Labs and HELIX, ONCHAIN 2024, held in Bangkok on 26 April 2024, aims to advance the exchange of knowledge and innovations on the intersection between traditional finance and Web3 technology.

Taking place on 26 April 2024, 9 am - 5 pm (ICT), in SO/Bangkok Hotel, Bangkok, Thailand, the event features an impressive lineup of speakers and attendees from TradFi institutions including Citibank, Standard Chartered, SCBx, Woori Bank, and SBI Holdings, as well as real-world asset (RWA) leaders including Helicap Group, Evertas, HELIX, D3 Labs, OpenEden and Rakkar Digital. 

“The trend of tokenizing RWAs has gained momentum in 2023 despite depressed markets across traditional finance and crypto," said Qin En Looi, Partner at Saison Capital. "The launch of ONCHAIN 2024 aims to bring more partners into the conversation to shape the financial ecosystem of the future."

Early bird tickets, priced at S$99, are available now. But as the exclusive supporting partner for ONCHAIN 2024, we've got an exclusive 20% discount on tickets for the Blockhead family. Simply use the promo code 'blockhead' at checkout to unlock this special offer.

Money 20/20 Asia

Money20/20 Asia is making its way to Bangkok this April! Rub shoulders with 3000+ of the greatest minds in the money ecosystem, from crypto and Web3 to fintech, startups, investors, and beyond.

Expect game-changing connections and boundary-pushing content from this year’s edition - over 120 speakers from companies like Bitkub (Thailand’s largest crypto exchange), Asia Crypto Alliance and BitRock Capital are already on board to talk about the future of money in Asia.

Because we’re a media partner of the event, you can save up to USD$300 when you register using the code BHD300 by 23 February (yes, today's the last day you can use this code) at


Investing in Altcoins: Potential Picks for the Crypto Bullrun
Altcoins usually ride on bullish sentiment in the market to register massive gains. Here are five coins that should be part of your portfolio for the bullrun.
SEC vs Ethereum ETFs: Coinbase, Valkyrie Weigh In
Valkyrie isn’t optimistic about the SEC’s approval of ETH ETFs but Coinbase is urging the regulator anyway
BUIDL Asia, ETH Seoul 2024 to Showcase Seoul’s Tech Prowess
This year’s gathering promises to be a melting pot of ideas, innovation, and collaboration, aiming to further cement South Korea’s reputation as a crucible of Web3 innovation.
Blockcast EP 16 | The Future of Digital Asset Management: Insights from Darwinbit’s CMO Kimberly Jin
Kimberly Jin, CMO at Darwinbit, provides us with a look into the challenges facing crypto marketing
Central Bank Watch: Patience is Key
For digital assets, from a macro perspective, the focus remains on the softer economic activity data rather than a nudge-up in inflation.