YZi Labs is pleased to announce that Jane He has joined as a Partner to lead our Biotech Investment practice.
On March 21, YZi Labs made an announcement. It stated that Jane He has joined as a General Partner, and her role is to lead the biotechnology investments of the company. At the same time, she will also contribute to YZi Labs' broader AI and Web3 strategy.
YZi Labs pointed out that after graduating from Stanford University GSB, Jane has an excellent track record in biotechnology and medical technology. She is actively looking for disruptive opportunities at the intersection of artificial intelligence and biotechnology. Her expertise covers various fields such as cancer treatment, gene editing, metabolic therapy, and AI-driven biotechnological solutions. This brings a forward-looking approach to investments. Biotechnology is at the forefront of scientific innovation and is set to transform the broader human experience, ranging from life-saving therapies to AI-driven medical breakthroughs. Jane's appointment reflects YZi Labs' firm commitment to supporting this transformative industry an
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Yesterday BITB net outflow of 17.4 million USD, GBTC net outflow of 8 million USD
On March 21st, as monitored by Farside Investors, yesterday Bitwise's BITB witnessed a net outflow of $17.4 million. Grayscale's GBTC experienced a net outflow of $8 million. And Franklin's EZBC had a net outflow of $7.3 million.
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Gemini to Serve as Custodian for Evolve's Leveraged Bitcoin ETF
On March 21st, the cryptocurrency exchange Gemini declared that it would act as the custodian for the Evolve Levered Bitcoin ETF and the Evolve Levered Ether ETF. These two ETFs started trading on the Toronto Stock Exchange on Tuesday, with the TSX ticker symbols "LBIT" and "LETH" respectively. Both of these ETFs offer investors leveraged exposure to the cryptocurrency world, potentially enabling them to "attain amplified returns while maintaining a high level of security and regulatory compliance."
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Trump's nominated SEC Chairman pick, Paul Atkins, will undergo a Senate hearing next week
On March 21st, Paul Atkins, the nominee for the Chair of the U.S. Securities and Exchange Commission (SEC), is scheduled to attend a confirmation hearing at the Senate Banking Committee on March 27th. In the event of confirmation, the full Senate will then carry out a final vote. With a background as a former SEC commissioner, Atkins is a proponent of digital assets and previously established a financial compliance consulting firm in Washington. It is anticipated that he will maintain the pro-crypto regulatory stance that was advocated by the Trump administration and succeed former SEC Chair Gary Gensler, who came under criticism for his "enforcement-heavy" approach towards the crypto industry.
The same-day hearing will also feature Jonathan Gould, the nominee for Comptroller of the Currency (OCC), an agency responsible for regulating U.S. national banks, which is of great significance for crypto companies seeking bank access and the regulation of stablecoin issuance. Additionally, th
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US Stock Market Close: Major Indexes Slightly Down
On Thursday, March 21, U.S. stocks closed. The Dow Jones Industrial Average initially dropped by 0.03%. The S&P 500 Index fell by 0.2%, and the Nasdaq declined by 0.3%. Nvidia (NVDA.O) increased by nearly 1%, Pinduoduo (PDD.O) rose by nearly 4%, while Apple (AAPL.O) fell by 0.5% (FX168).
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