MILLION FUND AMID INDUSTRY SLUMP

Summary from the TLDR Crypto newsletter

Hong Kong-based crypto venture firm, CMCC Global, has raised $100 million for a new venture, Titan Fund, that targets Asian crypto startups. More than 30 investors, including Winklevoss Capital, Jebsen Capital, and Block.one participated. The fund will provide equity investment in early-stage crypto startups, prioritizing the Hong Kong market. It has already made five investments, including in Hong Kong companies Mocaverse and Terminal 3.