ArkotNews

Bitcoin continues to move in lockstep with the Nasdaq to S&P 500 ratio. The positive correlation suggests the cryptocurrency is still a risky asset.

The tweet spurred speculation that the notable venture capital firm could launch its own Optimism-based layer 2 blockchain. A16z crypto’s CTO tweeted: “not an L2.”

The move continues a 2023 rally that has now seen the most popular crypto gain more than 80%.

The roots of an hour-long surge were difficult to pinpoint, according to one analyst, but investors have recently been more optimistic about the crypto’s prospects following last month’s banking crisis.

ALSO: In his latest Money Reimagined column, CoinDesk Chief Content Officer Michael Casey ties the recent political and regulatory backlash toward the crypto industry to the alleged misdeeds of disgraced FTX CEO Sam Bankman-Fried. Will the current climate drive digital-asset innovation and leadership away from the U.S.?

DOGE surged on April 3 after Elon Musk's social-media company inexplicably removed its blue bird logo, replacing it with dogecoin's mascot.

South Korea has requested the extradition of the Terraform Labs CEO after his recent arrest in Montenegro.

ALSO: Asia-Based Traders Push Bitcoin Past $30K

The firm didn’t comment on the new SEC filing, but did outline its crypto investment strategy.

HashKey has also expanded its OTC service by expanding its liquidity coverage and range of tokens in the spot market.