Terraform Labs shuts down, MicroStrategy stacks more Bitcoin, Paradigm raises $850M

In today’s episode, we look at Terraform Labs’ decision to end operations and handover control to the Terra community, MicroStrategy’s plans for a $500 million stock sale to fund additional Bitcoin acquisitions, reinforcing its commitment to BTC as a treasury reserve asset, and Paradigm raising $850 million for a third crypto fund.Further reading:Terraform Labs to end operations, Terra community will take overMicroStrategy plans $500M stock sale to buy more BitcoinBitcoin whales scoop up $1.4B in 24 hours amid market correctionPresident Biden announces picks for SEC, FDIC and Treasury leadershipParadigm raises $850M for third crypto fundSo, grab yourself a coffee, and let’s get into it!This episode of Rise’n’Crypto is brought to you by Cointelegraph and is hosted by Savannah Fortis. You can follow Savannah on X.Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph’s Twitter: @CointelegraphCointelegraph’s website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.