DeFi Daily News,February 4th, 2021

1. Bitcoin is back on a bull run but ether has hit a new all-time high and traders see it has room to grow. Bitcoin (BTC) trading around $37,092 as of 21:00 UTC (4 p.m. ET). Gaining 3.4% over the previous 24 hours, which trading range was between $35,416-$37,245.

2. According to news from the chain, the DeFi intelligent investment management platform DAOVentures announced that it will conduct DVG token IDO on Polkastarter (POLS) on February 18th. The price of each DVG token on Polkastarter is US$0.225, and the maximum limit per person is US$500. A total of 444,444 DVG tokens (approximately USD 100,000 in total) were publicly sold, accounting for 0.71% of the total token supply. Among them, 222,222 DVG tokens were allocated to POLS holders. Non-POLS holders can only pass the whitelist Obtain qualifications. DAOventures aims to provide users with diversified DeFi investment products, including robo-advisors, lending, capital management, derivatives, decentralized insurance, etc. DAOventures has completed a $1.3 million private placement round of financing, and the token private placement price is $0.18. Participants include Moonrock Capital, Magnus Capital, Astronaut Capital, GBV, Ascensive Assets, etc.

3. According to BlockBeats news, Ruffer Investment, a British asset management company, has sold part of its bitcoin investment worth 650 million US dollars, and the total profit of encrypted asset investment exceeds 750 million US dollars. Currently the company still has about 700 million US dollars in Bitcoin. The company Duncan MacInnes said that the company has been paying attention to Bitcoin’s price performance for several years. Although Bitcoin was once “very skeptical” in 2017, we finally saw a huge change in the economic landscape in 2020. For institutional investors, Bitcoin is becoming a safe asset.

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