Lightspeed Faction Launches $285 Million Crypto Venture Fund, UK Sets Regulatory Framework for Cryptocurrencies, Increased Crypto Activity in Hong Kong and Asia

Lightspeed Faction, a venture capital firm, has launched a $285 million inaugural crypto venture fund, focusing on blockchain startups. The UK is establishing a regulatory framework for cryptocurrencies, aiming to become a global hub despite challenges. Additionally, the crypto industry is seeing increased activity in Hong Kong and Asia, with firms launching funds and obtaining licenses to trade and manage crypto investments.