Crypto converted another Wall Street veteran this week after former Citi executive Matt Zhang launched a $1.5 billion digital asset fund. A new funding mechanism allowing users to access early-stage crypto startups shined the spotlight on Cardano’s massive community. One of Latin America’s biggest crypto exchanges raised $50 million in private funding to expand its operations. 1inch Network raised another $175 million from leading crypto venture capitalists to expand DeFi liquidity.

These were just some of the week’s biggest business headlines from the world of crypto. Every Thursday, Cointelegraph’s Crypto Biz newsletter gives readers a pulse of the business behind blockchain and cryptocurrency, delivered directly to their inbox. Below is a concise version of the Thursday edition of our newsletter.

Former Citi banker launches $1.5B crypto fund

MELD’s $1B ISPO shines the spotlight on Cardano

2TM raises $50M, further cementing unicorn status

Amber Group leads 1inch Network’s $175M Series B