$SOL $BTC

HashKey Capital has raised an impressive $250 million for its fourth crypto fund, with a target size of $500 million, despite the current cautious market sentiment. This move comes at a time when:

- Short-term liquidity providers are retreating from the crypto market
- ETF outflows indicate reduced institutional participation
- The October 10 crash triggered the largest liquidation event in crypto history
- Meanwhile, BTC has fallen from approximately $87,800 to $86,900 in the past 24 hours, and ETH has dropped from $2,973 to $2,924.

Why does this matter? HashKey’s confidence demonstrates long-term faith by institutions in crypto infrastructure and real-world applications, especially in emerging markets. Given their previous funds achieved impressive 10x returns and recently went public successfully in Hong Kong, HashKey’s commitment provides balance amid current market caution. I’m