This news article outlines a joint venture between Standard Chartered unit SC Ventures and SBI Holdings to invest $100 million in crypto startups. This move signals growing bullish sentiment in the crypto markets, as Bitcoin has seen a year-to-date gain of over 120%, and the spot trading volume on centralized exchanges increased in October. The joint venture will invest in decentralized finance, tokenization, infrastructure, payments, and the metaverse, and plan to make "strategic and minority investments" in crypto startups. SBI Holdings is also launching a separate fund to invest up to 100 billion yen in web3, AI, and fintech startups, which has already reportedly secured more than 50 billion yen from four other Japanese financial giants. These developments suggest that wider adoption of cryptocurrencies is gaining momentum.



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