A Bitcoin-denominated life insurance firm regulated by the Bermuda Monetary Authority called meanwhile has secured $40 million in a Series A funding round.

The company, whose pioneering product is a Bitcoin (BTC) denominated Whole Life Insurance, announced it raised the funding in a round co-led by venture capital firms fulgur.ventures and Framework Ventures.

Fulgur.ventures is a BTC-focused VC, while Framework Ventures is a leading investor in decentralized finance and crypto-native funds. Meanwhile also attracted participation from Wences Casares, a Bitcoin pioneer and co-founder of Bitcoin-enabled Xapo Bank.

The company, founded three years ago, will use the capital injection to accelerate the global rollout of its BTC-denominated life insurance and annuities. It aims to bring its insurance offerings to millions of users, with products designed to protect against various risks.

“Everyone deserves access to financial products that maintain their value over time—especially for long-term planning and family protection. This funding empowers us to reach more people who are concerned about political risk, currency risk, inflation risk, or regime risk,” the firm wrote on X.

The Bitcoin-denominated insurance product provides features that traditional financial products do not. It includes protection from currency debasement, as well as tax advantages and on-demand liquidity.

“One impossible task was creating a globally unique life insurer entirely denominated in Bitcoin,” said Zac Townsend, founder of meanwhile. “We accept premiums, pay claims, and conduct our audited financials, reserves, and solvency calculations entirely in Bitcoin”

For Bitcoin holders, the company’s insurance policies go beyond the preservation of wealth for future generations. Policyholders gain exposure to Bitcoin’s long-term growth potential.

Meanwhile previously raised $20.5 million in its seed round, which attracted backing from OpenAI CEO Sam Altman and Bitwise CEO Hunter Horsley, among others.

BitMEX founder Arthur Hayes believes Ethereum (ETH) is likely to outperform Solana (SOL) over the next leg of the cycle.

In a new interview on the Unchained podcast, Hayes says Ethereum has a higher risk-reward ratio compared to Solana going forward.

“If you have a fresh unit of fiat of capital, what do you do with it? Do you buy Solana or do you buy ETH right now given all the things that are happening? And so I would say ETH from a risk-reward perspective is better…

…whenever you have a turn in the cycle, you want to own the most hated thing because that’s going to perform the best. And you don’t want to own the most loved thing from the previous cycle because that’s going to perform the worst.

That’s not to say that Solana is not going to go up a lot. But relative to something else, is it going to perform as well? And so I think ETH has sort of the market fundamentals to do very well in this next leg up because people hate it so much.”

Hayes says that one of the factors limiting Solana’s upside potential is the fact that the narrative that powered Solana’s rally to a new all-time high in January is unlikely to reach similar heights of popularity.

“Solana did very well on sort of the memecoin supercycle, or whatever you want to call it, over the last 18-24 months.

But I think that, yes, there will be some meme coins that do well…

…but are we going to go back to where we were 12 months ago where everybody and their mother was just like slinging memecoins trying to find the $1 million market cap that goes to $100 million market cap and just handing hundreds of millions of dollars in fees to PumpFun?

I don’t think we’re going back there and so I think all that activity that was on Solana based on memecoin trading won’t be there. And so the narrative of, ‘oh, memecoin trading is amazing, the anti-Venture Capital way to participate in crypto is on Solana, therefore I need to own Solana as the layer-1 that hosted all that activity.’ I think that narrative goes away.”

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Iconic investor Ray Dalio is warning that US President Donald Trump’s tariff policies may cause a global economic slowdown.

In a new interview on CNBC, the Bridgewater Associates founder says he has serious concerns that increasing tariffs may wreak macroeconomic havoc at a time when the nation faces several other challenges.

“I agree with the problem. I am very concerned about the solution, the practicality of the solution. In other words, I think that this is going to create not only the problem, the capital markets problem that I’m talking about related to prices going up, costs going up, revenue going down and capital problem, but I also think that this is going to create great sand in the gears of production worldwide.

At the same time, I do agree that this interdependency, this issue of productivity in the world in which we have to be competitive and productive, and we’re not competitive in producing things is a longer-term problem, not an easy one. And I do expect that it is going to have political consequences. This is the nature of the cycle.”

Dalio also says the nation needs to address other systemic challenges, such as lowering the debt and reducing government spending.

“It is coming also at the same time as we have a budget issue. Now, the budget issue is a comparably important issue. So as we look ahead in the months ahead, we have to get the budget deficit down to 3% of gross domestic product. I worry about that at the same time as this is happening. These are not easy problems to solve. I’m concerned because the bigger problems exist, the debt exists. You can’t get around the debt. The overspending exists. You still have that. You still have that competitiveness issue. These have repeated throughout history. We’re in a period that’s very much like the 1930s.”

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