According to PANews, former Jefferies trader Tian Zeng has established a $70 million crypto hedge fund named Third Eye, which is scheduled to officially launch on August 1, 2025. The fund will invest in cryptocurrencies and crypto-related stocks, employing a diversified long-short strategy aimed at achieving stable returns in volatile markets. Zeng, who has 15 years of experience in macro and derivatives trading, has previously worked at prominent institutions such as Citigroup, Citadel Securities, and Deutsche Bank. The creation of this fund highlights the accelerating influx of traditional finance professionals into the crypto sector and reflects renewed confidence among institutional investors in digital assets. Supported by family offices and high-net-worth individuals, Third Eye is expected to further drive the development of the crypto investment market.