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Venture Capital Firm CoinFund Raises $158 Million to Drive Innovation in Early-Stage Crypto and AI Companies
19.7.2023
The crypto-focused venture capital firm CoinFund has closed a fundraising round for its latest VC fund, the CoinFund Seed IV Fund, after raising $158 million from investors.
The investors in the new fund are a combination of family offices, institutional investors and high-net worth individuals...
Another Big 4 Australian Bank Blocks Payments to ‘High-Risk’ Crypto Exchanges
19.7.2023
National Australia Bank (NAB) has joined other major lenders in the country in blocking payments to some cryptocurrency exchanges. The banking institution said it’s introducing new customer protections regarding financial transactions with certain scam-related crypto platforms. Australia’s NAB Bank...
Crypto Billionaire Arthur Hayes and Dragonfly Lead $6 Million Funding Round for Ethena's Stablecoin and Bond Token Platform
18.7.2023
Crypto startup Ethena has successfully raised $6 million in a seed funding round led by crypto venture capital firm Dragonfly and billionaire Arthur Hayes.
The Portugal-based company intends to use the funds to launch its stablecoin and bond asset, scheduled for the third quarter of this...
Is It Too Late to Buy GALA? GALA Price Rockets Up 11% and AI Crypto Signals Platform yPredict Raises $3 Million – How Does it Work?
18.7.2023
Gala Games (GALA) has weathered a hard crypto winter over the past year, as holders starve of -97% performance since the all-time high in November 2021.
While the start of 2023 saw a brief respite with an impressive 286% rally in January, the 6-months since have seen a resumption of bleed-out...
July Sees Surge in Bitcoin NFT 'Ordinal' Inscriptions, Approaching 3.6 Million Monthly Mark
18.7.2023
Bitcoin Ordinal inscriptions volume has recorded a significant rise in July, with the month so far seeing nearly 3.6 million of them, pushing the total number to nearly 18 million.
According to Dune Analytics, following a somewhat calmer period in June, the inscriptions volume has jumped again...
Bankrupt Celsius to spend $24M from GK8 sale on legal expenses
18.7.2023
After buying GK8 for $115 million in 2021, Celsius is selling it for $25 million, spending 96% of the sale proceeds on legal fees
Wood Says ARK Is ‘Taking Profits’ as It Sells $26 Million in COIN
18.7.2023
The sale comes a day after ARK sold $50.5 million of the crypto exchange’s stock
Cathie Wood's ARK Invest Sells Another $50.5 Million Worth of Coinbase Shares
17.7.2023
The tech-oriented investment manager, ARK Invest, is considered to be one of the largest holders of Coinbase (COIN) shares.
The company owns over 10.5 million shares, and for a long time, the firm was happy to keep piling up shares and continue purchasing more.
However, as of last week,...
Celsius Liquidates $25 Million In Altcoins After Court’s Approval To Move Funds
17.7.2023
Bankrupt crypto lender Celsius has liquidated nearly $25 million in different altcoins after a US court approved the firm to convert altcoins to BTC and ETH earlier this month.
Celsius Network liquidated several altcoins worth nearly $25 million, including Chainlink (LINK), BNB coin, Synthetix...
Sound acquires $94 million via Series A round
17.7.2023
Sixteen crypto startups collectively managed to acquire a total funding amount of $94 million, out of which Sound took its share of $20 million via a Series A funding round, the leader of which was a16z crypto. The other contributors were Palm Tree Crew, as well as Scalar Capital, Coinbase,...
SAFU Blasts Up 30,000% in 24 Hours But Crypto Experts Are Accumulating This Lesser Known Meme Coin Instead – $15 Million Raised Already
17.7.2023
In the latest overnight sensation, SAFU - the new meme coin on the block - skyrocketed an eye-watering 30,000% in just 6 hours, as high-stakes DEX traders raced to ride the moon-shot.
The SAFU meme coin is a reference to the famous statement "funds are SAFU" by Changpeng Zhao (the industrious...
US Dollar Shortages: Ethiopia and Nigeria in $100 Million Currency Swap Transaction
17.7.2023
According to a report, the central banks of Ethiopia and Nigeria recently consummated a $100 million currency swap transaction. Under the arrangement, an Ethiopian airliner was paid local currency equivalent to $100 million while Dangote Cement is said to have received a similar amount of nairas....
Is It Too Late to Buy XRP? XRP Price Nearly Doubles in 7 Days and Launchpad XYZ Just Raised $1.1 Million – What Does it Do?
17.7.2023
After years of hard-fought legal struggle against the Securities and Exchange Commission (SEC), Ripple emerged victorious on July 13, following District Judge Torres' ruling that XRP token sales were not investment contracts (securities).
The highly anticipated judgement catalysed explosive price...
Sam Altman-Backed Worldcoin Reaches 2 Million Signups
17.7.2023
Worldcoin, a startup that aims to build the “world’s largest identity and financial network as a public utility,” has reached two million sign-ups. The company, which uses its biometric World ID system to differentiate human beings, stated it has more than doubled the number...
Ethereum’s Fiery Path: $6.6 Billion Ether Burned Since the London Hard Fork
16.7.2023
Drawing upon recent data, the Ethereum network has incinerated close to 3.46 million ether, translating to a staggering $6.68 billion in value burned since the London hard fork’s implementation on August 5, 2023. Taking into account the 710-day period that followed, the Ethereum network...
Weekly NFT Sales Fall 4.33%, Bitcoin Burials NFT Fetches $1.68 Million
16.7.2023
In the world of non-fungible tokens (NFTs), the sales figures have undergone a minor setback this past week, dipping 4.33% from the previous week, pulling in a total of $148.55 million. With Ethereum standing as an exception, four of the top five blockchains known for NFT sales have witnessed...
Last Chance to Get Involved in 2023’s Best Meme Coin Presale – Thug Life Token Raises $1.8 Million, About to Sell Out
15.7.2023
Saturday, 15th July - Meme coin degens hunting for the next small-cap crypto gem to explode are quickly running out of time to get involved in the Thug Life Token presale, which analysts have hailed as one of 2023’s best meme coin presale opportunities.
Despite only launching the presale just over...
Cathie Wood's Ark Invest Sells $53 Million Coinbase Shares Amid Record Highs
15.7.2023
Cathie Wood’s Ark Invest sold 478,356 Coinbase shares valued at $53 million on Friday as the crypto exchange’s stock prices reached a 52-week high.
This is the second time Cathie Wood-led investment management firm offloaded Coinbase shares within a week.
As reported earlier, Ark Invest sold...
Liquid Staking Derivatives in Ethereum Swell by 1.5 Million ETH in 2 Months
15.7.2023
Over the course of the previous 63 days, there’s been a notable 16.98% surge in the quantity of ethereum (ETH) held in liquid staking derivatives protocols, with a substantial addition of roughly 1,507,285 ETH across 23 different platforms. Data reveals that Lido Finance dominates...
Celsius Founder Alex Mashinsky’s Bail Set at $40 Million, Travel Restricted Amid Fraud Charges
14.7.2023
Just before the now-defunct crypto lender Celsius was charged by three U.S. federal regulators — the Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission (SEC), and Federal Trade Commission (FTC) — its former CEO, Alexander Mashinsky, was arrested on fraud charges...