Zynk raised $5 million in a seed round led by Hivemind Capital, with participation from Coinbase Ventures, among others.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The $5 billion valuation cements Tempo as one of the most valuable new entrants in the stablecoin infrastructure race.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Last month, Ethereum Foundation made similar announcement when it said would convert 10,000 ether (worth $43.6 million at the time).
The round included new backing from Coinbase Ventures, with increased commitments from Galaxy Ventures and Vertex Ventures.
M2 is backing the protocol’s bid to grow adoption of its synthetic dollar products across the Middle East.
The firm has reportedly received significant interest from outside investors and may eventually become an externally focused fund.
Pantera Capital founder Dan Morehead revealed that the firm's $1.1 billion in Solana is the largest crypto position on its books.
Helius joins the growing ranks of Solana treasury companies, alongside Forward Industries, Sol Strategies, and DeFi Development Corp.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The round, structured as a Simple Agreement for Future Equity (SAFE), closed in August, valuing Wildcat Labs at $35 million post-money.
Tempo is already working with tech firms Anthropic, Deutsche Bank, DoorDash, Nubank, OpenAI, Revolut, and Shopify.
The game does not include the PENGU token at launch, but Pudgy Penguins and Mythical Games are exploring "interesting ways" to add tokens.
"The protocols launching today will define how value moves through the global economy tomorrow," said Anchorage Digital's Nathan McCauley.
Singapore-based DigiFT said it raised $11 million in its latest funding round led by Japan's SBI Holdings.
Tempo is a high-performance, payments-focused blockchain, currently in stealth, reportedly being built in partnership with Paradigm.
Investors include Castle Island Ventures, Ledger Cathay Fund, RockawayX, Asymmetric, UTXO Management, Anchorage, and Amber Group.
The platform addresses gaps left following the collapse of Signature and Silvergate banks during Operation Choke Point 2.0.
The UK-listed firm accepted 1,097.29 BTC in lieu of $96.9 million in cash at the request of a significant number of subscribers.
The IP token, which launched in February, is currently trading at around $6.4, up about 125% in the past month.
180 Life Sciences has entered into a $425 million PIPE agreement with over 60 investors to build an Ethereum treasury strategy.
The Hong Kong-based crypto firm said it plans to use the proceeds for its international expansion and stablecoin initiatives.
Schwab clients are already major holders of crypto ETFs and are looking to bring their assets held by "crypto natives" to the firm.
The platform aims to close the cash yield gap between Europe and the U.S., projecting to reach $1 billion in AUM by the end of the year.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Hyperliquid Strategies is expected to hold 12.6 million HYPE tokens and $305 million in cash at closing of the deal.
It's not the famous rapper's first foray into the industry, having been actively involved in NFTs and crypto for over a decade.