The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Haun Ventures and Bain Capital Crypto co-led the new funding, with participation from Pantera Capital, Apollo and other investors.
Perp DEXs are back in the spotlight. After Hyperliquid’s success, new players are attracting fresh VC attention and capital. Here’s why.
Lava has also launched a new dollar yield product, currently offering up to 7.5% APY on loans backed solely by bitcoin collateral.
All investors in both private and public rounds will get an “onchain redemption right” to redeem up to their original principal at any 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 move comes as Ethena looks to “expand its presence” on BNB Chain, including supporting new money markets and protocol integrations.
The decentralized science (DeSci) protocol aims to build “scientific superintelligence” onchain with BioAgents.
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.
BlockSpaceForce and Mainnet Capital have launched a new crypto hedge fund to invest in public companies, including DATs.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Aria has raised $15 million in combined seed and strategic funding rounds to bring intellectual property onchain.
Etherealize is an institution-focused advocacy and development group led by former EF developer Danny Ryan and Wall Street trader Vivek Raman.
The latest $20 million strategic round comes from HashKey Capital, Pantera Capital, and Primitive Ventures, among others.
"The protocols launching today will define how value moves through the global economy tomorrow," said Anchorage Digital's Nathan McCauley.
In this edition, I’m digging into why raising a crypto VC fund has gotten harder — even in a bull market — and what that means for the road ahead.
Singapore-based DigiFT said it raised $11 million in its latest funding round led by Japan's SBI Holdings.
Lombard is launching the BARD token community sale on Buidlpad, raising $6.75 million at a $450 million valuation.
Mesh's new funding comes five months after it raised $82 million in a Series B round led by Paradigm in March.
Crypto venture capital firm Pantera has invested over $300 million into digital asset treasury (DAT) companies to date.
The capital will help Transak, which claims to have 10 million users globally, expand its stablecoin payments stack and enter new markets.
Coinbase Ventures has purchased TON tokens “directly from Telegram,” TON Foundation president Manuel Stotz told The Block.
Heritage Distilling is set to launch an IP token treasury strategy worth about $340 million, backed by a16z crypto and other investors.
ALT5 Sigma is raising $1.5 billion to launch a WLFI token treasury strategy that will see it hold about 7.5% of the token’s total supply.
Digital asset treasury or DAT deals are booming — but where does that leave general crypto startup funding?
Investors include Castle Island Ventures, Ledger Cathay Fund, RockawayX, Asymmetric, UTXO Management, Anchorage, and Amber Group.
The company will change its ticker from VAPE to BNC and operate its BNB treasury strategy under the name BNB Network Company.
The LTC tokens were purchased at an average price of $107.58 between July 30 and Aug. 4. At current market prices of around $124, the LTC treasury is now valued at about $115 million.