Tether's multi-billion dollar war chest has been deployed into several projects in recent years, including a Neuralink-style brainchip firm.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The financing could suggest renewed investor interest in prediction markets after the trading frenzy spurred by the presidential election.
The funding aims to accelerate institutional and decentralized finance adoption of the privacy-focused Canton Network.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The firm will invest in decentralized infrastructure, middleware, and consumer applications at the intersection of blockchain and AI.
The startup is confident its trading capabilities can rival giant centralized exchanges like Binance and Coinbase.
Veda is designed to enable apps, protocols, and institutions to offer onchain yield products without DeFi complexity.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
a16z crypto has purchased $70 million in EIGEN tokens, expanding on its previous lead investment in Eigen Labs' $100 million Series B round.
The number of crypto IPOs year-to-date matches the pace of offerings seen in the bull market of 2021, the report said.
Yupp is a free platform that allows users to compare answers from multiple AI models, using crypto rails for rewards and payouts.
Tether Investments' approximate 31.9% stake in Elemental is worth around $89 million at an acquisition price of $1.14.
The firm intends to use its Series A financing to increase its employee headcount and to expand the functionality of its Toolkit product.
SOON plans to use the funds to deliver high-performance chains and trading tools, expand further into the RWA space, and scale its copy-trading product.
Adyen veteran Thijn Lamers has also joined the stablecoin infrastructure platform as co-founder and president.
The Tel Aviv, Israel-based security startup raised $40 million in fresh financing in a round co-led by Ten Eleven and Ballistic Ventures.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Turnkey plans to use the fresh funding to scale its team and expand its modular infrastructure, with a focus on open-source contributions.
3Jane will evaluate and extend crypto users' credit based on “verifiable financial proofs" including credit scores.
The token will reportedly be offered to public and private investors, though it is unclear when or where the token launch will occur.
The Series A was structured as equity with token warrants, Singh said, declining to disclose the post-money valuation.
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Atticus, currently in stealth-mode, could get a valuation of between $1.5 billion to $2 billion and become this year's first stablecoin unicorn.
Eternis AI is developing Freysa AI and has raised $30 million from Coinbase Ventures, Selini Capital, and others.
The team plans to invest upwards of $500,000 in around 30 early-stage startups involved in tokenization, stablecoins, and infrastructure.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Stablecoins are one of the fastest-growing sectors in crypto and an increasingly popular tool for global payments, attracting interest from venture capital investments.
Circle Ventures, Sound Ventures, Commerce Ventures and DCG also participated in the round geared towards fueling expansion.
Telegram is looking to raise $1.5 billion, including from existing backers like BlackRock and Abu Dhabi’s investment firm Mubadala.