MakerDAO’s MKR, Ripple’s XRP and Stellar’s XLM Led Crypto Gainers in July
Cryptocurrency giants, bitcoin and ether, meanwhile, lost ground during the month. Source
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Crypto Firms Raised $129M Last Week, Led by Flashbots’ $60M Raise
Infrastructure projects again dominated the week with six projects, while Web3 was the only other category represented. The week was also dominated by early-stage deals in the seed or pre-Series A stages, a common theme during the extended crypto winter. Later stage rounds involve more risk and due diligence, and
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Sam Altman Led Worldcoin (WLD) Being Probed by French Privacy Regulator CNIL
"The legality of this [data] collection seems questionable, as do the conditions for preservation of biometric data," a CNIL spokesperson said in a written statement, referring to Worldcoin's practise of scanning retinas to ensure that no single person can claim crypto rewards twice. Original Source
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Crypto Startups Raised $201.4M in Venture Funding Last Week, Led by Infrastructure
The largest fundraises for the week belonged to metaverse startup Futureverse and RISC Zero, creator of developer tools for zero-knowledge proofs. Source
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BCH, FTT, COMP Led Crypto Market Gains in June
June has not only seen the two largest crypto exchanges, Binance and Coinbase, under fire from the U.S. Securities and Exchange Commission, which caused altcoins to dip, but has also witnessed a number of large institutions pushing further into crypto toward the end of the month, igniting positive sentiment. Bitcoin
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Inflection AI raises $1.3B in funding led by Microsoft and Nvidia
On June 29, Palo Alto-based Inflection AI announced the completion of a $1.3 billion raise led by Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt and Nvidia. The new capital will be partly allocated to building a 22,000-unit Nvidia H100 Tensor GPU cluster, which the company claims is the largest in
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Tokenization Could Be a $5T Opportunity Led by Stablecoins and CBDCs: Bernstein
About 2% of global money supply, via stablecoins and CBDCs, could be tokenized over the next five years, which is about $3 trillion, the report said. Source
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DeFi Credit Protocol Concordia Raises $4M in Seed Round Led by Tribe, Kraken
"We're on a path to integrate across DeFi and TradFi," said Thomas Ruble, chief technology officer of Concordia, in a statement. "To move real assets at the speed of frictionless blockchains is the goal everyone wants. Just as Main Street and Wall Street both enjoy the same World Wide Web,
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Blockchain-Based, AI Compute Protocol Gensyn Closes $43M Series A Funding Round Led by a16z Crypto
With its latest round, Gensyn has raised more than $50 million and the company said it would use the fresh capital to accelerate the introduction of the protocol and to expand its workforce, including the addition of protocol and machine learning engineers. Prominent investment firms CoinFund, Canonical Crypto, Protocol Labs,
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Web3 Project Magic Raises $52M in Strategic Funding Round Led by PayPal Ventures
Magic Labs has so far raised more than $80 million and facilitated the creation of 20 million wallets with support from over 130k developers. Magic Labs Inc, an upcoming crypto wallet-as-a-Service (WaaS) provider, has announced the completion of a strategic funding round with $52 million to enable Web3 mass adoption. The
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