Tesla's Musk Remains Open to Buying More Bitcoin After Selling in Q2 to Raise Cash
Tesla CEO Elon Musk said the EV company could add to its bitcoin position again in the future, but wanted to boost its cash position. Original Source
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Binance.US Targeting $50M Follow-On Raise at $4.5B Valuation
Binance.US, the American arm of the crypto exchange giant, is looking to raise up to $50 million in additional funding at a $4.5 billion valuation in what would be a continuation of the exchange’s seed round, according to people familiar with the matter. Source
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Bond Traders Raise Bets for Fed Rate Hike, Adding to BTC Pressure
Up until last week, economists predicted a 50 basis point rate increase, as happened in May. But a U.S. government report Friday showed the consumer price index, which tracks inflation, rose to a new high of 8.6% instead of an expected slowdown. Now, the central bank is entertaining the possibility
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Beanstalk Stablecoin Protocol ‘Barn Raise’ Aims to Restore $77M in Lost Funds
As part of the fundraiser, Beanstalk will also launch a 10,000-item non-fungible token (NFT) series, The Barn Raise NFT Collection, which will be made available to the first participants contributing at least 1,000 USDC before the protocol’s relaunch. Original Source
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How to incorporate a DAO and issue tokens to be ready to raise money from VCs
What is a DAO?A DAO, or decentralized autonomous organization, is an online-based organization that exists and operates with no single leader or governing body. DAOs are run by code written on a blockchain like Ethereum (ETH) and are owned and operated by the people who use them.There are many different
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KuCoin Plans to Bolster DeFi Activity on Its Blockchain After $150M Raise; Cryptos Gain
Bitcoin was recently changing hands at around $30,200, up more than 4.4% over the past 24 hours. The increase outperformed ether, which rose a little more than 3.5% during the same period, and other cryptos, most of which also registered smaller gains as investors continued to prefer the best-known digital
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FTX, Liberty City Lead $20M Raise for Dev Platform DoraHacks
The hackathon startup will use the funds to launch an NFT-focused venture fund, among other things. Original Source
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Coinbase Ventures Backed Startup to Build Pan-African Crypto Exchange With $23 Million Capital Raise – Finance Bitcoin News
The African startup, Mara, recently said it has raised about $23 million in funding from organizations ranging from Coinbase Ventures to individual angel investors like Amit Bhatia and Hamad Alhoimaizi. Mara has also partnered with the Central African Republic (CAR) and will act as an adviser to the country’s president.
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KuCoin to launch DeFi products in 2022 with fresh $150M raise
The global cryptocurrency exchange KuCoin aims to go beyond centralized trading services and focus on Web3 with new funding backed by firms like Circle Ventures.The KuCoin cryptocurrency exchange officially announced on May 10 a $150 million pre-Series B funding round, bringing the company’s valuation to $10 billion.The latest funding round
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Katie Haun’s New Crypto Fund Leads $50M Raise for NFT Protocol Zora
The funding round values the NFT tooling startup at $600 million. Original Source
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