FUNDING
Crypto Trading Robot Platform 3Commas Raises $37m in Series B Funding
3Commas announced the completion of a $37 million Series B financing. The new funding would be used for advancing its trading automation and the portfolio management technology ecosystem.
FTX to Raise up to $1 Billion at $32 Billion Valuation: Source
Crypto exchange FTX is raising as much as $1 billion at a valuation of around $32 billion, according to CNBC, citing people with knowledge of the discussion.
Pan-African Crypto Exchange Yellow Card raises $40M in Series B Funding Round
The round was led by Polychain Capital. The significance of the funding raise, especially in the ongoing market downturn, reflects the level of business confidence expressed by new and existing investors.
Two Sigma Ventures Pulls $400m in Two Funding Rounds
Multi-dimensional venture capital firm, Two Sigma Ventures (TSV) has raised two funds worth as much as $400 million to invest in early-stage startups.
Coinbase Backs Lawsuit against US Treasury over Tornado Cash Sanctions
A group of crypto users are challenging the US Treasury Department's sanctions of Tornado Cash in court. Coinbase is backing the legal action.
Crypto-related Investment Slowdown May Continue in H2, KPMG Predicts
Attributed to the so-called crypto winter during H1, the amount of investment in the crypto market has been dragged, attracting over $14 billion in H1, according to global audit and consultancy firm KPMG.
VC Shima Capital to Launch $200m Shima Capital Fund I for Web 3 Industry
Early-stage venture capital Shima Capital will launch Shima Capital Fund I, the first fund to support emerging digital assets for web3 and crypto startups.
Fractional Rebrands to Tessera after Raising $20m from Paradigm
Fractional, an NFT-based platform, has rebranded its name to Tessera and has also raised $20 million as it is pursuing avenues to re-affirm its foothold in the digital collectable world.
Injective Raises $40m Funding to Expand DeFi Applications
Injective is investing in the future of financial technology by creating avenues for diversified and equitable access to financial freedom.
Vespene Energy Raises $4.3M Funding to Convert Landfill Methane into Bitcoin
Vespene Energy, a methane mitigation company, said that it is developing an infrastructure that will enable methane gas to produce electricity for Bitcoin mining.
Galoy Launches BTC-Backed Synthetic USD, Hedging Volatility Surprises in Bitcoin
Galoy believes that allowing dollars to flow through Bitcoin will assist in addressing short-term volatility price risk. Volatility is one of the biggest challenges hindering growth of Bitcoin as a means for casual payments.
SoftBank-Backed Web3.0 Startup MarqVision Pulls $20M in Series A Funding
MarqVision, a startup known for its Artificial Intelligence (AI) powered platform,has announced it has raised the sum of $20 million in a Series A funding round
Defi Cross-chain Interoperability Protocol Nomad Raises $22.4m from Crypto Leaders
Defi cross-chain interoperability protocol Nomad has secured a $22.4 million seed round from crypto industry leaders.
Venture Capital Firm Variant to Establish $450m Venture Fund III
Venture capital firm Variant has announced the launch of a $450 million Venture Fund III to help startups focused on Defi and Web3 infrastructure.
DeFi Platform Space and Time Pulls $10m in Series A Funding
DeFi startup Space and Time has secured $10 million in a Series A funding round as the firm seeks to develop its one-in-a-kind cryptographic protocol called proof-of-SQL.