⚡️Crypto News Digest: Key Updates You Need to Know
The current report features updates of Securitize, XSwap, RWA Inc., Microstrategy, BNB Chain, Swell, Space and Time, =nil; Foundation, Coinbase, pSTAKE Finance, KIP Protocol, and Fetch ai.
⚡️ @FTI_Global takes its tokenized treasury fund to @Coinbase’s L2 chain, @Base
Franklin Templeton expands its OnChain U.S. Government Money Market Fund (FOBXX) to Base, becoming the first asset manager on the Layer 2. The fund, which has a $410M market cap, is already available on Arbitrum, Polygon, Avalanche, Aptos and Stellar, which functions as the primary public blockchain.
⚡️ @Ellipsis_labs raises $20M from @HaunVentures to accelerate the launch of its @Atlasxyz L2 chain
Ellipsis Labs, the team behind the Solana-based decentralized exchange @PhoenixTrade, has raised $20M from Haun Ventures. The funding will be used to accelerate the development of Atlas, a layer-2 blockchain focused on verifiable finance. Earlier in April, Ellipsis Labs raised $20M from @Paradigm and @ElectricCapital to build Phoenix, an order book-style exchange on Solana.
⚡️ @ClearpoolFin's L2 Ozean joins forces with @withAUSD to integrate $AUSD
Ozean has partnered with Agora to bring AUSD into Oxygen (O2), its innovative RWA liquidity layer. AUSD is a digital dollar minted 1:1 with USD fiat, utilizing one of the world’s largest custodian banks to safeguard assets. This innovation offers protocols and users a powerful tool to bootstrap liquidity with a selection of premium, yield-bearing assets. Launched by Clearpool earlier in August, Ozean is an #RWA yield-focused Layer 2 network.
⚡️ @Citrea_xyz has closed its $14M Series A investment led by @FoundersFund
Citrea, a Bitcoin project striving to expand the utility of the original cryptocurrency by using zero-knowledge technology, raises $14M in Series A round. The funding was led by Founders Fund, with participation from @Maven11Capital, @Mirana, @daofive, @Zkv_xyz, @Axiombtc, as well as, numerous angels. The project has also launched an exclusive developer program, Citrea Origins, to be the driving force behind our mission of a Bitcoin-backed economy.
⚡️ @Spire_Labs raises $7M in funding led by @Maven11Capital and @Anagramxyz
Spire Labs, an Ethereum scaling infrastructure developer, has closed its $7M seed investment co-led by Maven 11 Capital and Anagram. Among other investors are @a16zcrypto CSX, @DCGco, @BanklessVC, @L2iterative, @VoltCapital, @FinalityCap, and several angel investors. Spire develops Based Stack, a rollup framework designed to enable builders to deploy application-specific chains, or appchains.
⚡️ @GlowFND has raised $30M from @hiFramework and @USV
Glow, a blockchain solar company, announces the closure of its $30M fundraising backed by Framework Ventures and Union Square Ventures. This funding round includes $6.5M of funding for the company and $23.5M of solar investment. The firm plans to use the money to scale the company and expand into new countries amid reaching the milestone of $3.4M in on-chain revenue. Glow is an Ethereum-based solar project attempting to achieve 100% renewable energy by decentralizing electric grids around the world.
⚡️ @Trondao $TRX has joined forces with @Chainlink $LINK to join the Scale program
#TRON blockchain will integrate Chainlink Data Feeds as its official data oracle solution, as part of TRON DAO joining the Chainlink Scale program. Through this partnership, the TRON DeFi ecosystem will move to Chainlink Data Feeds for secure and reliable pricing data. Moreover, TRON's participation in the Chainlink Scale program aims to accelerate ecosystem growth and adoption by providing developers with access to high-quality and hyper-reliable oracle services.
⚡️ @Alliancegamesx announces the closure of its $5M Series A investment round
Alliance Games has raised $5M in Series A funding led by @AnimocaBrands and Asymm Ventures. Additional round participants included @TheSpartanGroup, @Dialectic_Group, @ZBScapital, @KyrosVentures, @iAngelsCapital, @ArcheFund, @TheOverwolf, and others. Alliance Games aims to develop a decentralized AI infrastructure built specifically for gaming.
⚡️ @GraFunLabs will join season 8 of the Most Valuable Builder accelerator program
GraFun has been selected to join season 8 of the Most Valuable Builder accelerator program, run by @BNBCHAIN, @BinanceLabs, and @CoinMarketCap. Throughout the program, the project will have access to a curriculum covering key topics to address early-stage Web3 project needs such as tokenomics design, fundraising strategies, building teams, and talent. Moreover, Binance Labs will make an investment decision on selected top-performing project teams.
To celebrate the milestone, GraFun has launched a 2x $GRA farming boost for the next 48 hours. GraFun operates as a memecoin launchpad utilizing an innovative Fair Curve model.
⚡️ Top Crypto Projects by Developer Activity in October
Dev.Activity - the development activity of a project done in its public Github repositories. Development Activity metrics are measured in a number of @Github events.
⚡️ @Vaneck_us debuts its $SOL staking offering through the partnership with @Kiln_finance
The crypto-friendly asset manager VanEck has partnered with Kiln, an enterprise staking service, to begin staking @Solana. Under this collaboration, VanEck will now offer regulated access to Solana staking rewards on top of the price of #SOL. Earlier this month, VanEck disclosed its plans to raise $30M for its first fund to invest in early-stage startups.
With the spread of Web3 technologies, #blockchain games became the industry trend and keep on attracting the attention of #GamiFI & crypto communities. We have made a recap of top blockchain games by volume in the last 30 days, so let's take a look!
⚡️ @FTX_Official has initiated legal action against @Kucoincom to recover $50M in locked assets
@AlamedaResearch, the subsidiary of the bankrupt crypto exchange FTX, has sued KuCoin to recover over $50M in locked assets. The assets were originally valued at $28M but now exceed $50M due to market fluctuations. Earlier this month, FTX agreed with @Bybit_Official to drop its lawsuit against the exchange in a $228M settlement.
⚡️ @Nitro_Labs has raised $4M in a seed funding round led by @Lemniscap
Nitro Labs, the team behind @Terminaxyz, raises $4M in funding led by Lemniscap. Additional round participants included @AnimocaVentures, @Borderless_Cap, @FinalityCap, @RaceCapital, and @Nolimithodl. Termina is an open-source platform that aims to enable developers to easily deploy custom Solana rollups or SVM network extensions. Currently, the network is in its private alpha devnet phase, with its mainnet anticipated to go live next year.