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Brevan Howard Digital Advances Institutional DeFi Push With $20M Investment in Kinto
Quick take:
The investment provides a pathway for Brevan Howard Digital to participate in Kinto’s mining program that rewards on-chain asset deposits with token emissions.
Some of the compliance tools integrated into Kinto include Know-Your-Customer (KYC) and Anti-Money Laundering (AML) protocols.
The platform also offers a smart contract wallet with default insurance and security enhancements.
Brevan Howard’s digital asset unit has deployed $20 million into the Ethereum-based institutional
The investment provides a pathway for Brevan Howard Digital to participate in Kinto’s mining program that rewards on-chain asset deposits with token emissions.
Some of the compliance tools integrated into Kinto include Know-Your-Customer (KYC) and Anti-Money Laundering (AML) protocols.
The platform also offers a smart contract wallet with default insurance and security enhancements.
Brevan Howard’s digital asset unit has deployed $20 million into the Ethereum-based institutional
Standard Chartered, Animoca Brands and HKT Form Joint Venture Focused on Stablecoins
Quick take:
Standard Chartered Bank’s experience working with stablecoin issuers globally allows the joint venture to have bank-grade infrastructure and rigorous governance.
Animoca Brands’ extensive Web3 network allows the joint venture to tap into crypto-native opportunities.
Hong Kong Telecom’s mobile wallet technology allows the joint venture to develop extensive stablecoin use cases.
Standard Chartered Bank Hong Kong Ltd, Animoca Brands, and Hong Kong Telecom (HKT) have formed a joint v
Standard Chartered Bank’s experience working with stablecoin issuers globally allows the joint venture to have bank-grade infrastructure and rigorous governance.
Animoca Brands’ extensive Web3 network allows the joint venture to tap into crypto-native opportunities.
Hong Kong Telecom’s mobile wallet technology allows the joint venture to develop extensive stablecoin use cases.
Standard Chartered Bank Hong Kong Ltd, Animoca Brands, and Hong Kong Telecom (HKT) have formed a joint v
Tether Expands Its Portfolio to the Sports Industry With a Minority Stake in Juventus FC
Quick take:
The company wants to integrate its digital assets and payment solutions with sports franchises worldwide.
Last year, Plan ₿, an initiative founded by Tether and the City of Lugano, announced its official sole kit sponsorship of FC Lugano.
The company has also invested in Bitcoin mining projects, AI and biotech as part of its long-term strategic vision.
Tether, the world’s largest digital company has acquired a minority stake in Serie A side Juventus Football Club. The strategic a
The company wants to integrate its digital assets and payment solutions with sports franchises worldwide.
Last year, Plan ₿, an initiative founded by Tether and the City of Lugano, announced its official sole kit sponsorship of FC Lugano.
The company has also invested in Bitcoin mining projects, AI and biotech as part of its long-term strategic vision.
Tether, the world’s largest digital company has acquired a minority stake in Serie A side Juventus Football Club. The strategic a
DeFi.app Secures $4M Extended Seed Round From VCs and Cobie’s Echo Platform
Quick take:
The latest fundraising brings the total raised to $6 million following a seed round announced in December.
The fundraising was closed at a flat token value of $100 million.
The company sold 400 million tokens (200 million each to VCs and through Echo) accounting for 4% of its yet-to-launch $HOME token.
DeFi.app has raised $4 million in an extended seed round split across two factions. The VC faction which raised $2 million was led by Mechanism Capital, with participation from DCF
The latest fundraising brings the total raised to $6 million following a seed round announced in December.
The fundraising was closed at a flat token value of $100 million.
The company sold 400 million tokens (200 million each to VCs and through Echo) accounting for 4% of its yet-to-launch $HOME token.
DeFi.app has raised $4 million in an extended seed round split across two factions. The VC faction which raised $2 million was led by Mechanism Capital, with participation from DCF
Plasma Raises $24M to Build Bitcoin-Based Blockchain Focused on Stablecoins
Quick take:
Plasma is building a blockchain tailored to Tether’s USDT, the world’s most popular stablecoin.
The company plans to attract stablecoin users by offering zero-fee USDT transactions.
Plasma seeks to make USDT transactions more cost-efficient by eliminating fancy services that other blockchains offer to enable NFT trading, meme coins, or token airdrops.
Plasma has closed a $24 million funding round led by Framework Ventures with participation from Bitfinex, Peter Thiel and Tether C
Plasma is building a blockchain tailored to Tether’s USDT, the world’s most popular stablecoin.
The company plans to attract stablecoin users by offering zero-fee USDT transactions.
Plasma seeks to make USDT transactions more cost-efficient by eliminating fancy services that other blockchains offer to enable NFT trading, meme coins, or token airdrops.
Plasma has closed a $24 million funding round led by Framework Ventures with participation from Bitfinex, Peter Thiel and Tether C
Plume Network and Mercado Bitcoin Team Up to Tokenise $40M Worth of RWAs
Quick take:
The Latin American trading platform wants to enable the trading of tokenised Brazilian assets to customers around the world.
Mercado Bitcoin claims to have 4 million users and wants to leverage Brazil’s huge population and rapid adoption of digital assets to accelerate growth.
Plume Network is backed by some of the leading Web3 VCs including Brevan Howard Digital, Galaxy Ventures and Haun Ventures.
Plume Network has partnered with Mercado Bitcoin to bring $40 million worth of tok
The Latin American trading platform wants to enable the trading of tokenised Brazilian assets to customers around the world.
Mercado Bitcoin claims to have 4 million users and wants to leverage Brazil’s huge population and rapid adoption of digital assets to accelerate growth.
Plume Network is backed by some of the leading Web3 VCs including Brevan Howard Digital, Galaxy Ventures and Haun Ventures.
Plume Network has partnered with Mercado Bitcoin to bring $40 million worth of tok
ZkLend TVL Tumbles 90% to $1M Following $9.5M Exploit
zkLend, a leading lending protocol on Starknet, suffered a 90% in total value locked (TVL) on February 12, as per DefiLlama. The TVL plummeted from nearly $12 million on Tuesday to the current level of $1.1 million. It is the worst performer among dapps with at least $10,000 in TVL.
The sudden decline in TVL is the result of the recent exploit, as hackers drained about $9.5 million worth of crypto.
Shortly after the incident, zkLend paused all withdrawal operations and recommended users halt d
The sudden decline in TVL is the result of the recent exploit, as hackers drained about $9.5 million worth of crypto.
Shortly after the incident, zkLend paused all withdrawal operations and recommended users halt d
Trump to Appoint A16z Crypto’s Brian Quintenz for CFTC Chair
Quick take:
Quintenz emerged as a top contender for the position following Trump’s election win last year.
Bloomberg reported on Wednesday that Trump is now planning to appoint Quintenz citing a document sent by the White House to Capitol Hill.
The nomination of Quintenz to head CFTC aligns with Trump’s pro-crypto agenda as he seeks to implement new regulations for digital assets.
Donald Trump will appoint A16z Crypto’s head of Global Policy Brian Quintenz as the new Chair of the Commodity F
Quintenz emerged as a top contender for the position following Trump’s election win last year.
Bloomberg reported on Wednesday that Trump is now planning to appoint Quintenz citing a document sent by the White House to Capitol Hill.
The nomination of Quintenz to head CFTC aligns with Trump’s pro-crypto agenda as he seeks to implement new regulations for digital assets.
Donald Trump will appoint A16z Crypto’s head of Global Policy Brian Quintenz as the new Chair of the Commodity F
Atlas Network Rebrands to NodeOps Network Amid Positive TestNet Stats: Details
Quick take:
Atlas Network by NodeOps rebrands to NodeOps Network.
The network currently supports over 80 chains and services including Movement Labs, Avail, CARV, Celestia, and Farcaster.
The piloted incentivised testnet attracted more than 282k verified users and a total of 3.44 million registered wallets.
NodeOps, the chain-agnostic DePIN orchestration layer, was the fourth top-earning decentralised physical infrastructure network in 2024, with $2.53 million in annual recurring revenue.
T
Atlas Network by NodeOps rebrands to NodeOps Network.
The network currently supports over 80 chains and services including Movement Labs, Avail, CARV, Celestia, and Farcaster.
The piloted incentivised testnet attracted more than 282k verified users and a total of 3.44 million registered wallets.
NodeOps, the chain-agnostic DePIN orchestration layer, was the fourth top-earning decentralised physical infrastructure network in 2024, with $2.53 million in annual recurring revenue.
T
DeFi ‘Super App’ Legend Raises $15M in a Round Backed By A16z and Coinbase
Quick take:
The company wants to operate as a more useful self-custody wallet, bringing all Ethereum-based services to one place.
When the app launches, users will have their own self-custody wallets embedded in the app.
Legend is working with various decentralised finance applications to enable users to access different services without leaving the app.
Legend, a Decentralised Finance “super app,” has raised $15 million from Andreessen Horowitz (A16z) and Coinabse Ventures. It is being deve
The company wants to operate as a more useful self-custody wallet, bringing all Ethereum-based services to one place.
When the app launches, users will have their own self-custody wallets embedded in the app.
Legend is working with various decentralised finance applications to enable users to access different services without leaving the app.
Legend, a Decentralised Finance “super app,” has raised $15 million from Andreessen Horowitz (A16z) and Coinabse Ventures. It is being deve
Dolomite’s Lending Dapp Surges 600% in a Week to Record $392M TVL
Dolomite, a multi-chain lending dapp launched in 2022, saw its total value locked (TVL) skyrocket nearly 600% in the past week to a record $392.4 million, as per DefiLlama.
The platform’s TVL growth is associated with the recent launch of the much-anticipated Berachain – an EVM-compatible layer 1 chain that uses a Proof of Liquidity (PoL) consensus mechanism.
Dolomite operates as a DeFi money market, enabling users to lend and borrow a wide range of assets, positioning itself as the only pla
The platform’s TVL growth is associated with the recent launch of the much-anticipated Berachain – an EVM-compatible layer 1 chain that uses a Proof of Liquidity (PoL) consensus mechanism.
Dolomite operates as a DeFi money market, enabling users to lend and borrow a wide range of assets, positioning itself as the only pla
British Man Wants to Buy Garbage Site Where Hard Drive With 8,000 Bitcoin Was ‘Dumped’
Quick take:
His ex-girlfriend reportedly accidentally discarded the drive in 2013 containing 8,000 bitcoin.
At the time, Bitcoin traded between $50 and $246, implying a total value of about $400,000 to just under $2 million.
Last year, Howell tried to sue the city council for access to the site or compensation of GBP 495 million ($646 million).
James Howell, a computer engineer based in the U.K., has taken his ‘Bitcoin treasure’ hunt to a whole new level. On Monday, reports emerged that he n
His ex-girlfriend reportedly accidentally discarded the drive in 2013 containing 8,000 bitcoin.
At the time, Bitcoin traded between $50 and $246, implying a total value of about $400,000 to just under $2 million.
Last year, Howell tried to sue the city council for access to the site or compensation of GBP 495 million ($646 million).
James Howell, a computer engineer based in the U.K., has taken his ‘Bitcoin treasure’ hunt to a whole new level. On Monday, reports emerged that he n
Ondo Finance Launches Ondo Chain to Bring Institutional-Grade Financial Markets OnChain
Quick take:
The announcement follows Tuesday’s launch of Ondo Global Markets designed to bring stocks, bonds and ETFs onchain.
The company will use permissioned validators to verify transactions and ensure accurate, up-to-date data.
Ondo Chain will also enable staking for tokenised real-world assets for network security.
Ondo Finance has launched Ondo Chain, a layer-1 blockchain focused on bringing institutional-grade financial markets on-chain. The company has chosen leading traditional ass
The announcement follows Tuesday’s launch of Ondo Global Markets designed to bring stocks, bonds and ETFs onchain.
The company will use permissioned validators to verify transactions and ensure accurate, up-to-date data.
Ondo Chain will also enable staking for tokenised real-world assets for network security.
Ondo Finance has launched Ondo Chain, a layer-1 blockchain focused on bringing institutional-grade financial markets on-chain. The company has chosen leading traditional ass
UAE-Based the Game Company Raises $10M for Its Cloud-Based Web3 Gaming Platform
Quick take:
The Game Company previously raised $5 million at a $40 million valuation in April 2023.
The latest fundraising was led by Telcoin and its CEO Paul Neuner, BullPerks and Singularity DAO.
The company claims to have already onboarded 500,000 waitlisted users for its upcoming cloud-gaming platform.
The Game Company, a UAE-based blockchain gaming infrastructure provider has announced a $10 million funding co-led by Telcoin and its CEO Paul Neuner, BullPerks and Singularity DAO, and o
The Game Company previously raised $5 million at a $40 million valuation in April 2023.
The latest fundraising was led by Telcoin and its CEO Paul Neuner, BullPerks and Singularity DAO.
The company claims to have already onboarded 500,000 waitlisted users for its upcoming cloud-gaming platform.
The Game Company, a UAE-based blockchain gaming infrastructure provider has announced a $10 million funding co-led by Telcoin and its CEO Paul Neuner, BullPerks and Singularity DAO, and o
0G Foundation Launches $88M Fund to Back the Next Generation AI-Powered DeFi Agents
Quick take:
The announcement comes less than a month after completing a $30M AI node sale in January.
It also comes ahead of the company’s anticipated mainnet launch of its AI-focused blockchain in the first or second quarter of 2025.
Last year, the company also raised $35 million in seed funding and a further $40 million extension backed by Hack VC, Delphi Digital, OKX Ventures, Samsung Next, Bankless Ventures and Animoca Brands.
0G Foundation has launched an $88 million fund to invest in t
The announcement comes less than a month after completing a $30M AI node sale in January.
It also comes ahead of the company’s anticipated mainnet launch of its AI-focused blockchain in the first or second quarter of 2025.
Last year, the company also raised $35 million in seed funding and a further $40 million extension backed by Hack VC, Delphi Digital, OKX Ventures, Samsung Next, Bankless Ventures and Animoca Brands.
0G Foundation has launched an $88 million fund to invest in t
Union Square Ventures Leads $14M Series a for Token Trading Infrastructure Reservoir
Quick take:
The fundraising also attracted participation from Coinbase Ventures, Variant, Archetype, 1kx and others.
It brings the total raised to $26 million following a $10 million seed and $2 million pre-seed rounds announced in 2022 and 2021, respectively.
As part of the deal, Union Square Ventures’ Nick Grossman joined Reservoir’s board.
Token trading infrastructure platform Reservoir has raised $14 million in a Series A round led by Union Square Ventures. Coinbase Ventures, Variant, Ar
The fundraising also attracted participation from Coinbase Ventures, Variant, Archetype, 1kx and others.
It brings the total raised to $26 million following a $10 million seed and $2 million pre-seed rounds announced in 2022 and 2021, respectively.
As part of the deal, Union Square Ventures’ Nick Grossman joined Reservoir’s board.
Token trading infrastructure platform Reservoir has raised $14 million in a Series A round led by Union Square Ventures. Coinbase Ventures, Variant, Ar
Royco Skyrockets to $3B TVL Ahead of Berachain Launch
Royco Protocol, an Ethereum-based yield dapp launched at the end of 2024, has become one of the largest markets in DeFi after its total value locked (TVL) surged an impressive 267,000% in the past month to $3 billion. Royco is the fastest-growing application thanks to record inflows.
The protocol positions itself as a platform for creating Incentivized Action Markets (IAMs). In IAMs, incentive providers offer tokens or points for ‘Action Providers’ to perform on-chain actions, such as depositi
The protocol positions itself as a platform for creating Incentivized Action Markets (IAMs). In IAMs, incentive providers offer tokens or points for ‘Action Providers’ to perform on-chain actions, such as depositi
DePIN Project Beamable Secures $13.5M Series a Round Led By Bitkraft
Quick take:
Arca, Advancit Capital, P2 Ventures, Solana Foundation, Scytale Digital, GrandBanks Capital, Permit Ventures, and others participated in the fundraising.
The company is building a Beamable Network, which seeks to reduce the reliance on centralised hyperscalers.
Beamable uses tokenised incentives to align contributors and users, creating a community-driven infrastructure.
Beamable, a decentralised physical infrastructure network (DePIN) for games has raised $13.5 million in a Seri
Arca, Advancit Capital, P2 Ventures, Solana Foundation, Scytale Digital, GrandBanks Capital, Permit Ventures, and others participated in the fundraising.
The company is building a Beamable Network, which seeks to reduce the reliance on centralised hyperscalers.
Beamable uses tokenised incentives to align contributors and users, creating a community-driven infrastructure.
Beamable, a decentralised physical infrastructure network (DePIN) for games has raised $13.5 million in a Seri
Bitcoin Ordinals Project Taproot Wizards Announces $30M Funding for OP_CAT Ecosystem
Quick take:
The company plans to use the funds to expand the OP_CAT functionality on Bitcoin.
Taproot Wizards founders want OP_CAT to power the types of apps built on Ethereum and Solana on Bitcoin.
The fundraising follows the company’s $7.5 million seed round announced in November 2023.
Taproot Wizards, the Bitcoin project founded by Udi Wertheimer and Eric Wall has announced a $30 million funding round led by Standard Crypto, with participation from Cyber Fund, Collider Ventures, Geometry,
The company plans to use the funds to expand the OP_CAT functionality on Bitcoin.
Taproot Wizards founders want OP_CAT to power the types of apps built on Ethereum and Solana on Bitcoin.
The fundraising follows the company’s $7.5 million seed round announced in November 2023.
Taproot Wizards, the Bitcoin project founded by Udi Wertheimer and Eric Wall has announced a $30 million funding round led by Standard Crypto, with participation from Cyber Fund, Collider Ventures, Geometry,
TVM Ventures Launches With $100M Fund Focused on TON-Based Projects
Quick take:
The fund will back startups building on the TON ecosystem, especially DeFI and PayFi projects.
The fund specifically targets early-stage startups valued at $5 million to $10 million as it aims to take the lead position with checks of $500,000 to $1 million.
TVM will also provide $5 million in farming liquidity to help protocols establish the minimum liquidity needed for their projects.
Former TON Foundation president Steve Yun has launched a new spin-off fund, which comes less th
The fund will back startups building on the TON ecosystem, especially DeFI and PayFi projects.
The fund specifically targets early-stage startups valued at $5 million to $10 million as it aims to take the lead position with checks of $500,000 to $1 million.
TVM will also provide $5 million in farming liquidity to help protocols establish the minimum liquidity needed for their projects.
Former TON Foundation president Steve Yun has launched a new spin-off fund, which comes less th