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Cytonic Raises $8.3M Seed Round to Solve Blockchain Compatibility Challenges
Cytonic, a groundbreaking multi-virtual-machine blockchain, has just closed an impressive $8.3 million seed funding round. The round was co-led by Lattice and Lemniscap, with contributions from other big-name investors like IOBC, Nomura, Arthur Hayes, and Public Works. With this funding, Cytonic aims to tackle one of blockchain's most pressing problems: cross-chain compatibility.
Built by MultiVM Labs, Cytonic’s platform is designed to bridge the gaps between blockchains, enabling seamless interactions across different networks.
Here’s a breakdown of what Cytonic does, who’s behind it, and how it could reshape the crypto landscape. 🚀
Cytonic: A New Era of Blockchain Compatibility 🌉
Cytonic was created to address the fragmentation that is increasingly hindering blockchain’s growth potential. Currently, developers and users face barriers when navigating between different blockchains, each with its own set of protocols, virtual machines, and storage systems. Cytonic’s solution? The world’s first Layer 1 blockchain that can run multiple virtual machines—such as Ethereum’s EVM and Solana’s SVM—on a single decentralized execution layer.
This innovation makes it possible for decentralized applications (dApps), wallets, and other blockchain tools from various ecosystems to operate on Cytonic without any code modifications. It’s a powerful approach that effectively breaks down the walls between different blockchains, making blockchain technology more accessible and user-friendly.
The Benefits of Cytonic’s Multi-VM Architecture 💡
Cytonic’s multi-VM structure provides major benefits for both users and developers, including:
Lower Fees & Faster Transactions: Users benefit from lower transaction costs and reduced waiting times when moving assets across chains.Atomic Swaps: Cytonic enables atomic swaps between assets on different VMs without cross-chain vulnerabilities, enhancing security and efficiency.Unified Liquidity: Assets from different chains, like Ethereum (ERC20) and Solana (SPL) tokens, can coexist in the same liquidity pool on a single decentralized exchange (DEX), maximizing capital efficiency.No Rewriting Needed: Developers can deploy existing applications from EVM or SVM chains on Cytonic without any code changes, making it easy to expand into new networks.
These features create a much smoother experience for both developers and users, minimizing the usual headaches associated with blockchain interoperability.
Meet the Team Behind Cytonic 👥
Ivan Miskovic, Cytonic’s founder, has seen firsthand how compatibility issues limit blockchain’s potential. His background as an executive at Spin Labs gave him a front-row seat to the challenges in the crypto space, and he set out to create a solution with Cytonic. Ivan’s team includes:
Chelsea, former Partner at Foresight Ventures, bringing deep investment and scaling experience to Cytonic.Badconfig, a former Senior Engineer at Faraway, who has a strong background in engineering solutions for decentralized technologies.
Together, the Cytonic team draws on years of experience working with top projects across Bitcoin, Ethereum, Solana, and Near.
Why Cytonic’s Funding Round Matters 💰
The $8.3 million in seed funding is a significant endorsement of Cytonic’s vision. Investors see Cytonic as a solution to one of blockchain’s most pressing issues: compatibility and liquidity fragmentation. According to Regan Bozman, General Partner at Lattice, “Cytonic is tackling these compatibility issues head-on, breaking down the silos between blockchains while promoting greater collaboration, innovation, and adoption across the Web3 space.”
This funding will enable Cytonic to accelerate development, launch additional tools, and scale its technology to integrate with even more virtual machines and blockchain networks.
Final Thoughts 🧩
Cytonic is poised to redefine blockchain interoperability with its multi-virtual-machine architecture. By creating a system where applications, assets, and users from different blockchain ecosystems can seamlessly interact, Cytonic is addressing one of the biggest bottlenecks in the crypto space today.
This seed round is just the beginning for Cytonic. With a skilled team, support from major investors, and a technology that could reshape blockchain as we know it, Cytonic is definitely a project to watch as it works toward a more unified and compatible blockchain future. 🌐
That's it for today folks,
Thanks for reading! For more insightful crypto content,
Follow Me @Crypto PM
Stay updated with the latest trends and analyses in the crypto world!
NOTE: This article is not a paid or sponsored post. It is intended solely for educational purposes. As always, please conduct thorough research (DYOR) before making any investment decisions in the cryptocurrency market.
#Cytonic #Funding
Built by MultiVM Labs, Cytonic’s platform is designed to bridge the gaps between blockchains, enabling seamless interactions across different networks.
Here’s a breakdown of what Cytonic does, who’s behind it, and how it could reshape the crypto landscape. 🚀
Cytonic: A New Era of Blockchain Compatibility 🌉
Cytonic was created to address the fragmentation that is increasingly hindering blockchain’s growth potential. Currently, developers and users face barriers when navigating between different blockchains, each with its own set of protocols, virtual machines, and storage systems. Cytonic’s solution? The world’s first Layer 1 blockchain that can run multiple virtual machines—such as Ethereum’s EVM and Solana’s SVM—on a single decentralized execution layer.
This innovation makes it possible for decentralized applications (dApps), wallets, and other blockchain tools from various ecosystems to operate on Cytonic without any code modifications. It’s a powerful approach that effectively breaks down the walls between different blockchains, making blockchain technology more accessible and user-friendly.
The Benefits of Cytonic’s Multi-VM Architecture 💡
Cytonic’s multi-VM structure provides major benefits for both users and developers, including:
Lower Fees & Faster Transactions: Users benefit from lower transaction costs and reduced waiting times when moving assets across chains.Atomic Swaps: Cytonic enables atomic swaps between assets on different VMs without cross-chain vulnerabilities, enhancing security and efficiency.Unified Liquidity: Assets from different chains, like Ethereum (ERC20) and Solana (SPL) tokens, can coexist in the same liquidity pool on a single decentralized exchange (DEX), maximizing capital efficiency.No Rewriting Needed: Developers can deploy existing applications from EVM or SVM chains on Cytonic without any code changes, making it easy to expand into new networks.
These features create a much smoother experience for both developers and users, minimizing the usual headaches associated with blockchain interoperability.
Meet the Team Behind Cytonic 👥
Ivan Miskovic, Cytonic’s founder, has seen firsthand how compatibility issues limit blockchain’s potential. His background as an executive at Spin Labs gave him a front-row seat to the challenges in the crypto space, and he set out to create a solution with Cytonic. Ivan’s team includes:
Chelsea, former Partner at Foresight Ventures, bringing deep investment and scaling experience to Cytonic.Badconfig, a former Senior Engineer at Faraway, who has a strong background in engineering solutions for decentralized technologies.
Together, the Cytonic team draws on years of experience working with top projects across Bitcoin, Ethereum, Solana, and Near.
Why Cytonic’s Funding Round Matters 💰
The $8.3 million in seed funding is a significant endorsement of Cytonic’s vision. Investors see Cytonic as a solution to one of blockchain’s most pressing issues: compatibility and liquidity fragmentation. According to Regan Bozman, General Partner at Lattice, “Cytonic is tackling these compatibility issues head-on, breaking down the silos between blockchains while promoting greater collaboration, innovation, and adoption across the Web3 space.”
This funding will enable Cytonic to accelerate development, launch additional tools, and scale its technology to integrate with even more virtual machines and blockchain networks.
Final Thoughts 🧩
Cytonic is poised to redefine blockchain interoperability with its multi-virtual-machine architecture. By creating a system where applications, assets, and users from different blockchain ecosystems can seamlessly interact, Cytonic is addressing one of the biggest bottlenecks in the crypto space today.
This seed round is just the beginning for Cytonic. With a skilled team, support from major investors, and a technology that could reshape blockchain as we know it, Cytonic is definitely a project to watch as it works toward a more unified and compatible blockchain future. 🌐
That's it for today folks,
Thanks for reading! For more insightful crypto content,
Follow Me @Crypto PM
Stay updated with the latest trends and analyses in the crypto world!
NOTE: This article is not a paid or sponsored post. It is intended solely for educational purposes. As always, please conduct thorough research (DYOR) before making any investment decisions in the cryptocurrency market.
#Cytonic #Funding
Insider Secures $500M Series E to Revolutionize AI-Driven Customer Engagement and Expand Global Foot
Insider, a leading provider of AI-native omnichannel experiences and customer engagement solutions, has announced the closing of a $500 million Series E funding round. The round was led by global growth investor General Atlantic, solidifying Insider's position as a trailblazer in the marketing technology (MarTech) industry.
Insider's impressive client roster, which includes renowned brands like Nike, Samsung, L'Oreal, and Toyota, has positioned the company as a trusted partner in delivering personalized customer journeys across multiple channels. With this latest investment, Insider plans to accelerate its AI innovation, strengthen its presence in the United States, and support its global expansion across 28 regions.
Driving Innovation in Marketing Technology
The $500 million funding will fuel Insider's ambitious plans to advance its marketing software, with a particular focus on AI-powered tools. These tools empower marketers to deliver highly personalized customer experiences at scale. Insider's platform stands out for its cutting-edge Customer Data Platform (CDP), which unifies data from various sources, including SMS, WhatsApp, email, and web. Through real-time data analysis, brands can gain actionable insights to enhance marketing automation and personalize customer engagement at every touchpoint.
Hande Cilingir, Insider's Co-Founder and CEO, emphasized the company's mission to provide an all-in-one solution for marketing and customer experience (CX) teams. "Our approach has always been to build multiple best-in-breed products that work seamlessly together," said Cilingir. "This funding positions us to continue disrupting the MarTech industry and solidifying our platform as the preferred choice for customer experience teams globally."
Expanding U.S. Operations and Exploring M&A
Despite already having a strong presence in North America, EMEA, APAC, and Latin America, Insider is determined to further strengthen its foothold in the U.S. market, driven by increased demand. As part of this growth strategy, the company is exploring strategic mergers and acquisitions that will complement its AI and CX offerings.
Scaling AI Solutions with Sirius AI™
Insider has launched Sirius AI™, an advanced AI suite that combines generative, conversational, and predictive AI capabilities to transform omnichannel engagement. A key focus area is enhancing Insider's Sirius AI Co-Pilot, which assists marketing and CX teams in crafting seamless, data-driven customer journeys. With an expanded engineering team, Insider plans to continue evolving Sirius AI™ to deliver even more sophisticated predictive and conversational capabilities.
Partnering with General Atlantic for the Next Phase
As part of the Series E transaction, General Atlantic's senior executives, including Managing Director Sascha Guenther, will join Insider's board, providing valuable expertise in scaling growth-focused tech companies. Guenther expressed his confidence in Insider's position as a top contender in the MarTech industry, emphasizing the rising importance of first-party data and personalized engagement. "Insider has positioned itself as an innovative force in B2B SaaS, delivering strong ROI to its clients. With the tailwinds of digital transformation, we believe Insider is poised for tremendous growth," Guenther said.
This landmark funding round represents Insider's unwavering commitment to reimagining the future of marketing through technology and data-driven insights. By bridging AI and customer experience, Insider is setting new standards for what omnichannel engagement can achieve, positioning itself as a leading force in the rapidly evolving MarTech landscape.
#Insider #GeneralAtlantic #Funding #fundraising #Turkey
Insider's impressive client roster, which includes renowned brands like Nike, Samsung, L'Oreal, and Toyota, has positioned the company as a trusted partner in delivering personalized customer journeys across multiple channels. With this latest investment, Insider plans to accelerate its AI innovation, strengthen its presence in the United States, and support its global expansion across 28 regions.
Driving Innovation in Marketing Technology
The $500 million funding will fuel Insider's ambitious plans to advance its marketing software, with a particular focus on AI-powered tools. These tools empower marketers to deliver highly personalized customer experiences at scale. Insider's platform stands out for its cutting-edge Customer Data Platform (CDP), which unifies data from various sources, including SMS, WhatsApp, email, and web. Through real-time data analysis, brands can gain actionable insights to enhance marketing automation and personalize customer engagement at every touchpoint.
Hande Cilingir, Insider's Co-Founder and CEO, emphasized the company's mission to provide an all-in-one solution for marketing and customer experience (CX) teams. "Our approach has always been to build multiple best-in-breed products that work seamlessly together," said Cilingir. "This funding positions us to continue disrupting the MarTech industry and solidifying our platform as the preferred choice for customer experience teams globally."
Expanding U.S. Operations and Exploring M&A
Despite already having a strong presence in North America, EMEA, APAC, and Latin America, Insider is determined to further strengthen its foothold in the U.S. market, driven by increased demand. As part of this growth strategy, the company is exploring strategic mergers and acquisitions that will complement its AI and CX offerings.
Scaling AI Solutions with Sirius AI™
Insider has launched Sirius AI™, an advanced AI suite that combines generative, conversational, and predictive AI capabilities to transform omnichannel engagement. A key focus area is enhancing Insider's Sirius AI Co-Pilot, which assists marketing and CX teams in crafting seamless, data-driven customer journeys. With an expanded engineering team, Insider plans to continue evolving Sirius AI™ to deliver even more sophisticated predictive and conversational capabilities.
Partnering with General Atlantic for the Next Phase
As part of the Series E transaction, General Atlantic's senior executives, including Managing Director Sascha Guenther, will join Insider's board, providing valuable expertise in scaling growth-focused tech companies. Guenther expressed his confidence in Insider's position as a top contender in the MarTech industry, emphasizing the rising importance of first-party data and personalized engagement. "Insider has positioned itself as an innovative force in B2B SaaS, delivering strong ROI to its clients. With the tailwinds of digital transformation, we believe Insider is poised for tremendous growth," Guenther said.
This landmark funding round represents Insider's unwavering commitment to reimagining the future of marketing through technology and data-driven insights. By bridging AI and customer experience, Insider is setting new standards for what omnichannel engagement can achieve, positioning itself as a leading force in the rapidly evolving MarTech landscape.
#Insider #GeneralAtlantic #Funding #fundraising #Turkey
vlayer Secures $10M to Build “Solidity 2.0” and Transform Ethereum’s Capabilities
The potential of blockchain has always been vast, but the infrastructure hasn’t always kept up with what developers need to create truly groundbreaking applications. That’s why the latest news from vlayer, a crypto startup creating what’s being dubbed “Solidity 2.0,” is so significant.
vlayer has successfully raised $10 million in pre-seed funding from high-profile investors, including a16z CSX, Credo Ventures, and BlockTower Capital, as well as angel investors like Remco Bloemen from World (formerly Worldcoin), Jakub Florkiewicz from Tools For Humanity, and others from Aztec. This substantial investment validates vlayer’s ambitious goal: empowering smart contracts to handle real-world, verifiable data, unlocking new use cases for blockchain applications everywhere.
Why “Solidity 2.0” Matters
For the past few years, the Ethereum blockchain has been the go-to platform for decentralized applications (dApps). However, there have always been limitations, especially when it comes to integrating real-world data seamlessly. vlayer’s innovation is a suite of new Solidity functions that make it easier for developers to build applications that are not only decentralized but also practical for real-world use.
The platform’s four key features include:
Time Travel: Allows contracts to access historical on-chain data (reading historical balances is possible).Teleport: Enables cross-chain functionality, so contracts can interact across multiple EVM-compatible networks (useful for gathering token balances from multiple networks).Web Proofs (zkTLS): Verifies and integrates web-based data sources, including private APIs.Email Proofs (zkEmail): Allows to use email content on-chain, adding another layer of real-world functionality (like abstraction account wallet recovery) .
Hubert Rachwalski von Rejchwald, vlayer’s co-founder and CEO, shared that vlayer offers a holistic approach to verifiable data sources, covering areas like web, email, and storage proofs, where other projects typically specialize in only one. Rejchwald explained that these functions are designed to be as familiar as possible to Solidity developers, which means that ZK (zero-knowledge) proofs will be more accessible and usable than ever.
The Funding Journey: $10 Million Across Two Rounds
Securing $10 million in pre-seed funding is no small feat, and vlayer achieved it in two tranches. The first $3 million was raised in February in just a week, while the remaining $7 million came together in August within a month. This round was structured through a SAFE (simple agreement for future equity) and a SAFT (simple agreement for future tokens), allowing investors to benefit from both equity and token opportunities when vlayer’s network eventually goes live.
vlayer’s rapid progress attracted not only big-name venture funds but also strategic angel investors with deep blockchain experience, such as Remco Bloemen and Zac Williamson from Aztec. With this backing, vlayer is positioning itself as a pioneering force in making smart contracts and decentralized applications accessible and usable for a broader audience.
Entering Open Alpha and Building Momentum
Now in open alpha, vlayer is inviting developers to start building on its platform, with early adopters across DeFi, real-world assets (RWA), and gaming. This initial developer group highlights the potential impact of vlayer’s technology across various industries and demonstrates how its new Solidity functions can support complex, data-driven applications. Rejchwald has emphasized that vlayer’s platform aims to integrate with many sectors over time, making the dApp ecosystem stronger and more capable of real-world use.
Though the open alpha phase is underway, the roadmap for vlayer includes a testnet, mainnet, and token launch, anticipated no sooner than 2025. This careful planning reflects vlayer’s commitment to providing a stable, reliable platform for decentralized applications.
Why vlayer’s Vision is Essential for Blockchain’s Future
Ethereum and blockchain, in general, have achieved incredible success in the last decade, yet they still face limitations when it comes to handling verifiable, trustless data. vlayer’s approach—combining multi-party computations (MPC) with zero-knowledge proofs (ZKP)—is designed to close this gap. As AI and decentralized applications evolve, the need for secure, verified data will only grow. vlayer’s technology allows smart contracts to use off-chain data confidently, which is critical as applications in finance, identity verification, and beyond require stronger trust guarantees.
Building the Future, One Solidity Function at a Time
vlayer’s mission to make smart contracts “useful for billions” is an ambitious one, and with this latest funding round, it’s well on its way. By empowering developers with Solidity 2.0 and its verifiable data infrastructure, vlayer is laying the groundwork for applications that not only operate securely on-chain but also engage meaningfully with the real world. This could very well be the bridge that connects Web2 and Web3, making decentralized applications accessible and reliable for everyone.
That's it for today folks,
Thanks for reading! For more insightful crypto content,
Follow Me @Crypto PM
Stay updated with the latest trends and analyses in the crypto world!
#vLayer #Funding
vlayer has successfully raised $10 million in pre-seed funding from high-profile investors, including a16z CSX, Credo Ventures, and BlockTower Capital, as well as angel investors like Remco Bloemen from World (formerly Worldcoin), Jakub Florkiewicz from Tools For Humanity, and others from Aztec. This substantial investment validates vlayer’s ambitious goal: empowering smart contracts to handle real-world, verifiable data, unlocking new use cases for blockchain applications everywhere.
Why “Solidity 2.0” Matters
For the past few years, the Ethereum blockchain has been the go-to platform for decentralized applications (dApps). However, there have always been limitations, especially when it comes to integrating real-world data seamlessly. vlayer’s innovation is a suite of new Solidity functions that make it easier for developers to build applications that are not only decentralized but also practical for real-world use.
The platform’s four key features include:
Time Travel: Allows contracts to access historical on-chain data (reading historical balances is possible).Teleport: Enables cross-chain functionality, so contracts can interact across multiple EVM-compatible networks (useful for gathering token balances from multiple networks).Web Proofs (zkTLS): Verifies and integrates web-based data sources, including private APIs.Email Proofs (zkEmail): Allows to use email content on-chain, adding another layer of real-world functionality (like abstraction account wallet recovery) .
Hubert Rachwalski von Rejchwald, vlayer’s co-founder and CEO, shared that vlayer offers a holistic approach to verifiable data sources, covering areas like web, email, and storage proofs, where other projects typically specialize in only one. Rejchwald explained that these functions are designed to be as familiar as possible to Solidity developers, which means that ZK (zero-knowledge) proofs will be more accessible and usable than ever.
The Funding Journey: $10 Million Across Two Rounds
Securing $10 million in pre-seed funding is no small feat, and vlayer achieved it in two tranches. The first $3 million was raised in February in just a week, while the remaining $7 million came together in August within a month. This round was structured through a SAFE (simple agreement for future equity) and a SAFT (simple agreement for future tokens), allowing investors to benefit from both equity and token opportunities when vlayer’s network eventually goes live.
vlayer’s rapid progress attracted not only big-name venture funds but also strategic angel investors with deep blockchain experience, such as Remco Bloemen and Zac Williamson from Aztec. With this backing, vlayer is positioning itself as a pioneering force in making smart contracts and decentralized applications accessible and usable for a broader audience.
Entering Open Alpha and Building Momentum
Now in open alpha, vlayer is inviting developers to start building on its platform, with early adopters across DeFi, real-world assets (RWA), and gaming. This initial developer group highlights the potential impact of vlayer’s technology across various industries and demonstrates how its new Solidity functions can support complex, data-driven applications. Rejchwald has emphasized that vlayer’s platform aims to integrate with many sectors over time, making the dApp ecosystem stronger and more capable of real-world use.
Though the open alpha phase is underway, the roadmap for vlayer includes a testnet, mainnet, and token launch, anticipated no sooner than 2025. This careful planning reflects vlayer’s commitment to providing a stable, reliable platform for decentralized applications.
Why vlayer’s Vision is Essential for Blockchain’s Future
Ethereum and blockchain, in general, have achieved incredible success in the last decade, yet they still face limitations when it comes to handling verifiable, trustless data. vlayer’s approach—combining multi-party computations (MPC) with zero-knowledge proofs (ZKP)—is designed to close this gap. As AI and decentralized applications evolve, the need for secure, verified data will only grow. vlayer’s technology allows smart contracts to use off-chain data confidently, which is critical as applications in finance, identity verification, and beyond require stronger trust guarantees.
Building the Future, One Solidity Function at a Time
vlayer’s mission to make smart contracts “useful for billions” is an ambitious one, and with this latest funding round, it’s well on its way. By empowering developers with Solidity 2.0 and its verifiable data infrastructure, vlayer is laying the groundwork for applications that not only operate securely on-chain but also engage meaningfully with the real world. This could very well be the bridge that connects Web2 and Web3, making decentralized applications accessible and reliable for everyone.
That's it for today folks,
Thanks for reading! For more insightful crypto content,
Follow Me @Crypto PM
Stay updated with the latest trends and analyses in the crypto world!
#vLayer #Funding
Physical Intelligence Secures $400M Funding Led by Jeff Bezos
Artificial Intelligence Startup Poised for Growth
Artificial intelligence startup Physical Intelligence has secured a whopping $400 million in funding, led by Amazon founder Jeff Bezos. The investment round, announced on Monday, also saw participation from:
1. Thrive Capital
2. Lux Capital
3. OpenAI
4. Redpoint Ventures
5. Bond
Strategic Investment
This significant investment underscores the growing confidence in AI technologies and Physical Intelligence's potential. Bezos' involvement highlights the strategic importance of AI advancements in various sectors.
Growth Plans
Physical Intelligence aims to leverage this funding to:
1. Develop its AI capabilities
2. Expand market presence
3. Accelerate innovation efforts
Market Impact
This funding round positions Physical Intelligence as a key player in the AI landscape, poised to shape the future of AI applications. With rising demand for AI solutions, Physical Intelligence's financial backing could have a significant impact.
Key Takeaways
1. $400M funding round led by Jeff Bezos
2. Participation from prominent VC firms and OpenAI
3. Strategic investment in AI technologies
4. Physical Intelligence poised for growth and innovation
5. Potential impact on AI landscape and applications
Sources
1. Foresight News
2. Physical Intelligence
3. Thrive Capital
4. Lux Capital
5. OpenAI
Related News
1. AI Funding on the Rise: Trends and Insights
2. Jeff Bezos' Investment Portfolio: A Look at His AI Focus
3. The Future of AI: Expert Predictions and Analysis
Would you like me to provide more information or analysis on Physical Intelligence or AI funding trends?$SOL
#JeffBezos #Funding #USElections2024Countdown #NovemberMarketAnalysis #JeffBezos
Artificial intelligence startup Physical Intelligence has secured a whopping $400 million in funding, led by Amazon founder Jeff Bezos. The investment round, announced on Monday, also saw participation from:
1. Thrive Capital
2. Lux Capital
3. OpenAI
4. Redpoint Ventures
5. Bond
Strategic Investment
This significant investment underscores the growing confidence in AI technologies and Physical Intelligence's potential. Bezos' involvement highlights the strategic importance of AI advancements in various sectors.
Growth Plans
Physical Intelligence aims to leverage this funding to:
1. Develop its AI capabilities
2. Expand market presence
3. Accelerate innovation efforts
Market Impact
This funding round positions Physical Intelligence as a key player in the AI landscape, poised to shape the future of AI applications. With rising demand for AI solutions, Physical Intelligence's financial backing could have a significant impact.
Key Takeaways
1. $400M funding round led by Jeff Bezos
2. Participation from prominent VC firms and OpenAI
3. Strategic investment in AI technologies
4. Physical Intelligence poised for growth and innovation
5. Potential impact on AI landscape and applications
Sources
1. Foresight News
2. Physical Intelligence
3. Thrive Capital
4. Lux Capital
5. OpenAI
Related News
1. AI Funding on the Rise: Trends and Insights
2. Jeff Bezos' Investment Portfolio: A Look at His AI Focus
3. The Future of AI: Expert Predictions and Analysis
Would you like me to provide more information or analysis on Physical Intelligence or AI funding trends?$SOL
#JeffBezos #Funding #USElections2024Countdown #NovemberMarketAnalysis #JeffBezos
Citrea Secures $14M in Series A to Turn Bitcoin into a Smart, Programmable Asset
Hey CryptoPM fam! 🎉 I’m thrilled to bring you some groundbreaking news about a project that’s taking Bitcoin to the next level
In an exciting leap for Bitcoin’s evolution, Citrea has just raised $14 million in a Series A funding round, led by Peter Thiel’s Founders Fund and joined by other influential investors, including Maven11, Mirana, dao5, Erik Voorhees, Balaji Srinivasan, Nikil Viswanathan, Mert Mumtaz, and Jameson Lopp. This funding—bringing Citrea’s total to $16.7 million—fuels our drive to empower Bitcoin beyond its established role as "digital gold" and transform it into a fully programmable financial asset with real-world DeFi applications.
Elevating Bitcoin Beyond Digital Gold
Bitcoin has long been celebrated as a "digital gold," a decentralized store of value that ensures security and trust. Yet, its true potential has remained somewhat locked up due to limited scalability and programmability. Traditionally, expanding Bitcoin’s use cases often meant using intermediaries, which came with increased risks. Citrea changes this by introducing a zero-knowledge rollup that expands Bitcoin’s core capabilities—now, Bitcoin can support trust-minimized smart contracts without compromising security or decentralization, giving users a flexible, more robust alternative to centralized finance.
“Citrea represents a pivotal step for Bitcoin’s next phase,” said Joey Krug, Partner at Founders Fund. “With its trust-minimized architecture, Citrea’s zero-knowledge rollup is a breakthrough in Bitcoin Layer 2 design, unlocking smart contract functionality many have eagerly awaited.”
Citrea’s Unique Zero-Knowledge Rollup: Secure, Scalable, and Trust-Minimized
Citrea’s zero-knowledge rollup is a unique, sophisticated tool that allows Bitcoin to maintain its foundational security while opening up opportunities for programmable applications that support decentralized finance. By leveraging zero-knowledge technology, Citrea introduces trust-minimized financial activities on Bitcoin—users can now buy, lend, borrow, and leverage Bitcoin with ease, minus the middlemen. The result? A pathway to a dynamic Bitcoin-driven financial ecosystem that empowers both individual and institutional users.
Launching Citrea Origins: A Developer Program for Bitcoin-Powered DeFi
To spearhead this mission, citrea is launching Citrea Origins, an exclusive developer program that brings together the best minds to shape the future of Bitcoin-backed decentralized applications. Developers from around the world will converge in Bangkok, Thailand, from November 3-10, for the inaugural cohort to work hands-on with our team, creating applications ranging from Bitcoin-backed stablecoins to decentralized lending platforms and more. Citrea Origins will be instrumental in realizing our vision of a Bitcoin-backed economy, allowing developers to innovate and unlock Bitcoin’s potential in DeFi.
"Citrea is paving the way for a Bitcoin-centered financial ecosystem,” said Orkun Kilic, co-founder and CEO of Chainway Labs. “By enabling Bitcoin to power decentralized finance, we’re building infrastructure for a new monetary standard that’s censorship-resistant, secure, and expansive.”
About Citrea
Citrea is pioneering a zero-knowledge rollup for Bitcoin, pushing the blockchain beyond a store of value to become an active, programmable platform for a decentralized financial ecosystem. With Citrea, Bitcoin gains the scalability needed to support diverse financial applications, becoming a key driver of decentralized finance.
About Chainway Labs
Chainway Labs, the team behind Citrea, was founded by experts in Bitcoin, Ethereum, and cryptography, including medal-winning Olympians in mathematics and computer science. Their mission? To shape the future of Bitcoin as a central player in global finance.
Citrea’s Series A funding and innovative technology signal a promising new era for Bitcoin, turning it from a static asset into a programmable powerhouse for decentralized finance. This is more than an upgrade; it’s a redefinition of Bitcoin’s place in a secure, Trust-Minimized, and globally accessible financial landscape.
That's it for today folks,
Thanks for reading! For more insightful crypto content,
Follow Me @Crypto PM
Stay updated with the latest trends and analyses in the crypto world!
#Citrea. #Bitcoin #Funding
In an exciting leap for Bitcoin’s evolution, Citrea has just raised $14 million in a Series A funding round, led by Peter Thiel’s Founders Fund and joined by other influential investors, including Maven11, Mirana, dao5, Erik Voorhees, Balaji Srinivasan, Nikil Viswanathan, Mert Mumtaz, and Jameson Lopp. This funding—bringing Citrea’s total to $16.7 million—fuels our drive to empower Bitcoin beyond its established role as "digital gold" and transform it into a fully programmable financial asset with real-world DeFi applications.
Elevating Bitcoin Beyond Digital Gold
Bitcoin has long been celebrated as a "digital gold," a decentralized store of value that ensures security and trust. Yet, its true potential has remained somewhat locked up due to limited scalability and programmability. Traditionally, expanding Bitcoin’s use cases often meant using intermediaries, which came with increased risks. Citrea changes this by introducing a zero-knowledge rollup that expands Bitcoin’s core capabilities—now, Bitcoin can support trust-minimized smart contracts without compromising security or decentralization, giving users a flexible, more robust alternative to centralized finance.
“Citrea represents a pivotal step for Bitcoin’s next phase,” said Joey Krug, Partner at Founders Fund. “With its trust-minimized architecture, Citrea’s zero-knowledge rollup is a breakthrough in Bitcoin Layer 2 design, unlocking smart contract functionality many have eagerly awaited.”
Citrea’s Unique Zero-Knowledge Rollup: Secure, Scalable, and Trust-Minimized
Citrea’s zero-knowledge rollup is a unique, sophisticated tool that allows Bitcoin to maintain its foundational security while opening up opportunities for programmable applications that support decentralized finance. By leveraging zero-knowledge technology, Citrea introduces trust-minimized financial activities on Bitcoin—users can now buy, lend, borrow, and leverage Bitcoin with ease, minus the middlemen. The result? A pathway to a dynamic Bitcoin-driven financial ecosystem that empowers both individual and institutional users.
Launching Citrea Origins: A Developer Program for Bitcoin-Powered DeFi
To spearhead this mission, citrea is launching Citrea Origins, an exclusive developer program that brings together the best minds to shape the future of Bitcoin-backed decentralized applications. Developers from around the world will converge in Bangkok, Thailand, from November 3-10, for the inaugural cohort to work hands-on with our team, creating applications ranging from Bitcoin-backed stablecoins to decentralized lending platforms and more. Citrea Origins will be instrumental in realizing our vision of a Bitcoin-backed economy, allowing developers to innovate and unlock Bitcoin’s potential in DeFi.
"Citrea is paving the way for a Bitcoin-centered financial ecosystem,” said Orkun Kilic, co-founder and CEO of Chainway Labs. “By enabling Bitcoin to power decentralized finance, we’re building infrastructure for a new monetary standard that’s censorship-resistant, secure, and expansive.”
About Citrea
Citrea is pioneering a zero-knowledge rollup for Bitcoin, pushing the blockchain beyond a store of value to become an active, programmable platform for a decentralized financial ecosystem. With Citrea, Bitcoin gains the scalability needed to support diverse financial applications, becoming a key driver of decentralized finance.
About Chainway Labs
Chainway Labs, the team behind Citrea, was founded by experts in Bitcoin, Ethereum, and cryptography, including medal-winning Olympians in mathematics and computer science. Their mission? To shape the future of Bitcoin as a central player in global finance.
Citrea’s Series A funding and innovative technology signal a promising new era for Bitcoin, turning it from a static asset into a programmable powerhouse for decentralized finance. This is more than an upgrade; it’s a redefinition of Bitcoin’s place in a secure, Trust-Minimized, and globally accessible financial landscape.
That's it for today folks,
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#Citrea. #Bitcoin #Funding
Earn More with Binance: The Ultimate Funding Fee Strategy + Binance Feed Special
In the dynamic world of cryptocurrency trading, understanding the intricacies of platforms like Binance can significantly impact your financial gains. One often overlooked avenue is the Binance Funding Fee, and here's a straightforward strategy to maximize your earnings through this feature. Steps to Unlock the Potential:1. Focus on Binance Futures Account & Funding Wallet: Direct your attention to the Binance Futures Account and Funding Wallet for effective utilization of the funding fee feature.2. Allocate Your Funds: Assume you have $1000 $USDC ; Split it into two equal parts of $500 each.3. Diversify Your Investments: Invest $500 in various coins like $SOL , SHIB, $MATIC , $LTC, $BNB, $BTC, $ETH, and others, allocating $100 to each.4. Transfer to Funding Wallet: Move the acquired coins to your Funding Wallet for seamless integration into the funding fee system.5. Trade on Futures Wallet: Engage in trading the same coins on the Futures Wallet with an equivalent amount.6. Watch Your Wallet Grow: Observe the increase in funding fees collected in your wallet, unlocking the potential for higher earnings.Unique Aspects of Binance Feed Creators:Discover the distinctive advantages of being a Binance Feed Creator:- Higher Trading Fee Percentage: Binance Feed Creators enjoy a remarkable 40% trading fee, surpassing what a regular affiliate typically receives.- Exciting Rewards: Apart from the increased trading fee, Binance offers enticing rewards such as NFTs, USDT, BNB, and more.This strategy not only unlocks the potential of Binance's funding fee but also positions you to explore additional benefits as a Binance Feed Creator. Embrace the opportunities within the crypto landscape and watch your investments flourish.#Funding #BTC #DeFiChallenge #BinanceSquare #trading
Squads Labs Secures $10 Million in Series A Funding to Revolutionize Onchain Asset Management
San Francisco-based Squads Labs has announced a successful $10 million Series A funding round, spearheaded by Electric Capital and joined by notable investors such as RockawayX, Coinbase Ventures, L1 Digital, Placeholder, and Mert Mumtaz. The startup plans to utilize this investment to further its mission of simplifying and securing onchain transactions and asset management through its innovative smart account technology.
Since its inception in 2021, Squads Labs has evolved from serving decentralized organizations to providing solutions for traditional enterprises as well, recognizing the growing importance of onchain operations across various sectors.
A Suite of Cutting-Edge Solutions
The company has developed a suite of products designed to streamline and secure onchain processes:
Squads Protocol: A robust smart account standard for Solana and SVM, currently safeguarding over $10 billion in assets.Squads App: A trusted platform used by over 250 teams to manage a wide range of onchain assets, including treasuries, program upgrade authorities, and tokens.Fuse: A user-friendly smart wallet for individuals, focusing on eliminating seed phrases and enhancing security through wallet recovery and two-factor authentication. Fuse is currently in public beta testing for iOS.
Looking Ahead
With the new funding, Squads Labs aims to:
Fortify the security and functionality of the Squads Protocol.Enhance the Squads App for a seamless user experience.Prepare for the full launch of Fuse to empower individuals to manage their digital wealth securely.Develop a comprehensive developer toolkit for SVM smart accounts.
Join the Movement
Squads Labs welcomes individuals and teams to be part of their journey:
Individuals: Download Fuse and join the Telegram group for updates.Teams on Solana: Create an account on the Squads App.Talent: If you're passionate about onchain innovation, reach out to the team.
Stay connected with Squads Labs as they continue to pioneer advancements in the onchain landscape.
#SquadsLabs #ElectricCapital #SquadsProtocol #Funding #SVM
Since its inception in 2021, Squads Labs has evolved from serving decentralized organizations to providing solutions for traditional enterprises as well, recognizing the growing importance of onchain operations across various sectors.
A Suite of Cutting-Edge Solutions
The company has developed a suite of products designed to streamline and secure onchain processes:
Squads Protocol: A robust smart account standard for Solana and SVM, currently safeguarding over $10 billion in assets.Squads App: A trusted platform used by over 250 teams to manage a wide range of onchain assets, including treasuries, program upgrade authorities, and tokens.Fuse: A user-friendly smart wallet for individuals, focusing on eliminating seed phrases and enhancing security through wallet recovery and two-factor authentication. Fuse is currently in public beta testing for iOS.
Looking Ahead
With the new funding, Squads Labs aims to:
Fortify the security and functionality of the Squads Protocol.Enhance the Squads App for a seamless user experience.Prepare for the full launch of Fuse to empower individuals to manage their digital wealth securely.Develop a comprehensive developer toolkit for SVM smart accounts.
Join the Movement
Squads Labs welcomes individuals and teams to be part of their journey:
Individuals: Download Fuse and join the Telegram group for updates.Teams on Solana: Create an account on the Squads App.Talent: If you're passionate about onchain innovation, reach out to the team.
Stay connected with Squads Labs as they continue to pioneer advancements in the onchain landscape.
#SquadsLabs #ElectricCapital #SquadsProtocol #Funding #SVM
Zeus Network has raised $8 million in a funding round led by Mechanism Capital.
Other investors in the round included OKX Ventures, Animoca Ventures, Big Brain Holdings, Lemniscap and The Spartan Group. Angel investors, including Solana co-founder Anatoly Yakovenko, Stacks co-creator Muneeb Ali and Mechanism Capital founder Andrew Kang, also joined the round.
The round brought Zeus’s latest valuation to $100 million.
Zeus Network is a Solana interoperability layer built on the Solana Virtual Machine.
#Solana #ZeusNetwork #Funding
Other investors in the round included OKX Ventures, Animoca Ventures, Big Brain Holdings, Lemniscap and The Spartan Group. Angel investors, including Solana co-founder Anatoly Yakovenko, Stacks co-creator Muneeb Ali and Mechanism Capital founder Andrew Kang, also joined the round.
The round brought Zeus’s latest valuation to $100 million.
Zeus Network is a Solana interoperability layer built on the Solana Virtual Machine.
#Solana #ZeusNetwork #Funding
⚡️ Privy raises $18M in the Series A funding round led by Paradigm
Privy, a developer tools platform aimed at securely collecting data, has closed its $18M Series A funding round that was led by Paradigm. Additional round participants included Sequoia Capital, Archetype Ventures, and BlueYard Capital. The project will use the fresh funding to grow its team and continue to build out its library so developers can craft engaging on-chain apps, accessible to anyone. Privy offers application programming interfaces (APIs) that developers can use to manage and integrate user data.
#fundraising #Funding #Privy #Paradigm #Sequoia
Privy, a developer tools platform aimed at securely collecting data, has closed its $18M Series A funding round that was led by Paradigm. Additional round participants included Sequoia Capital, Archetype Ventures, and BlueYard Capital. The project will use the fresh funding to grow its team and continue to build out its library so developers can craft engaging on-chain apps, accessible to anyone. Privy offers application programming interfaces (APIs) that developers can use to manage and integrate user data.
#fundraising #Funding #Privy #Paradigm #Sequoia
- Blueprint Finance, an on-chain credit protocol, has successfully concluded a $7.5 million financing round.
- The funding was led by Hashed and Tribe Capital, with participation from SALT, Kyber, Hypersphere, Lightshift, Awesome People Ventures, Veris Ventures, Kronos Research, WWVentures, Avalanche Foundation, Terra Nova, and Hyperithm.
- The company's main product is the Concrete Protocol, a specialized application chain for on-chain debt and credit solutions.
#Funding #blueprint #fundrasing
- The funding was led by Hashed and Tribe Capital, with participation from SALT, Kyber, Hypersphere, Lightshift, Awesome People Ventures, Veris Ventures, Kronos Research, WWVentures, Avalanche Foundation, Terra Nova, and Hyperithm.
- The company's main product is the Concrete Protocol, a specialized application chain for on-chain debt and credit solutions.
#Funding #blueprint #fundrasing
⚡️ Biggest Crypto Fundraising Events in November 2023
Wormhole - $225M
Blockchain.com - $110M
Fnality - $95M
Ritual - $25M
Blast - $20M
Klever - $20M
Ingonyama - $20M
Privy - $18M
Superstate - $14M
Matr1x - $10M
Investors: Paradigm, Sequoia Capital, Goldman Sachs, CoinFund, Multicoin Capital, Coinbase Ventures, Robot Ventures, Standard Crypto, Archetype, Arrington Capital, Lightspeed, Galaxy Digital, Folius Ventures, Samsung Next, Borderless Capital, ABCDE, StarkWare, and others.
#fundraising #Funding #Paradigm #Sequoia #CryptoFundraising $KLV
Wormhole - $225M
Blockchain.com - $110M
Fnality - $95M
Ritual - $25M
Blast - $20M
Klever - $20M
Ingonyama - $20M
Privy - $18M
Superstate - $14M
Matr1x - $10M
Investors: Paradigm, Sequoia Capital, Goldman Sachs, CoinFund, Multicoin Capital, Coinbase Ventures, Robot Ventures, Standard Crypto, Archetype, Arrington Capital, Lightspeed, Galaxy Digital, Folius Ventures, Samsung Next, Borderless Capital, ABCDE, StarkWare, and others.
#fundraising #Funding #Paradigm #Sequoia #CryptoFundraising $KLV
Lumian Secures $3.2 Million Investment for AI-Powered SaaS Venture. 🧠💰
Lumian, a Turkish AI-based SaaS startup, has successfully raised a pre-seed investment of $3.2 million with a valuation of the same amount.
Founded in April 2023 by Batu Balkır and Emre Birol, Lumian quickly relocated its headquarters to the United States. The company specializes in enhancing companies' energy efficiency and reducing costs through AI analyses.
Lumian's offerings include an IoT-based SaaS platform and custom AI technology, providing in-depth insights into energy supply, invoice analysis, and energy efficiency for businesses.
Serving companies like Pakmaya, Tebplast-Rosti, Polmar, Balorman, Gençler Kablo, Başoğlu Kablo, Lumian claims to deliver over fourfold returns on investment to its users in a short span.
The startup analyzes companies' energy consumption patterns, offering the most suitable tariff options and integrating with industrial devices and Automatic Meter Reading Systems (OSOS).
Lumian's software, requiring no hardware investment costs, can be deployed in less than 5 minutes. It offers end-to-end energy management services, including real-time monitoring, invoice analysis, tariff recommendations, incentive/regulation notifications, and reporting.
The software, equipped with IoT capabilities, allows device-specific tracking on a job order basis in case of hardware investments.
Lumian, currently providing services in Turkey and Germany, aims to expand its sales volume in both the Turkish and global markets with the newly secured investment.
The company's software caters to businesses seeking a comprehensive and efficient energy management solution without the need for substantial hardware investments.
This investment positions Lumian to further innovate and expand its footprint in the rapidly evolving landscape of AI-driven energy management solutions.
#SaaS #Lumian #investing #Funding #OSOS
Lumian, a Turkish AI-based SaaS startup, has successfully raised a pre-seed investment of $3.2 million with a valuation of the same amount.
Founded in April 2023 by Batu Balkır and Emre Birol, Lumian quickly relocated its headquarters to the United States. The company specializes in enhancing companies' energy efficiency and reducing costs through AI analyses.
Lumian's offerings include an IoT-based SaaS platform and custom AI technology, providing in-depth insights into energy supply, invoice analysis, and energy efficiency for businesses.
Serving companies like Pakmaya, Tebplast-Rosti, Polmar, Balorman, Gençler Kablo, Başoğlu Kablo, Lumian claims to deliver over fourfold returns on investment to its users in a short span.
The startup analyzes companies' energy consumption patterns, offering the most suitable tariff options and integrating with industrial devices and Automatic Meter Reading Systems (OSOS).
Lumian's software, requiring no hardware investment costs, can be deployed in less than 5 minutes. It offers end-to-end energy management services, including real-time monitoring, invoice analysis, tariff recommendations, incentive/regulation notifications, and reporting.
The software, equipped with IoT capabilities, allows device-specific tracking on a job order basis in case of hardware investments.
Lumian, currently providing services in Turkey and Germany, aims to expand its sales volume in both the Turkish and global markets with the newly secured investment.
The company's software caters to businesses seeking a comprehensive and efficient energy management solution without the need for substantial hardware investments.
This investment positions Lumian to further innovate and expand its footprint in the rapidly evolving landscape of AI-driven energy management solutions.
#SaaS #Lumian #investing #Funding #OSOS
Myth AI Secures $1.3 Million in Seed Funding for AI-Powered Design Tool. 💰
Myth AI, a groundbreaking AI design tool, recently secured $1.3 million in seed funding from angel investors Birkan Kül, Emre Kozlu, and Faik Ulutas. Founded in November 2020 with Tübitak 1512 support by Özgecan Üstgül, Myth AI had previously received a $2.5 million valuation from Keiretsu Forum Turkey angel investors in December 2022. This funding marks a significant milestone for the company's growth.
Myth AI's Cutting-Edge Offerings
At the core of Myth AI's success lies its AI-powered design tool, revolutionizing pattern creation through visual or written commands. The tool not only sparks creativity but also digitizes the production process, leading to substantial reductions in water, time, energy, raw material, and chemical usage for companies embracing this innovative technology.
Impressive Clientele and Market Expansion
Myth AI has been making waves, serving a distinguished clientele in Turkey and Europe, including renowned brands like Ratti, Telater, Sun Textile, and more. The company's strategic move into the UK market in early 2023 was fueled by a vision for global expansion.
The recent $1.3 million funding injection is earmarked for solidifying operations in the UK, exploring new markets, and setting the stage for Myth AI's entry into Asia and the US in 2024.
Sustainability at the Core
Myth AI, with its advanced technology, minimizes resource consumption, transforming design processes and promoting eco-friendly practices for a greener future. With successful seed funding, the company aims for significant growth, targeting Asian and American markets in the coming year.
#MythAI #Funding #investing #Tübitak #ITU
Myth AI, a groundbreaking AI design tool, recently secured $1.3 million in seed funding from angel investors Birkan Kül, Emre Kozlu, and Faik Ulutas. Founded in November 2020 with Tübitak 1512 support by Özgecan Üstgül, Myth AI had previously received a $2.5 million valuation from Keiretsu Forum Turkey angel investors in December 2022. This funding marks a significant milestone for the company's growth.
Myth AI's Cutting-Edge Offerings
At the core of Myth AI's success lies its AI-powered design tool, revolutionizing pattern creation through visual or written commands. The tool not only sparks creativity but also digitizes the production process, leading to substantial reductions in water, time, energy, raw material, and chemical usage for companies embracing this innovative technology.
Impressive Clientele and Market Expansion
Myth AI has been making waves, serving a distinguished clientele in Turkey and Europe, including renowned brands like Ratti, Telater, Sun Textile, and more. The company's strategic move into the UK market in early 2023 was fueled by a vision for global expansion.
The recent $1.3 million funding injection is earmarked for solidifying operations in the UK, exploring new markets, and setting the stage for Myth AI's entry into Asia and the US in 2024.
Sustainability at the Core
Myth AI, with its advanced technology, minimizes resource consumption, transforming design processes and promoting eco-friendly practices for a greener future. With successful seed funding, the company aims for significant growth, targeting Asian and American markets in the coming year.
#MythAI #Funding #investing #Tübitak #ITU
After yesterday's market crash the annualized funding rates for all major coins have turned negative across all exchanges.
#Funding #FundingRates #fundingrate
#Funding #FundingRates #fundingrate
Following the $BTC run to 60k the annualized funding rates are negative to highly negative for most major coins across all exchanges, which means that you're most probably being paid if you're long right now.
➡️ https://www.tradingdigits.io/fundingRates
#fundingheatmap #fundingrate #FundingRates #Funding #CryptoFunding
➡️ https://www.tradingdigits.io/fundingRates
#fundingheatmap #fundingrate #FundingRates #Funding #CryptoFunding
⚡ Top Recent Crypto Fundraising Events
Presenting a list of some recent crypto fundraising events, backed by well-known investors such as Polychain Capital, Multicoin Capital, Coinbase Ventures, Arrington Capital, Hashkey, Borderless, Mornigstar Ventures, Polygon Venturs, Near Foundation, Maven Capital, Beam, and others. Let's take a look!
#fundraising #Funding #Funds #Polychain #Polygon
Presenting a list of some recent crypto fundraising events, backed by well-known investors such as Polychain Capital, Multicoin Capital, Coinbase Ventures, Arrington Capital, Hashkey, Borderless, Mornigstar Ventures, Polygon Venturs, Near Foundation, Maven Capital, Beam, and others. Let's take a look!
#fundraising #Funding #Funds #Polychain #Polygon
The annualized funding rates are negative for most major coins across all exchanges so you're most probably being paid if you're long right now.
➡️ https://www.tradingdigits.io/fundingRates
#fundingheatmap #FundingRates #Funding #fundingrate #CryptoFunding
➡️ https://www.tradingdigits.io/fundingRates
#fundingheatmap #FundingRates #Funding #fundingrate #CryptoFunding
Will Positive Funding Rates Push Bitcoin into a Deeper Dip? ⤵️
Bitcoin, priced at around $34,000, experienced a 15% daily #gain after Wall Street opened on October 24.
This surge was partly driven by excitement over a potential approval of a Bitcoin spot price exchange-traded fund (#ETF ) in the United States.
The market broke through resistance at $30,600 with surprising speed, setting the stage for a potential retracement. #Funding rates were in positive territory, indicating an overwhelming number of traders taking long positions, which can lead to market corrections.
The U.S. dollar index (DXY) rebounded, but Bitcoin's relationship with the DXY has become less predictable. The direction of the U.S. dollar is expected to be influenced by the October 26 Personal Consumption Expenditures (PCE) data release, which is crucial in the lead-up to the November 1 meeting of the Federal Open Market Committee (FOMC) where interest rate policy will be decided. Traders will be closely monitoring these factors.
#Binance
#crypto2023
Bitcoin, priced at around $34,000, experienced a 15% daily #gain after Wall Street opened on October 24.
This surge was partly driven by excitement over a potential approval of a Bitcoin spot price exchange-traded fund (#ETF ) in the United States.
The market broke through resistance at $30,600 with surprising speed, setting the stage for a potential retracement. #Funding rates were in positive territory, indicating an overwhelming number of traders taking long positions, which can lead to market corrections.
The U.S. dollar index (DXY) rebounded, but Bitcoin's relationship with the DXY has become less predictable. The direction of the U.S. dollar is expected to be influenced by the October 26 Personal Consumption Expenditures (PCE) data release, which is crucial in the lead-up to the November 1 meeting of the Federal Open Market Committee (FOMC) where interest rate policy will be decided. Traders will be closely monitoring these factors.
#Binance
#crypto2023
Funding rates have stayed neutral to negative for over 3 months in a row ⏳
➡️ https://www.tradingdigits.io/funding-rate-heatmap
#fundingheatmap #fundingrate #FundingRates #Funding #CryptoFunding
➡️ https://www.tradingdigits.io/funding-rate-heatmap
#fundingheatmap #fundingrate #FundingRates #Funding #CryptoFunding
