📉 Crypto News:

- The Open Network (TON) raised $30 million, aiming to develop projects based on Telegram.

- Drift Protocol, a Solana-based DEX, closed a $25 million round.

- Helius raised $21.75 million to accelerate the development of Solana applications.

- Hemi Labs raised $15 million to improve the security and interoperability of BTC and ETH.

- Pipe Network and Yellow Network each raised $10 million.

🚀 But should we celebrate?