Decentralized clearing network Yellow Network completes $10 million seed round of financing, led by Ripple co-founder Chris Larsen
According to TechFlow, on September 17, Cointelegraph reported that the decentralized clearing network Yellow Network completed a $10 million seed round of financing, led by Ripple co-founder Chris Larsen, with participation from Consensys, GSR, NxGen, MV Global, Gate Labs, ZBS Capital, Moonrock Capital, Math, Cobo, NOIA Capital and LD Capital. Yellow Network is built on state channel technology and provides cross-chain solutions for the digital asset market, aiming to solve the problems of decentralized liquidity, scalability and capital efficiency in the cryptocurrency market. Larsen said the protocol is critical for new entrants, and its fast transaction execution and capital efficiency are "game changers."
According to TechFlow, on September 17, according to HTX market data, Bitcoin briefly broke through $61,000 and is currently quoted at $60,903.11, a 24-hour increase of 5.23%.
The father of Gemini's founder donated $4 million in Bitcoin to his alma mater to support research on economic theories that influenced Satoshi Nakamoto
TechFlow reported on September 17 that Howard Winklevoss, the father of the Winklevoss twins, the founder of the cryptocurrency trading platform Gemini, donated $4 million worth of Bitcoin to his alma mater, Grove City College. This is the first time the college has accepted a Bitcoin donation, and the funds will be used to open new business courses. Howard was exposed to the Austrian School of Economics while studying at the school in the 1960s, and this theory also profoundly influenced Satoshi Nakamoto, the founder of Bitcoin.
Howard said he first invested in Bitcoin in 2013, calling it "a non-government-issued, fixed-supply digital currency that is sound money that works like email." He studied at Grove City College with free-market economist Hans Sennholz, a former student of Ludwig von Mises. "It was a lightbulb moment for me to connect the ideas of that school of economics with what Satoshi Nakamoto had created," Howard said.
Dragonfly is seeking to raise $500 million for its new fund: People familiar with the matter
According to TechFlow, on September 17, Bloomberg reported, citing people familiar with the matter, that crypto venture capital firm Dragonfly Capital is raising $500 million for its fourth fund, which will focus on investing in early-stage projects. So far, Dragonfly Capital has raised $250 million and plans to complete fundraising by the first quarter of 2025.
According to TechFlow, on September 17, The Block reported that Circle announced that its USDC, a stablecoin pegged to the US dollar, has officially entered the Brazilian and Mexican markets. Users can now directly exchange Brazilian reals and Mexican pesos for USDC without first converting to US dollars. Circle already supports local bank transfers through the Brazilian PIX and Mexican SPEI real-time payment systems, reducing the time to obtain USDC from days to minutes. Enterprises can obtain USDC from local financial institutions for their own use or provide it to retail customers.
0xAstra, an innovative gamified full-chain liquidity aggregation protocol, completes $3 million seed round of financing, with participation from Animoca Brands and others
According to TechFlow, on September 17, 0xAstra, an innovative protocol for the aggregation of gamified full-chain liquidity, announced the successful completion of a $3 million seed round of financing. This round of financing brought together many well-known investment institutions and leading projects including Ace Redpoint, Animoca Brands, Folius Ventures, Skyland Ventures, Orbiter and Ultiverse.
0xAstra uses a unique gamification strategy to energize full-chain liquidity and stimulate on-chain interaction. With deep cooperation with leading blockchain ecosystems, 0xAstra provides a richer and smoother cross-chain trading experience, pushing the potential of liquidity aggregation and re-staking to a new level. Since its launch, 0xAstra has connected to dozens of mainstream L1 and L2 networks. In just over two months, the platform's cumulative transaction volume has exceeded US$90 million, showing an amazing growth momentum.
According to TechFlow, on September 17, according to HTX market data, Bitcoin rebounded above $60,000 and is currently priced at $60,130.22, up 3.89% in 24 hours.
He Yixinwen: If we disagree, then maybe you are right
Recently, after Binance launched multiple meme coins, a chat screenshot of a KOL accurately predicting all specific coins before listing was reported, which once again aroused heated discussions in the community about "Binance insider trading". The US SEC also submitted a proposed revised complaint against Binance, focusing on Binance's token listing process and accusing Binance of acting as an unregistered securities provider.
In response to this, Binance co-founder He Yi wrote a post explaining his personal views and unique opinions on the two major themes of "not so easy to make money" and "compliance" in the crypto field during this cycle, as well as the specific process of Binance listing coins. The following is the original text:
Grayscale transferred about 6,080 ETH to Coinbase Prime address, equivalent to about 14.08 million US dollars
According to TechFlow, on September 17, according to Arkham monitoring, Grayscale transferred about 6,080 ETH, equivalent to about 14.08 million US dollars, to the Coinbase Prime address 10 minutes ago.
Prediction market Limitless Network completes $3 million Pre-Seed round of financing, led by 1confirmation
According to TechFlow, on September 17, Coindesk reported that the emerging prediction market platform Limitless Network announced the completion of a $3 million Pre-Seed round of financing, led by 1confirmation, with participation from Paper Ventures, Collider and Public Works.
CJ Hetherington, co-founder and CEO of Limitless Labs, said the platform is built on the Base network. Unlike industry leader Polymarket, Limitless Network does not focus on election predictions, but rather on fast-expiring prediction markets and user-created markets. The platform currently has a daily transaction volume of more than $200,000, and users spend an average of 4 hours on the platform per week, with a 7-day retention rate of 38%. Hetherington revealed that the company's 8-person team has been developing the platform for about 6 months and is about to start contacting external market makers.
Arthur Hayes' Maelstrom Announces First Grant to Bitcoin Core Developer Rkrux
According to TechFlow, on September 17, Arthur Hayes’ family office Maelstrom announced that it had awarded the first grant of its Bitcoin Developer Program to contributor Rkrux. The funds will support Rkrux’s full-time work on Bitcoin Core. The specific amount of funding has not yet been disclosed. Maelstrom recently launched a funding program to encourage more full-time developers to improve and promote Bitcoin’s core infrastructure.
Fermah, a developer of universal proof generation layer, completes $5.2 million seed round led by a16z CSX and Lemniscap
According to TechFlow, on September 17, The Block reported that Fermah, a developer of the universal proof generation layer, announced the completion of a $5.2 million seed round of financing, led by a16z CSX and Lemniscap, with participation from Bankless Ventures, Longhash Ventures, Public Works, and ZKValidator. Fermah aims to solve problems related to zero-knowledge proofs by serving as a market for zero-knowledge (ZK) proof generation. The new funds will be used to strengthen its teams in marketing, engineering, and other departments, and expand its product offerings.
Binance: The "rat trading" rumor is a false incident. Reporting violations can be rewarded up to $5 million after verification.
According to TechFlow, on September 17, Binance’s Chinese official posted on social media that a screenshot of a big V community circulating in the Chinese community recently triggered a discussion about Binance’s “insider trading”. The content of these screenshots was eventually confirmed by the official to be a misunderstanding. The information mentioned about several coin listings was based on guesswork of the “winning rate”. The information came from a secondary trader and was not insider information.
Binance takes this issue very seriously. Any leaks or corruption will be dealt with seriously once verified. Binance welcomes reports of any clues about listing or other forms of corruption. After verification, if Binance internal personnel are involved, the official will provide a reward of 10 to 5 million US dollars while protecting the whistleblower's personal information. Any former Binance employee who is found to have engaged in corruption will be permanently blacklisted from listing on Binance for any project or fund he joins in the future.
DYdX to launch perpetual futures on prediction markets
According to TechFlow, on September 17, CoinDesk reported that dYdX is about to enter the prediction market field, allowing users to make leveraged bets on the outcomes of binary events.
Charles d'Haussy, CEO of dYdX Foundation, said: "dYdX will launch perpetual futures on prediction markets. DeFi needs to provide some special features to differentiate itself from CEX. Prediction markets may provide a unique opportunity for DeFi to regain attention."
WalletConnect announced that it will launch the token WCT on the OP mainnet, and 18.5% will be allocated to the first quarter airdrop
According to TechFlow, on September 17, The Block reported that the Web3 communication protocol WalletConnect announced that it would issue its native token Connect Token (WCT) on the Optimism mainnet. The initial supply of WCT tokens is capped at 1 billion, of which 18.5% will be used for airdrops in the first quarter. Airdrop registration will open on September 24 and end on October 11. Eligible users need to connect their wallet, link their GitHub account, and provide an email address. WCT tokens will initially be non-transferable, and full functionality is expected to be activated through community governance by 2025. At the same time, WalletConnect Inc. was renamed Reown, and the WalletConnect Foundation was established, with founder Pedro Gomes serving as a director of the foundation.
DeFi Technologies has submitted a 40-F registration form to the US SEC and plans to list on the Nasdaq
According to TechFlow, on September 17, Decrypt reported that Canadian cryptocurrency company DeFi Technologies announced that it had submitted a Form 40-F registration statement to the U.S. Securities and Exchange Commission (SEC) to apply for listing on Nasdaq. The company is currently trading on the Cboe Canada exchange with the DEFI code and on the over-the-counter market with the DEFTF code.
DeFi Technologies' stock price has risen 275% this year, and as of July, it has realized a profit of $105 million, while its market value was only $429 million at the time. The company's profits mainly come from its European crypto investment product subsidiary Valour and low-risk arbitrage trading department DeFi Alpha. In June this year, the company announced that it would include Bitcoin in its balance sheet, and in July it doubled its Bitcoin holdings while increasing its holdings of SOL and CORE.
Binance denies acquisition of WazirX, claims it is not responsible for the attack
According to TechFlow, on September 17, Binance issued an official statement on the dispute with Zanmai, the parent company of Indian cryptocurrency exchange WazirX, according to its official blog. Previously, the WazirX platform suffered a serious cyber attack on July 18, resulting in a loss of approximately $235 million in user funds. Binance emphasized in the statement that although the two parties had signed an acquisition agreement, the proposed transaction was never completed because Zettai (the owner of WazirX) failed to fulfill its contractual obligations. Therefore, Binance did not own, control or operate the WazirX platform at any time, including before, during or after the hacker attack.
Mocaverse and Magic Eden team up to launch NFT launch platform MagicMoca
According to TechFlow, on September 17, Mocaverse announced a strategic partnership with Magic Eden to jointly launch an NFT Launchpad called MagicMoca. The platform will serve the Mocaverse community exclusively, aiming to promote the issuance of selected games and IP NFT projects, and is expected to be launched at the end of the third quarter of 2024.
MagicMoca will adopt MOCA Coin as the main sales activity currency, and Magic Eden will also accept MOCA Coin as one of the preferred currencies for its market. The new platform will leverage the scale of the Moca Network to introduce upcoming NFT projects from Animoca Brands and its portfolio of more than 540 Web3 projects. Magic Eden will provide diamond incentives to users who purchase or list MagicMoca NFTs through its native rewards program.
XT launched ALEO (BETA) for the first time on the entire network, with an increase of more than 8 times
According to TechFlow, XT launched ALEO (BETA) on September 17 at 11:00 Singapore time, with an increase of 830% and a current price of 6.5024 USDT. To thank new and old users for their support, XT will hold a one-week ALEO (BETA) top-up trading challenge with a prize pool of up to 30,000 USDT.
Walrus will transform into an independent DPOS network and release its native token WAL
According to TechFlow, on September 17, at the BuilderHouse conference in Singapore, Walrus announced that it would officially become an independent Delegated Proof of Stake (DPOS) network and release the native token WAL for network management and incentives. Walrus also released a white paper detailing its coding scheme, read/write operations, token economics, long-term blob availability guarantees, and future design possibilities. The white paper focuses on the application of WAL tokens in staking, payment, and governance, and how Walrus achieves security and efficient expansion through innovative technologies.