YeagerAI has announced the successful completion of a $7.5 million seed round for its GenLayer, an AI-powered Intelligent Blockchain, which was headed by North Island Ventures. World-class web3 venture capital firms, such as Arrington Capital, Node Capital, Samara AG, DCF Capital, WAGMI Ventures, Magnus Capital, MH Ventures, BlockBuilders, TykheBlock, ZK Ventures,
August 21, 2024 3 mins read
As part of its most recent Bitcoin investment strategy, the publicly traded Japanese company Metaplanet has acquired bitcoins valued at 500 million Japanese yen. In the wake of chief executive officer Simon Gerovich’s announcement of Metaplanet’s second Bitcoin acquisition, the stock price surged more than 13% and finished Tuesday at
August 20, 2024 1 min read
Layer 3 Orbs has announced that its dLIMIT and DCA protocols have been integrated into the market-leading multi-chain DEX Sushi. With the advent of these twin technologies, Sushi users will have access to robust tools that improve their trading encounter. Users may now access sophisticated order types, such as the option to
August 20, 2024 2 mins read
A small but steady $30 million poured into digital asset investment products during the last week. This small number, however, masks a large variation between assets and geographies. Looking at the flows by geography reveals a lot of variation; the United States, Canada, and Brazil all had inflows of $62
August 19, 2024 2 mins read
Prominent Bitcoin miner in North America, Hut 8 Corp. (HUT), released its Q2 financial results for the period ending June 30, 2024. A net loss of $71.9 million was recorded by the corporation, even though revenue increased by 72% year-over-year to $35.2 million. Revenue during the quarter ending June 30,
August 19, 2024 1 min read
The decision by the Dubai Court of First Instance to acknowledge crypto wage payments as legitimate under employment contracts is a major development in the UAE judiciary’s views on crypto. According to Irina Heaver, a partner at the UAE legal company NeosLegal, the decision in case number 1739 of 2024
August 16, 2024 1 min read
Orderly Network, a web3 liquidity provider, has secured $5 million in strategic funding. A release was shared with The Block, which states that the new funding was engaged in by OKX Ventures, Manifold Trading, Presto Labs, LTP, Nomad Capital, and Origin Protocol. In an effort to address the liquidity issues
August 16, 2024 1 min read
Marathon Digital, a Bitcoin miner, has announced that it has spent $249 million in cash to acquire 4,144 Bitcoins. Within two days of the convertible notes being oversubscribed earlier this week, Bitcoin was purchased. The original purchasers had the opportunity to acquire an extra $50 million worth of notes within
August 15, 2024 1 min read
Goldman Sachs, a massive financial institution, disclosed its holdings in the second quarter in a Form 13F filing. According to the SEC filing, the massive financial institution holds holdings in seven separate US Bitcoin exchange-traded funds. The filing reveals that Goldman Sachs has an incredible 7 million shares, or $238
August 14, 2024 2 mins read
The world’s biggest cryptocurrency exchange by trading volume, Binance, a global blockchain firm, has announced the debut of Binance Super Earn, a fresh initiative that allows users to earn a Special Annual Percentage Rate (APR) on certain newly listed tokens. Super Earn is intended to encourage the expansion and exposure
August 14, 2024 2 mins read