This move was conducted on the Avalanche blockchain in partnership with Securitize. It will permit a broader range of investors to participate in ParaFi’s venture strategy. Real-World Asset Tokenization Surges as Demand for US Treasuries Grows The firm sees tokenization as enhancing efficiency by reducing legal and administrative costs. Moreover, …
fundraising
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The fundraising round consisted of $10 million equity investment and $28 million of investments in real-world assets on Huma’s platform. Investors included Distributed Global with significant participation from Hashkey Capital, Folius Ventures, Stellar Development Foundation, and TIBAS Ventures. Huma merged with cross-border payments firm Arf earlier this year and the …
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Stablecoins continue to expand in value, with a current market capitalization surpassing $170 billion. Tether’s USDT remains the dominant player in this sector. In a Thursday post, DWF Labs managing partner Andrei Grachev announced the finalization of the firm’s synthetic collateralized stablecoin design. Grachev highlighted its ability to generate significant …
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OpenAI Co-Founder Ilya Sutskever's Safe AI Startup Raises $1 Billion
by Jason Nelsonby Jason NelsonMonths after resigning from AI developer OpenAI, former chief scientist Ilya Sutskever’s new venture Safe Superintelligence (SSI) has raised $1 billion in funding, the company announced on Wednesday. According to SSI, the funding round included investments from NFDG, a16z, Sequoia, DST Global, and SV Angel. Reuters, citing sources “close to …
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Kamala Harris turns to Coinbase for crypto campaign donations, CFO reveals
by Gino Matosby Gino MatosCoinbase CFO Alesia Haas revealed that Vice President Kamala Harris‘s campaign is using Coinbase Commerce to accept crypto donations, Fortune reported Sept. 4. Haas made the revelation during a conversation with Citigroup‘s director of payments, Peter Christiansen, at the lender’s 2024 Global TMT Conference in New York. According to Haas: “[Kamala] …
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A whopping 70% of Trump-backed World Liberty Financial’s WLFI tokens will be reserved for the project’s insiders, according to a white paper draft obtained by CoinDesk. Of the remaining 30% of the tokens distributed via a public sale, the founding team will also receive a portion of the proceeds. When …
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The Daily: Matter Labs cuts staff as ZKsync demand falls, SEC charges Galois Capital and more
by James Huntby James Hunt–> Happy Tuesday! In today’s newsletter, Matter Labs cuts 16% of staff as ZKsync demand falls, the SEC charges Galois Capital over custody issues, the WazirX hacker moves $6.5 million in ether to Tornado Cash and more. Let’s get started. Matter Labs trims workforce by 16% as demand for ZKsync …
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Despite Harris’s silence on crypto and ongoing criticism of the SEC’s enforcement actions under the Biden administration, a group of crypto investors plans to raise at least $100,000 for the Democratic nominee at a September 13 Washington fundraiser, according to Reuters. Why Crypto Enthusiasts Want to Fundraise $100,000 For Harris …
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Bridge aims to build a global stablecoin payments network to “enable companies to use a stablecoin rail without thinking about it,” one of its founder said. Companies keen to incorporate stablecoin payments face challenges of accessing on-ramps and off-ramps and facilitating transfers across different tokens and blockchains. How Blackbird Brings …
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Solana Restaking Protocol Solayer Closes $12 Million Round Led by Polygon
by Will McCurdyby Will McCurdySolayer Labs, a startup behind the Solana-based restaking protocol Solayer, has raised $12 million in a funding round led by Polychain Capital and HackVC. The fundraising also involved participation from Binance Labs, Big Brain Holdings, Hack VC, Nomad Capital, Race Capital, ABCDE and Arthur Haye’s family office Maelstrom. Restaking is …