Category: News
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Phantom Raises $150 Million in Series C, Valued at $3 Billion
Digital asset wallet provider Phantom has raised $150 million in a Series C funding round led by Sequoia Capital and Paradigm. The funding round valued the company at $3 billion, marking a 150% increase from its $1.2 billion valuation in 2022. Other participants included Andreessen Horowitz and Variant, according to the company’s January 16 announcement.…
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SoonChain Launches Testnet for AI and Gaming Integration
SoonChain has officially launched its testnet, designed to integrate artificial intelligence (AI) and gaming within an OP Stack Layer 2 solution. This milestone represents a significant step toward SoonChain’s vision of expanding its ecosystem and contributing to the broader Superchain network. The platform aims to empower developers, gamers, and protocols by providing innovative tools and…
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Justin Sun Unveils USDD 2.0 With 20% APY: Too Good to Be True?
Justin Sun, the founder of Tron, has announced the launch of USDD 2.0, a revamped version of the failed stablecoin USDD. The new iteration promises an eye-catching 20% annual percentage yield (APY), fully subsidized by Tron’s reserves. However, the crypto community remains cautious, citing transparency concerns and the underwhelming track record of USDD 1.0. A…
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Iridia, ASI Alliance, and LifeShip To Launch Digital Assets To The Moon
Iridia partnered with Arweave, the ASI Alliance, and LifeShip to launch a molecular data archive and digital assets to the Moon. This initiative aims to preserve crucial information and assets for millennia. The payload includes the Arweave Genesis Block, ASI ($FET) tokens, and cryptocurrencies like Bitcoin, Solana, and Ethereum. Iridia encoded the data using synthetic…
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Brickken Raises $2.5M Seed Round to Drive RWA Tokenization Worldwide
Brickken, a leading innovator in the RWA Tokenization sector, has successfully raised $2.5 million in a seed funding round, securing a valuation of $20 million. This milestone marks a significant leap for the company as it aims to expand its global reach and solidify its position as a trailblazer in asset tokenization. Achievements in 2024…
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Bubblemaps Launches Native BMT Token
Blockchain analytics platform Bubblemaps has introduced its first native token, Bubblemaps Token (BMT), alongside its new investigative tool, The Intel Desk. The launch aims to enhance blockchain transparency by empowering community-driven investigations. Simplifying Blockchain Analysis with Bubblemaps Bubblemaps, launched in 2021, visualizes blockchain wallets as interconnected bubbles, enabling users to identify potential risks such as…
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MoonPay Acquires Helio to Enhance Crypto Payment Solutions
MoonPay, a leading cryptocurrency payment provider, has announced the acquisition of Helio, a Solana-based crypto payment processor, for $175 million. The move strengthens MoonPay’s capabilities in the decentralized finance (DeFi) and e-commerce sectors by incorporating Helio’s advanced infrastructure and ecosystem. Expanding Crypto Infrastructure Helio supports over 6,000 merchants and millions of users, enabling seamless crypto…
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US PPI Falls 0.2% Short of Expectations, Bullish For Crypto
The U.S. Producer Price Index ( US PPI ) for December has dropped 0.2% below expectations, signaling a potential easing in inflationary pressures. This surprising economic data has sent ripples across financial markets, particularly boosting the crypto sector. Inflationary Pressures Ease The PPI, a key metric measuring changes in prices received by domestic producers, was…
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Renta Announces Integration of Bridged USDC
Renta has officially integrated Bridged USDC into its mainnet, marking a significant step in enhancing the platform’s financial ecosystem. This move aims to streamline transactions and improve scalability, providing users with a more seamless and secure experience. Key Advantages of Bridged USDC Benefits for UsersThe addition of Bridged USDC offers a stable and reliable token…
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Tether Relocates HQ to Bitcoin-Friendly El Salvador
Tether Holdings Ltd., the issuer of USDT, announced plans to move its headquarters and subsidiaries to El Salvador. The relocation follows the company securing a license to operate as a digital asset service provider in the nation. This strategic move highlights El Salvador’s growing appeal as a hub for Bitcoin and cryptocurrency innovation. Tether’s CEO…