Injective Introduces $150M Fund to Boost Interoperability and DeFi
- The newly launched ecosystem fund is backed by Pantera Capital, Kraken Ventures, Jump Crypto, Kucoin Ventures, Delphi Labs, Flow Traders, Gate Labs and IDG Capital.
- Highest priority will be given to interoperability and DeFi projects, but the fund will also support developers that are building trading platforms, scalability solutions, and PoS infrastructure.
January 25, 2023, 5:36 PM
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Genesis Reportedly Owes Over $3B to Creditors
- People familiar with the matter have said that Genesis had hired investment bank Moelis to explore its options to cover the shortfall, but there was little capital infusion interest.
- The sources further said that Genesis’ parent company, Digital Currency Group, was now looking to sell a portion of its venture capital portfolio to fill in the shortfall.
January 12, 2023, 6:28 PM
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Binance Launches $1B Industry Recovery Initiative With 7 Contributors
- Binance has officially launched its $1 billion industry recovery fund, and said it is ready to set aside another $1 billion in the near future “if the need arises”.
- Jump Crypto, Polygon Ventures, Aptos Labs, Animoca Brands, GSR, Kronos, and Brooker Group have all joined the fund with a combined contribution of $50 million.
November 25, 2022, 8:16 AM
Binance CEO Changpeng Zhao. CoinDesk
Genesis Could File for Bankruptcy Without Funding
- Bloomberg sources have said that Genesis warned investors it could possibly file for bankruptcy if it fails to cover a $1 billion shortfall caused by the collapse of FTX.
- Crypto exchange Gemini, whose Earn program was affected by Genesis’ withdrawal suspension, noted it continues to work with the company to fulfil its obligation to Earn users.
November 22, 2022, 10:29 AM
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Oct 12, 2022
Crypto.com to Invest $145M in France
- Part of the investment will support the establishment of a new Crypto.com European headquarters in the capital city of Paris.
- Funds will also be alocated to hire new talent in the region, and advance the exchange’s brand presence in Europe through customer engagement and education.
Aug 17, 2022
CoinFund Reveales $300M Web3 Venture Fund
- “Venture I” will support early-stage web3 project, with a focus on layer 1 blockchains, NFT, gaming, asset management, and web3 infrastructure.
- CoinFund will mainly invest in projects it has not backed before, with investments ranging from $6 million to $10 million per project.
Aug 1, 2022
Ledger Reportedly in Talks For $100M Funding Round
- Unnamed sources have said that the company is currently in talks with interested parties to raise at least $100 million in a new funding round.
- The same people noted that Ledger had experienced growth in its business over the past months, as investors turn to cold storage.
Jul 4, 2022
CoinShares Acquires AIFM-Regulated Napoleon
- Napoleon Asset Management was amongst the first to be licensed under AIMF, giving it passporting permission to market products and services across the EU.
- The acquisition will also expand CoinShares’ products with algorithmic trading and artificial intelligence tools developed by Napoleon.
Jun 28, 2022
CoinFLEX to Resume Withdrawals After $47M Token Offering
- CoinFLEX paused all withdrawals on the platform on 24 June due to extreme market conditions, and an account going into negative equity without being liquidated.
- Called Recovery Value USD (rvUSD), the new token will be worth $1 each, and will come with a 20% APR paid daily in rvUSD.
Jun 6, 2022
CAKE Jumps in Price Following Binance Labs’ Investment
- While far from its all-time high of $43.96, the price of CAKE did jump by 7% following Binance Labs’ investment, and is now traded for around $4.7.
- As the largest dapp on BNB Chain, PancakeSwap has been leading the development and adoption of the blockchain, which is one of the reasons behind the investment.