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.
August 17, 2022, 6:26 PM
Shutterstock
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.
August 1, 2022, 6:28 PM
Shutterstock
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.
July 4, 2022, 3:46 PM
Shutterstock
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.
June 28, 2022, 9:27 AM
Shutterstock
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.
Jun 1, 2022
Binance’s VC Arm Raises $500M to Fund Web3 and Crypto Adoption
- The fund is the first in Binance Labs’ history to be created with outside capital, namely from DST Global Partners, Breyer Capital, unnamed private equity funds, and others.
- The new $500 million fund will invest in cryptocurrency companies in three stages of development, from incubation, to early-stage venture, and finally late-stage growth.
May 12, 2022
Chainalysis Valued at $8.6B Following $170M Round
- The Series F round has more than doubled Chainalysis’ valuation since last year, which is not surprising considering it has increased its customer base by 75%.
- The company has claimed that its various tools are now responsible for monitoring around $1 trillion worth of transactions each month.
May 10, 2022
KuCoin Raises $150M, Announces Web3 Expansion
- KuCoin’s $150 million pre-Series B funding round was led by Jump Crypto, and increased the valuation of the company to $10 billion.
- KuCoin will use the funds to expand its product offerings, as well as build and invest into DeFi, GameFi, NFT, and crypto wallet platforms.
Apr 26, 2022
Fidelity to Offer BTC Exposure to 401(k) Savings Accounts
- Once the change has been implemented, more than 23,000 U.S.-based companies could allow their employees to invest in BTC through their 401(k) retirement savings accounts.
- Fidelity plans to release the new option later this year, allowing 401(k) account holders to invest up to 20% of their portfolio in BTC.
Apr 12, 2022
Circle Partners With BlackRock, Reveals $400M Funding Round
- BlackRock, the main asset manager for the USDC cash reserves, will now explore the capital market applications for the USDC stablecoin.
- The $400 million funding round, which is expected to complete in the second quarter, will see participation from Fidelity, Marshall Wace, Fin Capital, and BlackRock.