Startup Funding Triumph 15 Million Secured
@LegendWallet raised $15M in its first round with backing from @a16z and @CoinbaseVentures to enhance app development, team growth, and marketing. #Update #Crypto (+5) ↗ (Source: Hodl.Press)
Funding
Bitcoin Funding Rates Hit Negative Mark
Bitcoin’s ($BTC) funding rate briefly turned negative, marking a potential local bottom as it moved back above $94,000, highlighting the impact of derivatives on price volatility. #Update #Crypto $BTC (+3) →
Crypto Firms Funding Trump’s Inauguration Revealed
American crypto firms like @Ripple, @RobinhoodApp, and @Coinbase are donating millions to support Donald Trump’s inauguration, emphasizing the industry’s political influence. #Breaking #Crypto $XRP (+8) ↗
Funding Boost DePIN Startup Raises 2.5M
@StarpowerDePIN secured $2.5M in funding led by @FrameworkVC, with @SolanaVentures and Bitscale Capital participating, to enhance decentralized energy networks; now totaling $4.5M raised with 1.5M wallets and 16K devices activated • #Update • @StarpowerDePIN • (+3) • ↗
Bitcoin Dips Below $100K Funding Fear
Bitcoin dips below $100K as funding rates signal fear in the market, reflecting cautious sentiment among investors. • #Update • #Crypto • $BTC • (-3) • ↘
Funding: SoSoValue Secures $15M Boost
@SoSoValue completes $15M Series A, reaching a $200M valuation; announces token and spot crypto index protocol launch • #Update • @SoSoValue • (+6) • ↗
Blockchain Startup Avara Secures $31M Funding
@Avara’s Lens secures $31M for SocialFi-focused L2 blockchain, offering user data ownership and monetization when mainnet launches early 2024. #Update #Crypto @Avara ↗ (+4)
Crypto Startup Funding Hits $2.4 Billion in Q1
In the first quarter of 2024, crypto startup funding impressively reached $2.4 billion across 518 deals, marking a 40.3% growth from the previous quarter, driven by the launch of the first U.S. bitcoin spot ETFs.
62 Crypto Projects Raise $474M in 20 Days, Led by Sophon and Securitize
In the last 20 days of May, 62 blockchain or cryptocurrency projects raised a collective $474 million, with Sophon and Securitize leading by securing $60 million and $47 million, respectively, highlighting a significant growth period in the blockchain sector.
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