SatLayer raises $8M, led by @Hack_VC and @CastleIslandVC, to enhance Bitcoin’s ($BTC) security and scalability through Bitcoin Validated Services. Investments include OKX Ventures and Franklin Templeton. Initial $4M goal saw $16M interest.
Story Protocol secures $80M in Series B funding led by @a16z to revolutionize IP management with blockchain. The $140M-funded project to release a public testnet next week, featuring IP registration via NFTs, aims to protect works from unauthorized AI use.
Drift launches BET on the Solana blockchain, allowing users to stake over 30 cryptocurrencies like $USDC and $SOL while earning yield. BET features “structured bets” for hedging predictions and a rewards system called FUEL. #crypto #Solana
KIP Protocol raises $5M led by @animocabrands and Tribe Capital, totaling $10M in funding. Aims to decentralize AI in Web3, empowering developers with data ownership. Strategic partners include @googlecloud, Open Campus, and OKX Wallet. #AI #Blockchain #Web3
NEAR Protocol unveils Chain Signatures, enabling seamless cross-chain DeFi and Bitcoin interactions. Over 6M users benefit from bridgeless Omnichain DeFi, enhancing liquidity and simplifying transactions. #DeFi $NEAR
Ore Protocol V2 drives 14% of Solana transactions, improving efficiency and reducing failures to less than 5%. Over 30,000 ORE miners have paid 1,498 SOL ($230K) in fees since Aug. 6 launch. #Blockchain
.@BinanceLabs invests in aPriori to boost blockchain performance. The funding will help reduce gas fees, optimize network traffic, and enhance validator incentives. This marks a key step in advancing liquid staking and the overall crypto ecosystem. #Update
Binance Labs invests in aPriori, enhancing MEV-powered liquid staking on the Monad platform. Funds will optimize blockchain performance, reduce gas fees, and decentralize the network, underscoring Binance’s commitment to early-stage projects.
? On July 19, 2024, @RhoMarkets detected a $7.6M breach caused by unauthorized oracle access on the Scroll chain. Affected pools: $USDT, $USDC. Confirmed to be an MEV-bot misconfiguration, not a hack. Operations paused, funds to be returned. #CryptoSecurity
ELFi Protocol is launching in July 2024, revolutionizing derivatives trading with a decentralized platform. A Super NFT campaign will distribute 200 NFTs to testnet participants, offering exclusive benefits. Raised $5M led by @IDGCapital & @kucoincom. #Update #DeFi #CryptoNews
Symbiotic Protocol’s TVL has hit $1B within a month of launching its restaking program. Backed by $5.8M from investors like @Paradigm, it supports multiple ERC-20 tokens, boosting its scalability and customization. Holding 210,600 wstETH shows its rapid asset attraction. #Update
Lombard, a Bitcoin restaking protocol, has raised $16M in seed funding led by @PolychainCap. The funds will develop Lombard’s ecosystem and their new token, LBTC, enabling Bitcoin’s integration into Web3 and DeFi. Partnerships with @bitgetglobal, @Bybit_Official, @okx, and HTX will enhance liquidity. #Update
Infrared Protocol secures funding from @BinanceLabs to expand its team and conduct audits, preparing for the Berachain V2 testnet. With plans to hire three more, Infrared aims to launch its IRED token, enhancing flexibility and efficiency in #DeFi. #Update
Stani Kulechov, CEO of Avara, aims to raise $50M for Lens Protocol to hit a $500M valuation. This follows a $15M round in Jan 2023. The funds will enhance Web3 social networking with ZKsync tech. #Web3 #Update
