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” Aptos Labs raises $150M, more than doubling valuation “ Layer-1 blockchain developer Aptos Labs has closed a $150 million funding round to further its ambitions in the Web3 space, further highlighting venture capital’s appetite for budding crypto-focused startups. The funding round was co-led by venture studios FTX Ventures and Jump Crypto, with additional participation…
” NFT sales will fund the restoration of physical monuments in Ukraine “ The Ukrainian government will be using the proceeds of sales from an online nonfungible token, or NFT, museum to restore artwork in the real world. According to a Friday announcement and information shared with Cointelegraph, Ukraine’s Ministry of Culture and Information Policy…
” Christie’s launches venture fund aimed at Web3 and blockchain investments “ Christie’s, the auction house known for its sales of art and luxury items, has launched an investment fund to support emerging companies with technology enabling “seamless consumption of art.” In a Monday announcement, the auction company said the fund, Christie’s Ventures, will financially…
” Crypto Biz: 3AC’s founders are nowhere to be found “ In the world of crypto, there’s no such thing as “too big to fail.” Three Arrows Capital, once the most recognizable hedge fund in the industry, has essentially gone belly-up after its founders believed their own hype and decided to go full-degen mode during…
” CoinFLEX to begin arbitration for $84 million recovery and open limited withdrawals “ Crypto investment platform CoinFLEX is moving forward with its plan to reclaim $84 million in funds by starting arbitration procedures in Hong Kong against an individual account holder. Co-Founders Sudhu Arumugam and Mark Lamb acknowledged in their July 9 announcement that…
” VC Roundup: ‘Web5,’ Metaverse sports and Bitcoin monetization startups generate buzz “ A lot has happened in the Bitcoin (BTC) and cryptocurrency markets since our last edition of VC Roundup. The monumental collapse of the Terra ecosystem spilled over into other segments of the digital asset market, exposing over-leveraged traders, lending platforms and venture…
” Italian government will provide $46 million in subsidies for blockchain projects “ The Ministry of Economic Development of Italy has announced that certain blockchain projects will qualify to apply for up to $46 million in government subsidies starting from September. In a Tuesday announcement, the Ministry said companies and public or private research firms…
” Unizen ‘CeDeFi’ smart exchange secures $200M investment from GEM “ Cryptocurrency exchange Unizen has scored a $200 million investment from private equity group Global Emerging Markets (GEM) which it will use to expand its business and its ecosystem. Rather than receiving the $200 million in funding all at once, Unizen noted on June 27…
” Crypto exchange BlockFi secures $250M credit from FTX amid bear market “ BlockFi, a cryptocurrency exchange and digital wallet service provider, has secured a $250 million credit from leading crypto platform FTX. Today @BlockFi signed a term sheet with @FTX_Official to secure a $250M revolving credit facility providing us with access to capital that…
” XRP price technical breakdown boosts chances of a 40% drop by July “ Ripple (XRP) price stares at potential losses in the coming weeks as it breaks out of a “descending triangle” pattern, with its bias skewed toward the downside. Major XRP breakdown underway To recap, XRP started forming the technical structure after reaching $1.98…