âĄïžCrypto News Digest: Key Updates You Need to Know
The current report features updates of IoTeX, WalletConnect, TON Foundation, World Liberty Financial, dYdX, Outlanders, Sui, Stacks, Lens Protocol, EigenLayer, RISC Zero, and UXLINK.
âĄïž @Dragonfly_xyz is seeking to raise $500M for its fourth fund
Dragonfly Capital, a crypto venture capital, plans to raise another $500M to invest in early-stage startups. The firm has garnered $250M so far and aims to close the fundraising by Q1 2025. Dragonfly has invested in more than 100 digital-asset companies and projects including @Ethena_labs, @Cosmos and @Monad_xyz.
The company's previous $650M fund was launched in April 2022. Dragonfly Capital is a crypto venture capital based in San Francisco.
âĄïž @Worldlibertyfi, promoted by Trump family, teases its $WLFI token
World Liberty Financial, a crypto project, promoted by @realDonaldTrump family, to launch a governance token #WLFI. Some 63% of the token will be sold to the public, with 17% reserved for user rewards and 20% going to the team. The token will be sold only to accredited investors under what is known as a Regulation D exemption from the SEC.
âĄïž @IoTeX_io teams up with @0xPolygon for the AggLayer integration
IoTeX and Polygon Labs partner to bring AggLayer to the IoTex 2.0 blockchain. Through this innovation, #DePIN developers will be able to connect with the AggLayer and allow users to interact with DePIN applications across multiple blockchains. Introduced back in July, IoTex 2.0 will tap into AggLayerâs cross-chain communication and liquidity sharing.
IoTeX is DePIN infrastructure platform, backed by @Snzholding, @ForesightVen, @Borderless_Cap, @Ambergroup_io, and others in a $50M funding.
âĄïž @Fermah_xyz has raised $5.2M in funding led by @a16zcrypto CSX fund and @Lemniscap
Fermah, the universal proof generation layer developer, closes its $5.2M investment round led by the a16z Crypto Startup Accelerator (CSX) fund and Lemniscap. The funding was also joined by @BanklessVC, @LongHashVC, @POpsTeam1, @Publicworksfm, ZK Validator, @Class_lambda, @Daedalus_angels, @Zero__dao, @Velocitycap_, Daemon Ventures and several angels. Fermah wil act as a marketplace for ZK proof generation, creating proofs for ZK rollups, ZK bridges and other use cases.
âĄïž @dYdX $DYDX has disclosed its plans to list perpetual futures on prediction markets
Perpetuals-focused decentralized #cryptocurrency exchange dYdX announces an upcoming launch of Perpetual Futures on Prediction Markets. The innovation aims to allow users to place leveraged bets on the outcome of binary events. Users will need to deposit a governance-determined amount of $USDC into the MegaVault, which will source liquidity from users, who will get a share of the vault's profits plus a share of the protocol's revenue determined by governance.
âĄïž @WalletConnect unveils an airdrop of 185M $WCT with native token launch
WalletConnect, a #web3 communications protocol, has introduced the WalletConnect Foundation, the Connect Token #WCT, and the decentralization of the WalletConnect Network. The project will distribute 18.5% of the $WCT total supply via airdrop season 1 on October 11th. Among eligible users are #Ethereum address owners, users who have actively engaged with WalletConnect or contributed to open-source projects.
With the launch of the WCT token, the WalletConnect Network will begin transitioning to a permissionless structure governed by the community. Backed by @Cbventures, @ConsenSys, @1kxnetwork, and others, WalletConnect connects crypto wallets to decentralized applications.
âĄïž @Binance has introduced #Moonbix, its Telegram mini app for exchangeâs users
Binance announces the launch of Moonbix, its official @Telegram mini app. Only users from qualified regions who bound their Binance account and complete KYC will be eligible for any rewards. Moreover, users who passed the KYC verification and meet the requirements, will be eligible for the welcome reward. Through this move, Binance joins the Telegram mini app rush that draws hundred of millions of monthly active users.
âĄïž @MicroStrategy proposes to sell $700M of Convertible Senior Notes and buy $BTC
MicroStrategy unveils its plans to sell $700M in senior convertible notes to fund additional #bitcoin purchases and buyback debt. The private offering will be subject to market conditions and come due in 2028. The announcement follows MicroStrategy previous plans to sell $500M worth of convertible senior notes, earlier in June.
MicroStrategy is an independent publicly traded analytics and business intelligence company The firm has acquired a total of $9.5B worth of bitcoin #BTC since beginning purchases in 2020, paying an average of $38,585 per coin.
âĄïž Top Blockchains by Total Generated Fees (30d)
Let's take a look at the ranking of top blockchain networks by total fees paid by users in the past 30 days, according to the data from @Tokenterminal.
âĄïž Top 10 Telegram Mini Apps by Monthly Active Users
As blockchain-integrated Telegram Mini Apps continues to draw hundreds of millions of users, we offer you to examine top 10 players by Monthly Active Users.
#HamsterKombat - 84.6 M #Blum - 42.8 M #Major - 28.0 M #Tomarket - 23.0 M #MemeFi - 20.0 M #Catizen - 15.0 M #RockyRabbit - 14.9 M #CEXIO - 14.4 M #LostDogs - 13.2 M #TapSwap - 13.0 M
âĄïž @LogX_trade has announced the closure of its $4M strategic investment round
LogX brings its total financing to $10M by closing its $4M strategic VC round. The round was backed by @HashedEM, @CumberlandSays, @SaisonCapital, @Gate_io, @DWFVentures, @CoinSwitch, and @Wagmi_vc. LogX is a decentralized trading platform and on-chain consumer Super App.
âĄïžCrypto News Digest: Key Updates You Need to Know
The current report features updates of Neiro, Turbo, Baby Doge Coin, deBridge, Soneium, Delta Prime, Bybit, Lumia, CARV, Ape Terminal, Nillion, and MultiversX.
âĄïž @PipeNetwork has raised $10M in funding led by @MulticoinCap
The startup building Pipe Network, Permissionless Labs, announces the closure of its $10M investment led by Multicoin Capital. Among other project's backers are @RobotVentures, @SolanaVentures, @Fuse_vc, as well as, notable angels, including @Aeyakovenko, @MoShaikhs, @AveryChing. Pipe Network powers a permissionless, secure infrastructure that delivers ultra-low latency content, supports scalable growth, and ensures seamless operations, all strengthened by @Solana and securing Sybil resistance.
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