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More than 40 investment firms participated in the token sale.

The company is overhauling its blockchain to lower transaction fees whilst making it easier to run validators on the network.

Avalanche also launched a $40 million grant program for developers building on its network.

Avalanche has closed a $250 million token sale led by Galaxy Digital, Dragonfly and ParaFi Capital. The fundraising follows the layer-1 blockchain’s recent upgrade which saw it launch Avalanche9000 on tes

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Binance users will be able to deploy USDC for trading, savings and payments, the companies said in a statement.

As part of the partnership, Binance will adopt USDC as a dollar stablecoin for its corporate treasury.

Circle has also collaborated with traditional banks in Latin America and recently integrated with Stripe and Aptos.

Circle is tapping Binance to accelerate the global adoption of the USDC stablecoin. The Web3 company adds another milestone to its global expansion campa

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The fund is also looking at opportunities in virtual reality and augmented reality in gaming.

Beam Ventures also plans to launch an accelerator program as part of the fund but is not disclosing its limited partners yet.

Teams can choose to participate via a combination of in-person and remote options.

Beam Ventures, the venture arm of Beam Foundation and the community-driven chain focused on gaming, Beam has announced a $150 million fund targeting the intersection of gaming, AI a

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Exabits is building a decentralised computing network that enables direct access to GPU compute assets.

The company has created a liquid marketplace that generates revenue and rewards token holders.

Lee claims Exabits has been growing its revenue by approximately 300% every quarter over the past year, bringing its annual recurring total to $10 million.

Exabits, a decentralised computing services provider leveraging blockchain technology to offer open access to GPU compute assets

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The fundraising also attracted participation from Chapter One, Lightspeed Faction, IOSG, Vertex, GSR, Wintermute Ventures and Blockchain Builders Fund.

Hyperbolic said the fundraising brings the total raised to $20 million.

The company offers Web3 AI infrastructure and services powered by a decentralised network of GPU power.

Web3 AI platform Hyperbolic has announced a $12 million funding round led by Variant and Polychain Capital. The Fundraising also attracted participation fro

Satoshi Protocol, a decentralized collateral debt position (CDP) project, saw its total value locked (TVL) soar by over 1,000% in the past month to break above $20 million, according to data from DefiLlama.

On Monday, December 9, the protocol’s TVL reached a record $22.3 million, which represents a tenfold increase from about $2 million at the beginning of the month.

Satoshi Protocol is a CDP project issuing a Bitcoin-backed stablecoin called satUSD. It uses a MakerDAO-like model to unlock Bit

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Quai Network offers a scalable, programmable proof-of-work layer-1 blockchain with a decentralised energy dollar. 

Penomo offers a platform that allows developers to tokenise renewable energy assets.

This partnership will enable the tokenisation of renewable energy assets like solar panels, wind turbines, and batteries— into micro-shares.

Quai Network, the layer-1 blockchain that features a decentralised energy dollar and a “scalable proof-of-work design” has announced a partners

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About 25.9% of the token supply will be allocated to the Pudgy Penguins community, while other communities will receive 24.12%.

Approximately 17.8% will be held by the team and will have a 1-year lock-up period plus 3-year linear vesting.

The project partners will receive 11.48% under the same conditions set for the team, while 12.35 will be reserved for liquidity support accounts.

Pudgy Penguins has unveiled plans to launch the PENGU token by the end of the year. The Web3 compan

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Blockchange Ventures led the round with participation from Protocol Labs and Dapper Labs.

The company uses blockchain technology to provide near-zero emissions and a highly scalable network of drone imagery.

The company is building a network of drone pilots to capture and deliver “frequently updated, data-rich earth.”

Spexi, a global drone imagery network using blockchain technology to incentivise pilots to contribute to an imagery database has raised $11.5 million in a Series A

Astherus, a liquidity hub for liquid staking tokens (LSTs) and liquid restaking tokens (LRTs), saw its total value locked surge by over 350% in the past three weeks to a record $137.3 million, per DefiLlama.

Astherus has positioned itself as a liquidity hub focused on maximizing yield, with its most sought-after products including its in-house perpetuals exchange, which enables users to lock LSTs, LRTs, and other tokens as collateral to trade popular markets. It has a record $117 million in TVL

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Sei becomes the 10th chain in Magic Eden’s expanding ecosystem and will add Monad to that list when the layer-1 blockchain launches its testnet.

In October, Magic Eden added support for BeraChain and ApeChain, with the two becoming the 8th and 9th supported chains in its ecosystem.

Sei blockchain boasts fast transaction processing speeds, comparable to Web2 platforms.

Magic Eden has expanded its ecosystem to Sei Blockchain, the non-fungible token marketplace announced via an X po

Quick take:

Gensler will leave office on January 20, when Trump is sworn in as the 47th President of the U.S.

Atkins is viewed as a pro-crypto candidate for the position having co-chaired the Token Alliance at the industry group Digital Chamber of Commerce since 2017.

The nomination aligns with Trump’s pre-election promises that advocated for a pro-crypto America.

President Donald Trump has nominated former Commissioner of the U.S. Securities and Exchange Commission Paul Atkins to replace Ga

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The company plans to use the fresh capital to expand its core teams, advance partner integrations and accelerate ecosystem growth.

The company’s modular zero knowledge proof-based interoperability simplifies the movement of assets between Ethereum and Cosmos.

The mainnet for the interoperability layer is scheduled to go live on the mainnet in early 2025.

Union Labs, a web3 company offering a modular, zero knowledge-powered cross-chain interoperability layer between Ethereum and t

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The venture firm revealed in June that it was inviting investors to invest in a new funding round aimed at increasing its stake in TON.

Both funds were officially sold in July and were signed on November 27, the filing showed.

Pantera also invested in the Telegram-linked token in May, which it described as the biggest investment in its 21-year history without disclosing the amount.

Pantera Capital has raised $20 million to increase its investment in the TON token, documents filed

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In exchange, Ethena Foundation will receive 5% of the DRV tokens as part of the partnership, with 5% of those tokens distributed to sENA stakers.

Derive plans to integrate the USDe token, enabling users to earn additional yield.

The on-chain options platform is also launching Vaults for staked USDe holders, enabling users to leverage both Ethena’s staking yields and Derive’s trading strategies.

Ethena, the provider of yield-bearing products on Ethereum and issuer of the USDe toke

Quick take:

Launched in 2020, when NFTs and the metaverse were being hyped as the next major technological breakthroughs, RTFKT became one of the leading NFT projects by 2022.

Barely a year after buying RTFKT, Nike launched its own brand for digital collectibles, .Swoosh in November 2022.

In September 2024, the sportswear giant seemingly failed to include the RTFKT logo in an official announcement according to The Verge.

Popular digital wearables brand RTFKT (pronounced “artifact”) on Monday

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The two companies are proposing a swap facility using Ethena’s upcoming stablecoin USDtb and its other stablecoin USDe.

The swap facility aims to help the Sky ecosystem manage allocation between the two stablecoins in response to interest rate changes.

The USDtb stablecoin reserves are set to be invested in BlackRock’s BUIDL fund, which is tokenised by Securitize.

Athena, the Ethereum-based synthetic dollar protocol and the issuer of the USDe stablecoin has submitted a joint appl

Compx, a DeFi project on Algorand, experienced a rapid growth of the total value locked (TVL) metric after the launch of its Collateral Debt Position (CDP) product. Compx’s TVL has increased over 900% within the last 48 hours to a record $4.5 million, as per DefiLlama data.

Compx has operated as a yield farming product since February of this year. In May, the platform’s yield farming pools held $1.1 million in TVL, which has since dropped by 50%.

The recent growth in TVL is attributed to the l

Folks Finance, a cross-chain lending platform, saw its total value locked (TVL) reach a new record of $255 million after soaring over 200% in November, according to data from DefiLlama. Folks itself reports over $257 million in TVL.

The platform offers two types of products:

xChain is a cross-chain lending application supporting Avalanche, Ethereum, BNB Smart Chain (BSC), Base, and Arbitrum. It leverages the Wormhole bridge, Chainlink’s Cross-Chain Interoperability Protocol (CCIP), and Circle’

CIAN, a yield aggregator platform for the Ethereum ecosystem, experienced rapid growth in its total value locked (TVL), becoming one of the best-performing applications in decentralized finance (DeFi). CIAN’s TVL has skyrocketed from about $13 million two weeks ago to a record $194.5 million as of this writing, as shown by DefiLlama data.

The platform allows users to deposit multiple Ethereum-based tokens in its vaults and target annual percentage yield (APY) figures ranging from 2.54% to 22.76