Pave Bank, which lets businesses manage both fiat and digital assets in real time, raised a $39M Series A led by Accel, with Tether and others participating
RT Watson / The Block :
Tether, the world's largest issuer of stablecoins, says it has hit 500M users; the supply of USDT nears ~$182B while Circle's USDC has ~$75B in circulation
RT Watson / The Block :
Conduit, whose cross-border payments network integrates stablecoins and local currencies, raised a $36M Series A co-led by Dragonfly and Altos Ventures
RT Watson / The Block :
The TON Foundation raises over $400M from Sequoia Capital, Ribbit, and others via a sale of its Toncoin cryptocurrency, and says there are now 40M+ active users
RT Watson / The Block :
Crypto derivatives exchange Bitnomial raised $25M led by Ripple and launches Botanical, a futures trading platform in the US currently in closed beta
RT Watson / The Block :
Ripple plans to launch a stablecoin later in 2024 that is “100% backed by US dollar deposits, short-term US government Treasuries, and other cash equivalents”
Today's edition is brought to you by BetterHelp … Brenda Ngari / ZyCrypto : XRP Eyes Mega Surge To High Prices As Ripple Readies To Storm $155 Billion Stablecoin Market Mehron Rokhy / The Daily Hodl :...
Research: the all-time, total amount invested in crypto and blockchain-related companies crosses $90B, with ~$1.3B invested across 230+ deals so far in 2024
RT Watson / The Block : Forums: r/CryptoCurrency and r/ethtrader Forums: r/CryptoCurrency : Crypto projects have received over $90 billion in all-time funding r/ethtrader : Crypto projects have recei...
Flashbots, whose service proposes blocks for validators running the Ethereum blockchain, raised a $60M Series B led by Paradigm at a $1B valuation
RT Watson / The Block :
Sources: MoonPay gifted celebrities BAYC NFTs at the height of the crypto craze in late 2021; MoonPay says the NFTs weren't free and celebrities paid full price
The Block : Tweets: @basedkarbon and @rt_watson Tweets: @basedkarbon : Reminder: The average bored ape holder genuinely believed all these athletes and celebrities were just so drawn to the fivrr mon...
Source: MoonPay insiders, including CEO Ivan Soto-Wright, cashed out $150M in shares as part of the crypto payment startup's $555M Series A in November 2021
The only smart people in the entire NFT fiasco were the grifter CEOs who made bag holders out of greedy VCs and Ponzi schemers who thought they were the ones doing the pump & dump. … Tweets: Pauly / @...