The fresh round of capital will go towards hiring new team members, according to a press release. Source
RedStone, Blockchain Oracle Project Pushing Into Restaking, Raises $15M
Category: ICO
Pi Squared, Building 'Universal ZK Circuit', Raises $12.5M
The startup, led by a University of Illinois Urbana-Champaign computer science professor, uses zero-knowledge technology to enable “trustless remote computing” along with other blockchain use cases including AI. Source
CoinDesk 20 Performance Update: ADA and XRP Lead
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Astar Network to Burn 350M ASTR, 5% of Total Supply
Multi-chain smart contract network Astar Network will burn 350 million ASTR tokens representing 5% of its total supply following a governance vote. Source
Peter Thiel's Founders Fund Leads $85M Seed Investment Into Open-Source AI Platform Sentient
The round was co-led by Pantera Capital and Framework Ventures. Source
Polkadot’s $245M Treasury Would Last 2 Years at Current Spending Rate
Marketing and outreach activities accounted for the biggest chunk of spending, with over $36 million spent on advertisements, events, meetups, conference hosting, and other initiatives. These efforts were intended to attract new users, developers, and businesses to the ecosystem. Source
Worldcoin Hires Former Google, X and Apple Execs to Beef Up Privacy, Security
Adrian Ludwig, who served as director of Android security at Google and chief information officer at Atlassian, a developer of collaboration software, becomes chief information security officer. Ajay Patel, who led the Google Payments identity team, becomes head of World ID. Source
Stablecoin Issuer Paxos Is Awarded Full Approval in Singapore, DBS to Provide Banking Services, Custody
In a Monday statement, the issuer, whose products include PayPal USD (PYUSD) as well as its own Pax Dollar (USDP), also said DBS, the state’s biggest bank, will be its primary banking partner for cash management and the custody of its stablecoin reserves. Source
Spot Ether (ETH) Exchange-Traded Funds (ETFs) Are Likely to See Up to $5B of Net Inflows in First Six Months: Gemini
Net inflows into spot ether ETFs below $3 billion would be a disappointment given that bitcoin versions received $15 billion of inflows in the first six months, Gemini said. Net inflows above $5 billion, a third of the bitcoin ETF level, would be a strong showing, and anything close to 50% or $7.5 billion would be a “significant upside surprise.” Source
Ethereum Products See Highest Outflows Since 2022 Ahead of Ether ETFs
Ether-tracked investment products have collectively lost nearly $120 million in the past two weeks while bitcoin products recorded inflows. Source