According to Framework Ventures, Most DePIN projects, including Helium, have historically taken a retail-focused approach to initial distribution of the network and hardware. Helium is arguably one of the largest and first DePIN projects, with a market capitalization of almost $1 billion. Source
CoinspeakerArthur Hayes $10M GMX Unstaking Shakes Market: Investors Unphased as Price Recovers Co-founder of BitMEX Arthur Hayes caused bearish fallout for GMX price this morning after unstaking 237,672.8 GMX, worth almost $10 million, and transferring it to the market maker of NFT marketplace Blur. Hayes was set to make over $3 million in profit from the potential selloff, as reported by Lookonchain. The market responded quickly, resulting in a sharp 10% price drop as GMX fell from highs of around $41 to $37. The unstaked GMX tokens cannot be tracked…
The layer-two (L2) initiative BOB, an acronym for ‘Build on Bitcoin,’ successfully secured $10 million during its seed funding round, led by Castle Island Ventures. The financial boost is set to advance the deployment of a Bitcoin L2 that is compatible with the Ethereum Virtual Machine (EVM), aiming to spur creativity across the network and […] Original
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A new Solana-based memecoin launched today, becoming the talk of the town, and whales have noticed it. However, the reasons behind this might be different from what everybody expects. Since its launch, Slerf (SLERF), the newest Solana-based project, has been trending for all the wrong reasons. The project successfully raised $10 million during its presale and saw most of the token supply burned by accident. Solana Memecoin Launch Sees Millions Gone Just a few hours ago, the Slerf creator and the presale investors were full of excitement and expectation as…
On Monday, the crypto clearing house startup Cleartoken revealed that it raised $10 million from strategic investors including Nomura’s Laser Digital, Flow Traders, and LMAX Digital. Cleartoken Nets $10M to Launch U.K. Digital Asset Clearing Services The horizontal clearing house for the digital asset market, Cleartoken, revealed that it’s raised $10 million in order to […] Source CryptoX Portal
The crypto clearing house plans to start preliminary settlement services in the U.K. this year, subject to regulatory approval. Source
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. After Bitcoin halving, miner rewards will drop by 50%. The event occurs every four years and it aims to rein in internal inflation. As Bitcoin becomes scarcer, and assuming sustained demand, prices trend to go up. So far, Bitcoin is soaring as the demand for spot ETFs explode. Prices recently shot above $68,000. Amid this, new altcoins like InQubeta (QUBE), an AI-focused project, is also benefiting. InQubeta: Linking…
The purchase will be done over a two-year period, developers told CoinDesk. Source
“By investing in the future of TradeTech, we are not just facilitating smoother trade transactions; we are laying the groundwork for a more interconnected and efficient global trade ecosystem,” said Dominik Schiener, co-founder of IOTA and chairman of the IOTA Foundation. Source