Tag: 135M

Bitcoin Runes activity drops significantly, weeks after generating $135m in fees

boss

Activity on Bitcoin’s Rune protocol has dropped significantly, with data showing it reached its lowest level on May 11.  The Runes protocol has been making waves in the crypto space since its launch on April 19, coinciding with the latest Bitcoin (BTC) halving event. The protocol’s debut on April 19, which coincided with the latest Bitcoin halving, was nothing short of a blockbuster. It drove a surge in Bitcoin transaction fees, raking in a record $107 million in a single day and $135 million within the first week. However, the…

Bitcoin Runes attract $135m in fees post-halving 

boss

Nearly a week after the halving, Bitcoin Runes have achieved a milestone as observers and participants alike deliberate over the impacts of the new standard.  According to a Dune Analytics dashboard, the Runes protocol on Bitcoin (BTC) has raked in $135 million in transaction fees on the cryptocurrency’s largest blockchain. On-chain data showed that tokens issued under the standard generated more than 2,100 BTC costs within a week.  Runes fee data | Source: Dune Analytics, Cryptokoryo Casey Rodarmor, the same mind behind the Ordinals protocol, developed Bitcoin Runes to improve the…

Bitcoin pushes past $49k as crypto liquidations exceed $135m

boss

Bitcoin has gained 16% in the past week and over 15% in the last 30 days, but price volatility still rocks leveraged crypto positions across the board.  While Bitcoin (BTC) exchanged hands above $49,000 on Feb. 12 following eight consecutive green days, cryptocurrency traders experienced sweeping liquidations in the past 24 hours.  According to CoinGlass, over $135 million was eliminated from crypto markets, represented by both long and short positions. Traders take long bets when they expect higher prices and, conversely, short bets when the prediction tilts toward lower ranges.…

Crypto Media Company Blockworks Raises $12M at $135M Valuation

“For the past year, we’ve been building Blockworks Research, a powerful investment platform that brings together data, analytics, research, governance, and real-time news,” Blockworks co-founders Jason Yanowitz and Michael Ippolito wrote in an announcement post. “Financial institutions and deeply crypto-native investors rely on Blockworks Research to make better decisions. This investment allows us to double-down on this effort to bring better information to the industry.” Source

XRP Whale Withdraws Massive $135M From Binance, Bullish Signal?

boss

Data shows an XRP whale has made a massive withdrawal of $134 million from Binance, something that could prove to be bullish for the price of the crypto. Whale Transfers $135 Million In XRP Out Of Crypto Exchange Binance As per data from the crypto transaction tracker service Whale Alert, a huge XRP transfer was spotted earlier in the day. The transaction amounted to a total of 350,000,000 XRP, and was worth around $134.8 million at the time of the transfer. At the current exchange rate, this stack of coins…

Crypto exchange CoinDCX raises $135M funding to support Indian Web3

boss

Crypto exchange CoinDCX became India’s first crypto business to complete a Series D funding round, raising $135 million in support of various Web3 and crypto initiatives in the country.  The latest funding round resulted in CoinDCX doubling its valuation to $2.15 billion, which was led by Pantera and Steadview and saw participation from prominent investors including Kingsway, DraperDragon and Republic. Existing investors such as B Capital Group — a VC firm from Facebook co-founder Eduardo Saverin — Coinbase, Polychain and Cadenza also joined in on the oversubscribed funding round to…

Omnichain developer LayerZero Labs raises $135M

boss

On Wednesday, LayerZero Labs, a firm that develops protocol to enable omnichain decentralized applications, or dApps, to span multiple blockchains, announced that it raised $135 million in its latest funding round. The deal values LayerZero Labs at $1 billion and will accelerate the development of its namesake protocol. The round was led by notable venture groups and investors such as Sequoia Capital, FTX Ventures, Andreessen Horowitz, and with participation from Coinbase Ventures, PayPal Ventures, Tiger Global, Uniswap Labs, and more. It aims to unite applications such as gaming, nonfungible tokens,…

Dapper Labs Raising $13.5M in Equity Offering

Dapper Labs, the creator of basketball collectible platform NBA Top Shot, is raising $13.5 million in an equity offering and is nearly halfway toward meeting the goal, according to a new regulatory filing. The company has raised $6.5 million to date from one investor. Dapper started accepting investments on Nov. 22. Sports non-fungible tokens (NFTS) are a booming area for investor support. In September alone, Dapper closed a $250 million funding round at a reported $7.6 billion valuation, and European football NFT platform Sorare raised $680 million at a $4.3…