Tag: 83M

Over $83m flows into crypto market as liquidity unlocks

According to the data provided by Token Unlocks, the market for cryptocurrency tokens saw a substantial injection of liquidity this past week that amounted to more than $83.38 million. The liquidity was divided over the following projects: SUI, OP, YGG, AGIX, ACA, GAL, and 1INCH. Unlocking a certain part of the total supply of tokens was a need for each one, and this requirement contributed to the volume as a whole. SUI, a layer 1 blockchain smart contract system, is one of the projects that has distributed tokens worth $44.4…

The First ‘Move-to-Earn’ NFT Game Just Raised $8.3M

Genopets, a Solana-based non-fungible token (NFT) “move-to-earn” game where players are rewarded for the steps they take in real life, has raised an $8.3 million seed round, the company announced Monday. The round was led by Konvoy Ventures and Pantera Capital with investment from Alameda Research, Old Fashion Research, Solana Capital, Xoogler Ventures, Mechanism Capital and Animoca Brands. The game pulls data from users’ phones and wearable fitness devices to convert steps taken in the physical world into rewards within the game. Genopets CEO Albert Chen said in a press…

DSD bear sells 5.5M tokens to ‘whale coalition’ with $83M in coupons set to expire

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A coalition of DSD whales has bought out the biggest bear entity on the project allegedly responsible for consistently keeping the token price below the $1 peg. Posting on the DSD discord group, the bear in question “Escobar.eth” revealed, “I’ve executed an OTC deal officially and sold out 5.5m DSD to a whale group. I will not be impeding further expansion efforts.” One of the facilitators of the deal and a multisig holder on the project, who goes by @_wilske on Twitter, told Cointelegraph: “Escobar has been suppressing price for a…

Bitcoin Miner Hut 8 to Add 275 PH/s of Mining Capacity With $8.3M Capital Raise

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Hut 8 Mining Corp. has raised $8.3 million from the sale of 6% of its shares to investors. The Canadian bitcoin miner originally intended to raise $7.5 million from the sale, but it was oversubscribed. Totonto Stock Exchange-listed Hut 8 issued about 5.8 million “units” at a price of $1.45 each. Each unit is comprised of one common share. From this, investors have the option to buy another share for $1.80 between now and December 2021. The Alberta-based miner said funds from the offering will be used to upgrade its…