Ethereum

Ethereum Co-Founder Raises $450M, Hits Solana, Another DeFi Hack + More News

Ethereum Co-Founder Raises USD 450M & Bashes Solana, Another DeFi Hack + More News

Joseph Lubin. Source: a video screenshot.

Get your daily digest of crypto-asset and blockchain-related news – by investigating stories that fly under the radar in today’s crypto news.

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Investment News

  • Blockchain company focused on Ethereum (ETH) ConsenSys announcement the closing of a $450 million financing round, bringing its valuation to more than $7 billion. ParaFi Capital led this increase after participating in it, joined by Temasek, SoftBank Vision 2 Funds, Microsoft, Capital of Anthos, Sound companies, and others. They added that the treasury wallet Metamask now supports over 30 million monthly active users (MAUs), growing 42% in four months.
  • Separately, Joseph Lubin, the founder of ConsenSys and co-founder of Ethereum questioned the sustainability of rival projects including the fast-growing Solana (SOL) blockchain, the Financial Times reported. According to Lubin, Solana pays disproportionate rewards to users who validate transactions on the network relative to the revenue generated from those transactions and that he needs to “find a more sustainable business model for the network.”
  • the Stellar Development Foundation (SDF), a non-profit organization that supports the development and growth of Stellar (XLM), announcement the launch of the $30 million matching fund that co-invests alongside investors worldwide, with matching investments raised from a lead investor up to $500,000. The fund is intended for the pre-seed of Series B companies interested in building on the Stellar blockchain.
  • Financial modeling platform Glove announcement they raised $23.8 million in a Series B funding round led by Ribbit Capital, bringing their total valuation to over $1 billion. The funds will be used to expand their team of developers, engineers and simulation data scientists, they added.
  • blockchain game Crypto unicorns raised $26 million in token sales co-led by TCG and VC supported. All funds raised through token sales are held in the Crypto Unicorns DAO Treasury, designed to be controlled by the community over time.
  • Layer 1 blockchain solution Aptos raised $200 million in a strategic funding round led by a16z encryption and launched the project’s public devnet. The funds will be used to strengthen the network and support their community, they added.
  • Blockchain Travel Protocol TravelX announcement a $10 million seed funding round led by Capital without borders, which closed last November. The company plans to launch its first service later this year, with the aim of making it easier for travelers to change, cancel, transfer and sell tokenized inventory in a simpler and more streamlined way, they said.

Security News

  • Decentralized derivatives platform Deus was hacked and the hacker earned around $3 million, according to to blockchain security company PeckShield, who added that the actual loss for the protocol could be more than that. Lafayette Tabor, the Community of Decentralized Autonomous Organizations (DAO) Deus, announcement that there will be a repayment plan for his team allowance.

Economic News

  • Saudi Arabia is in active talks with Beijing to price some of its oil sales to China in yuan, The Wall Street Journal reported, citing people familiar with the matter. The move would hurt the US dollar’s dominance in the global oil market, he said, adding that talks with China over yuan-priced oil contracts have been going on and on for six years, but accelerated this year. year as the Saudis have developed. increasingly dissatisfied with decades-old American security commitments to defend the kingdom.

Adoption News

  • Payments Giant Visa East attractive undergraduate students to apply for its Crypto Developer Program, an 18-month rotational experience “designed to build a seamlessly fluent cryptocurrency team now and for the future.” Program participants will gain expertise in specific areas such as DeFi, NFTs, stablecoins, and central bank digital currencies (CBDCs).

Career news

  • Crypto exchange Binary stamp United States said an influx of Wall Street hires has helped broaden its talent pool and boost the gender diversity of its staff, Bloomberg reported, quoting Robert Zagotta, CEO of the exchange. They added that women made up 60% of new hires so far this year, up from 37% in 2021, as Wall Street bankers left their posts in favor of crypto-related jobs.
  • Former CEO of the entertainment giant waltz disneyBob Iger, announcement he joins the board of directors of the digital avatar platform geniuses. He added that he would help the team “empower humans to create the ‘web3 mobile apps’: avatar ecosystems”.
  • Digital Asset Custody Solutions Provider Copper.co announced the appointment of Carly Nuzbach Lowery, formerly of crypto exchange Coinbaseas legal director.
  • Michele Korver, Former Chief Advisor of Digital Currency in the United States Financial Crimes Network (FinCEN), is join Andreessen Horowitz (a16z) as a regulator.
  • blockchain developer Polygon Studios announced five new hires, including C-level executives Michael Blank as COO and Young Ko as CFO. The new members of the Polygon (MATIC) team will work under the old Youtube Head of games Ryan Wyatt, who is now the CEO of Polygon.

Legal news

  • The Indian Execution Directorate investigating seven cases in which crypto was allegedly used for money laundering and attached proceeds of crime worth Rs 135 crore ($17.6 million), Business Today reportedquoting Minister of State for Finance Pankaj Chaudhary.