Crypto Bytes: Top 10 Breaking News from Cryptoverse

  • IO Research revealed that Hack VC, Multicoin Capital, and other investors have contributed $30 million in Series A fundraising. Analysts are valuing the firm at $1 billion with the most recent funding round.
  • For the first time in over two years, the total wealth locked in DeFi topped $100 billion. The high TVL was probably brought on by increases in interest in restaking and real world assets (RWAs) as well as surges in cryptocurrency values.
  • A $10M investment in TokenFi native currency, TOKEN, has been made by DWFLabs to promote the tokenization industry, which is expected to generate $16 trillion in revenue by 2030. DWF Labs will buy the tokens straight from the platform’s reserves.
  • U.K. Financial Conduct Authority-approved crypto payments company Baanx has raised $20 million in a Series A fundraising round. Ledger, Tezos, Chiron, and the British Business Bank participated in this round.
  • The Blyth Fund at Stanford University recently decided to allocate 7% of its endowment to Bitcoin investments. Stanford Blockchain Club leader Kole Lee revealed in an X post that Stanford Endowment purchased Bitcoin in February for $45,000.
  • A new cryptocurrency staking fund Grayscale Dynamic Income Fund (GDIF) managed by Grayscale now holds tokens for 9 different blockchains. GDIF owns Aptos, Celestia, Coinbase Staked Ethereum, Cosmos, Near, Osmosis, Polkadot, SEI, and Solana.
  • Bulgarian decentralised lending platform Nexo has been granted a licence by Dubai’s Virtual Assets Regulatory Authority (VARA) to operate and deliver services within the Emirates as a virtual asset service provider (VASP).
  • A Montenegrin appeals court has reversed an earlier decision to extradite Do Kwon, the founder of Terraform Labs, to the United States, the court announced on Tuesday.
  • Polyverse Testnet has been released by Polymer, an Ethereum rollup that aims to become Ethereum’s interoperability hub. Polymer is latest project to address blockchain interoperability. The testnet will be in three stages: “Discovery,” “Into the Unknown,” and “Basecamp.”
  • EigenLayer, a restaking protocol, is now the second largest protocol by total value locked (TVL), surpassing even the well-known decentralised finance protocol Aave. EigenLayer had decided to lift the network’s deposit caps for a limited time.

Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

Author: Mehar Nayar

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