Crypto Bytes: Top 10 Breaking News from Cryptoverse

  1. Irina Dilkinska’s involvement in the fraudulent crypto scam OneCoin carries a four-year prison sentence & a $111,440,000 forfeiture. In November 2023, Dilkinska entered a guilty plea.
  1. Galaxy Digital to launch $100M crypto focussed fund. Over the following three years, up to thirty enterprises will get funding from the $100 million fund. The fund will concentrate on developing protocols, software infrastructure, and financial applications.
  1. Gurbir Grewal, the director of the SEC’s Division of Enforcement, attacked the cryptocurrency sector on Wednesday morning for roughly fifteen minutes while refuting those who criticize the agency.
  1. For the web3 AI startup Raiinmaker, Jump Capital and Cypher Capital co-led a $7.5 million seed round. Labs, MEXC Global, Alphabit, Launchpool etc. were also involved. Users may train AI with Raiinmaker on their cellphones and get incentives.
  1. Zeus Network is scheduled to debut its token on April 4th, having raised $8 million in investment. Funding increased the company’s latest valuation to $100 million.
  1. To integrate the Frax stablecoin into the Cosmos ecosystem, Frax Finance and Noble are working together. With this change, Frax and sFrax tokens can now be natively integrated on Noble.
  1. In a private funding round, Gasp (formerly Mangata Finance), a cross-chain swap protocol built on EigenLayer, raised $5 million. The financing raised Gasp’s fully diluted token valuation to $80 million.
  1. On Tuesday, net daily withdrawals of $87.5 million from Ark Invest 21Shares’ ARKB exceeded those from Grayscale’s ETF. In the meantime, there was a $39.5 million cumulative net daily inflow into the spot bitcoin ETF sector.
  1. Picasso Network enhances cross-chain interoperability by integrating IBC with Ethereum.
  1. A satirical Solana meme coin called Jeo Boden (BODEN) makes fun of Biden’s public demeanor and policy stances. Since its introduction over a month ago, BODEN has increased by nearly 2,000%, mostly due to the excitement around the impending U.S. Presidential election.

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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