Solv Protocol Secures $11m Strategic Funding for BTC Staking
A strategic investment round of $11 million has been completed by Solv Protocol, which aims to expand the pool of investors who can stake Bitcoin. The fundraising round raises the total funding for the Bitcoin staking platform to $25 million. It attracted several venture capital firms, including Blockchain Capital and Nomura’s Laser Digital. Gumi Cryptos […]
VanEck Introduces $30M Ventures Fund for Crypto and AI
VanEck’s new $30 million fund, VanEck Ventures, will invest in fintech, crypto, and AI firms developing next-generation payments. VanEck, one of the U.S. issuers of spot Bitcoin exchange-traded funds (ETFs), has introduced a new initiative to support early-stage projects in the cryptocurrency and artificial intelligence sectors. On October 9, VanEck announced the launch of VanEck […]
Polymarket Seeks $50M Funding Amid US Election Hype
Polymarket is seeking $50 million in funding amid U.S. election betting interest and may issue its token for verifying real-world event outcomes. Polymarket, a crypto prediction market platform, is purportedly seeking to secure $50 million in additional financing in response to the ongoing speculation regarding U.S. election betting. According to a report, the New York-based […]
Crypto Super PAC Offers $660K to Senate Race as US Election Nears
With 57 days until the US election, Super PAC expenditure appears to ramp up in Massachusetts and nationwide. The Commonwealth Unity Fund, a political action committee (PAC) primarily supported by contributions from the co-founders of Gemini and Ripple Labs, has spent over $600,000 to back Republican candidate John Deaton in the U.S. Senate race. According to Federal […]
SaltLayer Secures $8M for Bitcoin Restaking Platform
SaltLayer has closed a $8 million pre-seed investment round based on the Babylon staking mechanism and powered by Bitcoin. Multiple venture capital organizations focusing on cryptocurrency have backed the Bitcoin restaking platform, according to a statement made on X on August 22. The pre-seed investment was co-led by web3 venture capital firm Hack VC and […]