Amber Group raises $300M in series C funding after FTX contagion
The new funding from Fenbushi aims to help Amber address some of the “significant drawdowns” as an aftermath of the FTX default. Fenbushi Capital US, a venture capital firm specializing in blockchain technology, led a new $300 million Series C investment round for Amber, the business announced on Twitter on December 15. Due to FTX’s […]
Matrixport Looks to Raise $100M at $1.5B Valuation
Every month, Matrixport trades $5 billion of goods and has $10 billion in assets under management and custody. Jihan Wu is in charge of the company Matrixport, which wants to raise $100 million at a $1.5 billion valuation. At the sky-high valuation, lead investors have already committed $50 million, but the Singapore-based company is still […]
Binance CEO CZ On FTX Crash
CZ believed the incident was terrible for the industry because one of the top cryptocurrency businesses collapsed over night. In 2022, cryptocurrency exchange FTX declared bankruptcy alongside numerous other failed projects, such as Terra (LUNA), 3AC, Celsius, and Voyager. Changpeng “CZ” Zhao, the CEO of Binance, the largest cryptocurrency exchange, predicts a period of increased […]
Soroban Receives $100M to Build on Stellar Network
The Stellar Development Foundation has set up a $100 million fund to help people adopt the Stellar Network-based platform. A press release on Tuesday said that the smart-contract platform Soroban has launched on the Stellar network with the help of a $100 million fund.The Soroban Adoption Fund gives $100 million from the Stellar Development Foundation […]
Uniswap reportedly seeks funds for its DeFi offerings
According to a recent report, major decentralized exchange (DEX) Uniswap has been in talks with NFT lending protocols to raise funds to further develop its decentralized finance (DeFi) capabilities. According to a Sept. 30 TechCrunch story, Uniswap Labs, a DeFi firm that contributes to the Uniswap Protocol, is in discussions with a number of investors […]