Paradigm Files Amicus Brief in US SEC Suit Against Terra and Do Kwon
Paradigm, a crypto-focused investment firm, has filed an amicus brief in the US SEC lawsuit against Terraform Labs and its co-founder Do Kwon, challenging the SEC’s theory that stablecoins are securities. The venture capital firm was never invested in the Terra ecosystem and will support neither the SEC nor Terra and Do Kwon in the […]
FTX and Paradigm Partner for ‘one-click’ futures spread trading
Together with the cryptocurrency exchange FTX, Paradigm has announced the start of spread trading. In a blog post on Friday, Paradigm said that FTX users would be able to use “one-click” trading with “no legging risk” for the spread between spot, perpetual, and fixed maturity futures on Bitcoin (BTC), Ether (ETH), Solana (SOL), Avalanche (AVAX), […]
Paradigm leads a $27M Series A funding for Magic Eden
Magic Eden a Solana NFT marketplace announced today that it has raised $27 million in the Series A round, which was led by Paradigm and had contributions from other VC firms. The fund according to the marketplace will be used to further its goals. Sequoia, Solana Ventures, Greylock, Kindred, Electric, and Variant were among the […]
Phantom wallet raises $109 Million in Series B funding to attain a unicorn status
Phantom, a cryptocurrency wallet, has announced a $109 million Series B fundraising round led by Paradigm, crypto and Web3-focused investment firm. The new funding boosts the project’s total value to $1.2 billion. In a prepared statement, Phantom CEO Brandon Millman remarked, “It’s remarkable to witness the expansive growth that has happened in just under a […]