• Wealthcamp
  • Posts
  • Will nearly $200 Million Fundraising Boost Help Settle Market Jitters?

Will nearly $200 Million Fundraising Boost Help Settle Market Jitters?

from Parafin & Lemniscap funding to Apple adoption & AI advancement, optimism abounds

Author

Austin Hodge
August 29, 2024 • Read Time: 11 minutes

In a year marked by fluctuating cryptocurrencies and political wrangling over the future of crypto regulations, Parafi Capital has managed to break through the noise with a hefty $120 million fundraise. This fresh boost, signaling a resurgence in crypto funding, comes hot on the heels of other notable capital injections and paints an intriguing picture for the industry's future with altcoin season just around the corner.

Let's dive in!

  • Parafi Capital has raised $120 million to invest in various crypto funds, signaling renewed growth in the sector. — Read More

  • 40 nations join US and South Korea in fighting North Korean crypto crimes. — Read More

  • Japan plans to implement startup-centric tax reforms to foster its Web3 ecosystem, according to Minister Takeru Saito. — Read More

  • Lemniscap secures a $70 million fund to support emerging Web3 ventures, anchored by Accolade Partners. — Read More

  • Crypto.com partners with PayPal to allow US users to fund crypto purchases, enhancing convenience and accessibility. — Read More

  • Apple opens iPhone NFC for third-party apps, improving smart payment solutions worldwide. — Read More

  • BlockDAG lands a $10 million global partnership with Borussia Dortmund, enhancing their brand visibility through stadium advertising and fan engagement activities. — Read More

  • RDX Works cuts 15% of its team in a strategic move to reduce costs, says CEO Piers Ridyard. — Read More

  • Gate.io looks to enter Japan, CEO cites regulatory compliance and security as top priorities. — Read More

Lightning Network Protocol Stacks Completes Nakamoto Upgrade

Lightning Network adds DeFi features in Nakamoto upgrade, boosting Bitcoin's utility.

Bitwise Takes Transparency to the Next Level with Public Bitcoin Addresses

Bitwise unique among US bitcoin ETFs for publishing holding addresses, embraces Bitcoin transparency.

Bitcoin Futures Turn Neutral As Overly Optimistic Traders Get Washed Out

Bitcoin futures premium hits a 10-month low, wiping out overly optimistic traders amid market shifts.

Bitcoin Aims for $61,500 Post-Support Test

Bitcoin tests $58,000 support level, eyes potential $61,500 target.

Commemorating Hal Finney: Bitcoin Pioneer and Visionary

Bitcoin community honors Hal Finney on tenth anniversary of his death, highlighting his contributions and vision.

Bitcoin L2 Network Mezo Launches stBTC

Mezo introduces stBTC to bring Bitcoin yield to its DeFi ecosystem.

Ethereum Creator Allegedly Donates $517K to ethOS

Vitalik Buterin seemingly donates over $517,000 to Ethereum mobile OS project ethOS.

Fragmentation Emerging as Key Blockchain Challenge, Says ZKsync Developer

Layer-2 network fragmentation is now the primary focus in blockchain development, states Matter Labs CEO.

Cybercapital Founder Criticizes Ethereum L2s

Justin Bons labels Ethereum L2 solutions as 'parasitic.', adds layers of contention in the crypto world

Ethereum Faces Critical Resistance at $2,550

Ethereum needs to clear $2,550 to initiate a meaningful recovery soon.

Ethereum ETFs Surge While BitNance Enters the Market

Ethereum ETFs gain traction, Bitcoin ETFs lose steam, and BitNance token offers an alternative store of value.

Binance Loses $3.7 Billion in BTC, ETH in 30 Days

Binance saw $3.7 billion worth of Bitcoin and Ethereum leave within a month amid user discontent, including allegations of frozen assets.

Cardano Chang Hard Fork Scheduled for September 1, 2024

Cardano's Chang Hard Fork will be implemented on September 1, 2024, marking a significant move towards full decentralization.

Rollblock Set to Outperform XRP and Solana During Altcoin Season

Altcoin season is approaching, and new crypto Rollblock is expected to deliver higher returns than XRP and Solana.

TON Blockchain Falters Again Due To DOGS Meme Coin Surge

The Telegram-linked TON blockchain is down again, blamed on the surge of the DOGS meme coin.

'DeGod Mode': The Revived NFT Cult Taking Telegram by Storm

DeGod NFT holders ignite sales and community hype by switching to Telegram, boosting prices and engagement.

Trump's Latest NFT Collection Hits $2 Million in Sales Despite Low Buy-In

Donald Trump's new NFTs rake in $2 million, with only 5% of the total collection sold.

Aethir and Auros Enhance ATH Token Transactions

Aethir partners with Auros to improve transparency and efficiency in ATH token transactions.

Pantera's $100M Bet on Telegram-Integrated Toncoin Raises Eyebrows

Pantera invested over $100M in Telegram-linked Toncoin, its biggest investment ever.

$STARS Presale Nears $1M with High APY

Crypto All-Stars raises $800K for $STARS, promising high staking rewards and the upcoming launch of MemeVault.

Real Estate Tokenization Disrupts Sector

Real estate tokenization raised over $10.3 billion globally in 2021, revolutionizing property investment with fractional ownership.

Chainlink (LINK) drops 13%, hitting critical support at $11.20 amid declining demand.

Bitcoin's Key Role in AI Data Integrity

Web3 CEO Jeff Garzik argues Bitcoin's blockchain is crucial for AI data provenance.

First Fully Onchain AI Model on ICP Blockchain

Fully onchain AI model launches on ICP blockchain, setting a new standard.

Amazon's AI-Powered Alexa Upgrade Comes at a Cost

Amazon's new AI-enhanced Alexa will debut in October with a subscription fee, offering advanced features for $5-$10 monthly.

AI Tokens Defy Market Trends Ahead of Nvidia Earnings

AI tokens gain 7% in August as Bitcoin falls below $60K, Nvidia earnings report looms.

NFL Players Union Sues DraftKings Over Scrapped NFT Game

NFL Players Union sues DraftKings for $65 million over abandoned NFT gaming deal, citing contract violations.

Proof of Play Adds 'Boss' Chain and Lombard Launches LBTC

Proof of Play adds 'Boss' as second Arbitrum Orbit chain, Lombard launches yield-bearing Bitcoin token LBTC for DeFi.

BC.GAME Now Supports DOGS Token Deposits and Withdrawals

BC.GAME now allows DOGS token for deposits, on all games and sports bets, with cashback activities coming soon.

CoinPoker Partners with Mario Mosböck to Boost Transparency

CoinPoker releases PoR report ensuring 1:1 reserve coverage and partners with Mario Mosböck to enhance site transparency.

PlayDoge Goes Live with DEX Listing Today

PlayDoge raises nearly $6.5 million in presale ahead of its DEX listing on August 29.

Gala Price Drops 12% Despite Google Pay Integration

GALA's price plummets by 12% amid Google Pay integration while Meme Games gains traction.

SEC Issues Wells Notice to OpenSea

OpenSea receives SEC Wells Notice amid ongoing crypto crackdown.

South Korea Urges Fast-Track of Tokenized Securities Rules

South Korean central bank and industry leaders urge urgent regulation for tokenized securities approval.

McDonald's Hack Sparks Meme Coin Security Debate

Marcie Jastrow advocates for legitimizing meme coins through IP ownership following a $700,000 McDonald's Instagram hack.

CoinSwitch Sues WazirX Over $9M in Trapped Funds

CoinSwitch sues WazirX to recover $9M stuck after $230M hack, using its own reserves in the interim.

Nigerian Groups Support Crypto Tax Proposal

Nigerian civil society groups praise crypto tax proposal, aim to boost financial transparency.