Monad Labs, developer of the Ethereum-compatible layer 1 blockchain Monad, has closed a $225 million funding round led by investment firm Paradigm.“We are thrilled to announce our $225 million fundraising,” Monad said. “This funding milestone provides us with ample resources to continue expanding our team and bring Monad into production.”Electric Capital, Coinbase Ventures, Castle Island Ventures, GSR Ventures and Greenoaks also participated in the round. Angel investors include Inversebrah, Ansem, Hsaka, punk6529, Eric Wall, Rune Christensen, Bryan Pellegrino, Luca Netz, and Mert Mumtaz, Monad confirmed.The announcement follows news last month that Monad was eyeing a $200 million-plus funding round as…
Author: Crypto Flexs
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join us telegram A channel to stay up to date on breaking news coverage BitMEX co-founder Arthur Hayes said Bitcoin and cryptocurrency prices could fall around the time of Bitcoin’s halving as U.S. policymakers use “schemes” to bail out the financial system. The April 20 halving will coincide with a period of tight dollar liquidity due to tax payments due from April 15 to May 1, he said in a blog post. “Given that the halving occurs at a time when dollar liquidity is tighter than usual, it will add momentum to the furious selling of crypto assets,” he said.…
BitMEX founder Arthur Hayes reportedly sent more than $1 million worth of the decentralized exchange (DEX) altcoin GMX (GMX) to a centralized exchange. Pseudonym: On-chain analyst EmberCN says Hayes has 79,700 followers on social media platform X, where he has managed the largest private address of a GMX holder since 2022. On Sunday, the BitMEX founder transferred all of his 237,000 GMX (worth $9.78 million) to a newly created address. According to EmberCN, the address then sent 41,000 GMX worth $1.68 million to centralized cryptocurrency exchanges Binance, OKX, and Bybit. The analyst also says the newly created address likely belongs…
Japanese company Metaplanet announced that it would purchase 1 billion yen (about $6.5 million) worth of Bitcoin as part of its corporate finance strategy, a move that mimicked MicroStrategy’s high-profile Bitcoin hoarding.Metaplanet, a diversified company and a public company listed on the Tokyo Stock Exchange, has unveiled a Bitcoin purchase initiative for X. The company cited hedging risks from currency devaluation and inflation as motivation.The purchase is an “early commitment” and part of a broader acceptance of Bitcoin’s potential, according to the announcement. It is supported by partners such as legendary hedge fund manager Mark Yusko, UTXO Management, and Sora…
Cryptocurrency pioneer Andre Cronje explains a new strategy for community and meme coin launches aimed at strengthening investor protection. Andre Cronje, founder of Yearn.finance and co-founder and architect of the Fantom Foundation, proposed a new framework designed to create a safer environment for both the community and investors interested in meme coins. In a recent post, Cronje outlined the risks associated with the current meme coin environment, such as token sales by team members, mass offloading by early investors, liquidity removal, and tokens with access controls. To solve these problems, Cronje opened a direct line of communication via Telegram or…
The NEAR Foundation has launched an Infrastructure Council with $4 million to strengthen critical infrastructure, decentralize decision-making, and streamline efforts, with half of the budget still available. The NEAR protocol has seen a significant increase in users and transactions in recent months. The NEAR Foundation launched the Infrastructure Committee to ensure smooth operation and expansion of the project and its founders. With $4 million in funding allocated to infrastructure projects, the Commission aims to strengthen NEAR’s core infrastructure and support the success of NEAR projects in an open and transparent manner. Key infrastructure includes RPC nodes, relayers, indexers, bridges, wallets,…
SpaceCatch, one of the most professional and notable GameFi projects on Web3 this year, has announced its public beta launch. The most important day of April at GameFi is April 22, 2024. Developed by professional gaming studio Pixelfield, SpaceCatch has been in development since 2022. The team has delivered great technology so far, so now SpaceCatch is one of the most promising AR&Web3 games in the GameFi industry. CATCH tokens are already listed and have an ATH over 50 times higher than the pre-sale price. All of this demonstrates the team’s outstanding ability to deliver excellent, professional results. One of…
Ethereum, the second-largest cryptocurrency by market capitalization, is showing signs of a potential rebound in the medium to long term. Recent data and key indicators from the futures market suggest that bullish sentiment surrounding ETH is on the rise. TLDR Ethereum’s futures open interest and positive funding ratio suggest a potential upside above $4,000 in the medium term. Key indicators such as MACD and DMI confirm the rise in bullish sentiment in the ETH spot market. Ethereum remains on the rise above $3,400 and could potentially reach $4,500 or even $5,000 in the coming weeks if the bull market remains…
Looking back at recent stablecoin indicators, Solana brush -3.31% According to research and brokerage firm Bernstein, increasing market liquidity and improving investor sentiment are “leading the battle” for blockchain payments.“The big change this cycle is Solana’s dominant market share in transferred stablecoin value (highest share at 43%) compared to market leader Ethereum in the previous cycle,” Gautam Chhugani and Mahika Sapra wrote in a note to clients on Tuesday. I wrote:They argue that Solana’s single-layer design has led to an increase in stablecoin payments on the network due to its direct on-ramp to cryptocurrency exchanges, high throughput, and low transaction…
Optimism is surging in the cryptocurrency market for Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization. The emergence of two new whales adds to the bullish sentiment surrounding Ethereum, according to Spot On Chain, a cryptocurrency tracking platform. These whales withdrew a significant amount of ETH from leading cryptocurrency exchange Binance, totaling 11,700 coins (worth approximately $40 million).advertising Their significant purchases, made when the ETH price was around $3,450, indicate confidence in the potential for further price appreciation. that much $ETH The price has surged ~4% in the last two hours and is now above $3,500! During this time,…