Hedgehog Protocol (HOG) launches on Sepolia Testnet
Users will be able to mint BaseFee token, participate in stability pools, and trade BFEE with AMM V60. To take part users need both Sepolia Testnet ETH, wstETH in their wallet. Hedgehog is building an infrastructure for on-chain native derivatives.
👉 medium.com/hedgehog-protocol/wen-testnet-now-8291b44c2ed5
Top 15 projects by positive market sentiment on Oriole Insights
Oriole Insights is a gamified prediction platform harnessing collective wisdom. The list of projects by Bullish expectations with a minimum of 50 predictions and 500 ORI pooled.
👉 app.orioleinsights.io/projects
Quai Network raised $5M in a Strategic funding round
Investors in the round include Cogitent Ventures, MH Ventures, TPC Ventures, Giga Chad Ventures, and DexCheck Ventures. Quai is the fully scalable and programmable Layer-1 providing innovative two-token system and execution sharding capabilities.
👉 x.com/QuaiNetwork/status/1829163441107411306
Web3 payment firm Bridge raised $58M in funding
Started by ex-Coinbase and Square employees, the firm has backers including Sequoia, Ribbit Capital, Index and Haun Ventures. Bridge is building a stablecoin-powered money movement platform, offering services such as payouts and cross-border payments.
👉 theblock.co/post/313830/stablecoin-money-movement-firm-bridge-raises-58-million-in-funding
Ringfence (RFAI) launches the Escher platform with limited free accounts ready to claim
Escher is a creator platform that leverages rNFTs to bring creators licensing and monetization, content verification, AI generation, and instant distribution to socials. Registered users will be eligible for the first airdrop. Ringefence is a data monetization protocol for AI.
👉 x.com/RingfenceAI/status/1828779592439775645
Sharpe AI has rolled out SAI staking with up to 35% APR
Users can now stake their SAI token with a minimum 60 days lockup. Among staking benefits are APR paid hourly mechanism, 50% of platform revenue share, early access to premium features, Airdrops eligibility, exclusive Discord access, and more.
👉 x.com/SharpeLabs/status/1828712241262211395
TOP NFT SALES CONDUCTED IN AUGUST
The Top NFT sales list includes Bored Ape Yacht Club, CryptoPunks, and BEANZ collections. The most expensive NFT sale accounted for (130 ETH) ($351K).
Top-15 Summer Price Gainers
Among the top performers are SUN, the first memecoin fair launch platform on TRON, MUMU THE BULL, a meme token running on Solana, and Undeads Games, a multiplayer MMORPG game.
ParaFi Capital raised $120M to buy stakes in crypto funds
The funding will be partly used to acquire general-partner stakes in other crypto funds that are focused on specific market segments, strategies or geographies. The firm plans to build a portfolio of 30 to 50 such stakes in the next three to five years.
👉 bloomberg.com/news/articles/2024-08-28/parafi-capital-raises-120-million-to-buy-stakes-in-other-crypto-funds
Crypto Events Recap, August 27-28
👉 cryptodiffer.com/feed/project-updates/crypto-events-recap-august-27-28-2024
BNB Chain launches official cross-chain bridge with Celer, deBridge, and Stargate
BNB Chain Bridge integrates with Celer's cross-chain network, deBridge's interoperability framework, and Stargate's cross-chain liquidity solution. BNB Chain is also creating a liquidity pool to streamline transfers from other chains as part of launch process.
👉 theblock.co/post/313427/bnb-chain-bridge-celer-debridge-stargate
Top Meme Coins by Fully Diluted Valuation in the Solana Ecosystem
BONK ($1.74B) and WIF ($1.62B) lead the meme coin rankings in the Solana ecosystem with over $1B in FDV. Other notable meme coins with valuations exceeding $300M include POPCAT ($736M), BOME ($447M), MEW ($403M), and CORGI AI ($326M).
Top 15 projects by positive market sentiment on Oriole Insights
Oriole Insights is a gamified prediction platform harnessing collective wisdom. The list of projects by Bullish expectations with a minimum of 50 predictions and 500 ORI pooled.
👉 app.orioleinsights.io/projects
Solayer has closed a $12M Seed funding round
The funding was led by Polychain Capital and Hack VC. Among other investors are Big Brain Holdings, Maelstrom, Nomad Capital, Race Capital, and ABCDE Capital. Solayer is a leading network on Solana.
👉 x.com/solayer_labs/status/1828493462460867033
Top Fundraising Rounds conducted in August
Projects that received the most funding are Story Protocol ($80M), a Layer 1 intellectual property blockchain, Chaos Labs ($55M), a risk and security product for DeFi, and Morpho ($50M), a DeFi lending protocol.
Top-15 Summer Total Value Locked (TVL) gainers
Among the top performers are Colend Protocol, a lending and borrowing protocol on the Core blockchain, Edgevana, a liquid staking solution on Solana, and Pharaoh CL, an AMM designed to serve as Avalanche's central liquidity hub.
Alchemy has acquired the infrastructure provider Bware (INFRA)
The acquisition will not affect Alchemy or Bware customers. Additionally, Alchemy will not take over Bware's INFRA network nor its token. Alchemy is a comprehensive platform that allows developers to easily construct multichain DApps.
👉 x.com/BwareLabs/status/1829173435727327236
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.18T (-2.04%)
BTC Price: $59,388 (-0.28%)
BTC Dominance: 53.8% (+0.20%)
Fear & Greed Index: 34 (Fear)
Total Value Locked: $130B (-0.62%)
double jump.tоkyо announced the closure of its $10 million Series D funding
SBI Investment led the Series D first closing funding round with participation from Sony Group Corporation, Taisu Ventures, Gate Ventures, TM Capital, and Bing Ventures. double jump.tоkyо is a company focused on blockchain game development, a blockchain infrastructure, and fostered NFT projects with well-known IPs.
👉 medium.com/tokyo-fintech/double-jump-tokyo-secures-over-usd-10m-in-funding-from-sbi-investment-and-sony
Edge Matrix Chain raised $20M in funding led by Polygon Ventures and Amber Group
Among other investors are One Comma, Kapley Judge and Associated Corporations, Cyberrock Venture Fund, Candaq Fintech Group. Edge Matrix Chain (EMC), a multichain infrastructure, also launched a 2-month public Testnet incentive with $5M in rewards.
👉 theblock.co/post/313685/edge-matrix-chain-raises-20-million-in-funding-led-by-polygon-ventures-amber-group
Hamster Kombat will hold its TGE & airdrop on September 26
Hamster Kombat is a Telegram-based crypto clicker game. In July, Hamster Kombat's team said the game had about 50M daily active users spread over 190 countries. 60% of its token airdrop will be dedicated to players according to the projects team.
👉 theblock.co/post/313511/hamster-kombat-token-airdrop-set-for-next-month
Layer 1 from Kakao and LINE, Kaia, launches its mainnet
Kaia was introduced in April amid a merger between Kakao’s Klaytn and LINE’s Finschia. Kaia Wave, a builder support program, accompanies the mainnet launch. Eligible teams will receive marketing, tech, and business support worth $1.2M per team.
👉 theblock.co/post/313465/kakao-line-blockchain-mainnet-launches
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.20T (+1.24%)
BTC Price: $59,645 (+1.68%)
BTC Dominance: 53.6% (-0.10%)
Fear & Greed Index: 29 (Fear)
Total Value Locked: $131B (+0.45%)
Web3 streaming platform Myco raised $10 Million in Series A funding round
The investment was led by Daman Investments, Aptos Labs, Enjinstarter, B Digital, Mocha Ventures, Art3 Foundation, Ghaf Capital Partners, Mix Media Network, and Factor6 Capital Partners. Myco is a content-streaming decentralized application.
👉 x.com/Invest_Daman/status/1828719239508709658
Crypto VC Lemniscap raised $70 million for its third fund
Lemniscap, a crypto-focused venture capital firm, secured $70 million for its new fund to invest in early-stage startups. The new fund will focus on zero-knowledge infrastructure, consumer applications, a Bitcoin ecosystem, security, and DePINs.
👉 theblock.co/post/313404/crypto-vc-lemniscap-third-fund
Gameplay Galaxy closed an $11M Seed extension round
The round was co-led by Blockchain Capital and Merit Circle with Solana Ventures, Hustle Fund, Com2uS & Mysten Labs participating. Gameplay Galaxy is a developer of Trial Xtreme franchise, a mobile game featuring motocross-style racing and sports.
👉 x.com/TrialXtreme/status/1828506965699674370
Quantlytica (QTLX) to conduct its IDO on Enjinstarter and Eesee on September 3rd
Public sale price is 1 QTLX = 0.20. Total IDOs Hard Cap is $420,000, with a 50% unlock at TGE followed by and 3 months vesting. Fully Diluted Valuation is $20M. Quantlytica is a crypto management platform developing an AI-powered DeFi optimization tool.
👉 x.com/enjinstarter/status/1828055393643438509
Story Protocol announced the launch of its public testnet
Users can now mint IP assets as commemorative NFTs on Story Network over the next 48 hours. Last week the project closed an $80M Series B funding led by a16z. Story Protocol is a Layer 1 blockchain designed to tokenize intellectual property.
👉 x.com/StoryProtocol/status/1828455573513482607