Drift Protocol (DRIFT) raised $25 million in the Series B funding round
Multicoin Capital led the Series B funding round. Among other participants are Blockchain Capital, Primitive Ventures, Folius Ventures, and Maelstrom. Drift Protocol is an open-sourced, decentralized exchange built on the Solana.
👉 x.com/DriftProtocol/status/1836752136614658325
Helius has raised $21.75M in a funding round
The funding round was led by Haun Ventures and Founders Fund. Among other investors are 6th Man Ventures, Chapter One, Foundation Capital and Spearhead. Helius, which provides a suite of tools for developers on Solana, make building easier for developers.
👉 x.com/0xMert_/status/1836578165977915858
Top-15 Projects by average daily development activity growth on Github in the last 30 days
We took the data from Santiment.net. Projects are sorted by the average daily development activity growth during the last 30 days on the Github. The number of daily events is approximate.
Top 3 are Phala, FIO Protocol, and Polymesh.
Borderless Capital introduced its new $100M DePIN fund
The fund is dedicated to accelerating the growth and development of DePIN. It is backed by peaq, Solana Foundation, Jump Crypto, IoTeX, GSR, Anfield, Wormhole Foundation, Sonic Boom Ventures, Movement Labs and others.
👉 x.com/borderless_cap/status/1836419442890166521
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.24T (+2.14%)
BTC Price: $62,151 (+2.68%)
BTC Dominance: 54.7% (-0.20%)
Fear & Greed Index: 49 (Neutral)
Total Value Locked: $131B (+3.54%)
Chromia (CHR) launches a $20 million Data and AI ecosystem fund
The fund will focus on strategic partnerships and investing in data-intensive projects with AI-driven functionality building directly on Chromia, as well as other blockchains and Web2 companies looking to decentralize their data and/or use Chromia as a utility layer.
👉 x.com/Chromia/status/1836424038010274208
Coinbase & Goldman Sachs alumni to launch TrueX, a stablecoin-native exchange powered by PayPal's PYUSD
The TrueX is leveraging the power of stablecoins to facilitate efficient liquidity & settlement solutions and features PayPal's PYUSD as the preferred stablecoin for settlements.
The company also completed a $9M Seed funding from the Solana Foundation, Aptos, Paxos, and others.
👉 decrypt.co/250021/former-coinbase-execs-debut-stablecoin-exchange-and-paypal-usd-settlement-network
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
DeGods (DEGOD) initial listing took place on crypto exchanges
The launched memecoin is anticipated to fuse all digital items within the De Labs NFT ecosystem into a single purposeful crypto coin. The new tokens are available for conversion to all investors holding $Dust, DeGods and y00ts NFT collections.
👉 x.com/DeGodsNFT/status/1835450763876966575
COTI launches its L2 Testnet with Garbled Circuits and MPC capabilities
COTI V2 introduced a framework centered around Garbled Circuits (GC) and multiparty computation (MPC), offering a new standard for on-chain privacy as an EVM-compatible L2. Testnet features include an uptime dashboard, explorer, test Faucet, SDK support.
👉 x.com/COTInetwork/status/1836027275340337518
Binance founder CZ is set to be released from prison on September 29
Changpeng Zhao was sentenced to 4 months in prison in April after he pleaded guilty to violating Bank Secrecy Act by failing to set up an adequate Binance KYC program. In addition to charges against CZ, Binance agreed to pay $4.3 million to settle the allegations.
👉 finance.yahoo.com/news/cz-set-released-prison-september-185521292.html
WalletConnect to airdrop 185 million of WCT with native token launch
The project allocated 18.5% of total supply (185M WCT) for Airdrop Season 1. To participate, users must register by connecting wallets, linking GitHub accounts, and providing an email. WalletConnect enables users to link their crypto wallets to decentralized apps.
👉 theblock.co/post/316751/walletconnect-token-launch-airdrop
Pipe Network has closed a $10M Series A funding round
The funding was led by Multicoin Capital with participation of Robot Ventures, Fuse, Solana Ventures and angels such as Anatoly Yakovenko, Mo Shaikh, and Avery Ching. Pipe Network is a Content Delivery Network (CDN) built on Solana's blockchain.
👉 x.com/pipenetwork/status/1835705527416111326
Web Traffic Spotlight in August: NFT Marketplaces
Web traffic info shows how many users visited a website. The website viewership helps understand the popularity of the website, website audience geography, and other valuable details.
Data provided by similarweb.com
Aleo (ALEO) launched its mainnet and conducted initial listing
ALEO token is now listed on Coinbase, Gate, MEXC Global, and Hashkey Global. Aleo Network is an L1 blockchain that leverages zero-knowledge proofs to enable scalable, privacy-preserving decentralized apps for both users and enterprises.
👉 aleo.org/post/announcing-aleo-mainnet/
Yellow Network raised $10M in a Seed funding round
The funding was led by Ripple co-founder Chris Larsen. Among other investors are Consensys, GSR, NxGen, Gate Labs, ZBS Capital, and Moonrock Capital. Yellow develops a decentralized clearing protocol that aims to address critical industry challenges.
👉 yellow.com/news/ripples-chris-larsen-backs-dollar10m-seed-round-in-yellow-network-to-address-crypto-trading-challenges
Aethir (ATH) and XAI (XAI) launched a $10M grant program
The program aimed at onboarding AI-powered AAA games and gaming studios and supporting the growth of Web3, AI, and gaming sectors by empowering developers. Aethir is an enterprise-grade GPU-as-a-service provider.
👉 blog.aethir.com/blog-posts/aethir-and-xai-launch-a-10m-ecosystem-grant-program-to-support-ai-powered-gaming-projects
Crypto Events Recap, September 17-18
👉 cryptodiffer.com/feed/project-updates/crypto-events-recap-september-17-18-2024
Clearpool (CPOOL) introduced Oxygen (O2), an Ozean's RWA Liquidity Layer
Oxygen (O2) is a next-generation liquidity layer that underpins the growth of the Ozean chain. It combines RWAs, major crypto assets and yield-bearing tokens into a unified asset basket, supporting critical functionalities like swaps, lending, and collateralization.
👉 x.com/ClearpoolFin/status/1836359684003106851
Hemi Network has raised $15 million in a Strategic funding round
Binance Labs, Breyer Capital, and Big Brain Holdings led the funding round. Other investors include Cryptо.соm, Web3 VC, HyperChain, Quantstamp, TRGC, Gate Ventures, Cypher Capital, Impossible Finance, among others.
Hemi is a modular protocol for superior scaling, security, and interoperability, powered by Bitcoin and Ethereum.
👉 x.com/hemi_xyz/status/1836392405328638427
Prediction market Limitless raised $3 million in the Pre-Seed funding round
1confirmation led the pre-Seed funding, with participation from Paper Ventures, Collider Ventures, Public Works, and others. Limitless Labs is building a prediction market platform on Base Network. The Beta version is now available for public users.
👉 x.com/trylimitless/status/1836088945131819213
Binance has introduced its Telegram mini app - MOONBIX
MOONBIX is designed to engage users by rewarding them for completing tasks and playing. Users can accumulate points that might be redeemable for various rewards. Only users from qualified regions who completed KYC shall be eligible for rewards.
👉 binance.com/en/about-legal/tg-mini-app-tnc
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.18T (+0.79%)
BTC Price: $60,455 (+3.11%)
BTC Dominance: 54.9% (+0.60%)
Fear & Greed Index: 45 (Neutral)
Total Value Locked: $126B (+1.29%)
Web Traffic Spotlight in August: Artificial Intelligence (AI) Projects
Web traffic info shows how many users visited a website. The website viewership helps understand the popularity of the website, website audience geography, and other valuable details.
Data provided by similarweb.com
Primex Finance (PMX) introduced PricePulse and protocol release V1.1
PricePulse is a new Telegram mini-app to earn points by predicting prices for digital assets such as Bitcoin, Ethereum, Polygon, etc. The Primex V1.1 brings an oracle-agnostic approach with new price feeds, updated fees, and integration with Enso and Paraswap.
👉 blog.primex.finance/introducing-primex-v1-1-the-next-step-in-the-protocols-evolutions
LogX (LOGX) raised $4M in a strategic investment round
The round was backed by Hashed Emergent, Cumberland, Saison Capital, CoinSwitch, Gate Ventures, DWF Ventures, Antler, Kairos Capital, and WAGMI Ventures. LogX Network is designed to provide high-performance, low-cost modular trading infrastructure.
👉 x.com/LogX_trade/status/1835724775282618681
Donald Trump-backed World Liberty Financial debuted its WLFI token
The WLFI, available under an SEC Regulation D exemption, will be distributed as follows: 63% sold to the public, 17% for user rewards & 20% for team compensation. WLFI will be non-transferable and won't provide any economic rights, the team said on the stream.
👉 coindesk.com/markets/2024/09/17/crypto-project-world-liberty-financial-promoted-by-trump-family-confirms-plan-for-token/
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $2.14T (-0.98%)
BTC Price: $58,695 (-0.33%)
BTC Dominance: 54.3% (-0.10%)
Fear & Greed Index: 33 (Fear)
Total Value Locked: $124B (+0.15%)