GaiaNet has raised $10M in a Seed funding round backed by Mirana Ventures and others
GaiaNet has secured $10M in a seed funding round to support the development of decentralized networks for generative AI tools. Investors in the round include EVM Capital, Mirana Ventures, Mantle EcoFund, Generative Ventures, and Republic Capital. GaiaNet is a decentralized computing infrastructure enabling everyone to create, deploy, scale, and monetize their AI agents. Earlier this year, the firm partnered with the University of California Berkeley to develop AI-powered teaching assistants for STEM students.
🔗 theblock.co/post/297035/decentralized-ai-project-gaianet-raises-10-million-in-funding-round
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Nakamoto Games [NAKA] has integrated AIOZ W3IPFS for decentralized storage
Nakamoto Games $NAKA is now integrated with AIOZ W3IPFS $AIOZ for decentralized storage, benefiting from the built-in CDN. Through this integration, AIOZ W3IPFS enables Nakamoto Games to leverage DePIN storage for enhanced NFT security and management, providing players with an advanced gaming experience.
Nakamoto Games is a major play-to-earn gaming ecosystem. Current $NAKA price is $1.41. Current market cap is $91.8M. Current FDV is $254M.
🔗 x.com/NakamotoGames/status/1795365038620131516
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KIP Protocol [KIP] has launched Incentivized Campaign ahead of TGE – The Uprising
KIP Protocol $KIP has rolled out The Uprising, a community-incentivized campaign platform with an allocated exclusive $KIP token supply. Users can earn points for completing X (Twitter) quests, create original content and engage with other users tweeting about KIP. The Uprising begins today, May 27th and will conclude with the launch of $KIP token.
Previously, KIP has opened community whitelist registration for the sale of AI Checker Nodes.
Hatom [HTM] has introduced cross-chain lending infrastructure based on LayerZero - Soul
Hatom $HTM has unveiled Soul, its cross-chain lending infrastructure based on LayerZero $ZRO. Soul facilitates omni-chain lending through unified semantics across multiple networks. With Soul, users can borrow from any lending protocol on any blockchain, consolidating their borrowing power.
Soul enables the lending and borrowing of native assets across platforms like Aave and Compound and leverages LayerZero for seamless cross-chain communication
ZAP has launched Blast Gigadrops with $500K as prize pool
ZAP has unveiled Blast Gigadrops campaing with $500K in rewards. To launch campaign ZAP has partnered with over 20 projects including SynFutures, Thruster, MetaStreet, Blitz and others. Users can complete various missions and quests directly through ZAP Drops to qualify for different reward pools.
Zap builds a community-first launchpad on Blast, an Ethereum L2 with native yield and $2.9B in TVL. It will allow users to invest flexibly by choosing to pay later using Blast's native yield for charges, stake a range of tokens to earn additional rewards, and automatically invest in token launches using their future vested rewards. Previously, Zap conducted a vault sale and sold over 11K vaults, worth more than $11M.
🔗 changelog.zap.tech/updates/zap-presents-blast-gigadrops
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Param Labs [PARAM] will conduct an initial listing on Bybit and Gatе on May 29th
Param Labs $PARAM will be initially listed on Bybit and Gatе on May 29th, at 8:00 AM UTC. Previously, Param Labs announced farming on Bybit Launchpool with 20M $PARAM in rewards. Param Labs’ Gaming Points program is live. Users can earn points through completing social tasks.
Param Labs is a game studio specializing in AI and blockchain technologies. It raised $7M in a funding round backed by Animoca Brands, Delphi Ventures, Cypher Capital, P2 Ventures, Mechanism Capital, Merit Circle and others.
🔗 x.com/ParamLaboratory/status/1793916331865297395
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Ethereum [ETH] plans to release Pectra upgrade in Q1 2025
Ethereum’s $ETH Pectra upgrade targets Q1 2025. The upgrade includes the Ethereum Virtual Machine Object Format (EOF), which features 11 improvement proposals to enhance the EVM code on both Layer 1 and Layer 2 levels. Pectra will integrate EIP-7251 allowing validators to stake up to 2,048 ETH, a substantial increase from the current 32 ETH limit. The existing account abstraction proposal, EIP-3074, will be replaced by EIP-7702, a new proposal from Vitalik Buterin.
🔗 theblock.co/post/296803/ethereum-targets-q1-2025-for-pectra-upgrade-rollout-following-dencun
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Top 7 Crypto Fundraising Rounds of the Week
Let’s take a look at the top 7 biggest private crypto fundraising rounds completed in the previous week, backed by crypto venture investors including Paradigm, a16zcrypto, Hashkey Capital, OKX Ventures, Hashed, Haun, Mechanism Capital and others.
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Cysic has raised $12M in a Pre-A funding round co-led by HashKey Capital and OKX Ventures
Cysic, a zero-knowledge hardware acceleration startup, has secured $12M in a Pre-A funding round co-led by HashKey Capital and OKX Ventures. Other investors in the round included Polychain, ABCDE, SNZ Holding, Web3.соm Ventures, Coinswitch, IDG, Bit Digital and Matrix Partners.
Cysic is a ZK-hardware acceleration project focused on developing advanced ASIC chips to expedite the generation of ZK proofs for ZK-based systems. In 2023, it raised $6M in a seed funding round backed by Polychain, HashKey Capital, SNZ Holding and others.
🔗 medium.com/@cysic/zero-knowledge-zk-hardware-acceleration-startup-cysic-raises-12m-in-pre-a-round-to-advance-the-4d8eb7fc611c
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Fantom Foundation [FTM] closed a $10M strategic funding round to support the Sonic Foundation
Fantom Foundation $FTM has secured $10M in a strategic funding round and announced its plans to establish the Sonic Foundation and Sonic Labs ahead of the rollout of its Sonic blockchain. Investors in the round include Hashed, UOB Ventures, Signum Capital, Aave Foundation, and several angel investors such as Stani Kulechov, Robert Leshner, Michael Egorov.
Still under development, Sonic is designed to be a high-performance blockchain with sub-second finality. It represents the next evolution of the existing Opera network by Fantom
SEC has approved Ethereum [ETH] Spot ETF
The Securities and Exchange Commission (SEC) approved 19b-4 forms for the ETFs from BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy and Franklin Templeton. While the forms have been approved, the ETF issuers need to have their S-1 registration statements go effective before trading can begin.
The SEC has started conversations with issuers about their S-1 forms, but only recently. It's unclear how long this process will take but analysts speculate that it could take several weeks or months. Current $ETH price is $3,673.
🔗 theblock.co/post/296304/sec-approves-ethereum-etfs
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Plume Network has raised $10M in a Seed funding round led by Haun Ventures
Plume Network, a modular Layer 2 network focused on bringing real-world assets on-chain, has secured $10M in a seed funding round led by Haun Ventures. Other investors in the round include Galaxy Ventures, Superscrypt, A Capital, SV Angel, Portal Ventures, Reciprocal Ventures.
Angel investors, including Anthony Ramirez of Wormhole Labs, Calvin Liu of Eigenlayer, Ezaan "Zon" Mangalji of Initia, Andrew Kang of Mechanism, Jeff Feng and Jayendra Jog of Sei Network, also participated.
Top Blockchains by Number of Transactions in last 7 days
Let’s compare the top blockchains by number of transactions registered on-chain and average daily active addresses in last 7 days, according to Artemis.xyz, in order to evaluate their current adoption and performance.
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LeverFi [LEVER] has raised $10M for OmniZK Developers Fund
LeverFi $LEVER has secured $10M from leading institutions, market makers and private investors to support developers who are building the future of BTC Fi using OmniZK for developers fund. The new fund, exclusively focused on BTC Fi projects, will allow developers to build and deploy scalable, interoperable DLC applications that are natively settled on Bitcoin.
LeverFi operates as a DeFi infrastructure and innovation network that provides unique solutions for users in the Bitcoin and global Web3 ecosystems. Current $LEVER price is $0.0036. Current market cap is $118M. Current FDV is $128M.
🔗 medium.com/leverfi/usd10-million-omnizk-developers-fund-building-the-future-of-btc-fi-dcd08b6b22dd
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Ethereum Layer 2 Taiko will airdrop 5% of TKO token supply
Taiko $TKO has announced a genesis airdrop for its community members ahead of its mainnet launch. 5% of total supply (50M $TKO) will be airdropped to Taiko testnet users, block proposers and provers, Galxe points holders and contributors to certain GitHub repositories. $TKO genesis airdrop will be available to claim on the mainnet of Taiko’s Layer 2 chain once it goes live.
Users can check Airdrop eligibility here 👉 claim.taiko.xyz
Taiko is a Type 1 ZK-EVM — an Ethereum Virtual Machine-compatible ZK-rollup that supports zero-knowledge proof computation. Previously, it has raised $37M across three funding rounds backed by Hashed Fund, Lightspeed Venture, Sequoia China, Generative Ventures, IOSG Ventures, GSR and GGV Capital.
🔗 taiko.mirror.xyz/RjxK3mrDw_ek1w-P768h0Oqghpv8pdfSQ-A51n-izZg
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Switchboard has raised $7.5M in a strategic round co-led by Tribe Capital and RockawayX
Switchboard has secured $7.5M in a strategic funding round led by Tribe Capital and RockawayX. Other investors in the round include Ascensive Assets, Aptos, Lemniscap, Bixin Ventures, Mysten Labs, StarkWare and Breed VC. Switchboard is a permissionless, customizable, multi-chain oracle protocol designed for general-purpose data feeds and verifiable randomness. In 2021, it raised $3.5M in a seed funding round backed by CMS Holdings, Collab + Currency, Taureon Capital, and others.
🔗 x.com/switchboardxyz/status/1795441142240063564
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bitSmiley [BIT] is participating in Bitlayer Mining Gala program with $6M Airdrop
bitSmiley is participating in Bitlayer Mining Gala program, with the airdrop worth $6M in $BIT tokens. During this Mining Gala which is live until June 10th, bitPoints farming via bitPoint Season 1 will be tripled to users minting bitUSD, providing liquidity for specified trading pairs on bitCow (bitUSD-USDT/bitUSD-WBTC) and staking bitUSD.
bitSmiley is a stablecoin, lending and derivatives protocol for $BTC ecosystem, which allows users to over-collateralize native BTC on BTC network to mint bitUSD stablecoin. It is backed by OKX Ventures, ABCDE, CMS Holdings, Foresight Ventures, KuCoin Ventures and Waterdrip Capital.
🔗 medium.com/@bitsmiley/bitsmiley-x-bitlayer-mining-gala-9e8fa48ed691
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Top 7 Biggest Token Unlocks in the Next 7 Days
Monitoring of vested tokens and future unlock events is an important step to make more cautious and, in the end, better trading decisions. Let’s take a look at this and some other biggest unlocks coming in the next 7 days, including $DYDX, #1INCH, $PORTAL, $AXL, $BICO, $SKL and $YGG according to CryptoRank.io.
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Nibiru Chain [NIBI] has announced the integration with Squid
Nibiru Chain $NIBI has integrated with Squid, a secure cross-chain router on Axelar $AXL. Through this integration, Squid will bring cross-chain swaps, staking, minting, and payments to developers and users within the Nibiru ecosystem. Previously, Nibiru conducted a $NIBI token sale on CoinList. Token sale hardcap was $6M.
Nibiru Chain is an L1 blockchain and smart contract ecosystem sporting high throughput and unparalleled security. It raised $20.5M in two funding rounds from NGC Ventures, HashKey Capital, Kraken Ventures, Tribe Capital and others. Current $NIBI price is $0.18. Current market cap is $37.9M. Current FDV is $270.3M.
🔗 nibiru.fi/blog/posts/058-squid
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Aark Digital [AARK] has launched Trading Competition with $500K as prize pool
Aark Digital $AARK rolled out a trading competition that will last until June 10th with $500K in rewards. Competitors will battle across 2 distinct categories: volume and PnL. The prize will be distributed to TOP 10 winners of each category.
Aark is currently hosting a Token Mining event for Classic Mode traders. By trading in Classic Mode, you can earn
$AARK
before the TGE
Sharpe AI [SAI] has launched cross-chain bridge powered by LІ.FІ Protocol
Sharpe AI $SAI rolls out Sharpe Bridge, a cross-chain swap platform powered by LІ.FІ Protocol. The bridge will grant users access to over 30 DEXs, chains, advanced swap routing, and unified liquidity via LІ.FІ Protocol, among other features. Previously, Sharpe AI conducted IDOs on Ape Terminal and AIT Launchpad. IDO price is $0.02. Initial market cap is $1.62M.
Moreover, Sharpe Points program which is already live on Sharpe Earn and Sharpe DEX will also be integrated into Sharpe Bridge
Top Upcoming Events of the Next Week
We compiled a list of top important upcoming events of the next week (May 27th - June 2nd) among blockchain projects, including Sei Network $SEI, Aark Digital $AARK, Elixir Games $ELIX, Stargate Finance $STG, Param Labs $PARAM, Taiko Labs $TKO, WeatherXM $WXM, and Uniswap Foundation $UNI. Stay tuned!
BounceBit [BB] joins zkLink Nova Aggregation Parade
BounceBit $BB, a $BTC restaking infrastructure, has joined the zkLink Nova Aggregation Parade. This integration will allow users to earn additional Nova Points by bridging $BBTC and $BBUSD. zkLink Nova is a Layer 3 ZK rollup network that aggregates the fragmented liquidity across Ethereum L2 rollups.
Previously, zkLink raised $18.5M in two funding rounds backed by Coinbase Ventures, Ascensive Assets, Arrington Capital, Morningstar Ventures and others. It has also conducted token sale on Coinlist, and launched Aggregation Parade – a campaign to celebrate the launch of zkLink Nova.
To join zkLink Aggregation Parade campaign, you can use our invite code - 12768C.
Liquidity staking protocol ClayStack sunsets its operations
ClayStack has announced its decision to cease protocol’s operations. Effective immediately, ClayStack has transitioned into a withdrawal-only mode. The platform has already carried out the unstaking process, and it is expected that funds will be available for collection before June 18th.
The decision comes after more than three years of continuous operation, during which the platform struggled with a lack of resources and product-market fit.
Gunzilla Gamesʼ GUNZ integrates Fireblocks for blockchain operations
Gunzilla Games’ GUNZ blockchain has integrated Fireblocks, an enterprise platform for building blockchain apps and managing digital asset operations, into its infrastructure. Through this integration, institutional holders of $GUN token and GUNZ Validator NFTs will be able to hold and manage their assets through Fireblocks platform.
Fireblocks’ enterprise non-custodial wallets-as-a-service (WaaS) will integrate with GUNZ, providing a non-custodial option for all existing and future users of GUNZ Wallet.
STEPN [GMT] has unveiled new social lifestyle app - STEPN GO [GGT]
STEPN $GMT, a major Web3 move-to-earn game created by Find Satoshi Lab, launches STEPN GO – its new social lifestyle app that will reward users for staying active, using digital sneakers. Users will be able to earn new GO GAME TOKEN $GGT when walking or running with their sneakers.
STEPN will open the Alpha Draw, allowing the community to win exclusive soul-bound sneakers
Param Labs will launch PARAM token on May 29th
Param Labs will conduct $PARAM token generation event on May 29th. $PARAM will be listed on multiple exchanges. Other details about TGE will be announced soon. Param Labs’ Gaming Points program is live. Users can earn points through completing social tasks.
Param Labs is a game studio specializing in AI and blockchain technologies. It raised $7M in a funding round backed by Animoca Brands, Delphi Ventures, Cypher Capital, P2 Ventures, Mechanism Capital, Merit Circle and others.
🔗 x.com/paramlaboratory/status/1793522896221954304
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Lympid [LYP] has launched Points Campaign ahead of TGE
Lympid $LYP has rolled out a points campaign to build community and prepare the TGE. Users can earn points for completing X (Twitter) and Telegram quests, invite referrals and by this climb the leaderboard. Moreover, Lympid launched an interest form for the upcoming IDO.
Backed by 1inch, Chainlink Build, and Fintech House, Lympid is a real-world assets (RWA) platform built for premium investment products, offering a neo-bank like app for investing in tokenized assets.
🔗 x.com/lympid_official/status/1792884823284994139
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Stripchain has raised $10M in a funding round led by Sora Ventures
Cross-chain interoperability protocol Stripchain has secured $10M in a funding round led by Sora Ventures. Other investors in the round include Hyperithm, Shima Capital, Hypersphere, Mechanism, Ascensive Assets and angels such as Santiago Santos and Stephane Gosselin.
StripChain builds a cross-chain interoperability protocol that allows developers to create commands, known as intents, to transfer data between blockchains. Using the stripVM system, facilitates communication and coordination among different protocols, enhancing the functionality and integration of decentralized applications.
🔗 cointelegraph.com/news/stripchain-raises-10-million-simplify-blockchain-user-experience
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Liquid staking protocol Lista [LISTA] will be launched on Binance Megadrop
Lista $LISTA will be rolled out on Binance Megadrop, a new token launch platform with airdrops and Web3 quests. Users can lock BNB to Locked Products and/or complete tasks in their Web3 wallet for early access to rewards from selected Web3 projects before their tokens are listed on Binance.
100M $LISTA (10% of total token supply) will be offered on Megadrop. Initial circulating supply is 230M $LISTA (23% of token supply).