Binance Labs-backed zkPass has raised $12.5M in a Series A funding round
zkPass has secured $12.5M in a Series A funding round at a $100M valuation. Investors in the round included dao5, Animoca Brands, Flow Traders, Amber Group, IOBC Capital, Signum Capital, MH Ventures and WAGMI Ventures. Recently, zkPass has been chosen for first batch of projects in the BNB Chain Airdrop Alliance Program.
zkPass is a zero-knowledge proof-based data verification protocol that allows users to prove information without sharing the actual data, such as identity or financial records. Previously, it raised $2.5M in a seed funding round backed by Binance Labs, Sequoia China, OKX Ventures, dao5, Cypher Capital, and others.
🔗 theblock.co/post/321723/zkpass-funding-token-valuation
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Yellow Card has raised $33M in a Series C funding round led by Blockchain Capital
Yellow Card, the first licensed stablecoin on/off ramp on the African continent, has secured $33M in a Series C funding round led by Blockchain Capital. Other investors in the round include Polychain Capital, Third Prime Ventures, Castle Island Ventures, Galaxy Ventures, Blockchain Coinvestors, Hutt Capital, and Winklevoss Capital.
Yellow Card provides secure and cost-effective methods to buy and sell USDT, USDC, and PYUSD via users' local currency directly, and through payments API. Previously, it raised three funding rounds backed by Coinbase Ventures, Fabric Ventures, Polychain Capital and others.
🔗 yellowcard.io/blog/yellow-card-closes-us33m-series-c-funding-round
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Plume has made $100M worth of solar assets available in partnership with Projective
Plume Network has made $100M worth of solar assets available to users who want to earn yield. The deployment of the solar assets comes as a result of a partnership with Projective Finance. Plume Network said last month that it plans to have about $1.25B of real-world assets tokenized by the Q4 of 2024.
To join Testnet campaign, you can use our invite link - TOPPP
Radiant Capital [RDNT] is hacked - around $51M in assets stolen
Omnichain money market Radiant Capital $RDNT has been hacked, according to Ancilia. The attack began on Radiant’s Ethereum Layer 2 Arbitrum instance and then moved onto BNB Chain, Arkham data shows. The suspected exploiter’s wallet holds over $32M worth of Arbitrum-based assets and around $18M worth of tokens on BNB Chain.
Earlier this year, Radiant Capital lost around 1900 $ETH, worth $4.5M, in a flash loan attack. Current $RDNT price is $0.075. Current FDV is $112M.
🔗 theblock.co/post/321606/radiant-capital-appears-to-suffer-51-million-exploit-on-its-bnb-chain-and-arbitrum-instances
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TON will leverage Axelar’s Mobius development stack as its preferred interoperability solution
TON Foundation $TON has selected Axelar $AXL’s Mobius development stack as its preferred interoperability solution — aiming to boost The Open Network's connectivity with other chains. TON developers plan to deploy MDS to enable asset transfers between TON and other blockchains and to support the development of cross-chain decentralized apps.
The integration also aims to prevent fragmented liquidity, ensure that assets are not isolated on different chains, and reduce user confusion by providing a unified cross-chain experience. Solutions like Axelar's Interchain Token Service will support this unified experience.
🔗 theblock.co/post/321427/ton-blockchain-taps-axelar-for-interoperability-push
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Sophon [SOPH] has announced a partnership with CARV [CARV]
Sophon has partnered with CARV $CARV, a data layer platform allowing Web3 gaming and AI companies to control and monetize their data. Through this partnership, CARV’s advanced identity solutions will be integrated into Sophon’s high-throughput platform. Recently, Sophon announced the launch of the mainnet in November.
Sophon has collected over 20.8K $WETH (worth about $54.8M at current rate) via node sale on Impossible Finance, with 123.5K nodes (62%) sold. By running a node on Sophon, users will be eligible to earn a share of up to 20% of $SOPH token emissions over 3 years. Node holders may receive potential airdrops from ecosystem participants.
Bitnomial has raised $25M in a Series C funding round led by Ripple Labs
Bitnomial, a crypto derivatives exchange, has raised $25M in a funding round led by Ripple Labs and also launched a perpetual futures trading platform in the United States. The new platform, dubbed Botanical and currently in a closed beta, will give investors a way to trade perpetual futures, traditional futures and options. The crypto derivatives firm will "leverage" Ripple's RLUSD stablecoin for the settlement of the perpetual futures.
🔗 theblock.co/post/321189/ripple-leads-25-million-round-in-bitnomial-as-the-derivatives-exchange-launches-futures-trading-platform-in-us
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Opacity Labs has raised $12M in a Seed funding round backed by a16z CSX
Opacity has secured $12M in a seed funding round co-led by Archetype and Breyer Capital. Other investors in the round include a16z CSX, Finality Capital Partners, Bodhi Ventures and EV3. Opacity is a data verification network that utilizes zero-knowledge proofs, allowing users to prove information without disclosing the underlying details.
🔗 theblock.co/post/321160/opacity-network-funding-zk-data-verification
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Azra Games has raised $42.7M in a funding round led by Pantera Capital
Azra Games has secured $42.7M in a funding round led by Pantera Capital. Other investors in the round include a16z crypto, a16z GAMES, and NFX. The funding will be instrumental in accelerating the growth of Azra Games and advancing its various projects that are currently in development, including its flagship ground-breaking game, currently code-named Project Legends.
Azra Games is a blockchain-based developer of collectable combat role-playing games. Previously, it raised $25.6M in two funding rounds backed by a16z, Franklin Templeton, Play Ventures and Coinbase Ventures.
🔗 venturebeat.com/games/azra-games-raises-42-7m-for-next-generation-mobile-rpg-with-web3-features
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Top Exchanges by Liquidations in last 7 days
The vast majority of the casualties were long positions last days, with more than $1.03B liquidated in total. Let’s take a look at the top exchanges by liquidations of longs and shorts within last week, according to Coinglass.com.
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Hyperliquid has introduced HYPE token alongside with Genesis Airdrop Event
Hyperliquid has unveiled the native token HYPE for HyperBFT proof-of-stake consensus and HyperEVM. Users have until November 11th to sign up for the genesis distribution. Moreover, with the launch of HyperEVM, any application built on Hyperliquid will have access to this deep liquidity and other native financial primitives.
Hyperliquid is a decentralized perpetual exchange with a TVL of $743M built on its high-performance Layer 1 blockchain. It enables fast, low-cost trading of perpetual futures with full on-chain transparency and performance comparable to CEX.
🔗 x.com/HyperFND/status/1845851735363027270
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Binance Labs-backed Solv Protocol has raised $11M in a funding round
Bitcoin $BTC staking platform Solv Protocol has secured $11M in a funding round at a $200M valuation. Investors in the round include Laser Digital, Blockchain Capital, Gumi Cryptos Capital, OKX Ventures, and CMT Digital.
Solv Protocol's SolvBTC product has more than 20K $BTC staked (worth $1.24B) deployed across 10 major blockchain networks. Previously, Solv Protocol raised $14M in several funding rounds backed by Binance Labs, Sfermion, Shima Capital, Spartan Group, Mirana Ventures and others.
🔗 x.com/SolvProtocol/status/1845799371318976853
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Avalanche Foundation will repurchase 1.97M AVAX tokens sold to Terra's LFG in 2022 deal
Avalanche Foundation has reached a deal to repurchase 1.97M $AVAX tokens sold to the Luna Foundation Guard, an organization that supported the since-collapsed Terra ecosystem, in a $100M April 2022 deal. While the Foundation didn't include the financial terms of the deal in its announcement, the current value of 1.97M Avalanche tokens is about $56M at the list price.
The agreement will be enacted pending approval from the bankruptcy court in charge of Terraform Labs' estate. Current $AVAX price is $29.2. Current FDV is $21B.
🔗 theblock.co/post/320833/avalanche-foundation-to-repurchase-tokens-sold-to-terras-lfg-in-2022-deal-pending-court-approval
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Movement Labs in partnership with Gate Ventures and Boon Ventures to launch a $20M fund
Movement Labs has announced Gate Ventures and Boon Ventures are launching a $20M fund for Move-based blockchain innovation. The fund targets the development of Move-based protocols, especially projects bridging the Move network with Ethereum-compatible applications. Investments will go toward DeFi projects working on security, GameFi with in-game asset transactions and NFT management, as well as interoperability solutions for data and asset transfers between Move and EVM ecosystems.
Previously, Movement Labs claimed the testnet has already attracted $160M in committed total value locked ahead of its mainnet deployment, scheduled for later this year.
Top 7 Projects in Testnet Phase with a Potential Airdrop [Part 1]
There are active discussions about projects which have a high chance of launching their own token and rewarding testnet users through an airdrop, like EigenLayer, Aleo, BounceBit, Avail, Blast, Scroll, and others did. Here are seven projects which are currently in the testnet phase, that may allocate airdrops for early adopters: Berachain, Movement, Story, Fuel Network, Sonic, Hemi and Plume.
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Ta-da [TADA] has conducted a listing on MEXC
Ta-da $TADA has been listed on MEXC today, on October 17th. Previously, Ta-da $TADA entered Phase 2, where its focus shifted to scaling up user base, stress-testing data models, and advancing the platform to meet the evolving standards of the AI industry. Current $TADA price is $0.028. Current FDV is $28.5M.
Ta-da, incubated by Morningstar Ventures, is a talk-to-earn Web3 app that connects businesses that need datasets for AI training with individuals who could earn tokens by recording and checking voice data. It has raised $3.5M in two funding rounds backed by Morningstar Ventures, MultiversX Foundation, Spark Digital Capital and others.
🔗 x.com/Ta_da_io/status/1846868995997303221
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Stablecoin Protocol Mento has raised $10M in a funding round
Mento Labs, the development team behind Mento, has secured $10M in a funding round. Investors in the round include T-Capital, HashKey Capital, Richard Parsons, Flori Ventures, No Limit Holdings, Verda Ventures, w3fund and others. Mento is a leading decentralized EVM platform for launching and operating stable assets on Celo $CELO.
🔗 mentolabs.xyz/blog/mento-labs-fundraise
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XION launches Chain Abstraction for Union
XION integrates with Union, bringing Chain Abstraction to any L1 and L2 via one of the first modular zero-knowledge interoperability layers that unify and scale thousands of protocols. This integration will bring XION’s user-friendly functionality to the Union network’s growing interconnected chains, tackling Web3 fragmentation and distribution hurdles.
XION, built by Burnt, is an L1 chain that is purpose-built for consumer adoption. Burnt has raised $36M in three funding rounds (last at a $500M valuation) backed by Multicoin Capital, Animoca Brands, Morningstar Ventures, Sfermion, HashKey Capital, Arrington Capital, Circle Ventures, GoldenTree and others.
🔗 xion.burnt.com/blog/xion-union-chain-abstraction-integration
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Binance Labs invests in Bitcoin restaking platform - Lombard
Binance Labs has invested in Lombard, the developer and distributor of LBTC, a security-first Bitcoin LST that allows both individual holders and large institutions to earn a yield on their Bitcoin while leveraging their assets in DeFi. Through its collaboration with Babylon, Lombard aims to bridge the gap between Bitcoin's economic value, security capabilities, and the dynamic opportunities within DeFi.
Since its launch in August, Lombard has grown to hold 40% of the Bitcoin LST market, with a TVL of over $500M from over 12,500 users. Previously, Lombard has secured $16M in a seed funding round backed by Polychain Capital, Babylon, dao5, Franklin Templeton, Foresight Ventures, and others.
🔗 binance.com/en/blog/ecosystem/binance-labs-invests-in-lombard-to-connect-bitcoin-to-defi-4826217132625427247
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Fuel Network has launched Mainnet of its optimistic rollup network - Ignition
Fuel Labs has rolled out the mainnet of its flagship optimistic rollup network, Ignition — aiming to address challenges in current Ethereum rollup designs. The FuelVM is explicitly built for blockchain execution, offering performance tailored to scale decentralized applications. According to Fuel Labs, Ignition can handle over 21,000 transactions per second per core.
Fuel Network builds the fastest execution layer for the modular blockchain stack that delivers maximum security and the highest throughput for dApps and is written in Sway language. It raised $81.5M in two funding rounds backed by Blockchain Capital, Stratos Technologies, Spartan Group, CoinFund and others.
🔗 theblock.co/post/321365/fuel-labs-debuts-ignition-rollup-network-with-focus-on-parallellization-utxo-based-model
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Top Blockchains by Commits and Development Activity in last 7 days
Let’s compare the top blockchains by GitHub commits and active developers in last 7 days, according to artemis.xyz, in order to evaluate their current development activity.
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Predicate has raised $7M in a funding round backed by Consensys
Predicate, a new startup founded by two alumni of the blockchain Celo, has secured $7M in a funding round. Investors in the round include 1kx, Consensys, Hashkey, Tribe Capital, Figment Capital, Reciprocal Ventures, Everstake, Cyber Fund, Near Foundation, White Star Capital, GSR and others.
Predicate allows developers and communities to define and own transaction prerequisites without compromising decentralization. it will offer a white glove service integration with new clients that it onboards, charging a transaction fee.
🔗 x.com/0xPredicate/status/1846206666695491994
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Top 10 Lending Protocols by Total Value Locked
The total value of assets locked in DeFi lending protocols is around $32B, according to DefiLlama.com. Let’s compare the Top lending protocols by current TVL in USD, in order to evaluate their adoption scale.
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Blockstream has raised $210M to drive Layer 2 growth and expand its Bitcoin treasury
Blockstream has raised $210M in a convertible note financing round led by Fulgur Ventures. The firm will use the funding to accelerate market adoption of its Layer 2 technologies, expand its mining business and boost its Bitcoin $BTC treasury. Blockstream’s Layer 2 solutions include the Liquid Network, a federated Bitcoin sidechain that can deploy multiple types of tokenized assets, and Core Lightning, an implementation of the Lightning Network designed to enable faster and cheaper bitcoin transactions.
Last month, Blockstream also launched Series 3 of its own BMN2 security token, which provides direct exposure to the firm’s Bitcoin hash rate.
🔗 theblock.co/post/321074/blockstream-funding-layer-2-mining-bitcoin-treasury
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Base has become Ethereum’s largest L2 in terms of TVL, with $2.49B in total deposits
Base, a Layer 2 Ethereum network developed by Coinbase, has now become the largest rollup in terms of total value locked. Base has a TVL of $2.49B distributed across 366 protocols, slightly surpassing Arbitrum’s TVL of $2.39B. A large portion of Base’s TVL comes from Aerodrome, which accounts for over $1.3B in deposits.
Moreover, Base now ranks among the top five blockchain networks in terms of TVL, positioned just behind Layer 1 chains such as Ethereum $ETH, Tron $TRX, Solana $SOL, and BNB Chain $BNB.
🔗 theblock.co/post/321011/base-becomes-largest-ethereum-rollup-by-total-value-locked-surpassing-arbitrum
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QORPO World [QORPO] has announced a partnership with Me3
QORPO World $QORPO teams up with Me3, a rewards-driven gamification hub. Through this partnership, QORPO WORLD will support Gatcha Galaxy with Citizen Conflict loot boxes added to the campaign.
QORPO World is a Web3 gaming studio behind Citizen Conflict and AneeMate shooters. Current $QORPO price is $0.12. Current market cap is $10.5M. Current FDV is $89.6M.
🔗 x.com/QORPOworld/status/1845745411560018403
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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 $AXS, $ARB, $EIGEN, $STRK, $ZKJ, $APE and $KARRAT according to CryptoRank.io.
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Puffer Finance will conduct initial listing on multiple exchanges today, on October 14th
Puffer Finance will be listed on KuCoin, Bybit, Bitget, MEXC, Gate, HTX, BingX, and Bitmart, today, on October 14th, at 12:00 UTC. The initial circulating supply is 102.3M $PUFFER (10.23% of total supply). A total of 75M $PUFFER, or 7.5% of total supply is allocated for season one airdrop. Another 5.5% of total supply is allocated for season two airdrop.
Users will be available to claim their tokens at 11:00 UTC here 👉 claims.puffer.fi
KIP Protocol [KIP] has launched Genesis Pass NFT collection
KIP Protocol $KIP has rolled out the Genesis Pass collection with 3,888 NFTs in total supply. The collection is divided into 3 tiers: uncommon (2,350), rare (1,300), and legendary (238). Holders will be eligible for $KIP airdrop at TGE, partner airdrops, a booster for Uprising V2, including Staking and Yield Programs, and a standalone rewards program for Genesis Passes.
KIP Protocol is an open-source Web3 framework designed to facilitate the creation, management and monetization of decentralized knowledge assets for AI applications. It has raised $5M in a funding round backed by Animoca Ventures, Tribe Capital, GBV Capital, Morningstar Ventures, DWF Ventures, and ZBS Capital.
🔗 x.com/KIPprotocol/status/1845104734165926351
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Top Upcoming Events of the Next Week
We compiled a list of top important upcoming events of the next week (Oct 14th - Oct 20th), including Puffer Finance $PUFFER, Axie Infinity $AXS, deBridge $DBR, Dusk Network $DUSK, EigenLayer $EIGEN, Starknet $STRK, Lumia $ORN → $LUMI, Guild of Guardians $GOG, bitSmiley $SMILE, Arbitrum $ARB, Apeiron $APRS, WalletConnect $WCT, and Polyhedra $ZKJ. Stay tuned!
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