Funding Rounds
Taproot Wizards, which describes itself as "magic internet JPEGs", offers a collection of Microsoft Paint images of wizards harking back to a 2013 bitcoin meme: "magic internet money."
The new capital will help develop the SUAVE decentralized platform for maximal extractable value (MEV).
The protocol was built on the architecture of LayerZero, which raised $120 million at a $3 billion valuation earlier this year.
The cryptographic development project, p0x, received a valuation of $500 million.
The startup creates developer tooling that helps build zero-proof software for improved security and computational power.
Futureverse formed out of the merger of eight companies in late 2022, with three more assimilated subsequently.
The Portugal-based startup also plans to launch a bond token built on the stablecoin platform in the third quarter of 2023.
The capital will help Xterio add more games and artificial intelligence integrations to its platform.
The social media analytics platform is expanding from a digital asset trading focus to allow users to search for any topic.
Ethereal Ventures and Variant co-led the round for Alluvial, creator of the enterprise and institution-focused Liquid Collective.
- 04:16Sui Network TVL Reaches $2.09 Billion, Setting a New RecordAccording to DefiLlama data, the Sui network's TVL reached $2.09 billion, setting a new all-time high, with the previous peak being $2.083 billion in January this year. The network's TVL increased by 22.4% over the past week, with the top three protocols being Suilend Protocol, NAVI Protocol, and Cetus.
- 04:15Overview of Important Developments on May 11th at Noon1. The Chairman of the US SEC will deliver a speech on asset tokenization on the 12th 2. Forbes: Despite being controversial, meme coins can still promote healthier development of the crypto market 3. Abraxas Capital continues to accumulate ETH, withdrawing 185,309 ETH from CEX in the past 3 days 4. Ethereum's market value surpasses $300 billion, ranking 39th among global assets, ahead of Coca-Cola and Alibaba 5. Former UFC champion Conor McGregor proposes establishing an Irish Bitcoin reserve, focusing on crypto policies during his presidential campaign
- 04:15Trump: Will Significantly Increase Trade with India and PakistanU.S. President Trump stated that trade with India and Pakistan will be significantly increased.