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Ethereum Layer 2 developer StarkWare is raising funds at a $6 billion valuation: report

Ethereum Layer 2 developer StarkWare is raising funds at a $6 billion valuation: report

StarkWare is reportedly raising at least $100 million in a funding round that’s yet to close.

The post Ethereum Layer 2 developer StarkWare is raising funds at a $6 billion valuation: report appeared first on The Block.

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Layer by Layer Issue 23: Solana, NEAR, and Polkadot

Quick Take

  • In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding
  • Within L1 ecosystems with significant TVL, DeFi protocols continue to face the challenge of attracting and directing liquidity within their ecosystems
  • As cross-chain infrastructure continues to be optimized, DeFi products like stablecoins and liquid-staked tokens may offer a chance for newly launched blockchains with smaller ecosystems to promote user activity and boost their connectivity with other networks
  • This week, we take a look at Solana, NEAR, and Polkadot

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Pension fund leads $276 million investment in loan platform Lendable

Consumer loan platform Lendable secures $276 million in a round that values it at $4.6 billion.

The post Pension fund leads $276 million investment in loan platform Lendable appeared first on The Block.

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Bain Capital Crypto execs explain why they’re setting their sights on DAO services

Bain Capital’s new crypto team is eyeing opportunities in the fast-growing market of decentralized autonomous organizations, backed by a $560 million fund.

The post Bain Capital Crypto execs explain why they’re setting their sights on DAO services appeared first on The Block.

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Yoon Suk-yeol, who pledged to deregulate South Korea’s crypto sector, wins presidential election

Yoon Suk-yeol, a conservative South Korean presidential candidate, has prevailed in that country’s national election.

The post Yoon Suk-yeol, who pledged to deregulate South Korea’s crypto sector, wins presidential election appeared first on The Block.

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Spartan Group announces $200 million metaverse fund with an emphasis on ‘digital ownership’

The Block’s Frank Chaparro chats with Jason Choi, general partner at Spartan Group and host of Blockcrunch.

The post Spartan Group announces $200 million metaverse fund with an emphasis on ‘digital ownership’ appeared first on The Block.

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Monthly web traffic to crypto exchanges fell by 20% in February

Web traffic across cryptocurrency exchanges decreased by 20.6% month-over-month in February, according to data from SimilarWeb.

The post Monthly web traffic to crypto exchanges fell by 20% in February appeared first on The Block.

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FTX floats institutional business, recruits former Coinbase executive

The exchange has launched a new business line called FTX Access tasked with offering services to institutional-grade clients.

The post FTX floats institutional business, recruits former Coinbase executive appeared first on The Block.

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White House releases text of Biden’s crypto-focused executive order

Over the course of the next four months government agencies will feed back on what the government sees as the key issues surrounding the space. 

The post White House releases text of Biden’s crypto-focused executive order appeared first on The Block.

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BitMEX co-founder Samuel Reed pleads guilty to Bank Secrecy Act violation

BitMEX co-founder Samuel Reed has pleaded guilty to violating the US Bank Secrecy Act, according to the Department of Justice.

The post BitMEX co-founder Samuel Reed pleads guilty to Bank Secrecy Act violation appeared first on The Block.

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