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Crypto-AI startup GAIB raises $5 million in pre-seed funding

GAIB, a crypto-AI startup, raised $5 million to tokenize GPUs, opening AI computing access and launching soon across multiple blockchains, aiming to democratize the GPU economy.

theblock.co • 03/12/2024 - 17:00 PM

Privacy-focused Cosmos Layer 1 Namada initiates mainnet launch and token airdrop

Namada has launched its mainnet, featuring a multi-asset shielded pool for privacy and community-driven governance, alongside a community airdrop of NAM tokens.

theblock.co • 03/12/2024 - 15:13 PM

Safe rolls out 'Safenet' to unify liquidity and user interactions across blockchains

Safe has launched Safenet, a transaction processor network for managing cross-chain assets, addressing DeFi challenges like liquidity fragmentation and enhancing transaction security and speed.

theblock.co • 03/12/2024 - 14:00 PM

Pump.fun reaches monthly revenue peak with $93 million in November, rakes in cumulative revenue of $240 million

Pump.fun experienced significant revenue growth, surpassing $93 million in November, driven by renewed investor interest and impressive gains among memecoins launched on the platform.

theblock.co • 03/12/2024 - 13:55 PM

Sonic Labs says its Layer 1 blockchain will 'go public' soon after taking a snapshot for the S token airdrop

Sonic Labs' new Layer 1 blockchain has achieved its first block and plans to launch publicly soon, aiming for high performance with Ethereum integration.

theblock.co • 02/12/2024 - 21:40 PM

The Funding: Why ICOs are being revived

This is an excerpt from the 16th edition of The Funding sent to our subscribers on Dec. 1. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.

theblock.co • 01/12/2024 - 16:01 PM

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Memecoin momentum fades as DeFi tokens soar, price data suggests

GMCI’s price indices show that the top memecoins have lost their upward momentum, while DeFi tokens show stronger growth. Market participants may be shifting back to tokens with fundamentals, one analyst said.

theblock.co • 29/11/2024 - 04:59 AM

The Daily: Hyperliquid set for HYPE token launch, MARA purchases $615 million in bitcoin and more

Decentralized perpetual trading platform and Layer 1 chain Hyperliquid is set to launch its HYPE token on Friday during a genesis event at 2:30 a.m. ET. Bitcoin miner MARA has acquired another 6,474 BTC, valued at around $615 million, boosting its total holdings to 34,794 BTC worth $3.3 billion — the largest of all public miners. Defunct centralized crypto lender Celsius is distributing $127 million in cash or cryptocurrency to creditors in its second bankruptcy payout. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 28/11/2024 - 15:16 PM

Avant, Ethena-like DeFi protocol, raises $6.5 million in seed funding

Avant Protocol has raised $6.5 million in a seed funding round at a $25 million valuation. Avant is an Avalanche-based crypto yield protocol that offers a yield-bearing ‘stable-value’ token similar to the popular Ethena.

theblock.co • 27/11/2024 - 18:55 PM

WalletConnect launches first airdrop season with 50 million tokens allocated to community members

WalletConnect rolled out the eligibility checker for the first season of its airdrop, allowing users to stake tokens for governance. During the first season of the airdrop, 50 million tokens have been allocated for distribution to over 160,000 eligible users. The tokens are initially non-transferable, but users can stake them for periods ranging from one week to two years, with staking rewards starting on Dec. 19.

theblock.co • 27/11/2024 - 06:24 AM

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