5º Blockchain & cripto - 8th July
Analyst Report:
- PitchBook: global crypto startup funding was $2.34B across 382 deals in Q2 2023, down for the fifth straight quarter; valuations fell nearly 70% YoY in H1 2023 (Jacquelyn Melinek / TechCrunch)
News
- London-based Revolut plans to stop offering Solana, Polygon, and Cardano for US customers on Sept. 18, after its provider Bakkt decided to delist the tokens (Yueqi Yang / Bloomberg) (🔐)
- BlackRock has refiled its spot bitcoin ETF application with SEC through Nasdaq and listed Coinbase as market surveillance provider to address SEC's objections (Bloomberg) (🔐)
- Sources: the FBI searched Kraken co-founder Jesse Powell's home in March 2023, as part of US prosecutors' probe into claims he hacked a nonprofit he founded (New York Times) (🔐)
- Sources: CFTC investigators concluded that bankrupt crypto lender Celsius Network misled investors and that its former CEO, Alex Mashinsky, also broke US rules (Bloomberg) (🔐)
- A test by the New York Fed and big banks on a private blockchain finds tokenized deposits can improve wholesale payments without “insuperable legal impediments” (Bloomberg) (🔐)
Startups raising funds
- One Trading, a digital asset exchange, spun out from Bitpanda and raised €30m in Series A funding led by Valar Ventures. Link
- AlloyX, a DeFi protocol project, raised $2m in pre-seed funding led by Hack VC. Link
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