With Genesis Capital fully deployed, the protocol looks to shift from governance-determined capital outflows to rules-bound expenses capped at a fixed percentage of revenue.
The post Under 30 Alum’s 3D Model Startup Hits Unicorn Status Amid AI Frenzy appeared on BitcoinEthereumNews.com.
Simon Song, founder of VAST. Fang Yan for Forbes Asia VAST, a Chinese AI model developer founded by 29-year-old gaming enthusiast Simon Song, has become a unicorn startup after raising about $200 million in fresh funding from over a dozen investors including INCE Capital, Genesis Capital and Primavera Capital Group. The company announced its Series A+ and Series A++ financing on Monday. It has reached a valuation of at least $1 billion, according to two people with knowledge of the deal. One of the people said the startup is now valued at about $1.5 billion. A VAST spokesperson declined to comment on the company’s valuation. The fresh financing comes just three months after its Series A round in March, when the startup raised $50 million at an undisclosed valuation from investors led by Alibaba and private equity firm Hengxu Capital. VAST was founded in 2023 by Song, who ma
A clear overview of Radiant, the cross-chain lending protocol, covering purpose, token mechanics, ecosystem fit, and risks.
The post Radiant Explained: Cross-Chain Lending And Token Overview appeared first on BiteMyCoin.
Gravity Bridge halted operations after a $5.4 million hack. Security teams are tracing funds while investigating a suspected key compromise. A major security incident has hit Gravity Bridge, a decentralized blockchain that connects the Ethereum and Cosmos networks. The protocol reportedly lost approximately $5.4 million worth of digital assets in a hack. This led to […]
The post Gravity Bridge Pauses Operations After $5.4M Hack appeared first on Live Bitcoin News.
Clear overview of Paraswap: what it is, the PSP token utility, how it routes liquidity, ecosystem integrations, risks, and practical takeaways.
The post Paraswap Explained: Token, Protocol, And Ecosystem Overview appeared first on BiteMyCoin.
The post SKY whale moves 137 mln tokens: Is a sell-off coming as price struggles near $0.060? appeared on BitcoinEthereumNews.com.
With the SKY market remaining relatively calm, long-term holders have begun to reposition. According to Arkham data, an address linked to dragonfly_xyz transferred 137 million SKY, worth $9.05 million, to Coinbase. These tokens were purchased from Binance five years ago, valued at approximately $20.45 million. Source: Arkham Since then, SKY has faced extreme downward pressure. Now, these tokens have lost over $11.4 million in value. The token transfer to exchanges could either mean preparation to sell or liquidity exposure. If sold, the sale would result not only in $11 million in losses for the holder but also cause significant market pressure on SKY. SKY remains highly bearish In addition to this major market transfer, most of the SKY market participants remain skeptical. On Binance, for example, sellers have dominated the market over the past month. So
Clear overview of Moneyswap: what it is, token utility, ecosystem fit, and key risks for DeFi users considering swaps or liquidity provision.
The post Moneyswap Token And Protocol Overview: What It Solves appeared first on BiteMyCoin.
The post Anchorage Digital Backs Solstice as SLX Token Gains Institutional Support appeared on BitcoinEthereumNews.com.
Key Takeaways Anchorage Digital invested in SLX, joining 20+ institutions backing Solstice. Solstice’s TVL topped $400M, highlighting demand for auditable onchain yield. Solstice and Anchorage may expand institutional solana adoption through USDG ties. Solstice Attracts Anchorage Digital Investment After $400M TVL Milestone Anchorage Digital has taken a strategic investment position in SLX, the native token of Solstice Finance, deepening its ties to one of Solana’s institutional yield platforms. Solstice announced the investment on May 28, following the protocol’s recent token generation event. Anchorage Digital now joins more than 20 institutions engaged with Solstice products, including Bullish, Bitcoin Suisse AG, Fasanara Capital, and RockawayX. The move is notable because Anchorage Digital is a federally regulated crypto platform serving institutional clients acro
An objective overview of Level Finance: what it is, the problem it tries to solve, token mechanics, ecosystem fit, and key risks.
The post Level Finance Overview: How the Protocol and Token Work appeared first on BiteMyCoin.
