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Web3 Studio Sortium Raises $7.8M in Seed Round
Crypto hedge fund Arca was among the participants in the funding round.
Inside Bonk Inu: How 22 Developers Put the Shiba Inu Fun Into Solana and Away From FTX
Distraught, disgusted, and jaded: Solana’s popularity took a hit when reports of possible fraud at Sam Bankman-Fried’s then-behemoth crypto exchange FTX first came to light. But developers found a way to jump-start activity.
Cosmos-Based DeFi Protocol Quasar Raises $5.4M
Venture capital firm Shima Capital led the round at a $70 million valuation.
Ethereum Software Firm ConsenSys to Cut Upwards of 100 Staff
CoinDesk estimates nearly 27,000 jobs have been lost across the crypto industry since April, based on media reports and press releases.
Hong Kong Firm With Ties to Bitmain Reorganizes to Focus on Crypto Asset Management and Hedging
Newly named Metalpha has its work cut out for it, hedging an uncertain market for institutional clients.
Crypto Lender Genesis Lays Off 30% More of Its Staff
The job cuts come a day after the company said it would be “reducing costs and driving efficiencies” amid a challenging environment for crypto companies.
Bitcoin Miner Argo Blockchain Will Avoid Bankruptcy With $100M Bailout From Novogratz’s Galaxy Digital
Galaxy will buy Argo's Helios facility for $65 million and provide $35 million loan to help the miner amid restructuring.
Crypto Funding Plunged in 2022, but VC Head Sees Areas of Opportunity for 2023
CoinFund’s David Pakman talks FTX, DeFi and the way forward.
Tron’s Justin Sun Was Secret Top Client of Crypto Asset Manager Valkyrie
A private financial document reviewed by CoinDesk shows that Sun, one of the richest figures in crypto, was responsible for the vast majority of a key Valkyrie division’s assets under management.
Polygon Founder Unveils Web3 Accelerator Beacon
The accelerator aims to connect founders with potential investors.
