Privado ID Merges with Verifiable Data and Reputation Management Platform Disco

The merger aims to accelerate the development of a unified chain-agnostic digital identity infrastructure bridging Web2 and Web3.

https://www.nftgators.com/privado-id-merges-with-verifiable-data-and-reputation-management-platform-disco/

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Flare Chain’s TVL Hits $16M Record Following 100% Monthly Gain

Following a 100% surge since the beginning of August, Flare TVL has reached an all-time high of $16.3 million.

https://www.nftgators.com/flare-chains-tvl-hits-16m-record-following-100-monthly-gain/

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Sei-Based Jellyverse DEX Surges 200% in One Month to Record $13M TVL

Jellyverse DEX has seen its TVL triple in the last month, hitting a new high of $13.2 million as the Sei blockchain surpasses $150 million in TVL.

https://www.nftgators.com/sei-based-jellyverse-dex-surges-200-in-one-month-to-record-13m-tvl/

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Commerzbank and Crypto Finance Team Up to Offer Digital Assets Trading Services

The German banking institution will provide custody services while Crypto Finance will enable the trading of digital assets.

https://www.nftgators.com/commerzbank-and-crypto-finance-team-up-to-offer-digital-assets-trading-services/

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Drift Bags $25M Series B to Build the ‘Robinhood of Crypto’ on Solana

The company plans to use the funds to build financial tools for spot and derivatives trading and predictions market.

https://www.nftgators.com/drift-bags-25m-series-b-to-build-the-robinhood-of-crypto-on-solana/

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Starknet Lending Protocol Vesu Reaches $10M TVL Milestone

Starknet-based decentralized lending protocol Vesu crosses $10 million in TVL.

https://www.nftgators.com/starknet-lending-protocol-vesu-reaches-10m-tvl-milestone/

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Portal Bridge Crosses $3B in TVL for First Time in 2+ Years

Portal bridge’s TVL surpassed $3 billion, the highest level in over two years.

https://www.nftgators.com/portal-bridge-crosses-3b-in-tvl-for-first-time-in-2-years/

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Celestia Foundation Reveals $100M Fundraising Led by Bain Capital Crypto

The fundraising brings the total raised to $155 million following a $55 million Series A round announced in October 2022.

https://www.nftgators.com/celestia-foundation-reveals-100m-fundraising-led-by-bain-capital-crypto/

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TrueCoin and TrustToken Agree Settlement with SEC Over Allegations Involving TrueUSD

The US securities regulator charged the two companies for their “fraudulent and unregistered sales of investment contracts involving TrueUSD (TUSD).”

https://www.nftgators.com/truecoin-and-trusttoken-agree-settlement-with-sec-over-allegations-involving-trueusd/

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Integrated Multi-Wallet API Daylight Secures $6M Seed Round

Union Square Ventures and 1kx co-led the round with participation from Framework Ventures and Chapter One.

https://www.nftgators.com/integrated-multi-wallet-api-daylight-secures-6m-seed-round/

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Initia Secures $14M Series A Round for Its L1 and Interwoven System of L2s

Theory Ventures led the round with participation from Delphi Ventures and Hack VC.

https://www.nftgators.com/initia-secures-14m-series-a-round-for-its-l1-and-interwoven-system-of-l2s/

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Visa Advances Web3 Strategy with Institutional Grade Platform for Testing Tokenised Assets

The new platform allows financial institutions to issue tokens pegged to fiat currency and test out their use cases.

https://www.nftgators.com/visa-advances-web3-strategy-with-institutional-grade-platform-for-testing-tokenised-assets/

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PayPal Introduces Buy, Hold and Sell Crypto Functions for U.S. Business Accounts

PayPal is also enabling U.S. merchants to transfer cryptocurrency on-chain to third-party eligible wallets externally.

https://www.nftgators.com/paypal-introduces-buy-hold-and-sell-crypto-functions-for-u-s-business-accounts/

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Guggenheim Advances Crypto Strategy with $20M of Tokenised Commercial Paper

The global investment manager previously had 10% exposure to the former Grayscale Bitcoin Trust, later converted into Spot Bitcoin ETF.

https://www.nftgators.com/guggenheim-advances-crypto-strategy-with-20m-of-tokenised-commercial-paper/

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Mawari Network Secures $10.8M Funding to Build DePIN Project on Solana

The funding round was led by Anfield Ltd, Borderless Capital and 1kx, with participation from Animoca Brands Japan, Draper Dragon, Samsung Next and others.

https://www.nftgators.com/mawari-network-secures-10-8m-funding-to-build-depin-project-on-solana/

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Kin Tokenises $100M in Real Estate Trust Deeds on RWA-Focused Blockchain Chintai

The firm is initially offering a $5 million tranche with more offerings planned for the remainder of 2024 and early 2025.

https://www.nftgators.com/kin-tokenises-100m-in-real-estate-trust-deeds-on-rwa-focused-blockchain-chintai/

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The EU’s Position in Crypto Grows Stronger as More Companies Expand Into the Region

Robinhood has launched crypto transfers in Europe, while Matrixport announced the acquisition of Swiss crypto assets manager, Crypto Finance.

https://www.nftgators.com/the-eus-position-in-crypto-grows-stronger-as-more-companies-expand-into-the-region/

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Franklin Templeton Expands Tokenised RWA Money Fund to Aptos Blockchain

The OnChain U.S. Government Money Fund (FOBXX) launches with over $20 million in subscriptions on Aptos according to information shared with NFTgators.

https://www.nftgators.com/franklin-templeton-expands-tokenised-rwa-money-fund-to-aptos-blockchain/

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Cetus DEX Hits Record $183M TVL, Fueling Sui’s Rapid Growth

Cetus DEX has set a new record with $183 million in TVL, contributing to Sui’s DeFi growth.

https://www.nftgators.com/cetus-dex-hits-record-183m-tvl-fueling-suis-rapid-growth/

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Binance Backs ZKSync’s Layer-2 Network Sophon in an Undisclosed Token Round

Sophon previously raised $60 million in a node sale in May following a $10 million seed round secured earlier in the year.

https://www.nftgators.com/binance-backs-zksyncs-layer-2-network-sophon-in-an-undisclosed-token-round/

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