​​Edge Matrix Chain raises $20M in funding led by Polygon Ventures & Amber Group

Edge Matrix Chain, a multichain infrastructure, has closed its $20M funding round led by Polygon Ventures and Amber Group. Additional round participants included One Comma, Kapley Judge and Associated Corporations, Cyberrock Venture Fund, Candaq Fintech Group. Moreover, the firm has launched the testnet campaign of its Layer 1 blockchain.

👉🏻 x.com/EMCprotocol/status/1829130081366880367

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​​Quai Network announces the closure of its $5M strategic funding round

Quai Network, a Layer 1 crypto network, has raised its $5M strategic funding round with participation from Cogitent Ventures, MH Ventures, TPC Ventures, Giga Chad Ventures, and DexCheck Ventures. The investment brings project's total funding up to $15M after previous $10M rounds secured from Polychain Capital, Alumni Ventures, and others. Quai is also launching its main net-compatible devnet which precedes the protocol's fourth testnet.

👉🏻 theblock.co/post/313387/quai-strategic-round

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​​Coin of the Day by Market Sentiment - Toncoin (TON)

TON (The Open Network) is a blockchain designed for scalable cross-chain interoperability, originally developed by Telegram.

Predict TON price movements on Oriole Insights
👉🏻 app.orioleinsights.io/projects/toncoin

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​​Renzo will expand its $REZ token to the Solana network via Wormhole

Renzo has announced the launch of its $REZ governance token on Solana, leveraging Wormhole. Through this innovation, the protocol aims to expand the reach of its LRT technology. Token's initial liquidity will be provided on Solana’s major automated market makers.

The move follows the introduction of Renzo's $ezSOL, the first Solana’s LRT on the Jito Network. Renzo is a liquid restaking protocol with more than $1.8B in total value locked, backed by Binance Labs, Maven 11, OKX Ventures, Paper Ventures, and others.

👉🏻 theblock.co/post/313192/renzo-rez-solana

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​​Level has announced the closure of its $3.6M investment round

Level raises $3.6M to launch the first stablecoin protocol powered by restaked dollar tokens. The funding was led by Dragonfly and Polychain with additional participation from Robot Ventures, Pier Two, EI Ventures, and Global Coin Research. Users can start earning Level XP immediately by joining the waitlist to mint lvlUSD and depositing USDT. Moreover, the project will soon announce its ecosystem launch partners including AVSs, operators, networks, and AVS infra providers

👉🏻 x.com/levelusd/status/1829135617621365116

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​​Kaia has announced the mainnet launch of its Layer-1 blockchain

Kaia, the Layer-1 blockchain from two leading Asian messenger apps, Kakao and LINE, goes live on mainnet. The Layer-1 blockchain is expected to tackle web3’s user experience and distribution challenges through its integration with Kakao and LINE messaging apps. Moreover, Kaia seeks to enable builders to create mini dApps on LINE messenger through its NEXT WEB software development kit.

👉🏻 theblock.co/post/313465/kakao-line-blockchain-mainnet-launches

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​​Crypto News Digest: Key Updates You Need to Know

This digest provides a quick overview of the most significant cryptocurrency news, that's worth your attention.

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​​TOP Crypto Projects by Social Activity

Posts. Posts measures the number of social posts across all social channels.

Interactions include socially-driven engagements and actions such as likes, comments, retweets, and upvotes.

Social Dominance. Social dominance calculates the "share of voice" across all social media data.

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​​The web3 payment firm Bridge has raised a total of $58 million in funding

Bridge emerges from stealth with total funding of $58M from Sequoia, Ribbit, Index, Haun Ventures, and others. Started by former Coinbase and Square employees, Bridge is building a stablecoin-powered money movement platform. The project builds Orchestration and Issuance as a service, providing APIs to convert between any two dollar formats and convert any of these dollars into a stablecoin that developers can customize and benefit from.

👉🏻 x.com/StableCoin/status/1829189512741957734

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​​TOP 10 DeFI dApps by Volume (30d)

A decentralized application (dApp) is a program built on blockchain that combines a smart contract and a front-end user interface. We present the top DeFi dApps by volume in the last 30 days, regardless of the protocol's chain. Data taken from DappRadar.

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​​Tіmе fun raises $3M in seed funding round led by Brevan Howard Digital

Tіmе fun, a crypto startup that tokenizes people's time, has closed its $3M seed funding round led by Brevan Howard Digital. Additional round participants in the round included Coinbase Ventures, Breed VC, Zee Prime Capital, and Maelstrom. Time fun is a tokenization platform built on the Ethereum Layer 2 blockchain Base and helps creators tokenize their time. Moreover, the firm has unveiled its plans to launch its own token in the future.

👉🏻 theblock.co/post/313770/time-fun-crypto-funding-brevan-howard-digital

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​​SnakeLite announces the closure of its $4M funding led by Redpoint Ventures

SnakeLite secures $4M in funding led by Redpoint Ventures to launch a new Web3 gaming universe. Among other investors are One Piece Labs, Mirana Ventures, Sky9 Capital, Fenbushi US, NGC, Antalpha Ventures, Gate Labs, KuCoin Ventures, Huobi Ventures, CyberConnect, Alchemy Pay, Redline Labs, Cobo Ventures, SNZ Holding, ViaBTC Capital, and others. SnakeLite has officially entered Web3 space, debuting the first battle royale PvP on the TON blockchain.

👉🏻 cointelegraph.com/press-releases/snakelite-secures-multimillion-dollar-funding-to-unveil-new-web3-gaming-universe

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​​Top Crypto Projects by Developer Activity in August

Dev.Activity - the development activity of a project done in its public Github repositories. Development Activity metrics are measured in a number of Github events.

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​​Fetch.аі onboards GameSwift as a new foundation member & a strategic partner

Fetch.аі and GameSwift have announced a strategic partnership that includes the integration of Fetch.ai’s AI technology into GameSwift’s core app, GameSwift Launcher. Moreover, GameSwift joins the Fetch.ai Foundation as the first web3 gaming partner and will lead the gaming vertical within the foundation.

Earlier this month, Fetch.аі launched a new $10M Innovation Lab hub, an internship incubator, and an ambassador program. Fetch.аі is an open platform providing tools for building innovative AI apps and services.

👉🏻 fetch.ai/blog/game-swift-becomes-first-web3-gaming-project-to-integrate-fetch-ai-agents-joins-fetch-ai-foundation

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​​BounceBit announces the launch of the V2 upgrade to both CeDeFi & BounceClub

BounceBit introduces the V2 product upgrade focused on CeDeFi and BounceClub. Under this innovation, CeDeFi will focus exclusively on CeDeFi-related products, primarily trading and asset management. BounceClub will concentrate on ecosystem activities, including DeFi, AI, and gaming. Moreover, BounceClub will roll out BTCfi to allow users to utilize stBBTC for accessing BTC staking projects such as Babylon and Eigenlayer.

👉🏻 medium.com/@bouncebit/bouncebit-v2-bodhi-%E6%82%9F-9fa0136c1a9b

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​​Top Projects by Price Performance in August

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​​Coin of the Day by Market Sentiment - The Graph (GRT)

The Graph is protocol that aims to make on-chain data more accessible to decentralized application projects.

Predict GRT price movements on Oriole Insights
👉🏻 app.orioleinsights.io/projects/the-graph

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​​Alchemy announces the acquisition of the Bware infrastructure provider

Alchemy acquires Bware, a provider of blockchain infrastructure and API services. Through this acquisition, Alchemy aims to work closer with projects and developers, and bolster their customer support in time zones around the world. Moreover, Alchemy will impact the projects' teams and will not be taking over the $INFRA protocol or associated $INFRA token. Alchemy is a comprehensive platform that allows developers to easily construct multichain DApps.

👉🏻 alchemy.com/blog/alchemy-acquires-bware-labs

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​​Mirada AI (MIRX) has announced its latest collaboration with Chappyz

Mirada AI joins forces with Chappyz, a web3 platform that connects users with projects and rewards community engagement through Al-driven incentives. Under this integration, the projects will utilize Chappyz bot in their Telegram group to gain community analytics. Mirada AI is a decentralized AI tool that offers image generation, face-swap, animation, LLM chat, image upscaling, and more.

👉🏻 x.com/miradaai/status/1829504612702830870

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​​Crypto News Digest: Key Updates You Need to Know

This digest provides a quick overview of the most significant cryptocurrency news, that's worth your attention.

CryptoDep | Community Chat | Twitter | Telegram

​​TOP AI Ecosystem Coins by Social Activity

Posts. Posts measures the number of social posts across all social channels.

Interactions include socially-driven engagements and actions such as likes, comments, retweets, and upvotes.

Social Dominance. Social dominance calculates the "share of voice" across all social media data.

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