Top 7 Crypto | Analytics & Alpha
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Daily analytics on what moves crypto โ€“ capital flows, trends, TGEs and airdrops, funding rounds, upcoming protocols, token unlocks.

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Initia has raised $7.5M in seed funding round co-led by Delphi Ventures and Hack VC

Initia has secured $7.5M in seed funding round co-led by Delphi Ventures and Hack VC. Other investors include Nascent, Figment Capital, Big Brain and a_capital. Initia is currently live on a closed testnet. The project will launch its mainnet, tentatively set for Q2 2024.

Initia is a Layer 1 network on Cosmos $ATOM with customizable Optimistic rollups for application developers to easily launch their L2. Previously, it has received investment from Binance Labs $BNB.

๐Ÿ”— twitter.com/initiafdn/status/1762478470075183371

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Aether Games has announced AEG token launch on March 7th

Aether Games $AEG to conduct TGE on March 7th. Previously, Aether Games conducted its strategic sale on Avalaunch $XAVA and announced token sale on Ignition $PAID, ChainGPT Pad $CGPT and Polkastarter $POLS.

Aether Games is a game development studio that creates games within the crypto and NFT realm. It raised $4.5M in a funding round backed by Polygon Ventures, Mysten Labs, Master Ventures, GSR, Polkastarter, Cogitent Ventures and others.

๐Ÿ”— twitter.com/AetherGamesInc/status/1762467075488952618

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Top Exchanges by Liquidations in last 7 days

The vast majority of the casualties were long positions last days, with more than $1.19B liquidated in total. Letโ€™s take a look at the top exchanges by liquidations of longs and shorts within last week, according to Coinglass.com.

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Arweave [AR] releases testnet of scalable blockchain network for AI and social media - Arweave AO

Arweave $AR released the public testnet for Arweave AO, a scalable blockchain network built on its data storage platform designed for social media. Arweave AO is designed to be a scalable network that can support all sorts of smart contracts and blockchain protocols. Moreover, it could support storing large amounts of data, such as AI models.

The core idea is that Arweave AO splits up the three main parts of running a blockchain into separate components that can talk to one another and execute a high number of transactions, all at the same time. Current $AR price is $16.1. Fully diluted market cap is $1.06B.

๐Ÿ”— theblock.co/post/279215/arweave-releases-testnet-for-absurdly-scalable-compute-layer-designed-for-social-media-ai

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Apeiron [APRS] will launch PvP Closed Beta on Epic Games Store tomorrow, on February 28th

Apeiron $APRS has announced the launch of its closed PvP Beta on the Epic Games Store that will take place tomorrow, on February 28th. Users will be able to earn airdrop points by competing in the leaderboards and collecting the in-game souls that will be converted into the airdrop points at the 4:1 ratio.

Apeiron is the NFT-based P2E game, that features God Game and RPG battle modes through which you can collect, trade, and battle with unique digital assets. It raised $13.5M in two funding rounds Hashed Fund, Spartan Group, Morningstar Ventures, DeFiance Capital and others.

๐Ÿ”— twitter.com/ApeironNFT/status/1761919132067315747

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Karak has raised $48M in a Series A funding round backed by Lightspeed and others

Karak has secured $48M in a Series A funding round at a $1B valuation. ะ†nvestors in the round include Lightspeed, Mubadala Capital, Bain Capital, Pantera Capital, Framework and DะกG. Karak is the risk management Layer 2 blockchain with restaking, AI, and a new generation of secure applications. Moreover, Karak released its Early Access program where users can bridge assets to earn XP.

To join Early access phase and start earning XP, users need to have invite codes โ€“ you can request codes in our community chat.


๐Ÿ”— twitter.com/karak_network/status/1762561635678597335

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Blockchain social platform Lens has announced a public release

Lens Protocol has moved to a permissionless phase, now enabling all users to participate in the network by creating an on-chain NFT for their profile. This change allows anyone to create their profiles for a fee of 10 $MATIC tokens or to pay a similar amount with a credit card, facilitating their entry into the platform. Previously, Aave has launched Lens V2 on Polygon.

Lens Protocol, built by Aave, is a social graph that offers a software stack to build decentralized competitors to social media giants. It has raised $15M in a funding round backed by IDEO CoLab Ventures, General Catalyst, Variant, Blockchain Capital, Delphi Digital, Fenbushi Capital and others.

๐Ÿ”— theblock.co/post/279335/blockchain-based-social-graph-lens-enters-permissionless-phase

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BTC restaking infrastructure BounceBit will launch Testnet on March 8th

BounceBit will roll out its testnet on March 8th. Users can now register for an account and deposit $100 to claim their BounceClub. Previously, BounceBit has launched Premium Yield Generation to all early-access users.

BounceBit is a EVM-compatible Layer 1 dual-token $BTC staking chain, secured by validators staking both Bitcoin and BounceBitโ€™s native token (yet to be released). BounceBit is backed by Blockchain Capital (a lead investor in EigenLayer Series A round), Breyer Capital, Ceffu and Mainnet Digital, and has already reached over $532M in TVL.

๐Ÿ”— twitter.com/bounce_bit/status/1762767433927217424

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Defispot has announced the integration with Leap Wallet

โ€‹โ€‹
Defispot has integrated Leap Wallet, a crypto wallet for Cosmos-based $ATOM blockchains. Under this integration, users will be able to access any Cosmos blockchain and token through Defispot using Leap Wallet. Previously, Defispot launched SPOT Points Rewards Program.

Defispot is a cross-chain DEX aggregator, that supports 32 different blockchains, more than 520 liquidity sources across various L1 and L2 chains, encompassing 92% of DeFi liquidity.

๐Ÿ”— twitter.com/defispot/status/1760274469065576461

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SatoshiSync [SSNC] has announced a partnership with Ordify

SatoshiSync $SSNC teams up with Ordify, a multi-chain platform that creates a suite of investment products including a launchpad, bridge and wallet. Previously, SatoshiSync has unveiled $SSNC, the native token of its ecosystem. Holders of $SSNC will actively participate in platform governance, wielding voting rights and benefiting.

SatoshiSync builds a permissionless chain-agnostic protocol for inscriptions and BTC L2, simplifying the process of making BTCFi liquid. With easy customization and one-click bridging to ERC20 or any EVM, SatoshiSync aims to establish a decentralized inscription open market creation tool.

๐Ÿ”— twitter.com/SatoshiSync/status/1762115443173498943

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Decentralized lending protocol Morpho announced investment from Pantera Capital

Pantera Capital invests in Morpho, a decentralized lending protocol with over $1B in TVL. The raised amount has not been disclosed yet. Morpho allows various protocols and apps to be built on its base layer, Morpho Blue, which externalizes risk management and allows institutions to integrate it into their risk and compliance management systems.

Previously, it raised $19.35M in two rounds backed by a16z, Variant, Coinbase Ventures Nascent and others.

๐Ÿ”— theblock.co/post/279465/pantera-capital-invests-in-morpho-labs

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QORPO World [QORPO] will conduct initial listing on KuCoin, Uniswap, MEXC and ByBit on February 29th

QORPO World $QORPO will conduct a listing on KuCoin, Uniswap, MEXC and ByBit tomorrow, on February 29th, at 10:00 AM UTC. QORPO World is a Web3 gaming studio behind Citizen Conflict and AneeMate shooters. $QORPO is a multi-purpose token that supports their ecosystem of games, esports, and NFTs. Previously, it announced airdrop farming campaign with 1.45M $QORPO tokens as rewards.

๐Ÿ”— kucoin.com/announcement/en-qorpo-world-qorpo-gets-listed-on-kucoin-world-premiere

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Backpack has raised $17M in a Series A funding round led by Placeholder VC

Backpack has secured $17M in a Series A funding round at a $120M valuation led by Placeholder VC. ะ†nvestors in the round include Wintermute, Robot Ventures, Selini Capital, Hashed and Amber Group. Backpack is a cryptocurrency exchange and multi-chain wallet. In 2022, it raised $20M in a strategic funding round backed by Jump Crypto, Multicoin Capital, Anagram Crypto and others.

๐Ÿ”— bloomberg.com/news/articles/2024-02-28/ftx-alameda-alum-raise-17-million-for-crypto-exchange-backpack

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Liquid restaking protocol ether.fั– has raised $27M in a Series A funding round

ะตther.fั– has raised $27M in a Series A round led by Bullish Capital and CoinFund. Investors in the round include OKX Ventures, Foresight Ventures, Consensys, Arrington, Bankless, Selini Capital, Amber and others. ะตther.fั– is a decentralized, non-custodial delegated Ethereum staking protocol ($1.66B in TVL), with a liquid staking derivative token. Previously, it raised $5.3M in a funding round backed by Chapter One, North Island Ventures, Arrington Capital and others.

๐Ÿ”— twitter.com/ether_fi/status/1762841187356979302

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Top Blockchains by Commits and Development Activity in last 7 days

Letโ€™s compare the top blockchains by GitHub commits and active developers in last 7 days, according to artemis.xyz, in order to evaluate their current development activity.

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Nibiru Chain [NIBI] has announced a partnership with dAppLabs

Nibiru Chain $NIBI teams up with dAppLabs, an incubator that will help and incubate the funding processes of projects in the Nibiru ecosystem. Through this partnership, dappLabs will introduce Nibistarter, a launchpad that simplifies onboarding, enabling users to effortlessly sign up using their social media accounts. Previously, Nibiru conducted a $NIBI token sale on CoinList. Token sale hardcap was $6M (8% of total supply). Token sale price was $0.05, at a $75M valuation.

Nibiru Chain is an L1 blockchain and smart contract ecosystem sporting high throughput and unparalleled security. It raised $20.5M in seed funding round from NGC Ventures, HashKey Capital, Kraken Ventures, Tribe Capital and others.

๐Ÿ”— twitter.com/nibiruchain/status/1762582266054955298

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Clearpool [CPOOL] has launched new borrower pool by Hyperithm on Optimism

Clearpool $CPOOL has rolled out a new borrower pool on Optimism $OP by Hyperithm, a digital assets trading firm based in Japan and Korea backed by Coinbase and Hashed. Previously, Clearpool's institutional credit platform Clearpool Prime has doubled in TVL with launch of new loans by Fasanara Digital and Portofino. Current $CPOOL price is $0.12. Fully diluted market cap is $127M.

๐Ÿ”— twitter.com/clearpoolfin/status/1762795200571953503

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BTC restaking infrastructure BounceBit has raised $6M in a Seed funding round

BounceBit has raised $6M in a seed funding round co-led by Blockchain Capital and Breyer Capital. Other investors in the round included CMS Holdings, Bankless Ventures, NGC Ventures, Matrixport Ventures, DeFiance Capital, OKX Ventures and HTX Ventures. Previously, BounceBit has launched Premium Yield Generation to all early-access users.

To join Early access phase and Points Paradise program you can use our referral link


BounceBit is a EVM-compatible Layer 1 dual-token $BTC staking chain, secured by validators staking both Bitcoin and BounceBitโ€™s native token (yet to be released). BounceBit is backed by Blockchain Capital (a lead investor in EigenLayer Series A round), Breyer Capital, Ceffu and Mainnet Digital, and has already reached over $532M in TVL.

๐Ÿ”— theblock.co/post/279603/bitcoin-restaking-protocol-bouncebit-funding-tvl

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bitsCrunch [BCUT] has launched Delegation Incentive Program

bitsCrunch has rolled out a delegation incentive program. Token holders are now can delegate to operators, aiding in network security while earning rewards. User APY depends on how early will be tokens delegated and it ranges between 100% to 15%. Current $BCUT price is $0.32. Current market cap is $21.1M. Current FDV is $325M.

bitsCrunch is an AI-enhanced data network that delivers NFT analytics and forensic data. It has raised $6.75M in four private funding rounds (last at $80M valuation) backed by Coinbase Ventures, Animoca Brands, Chainlink, Polygon Ventures, Morningstar Ventures and others.

๐Ÿ”— blog.bitscrunch.com/bitscrunch-network-mainnet-launch-delegate-and-earn-rewards-1f05afc157bd

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QORPO World [QORPO] Moon Sheet

$QORPO token will be initially listed on KuCoin, Uniswap, Bybit and MEXC Global tomorrow, on February 29th, at 10:00 AM UTC. QORPO World is a Web3 gaming studio behind Citizen Conflict and AneeMate shooters. Listing price is $0.06. Initial market cap is $1.45M.

๐Ÿ”— kucoin.com/announcement/en-qorpo-world-qorpo-gets-listed-on-kucoin-world-premiere

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Top 7 Promising Upcoming Projects [Part 7]

The bull run is here, with Bitcoin close to all-time high, and enormous amount of upcoming projects aiming to reshape financial and cultural space through blockchain. We compiled a list of promising projects, that might enter the market with a token in the near future: Lava Network, QORPO World, Renzo, Magpie, bitSmiley, Nostra, and SYNTHR.

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