Matrixport Completes Acquisition of Crypto Finance AG and Renames Unit to Matrixport Asset Management AG
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Matrixport Completes Acquisition of Crypto Finance AG and Renames Unit to Matrixport Asset Management AG

ByAlice Temper

Matrixport, a prominent allinone crypto financial services hub, has successfully finalized the acquisition of Crypto Finance (Asset Management) AG, a licensed Swiss crypto asset manager previously part of the Deutsche Börse Groupowned Crypto Finance Group. The acquired entity has been rebranded as Matrixport Asset Management AG (MAM), a Switzerlandbased pioneer in providing institutionalgrade crypto investment…

Meridian Raises $4M Seed Funding to Catalyze DeFi Ecosystem on Movement Labs
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Meridian Raises $4M Seed Funding to Catalyze DeFi Ecosystem on Movement Labs

ByAlice Temper

Meridian, a decentralized liquidity marketplace and liquid staking protocol built on Movement, has secured $4 million in seed funding. The funding will be used to expand the global team across engineering, product, and marketing roles, supporting the platforms roadmap and gotomarket strategy. The round was led by ParaFi Capital and Borderless Capital, with participation from…

TrueX Launches Innovative NonCustodial Crypto Exchange and Secures $9 Million in Seed Funding
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TrueX Launches Innovative NonCustodial Crypto Exchange and Secures $9 Million in Seed Funding

ByAlice Temper

TrueX, a stablecoinnative exchange, has officially launched out of stealth. The company is focused on offering markets and liquidity services globally through cuttingedge trading technology. TrueXs advanced platform features a proprietary matching engine and secure segregated execution and custody, ensuring efficient stablecoin settlement. The company has raised $9 million in seed funding led by investors…

HTX Ventures Announces Strategic Investment in Vanilla Finance
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HTX Ventures Announces Strategic Investment in Vanilla Finance

ByAlice Temper

HTX Ventures, the investment arm of cryptocurrency exchange HTX, has made a strategic investment in Vanilla Finance, a platform that allows users to own Bitcoin at a low cost. Vanilla Finance has gained popularity on Telegram with features like playtoearn mechanisms and transaction mining, making cryptocurrency trading accessible and engaging. The platform offers simplified derivatives…

Ledger Cathay Fund Invests in Mezo, Leading Funding Round
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Ledger Cathay Fund Invests in Mezo, Leading Funding Round

ByAlice T

Ledger Cathay Fund strategically led a funding round for Mezo, a permissionless Bitcoin Economic Layer developed by Thesis. The investment amount raised totals $30M, with prior funding from Pantera Capital. Mezo aims to drive the evolution of the global Bitcoin Finance ecosystem by amplifying Bitcoins infrastructure and enabling efficient transactions. The funding will be used…

Strategic Investments Propel Bitlayer Labs to Successful Series A Funding Round
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Strategic Investments Propel Bitlayer Labs to Successful Series A Funding Round

ByAlice T

Bitlayer Labs, the first Bitcoin Layer 2 based on the BitVM paradigm, has secured $11 million in its Series A funding round. The funding will be utilized for the expansion of Bitlayers ecosystem, supporting the development of native Web3 protocols and the launch of MainnetV2, a Bitcoinnative rollup. Leading the funding round are industry giants…

Cormint Data Systems, Inc. Raises $29 Million in Series B Equity Funding
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Cormint Data Systems, Inc. Raises $29 Million in Series B Equity Funding

ByAlice T

Cormint Data Systems, Inc. is an emerging Bitcoin miner focusing on mining Bitcoin at the lowest possible cost. The company recently surpassed 2EH/s and 75MW of proprietary Bitcoin mining load under management. With a strong balance sheet and scalable data center development process, Cormint is now fully funded to reach 130MW and 3.5 EH/s by…

Greenidge Generation Expands Bitcoin Mining Operations in Mississippi
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Greenidge Generation Expands Bitcoin Mining Operations in Mississippi

ByAlice T

Greenidge Generation Holdings Inc., a vertically integrated cryptocurrency datacenter and power generation company, has expanded its bitcoin mining capabilities with the launch of its newest site in Mississippi. The company deployed 2,400 bitcoin miners at the site, which went live on July 1, 2024. The company utilized its proprietary Greenidge Pod X infrastructure solution for…

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HTX Ventures Invests in Lombard to Enhance Bitcoin Liquidity

ByAlice T

HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has strategically invested in Lombard, a restaking protocol aiming to increase Bitcoin liquidity and ecosystem. Lombards restaking product is built on top of the Bitcoin staking protocol Babylon, allowing individuals to utilize Bitcoin to secure other proofofstake networks. The protocol aims to transform Bitcoin…

MicroStrategy Incorporated Announces Pricing of $700 Million Convertible Senior Notes Offering
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MicroStrategy Incorporated Announces Pricing of $700 Million Convertible Senior Notes Offering

ByAlice Temper

MicroStrategy Incorporated (Nasdaq: MSTR) has announced the pricing of its offering of $700 million convertible senior notes due 2032. The notes will be unsecured, senior obligations of MicroStrategy, with an interest rate of 2.25% per annum, payable semiannually. The offering is expected to close on June 17, 2024. The net proceeds from the sale of…