decentralized autonomous wireless network project DAWN has announced the completion of a $13 million Series B financing round, led by Polychain.
The new funds will be used to accelerate global expansion, new deployments, and ecosystem collaboration. DAWN will continue to focus on expanding decentralized broadband globally.
according to THE BLOCK, ETHGAS has completed a $12 million token financing, while launching an Ethereum Blockspace futures market and committing to provide $800 million in liquidity.
Strata protocol developer Frontera Labs announced the completion of a $3 million seed round, led by Maven 11 Capital, with participation from Lightspeed Faction, Halo Capital, Heartcore Capital, Anchorage Digital Ventures, Nayt Technologies, Split Capital, and a group of angel investors.
It is reported that Strata is a universal risk layering protocol that packages on-chain and off-chain yield strategies into tokenized senior and junior tranches, each with different risk-return characteristics.
Visa has started supporting U.S. financial institutions to use USDC on Solana for transaction settlements. Cross River Bank and Lead Bank are the first institutions to use this service. As a partner of the Circle Arc blockchain, Visa will also provide support after Arc goes live.
Singapore digital trade platform Olea has completed a $30 million Series A funding round, with investors including Banco Bilbao Vizcaya Argentaria (BBVA), XDC Network, theDOCK, and SC Ventures, a subsidiary of Standard Chartered Bank. The funds will be used to accelerate the deployment of AI and Web3 solutions in high-growth markets, strengthening embedded finance, risk analysis, and other products. Since its establishment in 2022, the Olea platform has been licensed by the Monetary Authority of Singapore (MAS) CMS and has provided over $3 billion in financing to more than 1,000 enterprises across more than 70 trade corridors.
Pye Finance has completed a $5 million seed round, led by Variant and Coinbase Ventures, with participation from Solana Labs, Nascent, Gemini, and other companies. This startup is building an on-chain marketplace on Solana for time-locked staking positions, aiming to make locked stakes transferable and easier to build into fixed-term products.
according to official information, users holding at least 250 Binance Alpha points can claim an airdrop of 2000 STABLE tokens on the Alpha event page. If the event is not over, the score threshold will automatically decrease by 10 points every five minutes. Please note that claiming the airdrop will consume 15 Binance Alpha points. Users need to confirm the claim on the Alpha event page within 24 hours, otherwise it will be considered as a waiver of the airdrop.
self-custody stablecoin digital bank AllScale announced the completion of a $5 million seed round, led by YZi Labs, Informed Ventures, and Generative Ventures.
Deutsche Bank analyst Antje Praefcke pointed out that if the next Federal Reserve chairman responds to President Trump's call for interest rate cuts amid high inflation, the US dollar may face downward pressure. Praefcke believes that the expected nominee, White House National Economic Council Director Hassett, is a loyal supporter of Trump, which increases the likelihood of the Fed cutting rates. She stated that if the Fed cannot effectively contain inflation risks, it will have a negative impact on the currency. (Jin10)
fintech company Revolut Ltd. reached a valuation of $75 billion in its latest round of stock sales, a significant increase from last year's $45 billion. This round of financing was led by Coatue, Greenoaks, Dragoneer, and Fidelity Management & Research Company, with participation from Nvidia's venture capital arm NVentures, Andreessen Horowitz, Franklin Templeton, and accounts managed by T. Rowe Price. Revolut offers services such as checking and savings accounts, international remittances, cryptocurrency, and stock trading.
