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Crypto Evening Briefing: Even As Funding Dips, Top Web3 Investors Remain Active

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Coinbase Stock Jumped 60% in Two Weeks, ARK Invest Breaks Buying Streak

Riding on the wave of a broader market rally, Coinbase stock (COIN) notched a rally of nearly 60% over the past two weeks exceeding more than $84 per share.

Visa: Token Bridges Were a Favored Target for Thieves in 2022

According to the global payment provider Visa, 2022 became a record-breaking year for cryptocurrency thefts, with over $3 billion stolen in on-chain thefts. Cryptocurrency bridge services were a favored target for threat actors. 

North Korean Lazarus Group Tries To Phish Euler Exploiter

A wallet connected to the Ronin bridge exploiter sent 2 Ethereum (ETH) — worth $3,586 — to Euler Finance (EUL) hacker on March 17, according to on-chain data.

Binance Launchpad for Space ID Tokens Receives Over $2.8B in BNB Commitments

Binance launchpads continue to be a lucrative and hyped bet for traders looking to get allocations to tokens of new projects.

DeFi Insurance Claims Amounted to $34.4 Million in 2022: Report

Decentralized finance (DeFi) analytics firm OpenCover released a report on 22 March, revealing that DeFi insurance companies paid out $34.4 million in claims in 2022.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $28,321.51 USD, jumped by 0.63% in the last 24 hours;

ETH’s live price is $1,771.06 USD, dropped by 1.46% in the last 24 hours;

BNB’s live price is $337.98 USD, dropped by 0.89% in the last 24 hours;

XRP's live price is $0.4444 USD, jumped by 11.65% in the last 24 hours.

Fundraising News

Even As Funding Dips, Top Web3 Investors Remain Active

While overall funding in Web3 was down last year from 2021, several top investors in the space such as Shima Capital, Animoca Brands and Y Combinator saw their numbers tick up in 2022, according to Crunchbase data. In fact, about a dozen investors made 40 or more deals in the Web3 space last year — and for most that was an increase from 2021.

Bitget Acquires Controlling Stake in BitKeep With Additional Investment at $300 Million Valuation

Crypto exchange Bitget acquired a controlling stake in crypto wallet BitKeep with an additional $30 million investment at a $300 million valuation.

BitRock Capital Is Close to Raising $100 Million To Back Finance and Blockchain Startups in China and Southeast Asia

BitRock Capital, backed by logistics real estate operator GLP Pte, targets a closing of the new fund by the third quarter, Alfred Shang, its chief executive officer and co-founding partner, said in an interview. It would more than double BitRock’s first fund close from late 2021, and the firm is in discussion with family offices as well as longer-term limited partners, he said, without disclosing specific names.

ALT DRX, World’s First Digital Real Estate Exchange, Raises $ 3.6 Million

The start-up, with an India first launch strategy has raised in a seed round, US$ 1.6 mn in equity and $ 2.0 mn in callable mezz debt for co-investing into real estate assets. ALT DRX has in its seed rounds, seen investor participation from one of India's top law firm, renowned family offices, successful start-up founders, unnamed senior professionals from Development Bank of Singapore, Ernst & Young, HSBC, Volvo, Salesforce amongst others.

SphereTrax Has Secured a £250,000 Investment From Jenson Funding Partners

SphereTrax has secured a £250,000 investment from Jenson Funding Partners to back their mission to put creators back in charge of their music. The licensing platform helps musicians, both big and small, succeed in a marketplace where traditionally the labels would get the lion’s share of the rewards.

Bitcoin Bitcoin $82,953.94
+0.72%
Bitget BitKeep Web3 Blockchain Euler Finance North Korea Binance Coinbase Cathie Wood Ark Invest Visa DeFi
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