Bitcoin
Praxis takes home $525m, Blockstream follows suit with $210m
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7 hours agoon
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adminPraxis and Blockstream grabbed headlines this week, each with six-figure fundraising rounds, per the latest data.
Crypto VC funding has seen a noticeable spike over the last seven days compared to last week, when Ithaca led the pack with a $20 million raise. However, this week, as Bitcoin (BTC) reclaimed the $68,000 level, crypto.news analyzed and collected data from data from Oct. 13 to Oct. 19.
Here are the firms that topped the list, according to Crypto Fundraising.
Praxis, $525 million
- Praxis is the first network state, which is building an online community of people with similar national consciousness.
- The firm leads the week’s crypto VC funding with $525 million raised.
- The primary investors in the fundraising include Gem Digital, Arch, Manifold, etc.
Blockstream, $210 million
- Blockstream is building a crypto-financial infrastructure based on Bitcoin.
- The company has raised $210 million from lead investor Fulgur Ventures.
- Blockstream’s crypto VC funding stands at $621 million in total.
Azra Games, $42.7 million
- Azra Games is a gaming studio that focuses on creating immersive-role playing games.
- In a Series A led by Pantera, the company raised $42.7 million.
Yellow Card Financial, $33 million
- Yellow Card Financial is a pan-African crypto exchange.
- The exchange raised $33 million in a Series C led by Blockchain Capital.
- Yellow Card Financial has raised a total of $89.5 million so far.
Towns, $25.5 million
- Towns is a web3 group chat protocol that allows communities to build blockchain-based gatherings.
- The firm has raised $25.5 million in a Series A by a16z Crypto, Benchmark and Framework.
Bitnomial, $25 million
- Bitnomial is a crypto exchange based in the U.S. that offers futures and options trading for cryptocurrencies.
- The exchange raised $25 million from Ripple via a Series C funding round.
- Bitnomial has raised $36.6 million so far.
ZkPass, $12.5 million
- The identity verification solution has raised $12.5 million in a Series A round, with a round valuation of $100 million.
- ZkPass has raised $15 million till date.
Opacity Network, $12 million
- Opacity Network is a zero-knowledge proof protocol that aids in enabling verification without disclosing any details.
- The firm has raised $12 million in a seed funding round.
Solv Protocol, $11 million
- Solv Protocol provides investors with access to crypto investments via a trustless fund infrastructure.
- The company raised $11 million in a strategic round with a round valuation of $200 million.
Mento Labs, $10 million
- Mento Labs is a platform that creates and operates multi-currency stable assets.
- The firm has raised $10 million on Oct. 16.
Crypto VC funding rounds < $10 million
- Predicate: The decentralized network raised $7 million.
- ZeroBase: The ZK proof generation platform raised $5 million from investors like Binance Labs, Lightspeed Action, etc.
- Drop Protocol: Drop Protocol raised $4 million in a seed funding round.
- Plasma: The zero-fee payment platform raised $3.5 million.
- Pell Network: Pell Network raised $3 million in a pre-seed round.
- Blockcast: The content delivery network raised $2.85 million in a seed funding round.
- The Arena: The Arena raised $2 million in a pre-seed round.
- Hyve DA: The data availability network raised $1.85 million in a pre-seed round.
- Surge: Surge raised $1.8 million in a pre-seed round from investors like Gerstenbrot Capital, CoinGecko, etc.
- Hermetica: The DeFi platform raised $1.7 million in a seed round.
- Lombard: Lombard raised $1 million from Binance Labs.
- World of Dypians, CCData, Bracket Labs and Marketnode raised undisclosed amounts this week.
Check out our last week’s column from here.
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Bitcoin
POPCAT cools, WYAC and PHIL meme coins pump double.digits
Published
4 hours agoon
October 20, 2024By
adminWith Bitcoin up above $68,000, meme coins like Woman Yelling At Cat, Settled EthXY Token and Phili Inu spiked double digits.
According to CoinMarketCap, the global crypto market has slowly recovered from last week’s slump. The crypto market cap has jumped to $2.34 trillion from last weekend’s $2.17 trillion.
Bitcoin (BTC) is hovering above $68,000, and Ethereum (ETH) is trading around the $2,600 level. But in the last few hours, the market seems to be cooling down, with signs of a potential reversal.
Despite this uncertainty, these three meme coins are up by double digits.
Woman Yelling At Cat pumps 80%
The latest data from CoinGecko shows an interesting price trajectory for a Taylor Armstrong-inspired meme coin.
Woman Yelling At Cat (WYAC), which gets its name from a meme that spoofs an episode of “The Real Housewives of Beverly Hills,” surged from a 24-hour low of $0.02504 to a high of $0.05288.
The exact reason for the price surge is unclear. And yet, WYAC’s popularity is growing on social media, including X.
See the chart below.
However, the surge seems to have cooled down now. The WYAC coin now has a market cap of $45.5 million. Interestingly, the meme coin touched an all-time high on Oct. 17.
This recent surge has earned the meme coin its position as the largest gainer on CoinGecko’s list. On-chain data portal Alphanomics also shared that WYAC is one of the top five biggest price gainers in the last 30 days, with a 6200% surge.
SEXY and PHIL soar
After perusing the list of CoinGecko’s top gainers on Saturday, it’s clear Settled EthXY Token (SEXY) and Phili Inu (PHIL) are up by double digits.
SEXY is up by almost 80% from its 24-hour low of $0.2408. The meme coin has also retraced after pumping as high as $0.5241.
SEXY first launched in August 2023 on the Ethereum blockchain.
Third on the gainers list is PHIL with a 54% pump. The meme coin — featured on the 46th edition of the SHIB Magazine — is also up by over 130% in the last 30 days, with its price now hovering around the $0.04 level.
The rise in these not-so-popular meme coins comes as Popcat’s (POPCAT) relaxed price movement. The cat-themed Solana (SOL) meme coin is down by over 3% in the last 24 hours and 15% in the last seven days.
However, POPCAT has shown similar pullbacks following major pumps in the past. But the current trajectory of the meme coin remains unclear.
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Bitcoin
NFT sales surge to $93m, Ethereum network dethrones Bitcoin
Published
10 hours agoon
October 19, 2024By
adminWeekly non-fungible token sales volume has surged 22.5% and now stands at $93 million, per the latest data.
As the crypto market shows slow signs of recovery, the NFT market enjoys an uptick in volume and other metrics. Here’s a small glimpse:
- NFT sales volume pumped to $93 million from last week’s $77.6 million.
- The Ethereum (ETH) network has dethroned the Bitcoin (BTC) network in terms of volume.
- NFT buyers almost doubled from last week’s 263,804 to 494,666.
- The number of NFT sellers also witnessed a 108% surge and stands at 252,401.
Ethereum vs. Bitcoin
Bitcoin, which has been maintaining its top position, has been dethroned by Ethereum in terms of sales volume in the last seven days.
Ethereum NFT sales volume has surged from last week’s $26.6 million. The sales have seen an uptick by over 30% and stand at $33.4 million at press time.
Bitcoin has also exhibited a 36% surge, with the weekly sales volume standing at $21.6 million.
However, when it comes to Ethereum, $5.3 million of the volume accounted for wash trading. This is considerably higher compared to Bitcoin’s wash trading of $902,000.
Cryptoslam data shows that Solana (SOL) has stood robust in its third position, just like last week. Solana’s weekly NFT sales volume stood at $16.6 million.
Mythos Chain (MYTH) and Polygon (POL) earned the next two positions in the leaderboard with $5.5 million and $3.9 million in sales, respectively.
Concerning the number of NFT buyers, Solana has maintained its dominance at 192,543. This is a considerable 220% surge from last week’s 60,115.
DMarket maintains its first position for over three weeks
Just like the last two weeks, DMarket maintains its ranking with the highest sales — $5.2 million. However, the sales are down by almost 30% from last week’s $8.02 million.
Uncategorized Ordinals is second on the list with $4.86 million in sales. This NFT collection has seen an 1,800% surge in sales in the last seven days.
According to Cryptoslam, these are the top NFT sales from the last seven days:
- Ordinal Maxi Biz (OMB) #882b65…a96ei0 sold for $109,079 (1.5942 BTC).
- Ordinal Maxi Biz (OMB) #32b13f…6c26i0 sold for $91,085.87 (1.3371 BTC).
- Ordinal Maxi Biz (OMB) #591165…c718i0 sold for $87,895.17 (1.2857 BTC).
- CryptoPunks #6409 sold for $79,237.16 (29.99 ETH).
- CryptoPunks #8135 sold for $78,503.09 (29.75 ETH).
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Bitcoin
Analyst Points To Key Bitcoin Metric Indicating A Strong Uptrend—$90K in Sight?
Published
1 day agoon
October 19, 2024By
adminBitcoin (BTC) has been on an upward trend in recent weeks, showing positive price movements that appear quite appealing to investors.
According to a recent CryptoQuant analysis, a key metric, “active address momentum,” paints a bullish picture for the cryptocurrency.
Active Address Momentum Signals Upward Market Structure
Active addresses represent the number of unique addresses conducting transactions on the Bitcoin network, providing insights into network activity and investor engagement.
By applying a 30-day moving average (30DMA) and a 365-day moving average (365DMA) to this indicator, the CryptoQuant analyst could assess the network’s growing momentum.
The analyst emphasized that the 30DMA has sharply risen recently and is closing in on the 365DMA. If a “golden cross” occurs, where the 30DMA surpasses the 365DMA, it could signal a further bullish trend for Bitcoin, dent reveals.
The CryptoQuant analyst added that Bitcoin has seen high transaction volumes since the second half of the year, supporting increased network activity.
While the current upward momentum is encouraging, the analyst also warned of potential volatility due to a “rising wedge” formation in Bitcoin’s price chart—a pattern that could lead to significant price swings if the wedge continues to tighten.
Bitcoin Rally To $90,000 In Sight?
Bitcoin’s recent price performance has added to the optimism among investors. Over the past week, the cryptocurrency has surged by over 10%, and it has continued its upward trajectory, rising by an additional 1.98% in the past 24 hours to trade at $68,708 at the time of writing.
This upward movement has helped Bitcoin break through a major resistance zone on its daily chart, sparking predictions of even higher prices.
One notable prediction came from crypto analyst Javon Marks, who recently shared his outlook on X. Marks highlighted that Bitcoin has broken out of a “descending broadening wedge” pattern. Statistically, this pattern suggests that when the resisting line is broken, the price objective is reached in 81% of cases.
In Bitcoin’s case, Marks believes that this breakout could push the price of Bitcoin to a range between $90,000 and even more than $96,000.
#Bitcoin (BTC) is now broken out of the displayed ‘descending broadening wedge’ pattern and statistics from this type of pattern states that in 81% of cases, the pattern’s price objective is reached when the resisting line is broken.
Bitcoin’s Price Objective:
$90,000-$96,000+ https://t.co/lPZZtJm7pi pic.twitter.com/hudApLSlDj
— JAVONMARKS (@JavonTM1) October 17, 2024
Featured image created with DALL-E, Chart from TradingView
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