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The Funding: Crypto VC Recap 2024

Venture capital investment in crypto and blockchain increased by 28% in 2024, driven by market optimism and strong early-stage funding, despite remaining below previous highs.

theblock.co • 29/12/2024 - 18:07 PM

Smart contracts get smarter: How AI agents are changing the blockchain space

Recent shifts in AI-driven blockchain projects focus on creating “agents”— AI-powered bots capable of performing autonomous tasks like trading, investment management and user interaction. AI agents have the advantage of continuously updating their models to improve decision-making, a capability traditional software bots lack.

theblock.co • 25/12/2024 - 14:01 PM

Team behind blockchain-powered AI16z bot partners with Stanford to study autonomous crypto-AI agents

Eliza Labs partners with Stanford University to explore autonomous AI bots in the digital asset economy, focusing on trust, governance, and economic systems in decentralized finance.

theblock.co • 17/12/2024 - 03:07 AM

The Daily: Bitcoin hits new all-time high, Ripple's RLUSD set to launch, MicroStrategy's latest BTC acquisitions and more

Ripple will launch its U.S. dollar-pegged stablecoin RLUSD on Tuesday, initially available on the XRP Ledger and Ethereum networks. Business intelligence firm and corporate bitcoin holder MicroStrategy has acquired another 15,350 BTC for $1.5 billion, raising its total holdings to 439,000 BTC worth over $46 billion. Aave contributor Marc Zeller has proposed phasing out its decentralized lending services on Polygon’s PoS chain due to perceived risks from Polygon’s recent proposal to use over $1 billion in bridge stablecoins for yield generation. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 16/12/2024 - 18:38 PM

MegaETH developer raises $10 million in 3 minutes on Cobie's Echo

MegaLabs raised $10 million for its MegaETH blockchain in under three minutes on Echo, signaling strong demand for community-driven crypto funding and decentralization.

theblock.co • 13/12/2024 - 17:00 PM

The Daily: BlackRock recommends 1-2% bitcoin allocation, Step Finance plans tokenized stocks on Solana and more

BlackRock, the world’s largest investment firm with $11.5 trillion in assets under management and issuer of the largest spot Bitcoin ETF, recommended allocating up to 2% of multi-asset portfolios to bitcoin in an institutional investor report on Thursday. DeFi platform Step Finance acquired early-stage startup Moose Capital, aiming to bring tokenized stock trading of major companies like Nvidia and Tesla to Solana, targeting a Q1 2025 launch. Avalanche announced it raised $250 million in a locked token sale led by Galaxy Digital, Dragonfly and ParaFi Capital to support its Avalanche9000 upgrade. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 12/12/2024 - 19:08 PM

Web3 notifications protocol Push to launch its own Layer 1 chain

Push Protocol is launching Push Chain, a Layer 1 blockchain for web3 apps, improving user experience and scalability with features like smart contracts, wallet abstraction, and fast transactions.

theblock.co • 12/12/2024 - 12:05 PM

Crypto-AI startup Exabits reaches $150 million valuation with $15 million seed round

Exabits, a crypto-AI startup, raised $15 million to tokenize GPUs, aiming to decentralize computing and capitalize on AI's growth potential amidst industry skepticism.

theblock.co • 10/12/2024 - 17:41 PM

Circle-backed Layer 1 Xion launches mainnet and gamified token airdrop mechanism

Layer 1 blockchain Xion has launched its mainnet alongside a “Double or Nothing” mechanism gamifying its initial token airdrop. Xion secured $25 million in a Series A funding round in April, having previously raised $11 million from Circle Ventures, Animoca Brands, Multicoin and others.

theblock.co • 05/12/2024 - 10:00 AM

DeFi.app raises $2 million seed round at $100 million token valuation

DeFi.app raises $2 million to simplify decentralized finance trading, aiming for community-focused token sales and a launch in 2024.

theblock.co • 04/12/2024 - 18:31 PM

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