VC Roundup: Investments in Web3 startups top $1B in July
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This edition of Cointelegraph’s VC Roundup features Pichi Finance, Sybill, Hyperbolic, Raad Labs, and zkLink.
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This edition of Cointelegraph’s VC Roundup features Pichi Finance, Sybill, Hyperbolic, Raad Labs, and zkLink.
US President Trump's official vodka brand now supports Bitcoin and cryptocurrency payments. （The Bitcoin Historian）
[Trader James Wynn Opens 40x Leveraged BTC Long Position, Floating Profit of $57,000] On December 2, according to monitoring by HyperInsight, trader James Wynn's address (0x8da) opened a BTC long position with 40x leverage in the past 12 hours at an average price of $85,400. The position size is approximately $2.95 million, with a current floating profit of $57,000 (77%). Over the past week, James Wynn has repeatedly attempted to open long positions in BTC and ETH but has incurred losses. On November 25, he predicted on the X platform that Bitcoin might drop to $67,000 that week. Additionally, monitoring shows that funds in another publicly known address (0x507) associated with James Wynn have been fully withdrawn and cleared. Previously, this address opened two BTC short positions on November 10 after James Wynn predicted BTC would drop to $92,000, but both positions were liquidated, resulting in a loss of approximately $100,000.
[Zoo Finance Completes $8 Million Strategic Round of Financing, Focused on Unlocking Locked Token Liquidity] Decentralized Finance (DeFi) protocol Zoo Finance announced the completion of an $8 million strategic round of financing. Its core products are the pioneering LVT (Liquid Vesting Token) and LNT (Liquid Node Token) protocols. The protocol enables on-chain OTC trading and yield trading of locked vested tokens by splitting locked tokens into VT (Vesting Token) and YT (Yield Token). This round of financing was led by Bitrise Capital, with participation from Signum Capital, Certik Ventures, TOP, CGV Funds, and Cryptomeria, bringing its total funding to $10 million.
[Daiwa Securities Reaffirms 'Buy' Rating for OSL Group, Target Price HK$18.8] Daiwa Securities released a research report on December 1, reaffirming its 'Buy' rating for OSL Group (863.HK) with a target price of HK$18.8 per share. The report highlighted that OSL Group has established a differentiated competitive advantage through global expansion and transitioning into payment financial services. It continues to acquire licenses related to payments and digital assets, launching relevant payment infrastructure and products. In contrast, HashKey has tightened its overseas business expansion due to cash flow constraints and unfavorable conditions in the crypto market. Daiwa Securities stated that, given the limited market size in Hong Kong and tightened regulations on digital assets in mainland China, it is more optimistic about OSL Group's prospects for global expansion and payment transformation.
[BlackRock Executives: Tokenization Will Drive Global Market Development and Enhance Asset Trading Efficiency] BlackRock CEO Larry Fink and COO Rob Goldstein wrote in *The Economist* that tokenization is propelling global markets into a new stage of development by modernizing infrastructure through the integration of traditional finance and digital finance, thereby improving efficiency, transparency, and accessibility. Tokenization can replace paper documents with code, reducing transaction costs and time, and transform large, unlisted assets into smaller, more accessible units. The two executives believe that the pace of tokenization's development will rival that of the internet and achieve significant growth in the coming decades, with various assets potentially being traded and held via digital wallets.