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.
[An ETH Whale Ends 1,127 Days of Holding and Profits $4.245 Million] On-chain data shows that a certain ETH whale has completed liquidation over the past two weeks, ending a holding period of 1,127 days and accumulating profits of $4.245 million. The address (0x3f4…35175) had previously accumulated 2,962.89 ETH at an average price of $1,500 between November 2022 and March 2023, then transferred the assets to a new address (0x828…59D8b) and went dormant until two weeks ago, when it began selling in batches. The final 2,040 tokens were sold 10 hours ago.
[Binance Wallet Web3 Lending Protocol Integrates Venus Protocol Core Pool] Binance Wallet's Web3 lending protocol has completed its first integration with the Venus Protocol core pool. Supported collateral assets include BTCB, ETH, USDT, USDC, FDUSD, and WETH, while lending assets cover USDT, USDC, and BNB.
[QCP Capital Points Out Structural Risks Facing Cryptocurrencies Due to MSCI Index Eligibility Adjustments] QCP Capital's analysis highlights that the Federal Reserve has sent cautious signals and implemented a 'hawkish rate cut,' with the dot plot indicating a median rate of 3.25% - 3.5% at the next meeting. The stock market and artificial intelligence remain key drivers of macro trends, and if revenues fail to match investments, it could trigger a valuation reset. In addition to macroeconomic influences, cryptocurrencies face new structural risks as MSCI is reassessing the eligibility criteria for digital asset financial companies in its indices. Companies with over 50% exposure to cryptocurrencies may be excluded. Although Japan has improved its regulatory environment and enhanced institutional legitimacy through revised legislation, the balance between market resilience and vulnerability remains delicate.
[Suspected Astra Nova team wallet transfers $430,000 worth of RVV tokens to exchanges again] From last night to early this morning, the suspected Astra Nova team wallet transferred $430,000 worth of RVV tokens to Gate and KuCoin exchanges. Similar fund transfer activities from this wallet have been ongoing for over a month, during which approximately $1.5 million worth of RVV has been sent to exchanges. The wallet currently still holds approximately $22.8 million worth of RVV tokens.
[Espresso Foundation to Distribute ESP Tokens to the Caldera Ecosystem, Airdrop for ERA Holders] Caldera announced that its partner, Espresso Foundation, will allocate a portion of ESP tokens to the Caldera ecosystem during the Token Generation Event (TGE). Over 2% of the total ESP supply will be specifically allocated to the Caldera community, and holders and stakers of ERA tokens will receive this airdrop.