Hong Kong-based Web3 social network, Sleek, has raised $5 million in a seed round to bring blockchain-powered social media to the masses and power the ownership economy. The company's platform, which includes Sleek Card and a knowledge marketplace launching in 2024, aims to revolutionize human connection by making networking simple, fun, and productive. Sleek Card has already facilitated over 300,000 connections and partnered with several events, while the knowledge marketplace will allow domain experts to monetize their knowledge into liquid and accessible assets. Investors include Binance Labs, Shima Capital, and Spartan Group.
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Web3 Social Network Sleek Raises $5 Million to Bring Blockchain-Powered Social Media to the Masses
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Tetra Digital Group, a digital asset infrastructure company, has secured approximately $10 million in funding.
Tetra Digital Group, a Canadian digital asset infrastructure provider, announced the completion of approximately $10 million in financing, with investors including Urbana Corporation, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank, and Shopify. As part of this investment, Tetra and its partners plan to become the first financial institution to launch a Canadian fiat-backed stablecoin in early 2026, pending regulatory approval. The new Tetra stablecoin will leverage Tetra Digital Group's institutional-grade custody infrastructure to provide businesses and consumers with a stable, secure, and fully compliant digital currency, backed by Canadian dollar reserves at a 1:1 ratio. -
Lead Bank raises $70 million at a $1.47 billion valuation
Lead Bank, a Missouri bank with a 97-year history, is currently restructuring to serve financial technology and cryptocurrency companies. The company has raised $70 million, with a valuation of $14.7 billion, almost double that of last year, aiming to expand its balance sheet and customer base. -
Crypto trading platform OrangeX completes $20 million Series B funding
cryptocurrency trading platform OrangeX has successfully completed a $20 million Series B financing round, led by Kryptos, with continued support from SCI Ventures and other major investors. The new funds will be used to strengthen core infrastructure and accelerate global market expansion. -
BONK Treasury Company Safety Shot Completes US$30 Million in Financing
On August 25th, BONK treasury company Safety Shot announced the completion of a $30 million financing round, led by FalconX. The transaction includes a direct issuance of approximately $5 million in cash and a simultaneous private placement of $25 million, paid in BONK tokens by BONK founding members. -
Commission-free trading platform Midas secures $80 million in funding at a valuation of nearly $1 billion
according to Bloomberg, Turkey's first commission-free trading platform Midas is valued at nearly $1 billion after its latest funding round. The company announced earlier this week that it had secured $80 million in funding, setting a new record for funding for a Turkish financial technology company. This round of funding was led by QED Investors, with additional investors including the International Finance Corporation (IFC) and existing investors Spark Capital. With this, Midas' total funding has reached $140 million. Midas is the owner of Istanbul brokerage firm Midas Menkul Degerler AS, and is seen as the Turkish version of the "Robinhood" trading platform. -
August 19th Midday Update: Key Developments at a Glance
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Web3 data and AI company Validation Cloud completes $10 million in new round of financing
Web3 data and AI company Validation Cloud announced a $10 million financing round from True Global Ventures. The company plans to use the funds to expand its AI products and achieve seamless access to Web3 data. -
Solana Edge Data Intelligent Network 375ai Completes $5 Million Seed Round of Financing, Led by 6MV
Solana's edge data intelligent network 375ai announced the completion of a $5 million seed round of financing on X platform, with 6MV as the lead investor and participation from Arca, Escap Velocity, Primal Capital, and Auros. Specific valuation information has not been disclosed. 375ai provides decentralized edge data intelligent network nodes and mobile applications based on blockchain for real-time data collection. Users can participate in the network by deploying nodes, using applications, or staking tokens, while also receiving rewards. -
Bitcoin scaling network Mezo completes $7.5 million in financing, led by Ledger Cathay Fund
Bitcoin scaling network Mezo has completed a $7.5 million financing round, with Ledger Cathay Fund leading the investment and Mantle EcoFund ecosystem projects from ArkStream Capital, Aquarius Fund, Flowdesk, GSR, Origin Protocol, and Bybit participating. This round of financing brings its total funding to $30 million.The new funds will be used for Mezo's plan to expand the adoption of its network, including integrating more products into its network, such as its Bitcoin staking platform Acre.
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