Cointime

Download App
iOS & Android

Crypto Evening Briefing: Even As Funding Dips, Top Web3 Investors Remain Active

Cointime Official

Top Stories

Coinbase Stock Jumped 60% in Two Weeks, ARK Invest Breaks Buying Streak

Riding on the wave of a broader market rally, Coinbase stock (COIN) notched a rally of nearly 60% over the past two weeks exceeding more than $84 per share.

Visa: Token Bridges Were a Favored Target for Thieves in 2022

According to the global payment provider Visa, 2022 became a record-breaking year for cryptocurrency thefts, with over $3 billion stolen in on-chain thefts. Cryptocurrency bridge services were a favored target for threat actors. 

North Korean Lazarus Group Tries To Phish Euler Exploiter

A wallet connected to the Ronin bridge exploiter sent 2 Ethereum (ETH) — worth $3,586 — to Euler Finance (EUL) hacker on March 17, according to on-chain data.

Binance Launchpad for Space ID Tokens Receives Over $2.8B in BNB Commitments

Binance launchpads continue to be a lucrative and hyped bet for traders looking to get allocations to tokens of new projects.

DeFi Insurance Claims Amounted to $34.4 Million in 2022: Report

Decentralized finance (DeFi) analytics firm OpenCover released a report on 22 March, revealing that DeFi insurance companies paid out $34.4 million in claims in 2022.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $28,321.51 USD, jumped by 0.63% in the last 24 hours;

ETH’s live price is $1,771.06 USD, dropped by 1.46% in the last 24 hours;

BNB’s live price is $337.98 USD, dropped by 0.89% in the last 24 hours;

XRP's live price is $0.4444 USD, jumped by 11.65% in the last 24 hours.

Fundraising News

Even As Funding Dips, Top Web3 Investors Remain Active

While overall funding in Web3 was down last year from 2021, several top investors in the space such as Shima Capital, Animoca Brands and Y Combinator saw their numbers tick up in 2022, according to Crunchbase data. In fact, about a dozen investors made 40 or more deals in the Web3 space last year — and for most that was an increase from 2021.

Bitget Acquires Controlling Stake in BitKeep With Additional Investment at $300 Million Valuation

Crypto exchange Bitget acquired a controlling stake in crypto wallet BitKeep with an additional $30 million investment at a $300 million valuation.

BitRock Capital Is Close to Raising $100 Million To Back Finance and Blockchain Startups in China and Southeast Asia

BitRock Capital, backed by logistics real estate operator GLP Pte, targets a closing of the new fund by the third quarter, Alfred Shang, its chief executive officer and co-founding partner, said in an interview. It would more than double BitRock’s first fund close from late 2021, and the firm is in discussion with family offices as well as longer-term limited partners, he said, without disclosing specific names.

ALT DRX, World’s First Digital Real Estate Exchange, Raises $ 3.6 Million

The start-up, with an India first launch strategy has raised in a seed round, US$ 1.6 mn in equity and $ 2.0 mn in callable mezz debt for co-investing into real estate assets. ALT DRX has in its seed rounds, seen investor participation from one of India's top law firm, renowned family offices, successful start-up founders, unnamed senior professionals from Development Bank of Singapore, Ernst & Young, HSBC, Volvo, Salesforce amongst others.

SphereTrax Has Secured a £250,000 Investment From Jenson Funding Partners

SphereTrax has secured a £250,000 investment from Jenson Funding Partners to back their mission to put creators back in charge of their music. The licensing platform helps musicians, both big and small, succeed in a marketplace where traditionally the labels would get the lion’s share of the rewards.

Comments

All Comments

Recommended for you

  • BTC breaks through $69,000

     the market shows BTC breaking through $69,000, currently at $69,021.49, with a 24-hour increase of 1.15%. The market is highly volatile, please manage your risk accordingly.

  • Spanish Foreign Minister: Not worried about any consequences of refusing US access to military bases

     on March 3 local time, Spanish Foreign Minister Alvarez defended the Spanish government's refusal to provide the Rota and Moron military bases to the United States for participation in attacks on Iran. Alvarez stated that the operation initiated by the United States and Israel is not supported by the United Nations and is not part of the bilateral agreements allowing the use of the aforementioned Spanish sovereign military bases. Alvarez also said that the Spanish government is not concerned that this stance will have any consequences. Alvarez stated: "The position of the Spanish government represents the will of the vast majority of the Spanish people as well as the vast majority of people worldwide, which is to defend the UN Charter, respect international law, and believe that cooperation is always more powerful than confrontation."

  • Spot gold plunges nearly $100 in the short term.

     spot gold plunged nearly 100 dollars in a short time, spot gold fell below 5170 dollars/ounce, with a daily decline of 2.94%. 

  • BTC falls below $67,000

    the market shows BTC fell below $67,000, currently at $66,996.93, with a 24-hour increase of 1.18%. The market is highly volatile, please manage your risk accordingly.

  • ETH breaks $2,000

    the market shows ETH breaking through $2000, currently at $2001.64, with a 24-hour increase of 2.89%. The market is highly volatile, please manage your risks accordingly.

  • The US spot Bitcoin ETF saw a net inflow of $962.48 million yesterday.

    according to Trader T's monitoring, the US spot Bitcoin ETF had a net inflow of 962.48 million USD yesterday.

  • BTC falls below $66,000

     the market shows BTC fell below 66,000 USD, currently at 65,986.66 USD, with a 24-hour decline of 1.31%. The market is highly volatile, please manage your risks accordingly.

  • BTC falls below $66,000

     the market shows BTC fell below $66,000, currently at $65,973.16, a 24-hour drop of 2.66%. The market is highly volatile, please manage your risks accordingly.

  • ETH breaks $2,000

    market shows ETH breaking through $2000, currently at $2000.29, with a 24-hour increase of 3.73%. The market is volatile, please manage your risk accordingly.

  • 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.