Top Stories
Meta's Q1 Profits Plunge 30%, Pivots to AI for Metaverse Growth Amid TikTok Pressure
Meta, the parent company of Facebook and Instagram, is expected to report a steep decline in profits when it releases its first-quarter results, with analysts predicting earnings of $5.2bn, a drop of around 30% year on year.
Binance.US Backs Out of Voyager Asset Purchase Deal
Voyager said April 25 that Binance.US no longer intends to go through with the purchase of its assets.
Coinbase Goes Offensive Against The SEC With Lawsuit Targeted At Regulatory Clarity
The Securities and Exchange Commission (SEC) regulatory approach has come under fire by crypto executives and commentators in recent months after the commission filed actions against firms without clear-cut regulations.
Venom Foundation Announces the Release of its Public Testnet
Venom, a Layer-1 blockchain that operates out of the Abu Dhabi Global Market (ADGM), today announced that its public testnet is officially live. The milestone marks a significant accomplishment in Venom’s roadmap as it prepares to launch on mainnet. Along with the testnet launch, Venom has also unveiled a host of in-house developed decentralized applications as part of its growing ecosystem.
TerraCVita Plans to Relaunch Terraport on Terra Classic After Certik Audit
TerraCVita disclosed that the Certik audit is now underway and the team plans to relaunch Terraport to help rebuild the Terra Classic chain.
Market Watch
As of press time, according to Cointime data:
BTC 's live price is $28,203.68 USD, jumped by 2.98% in the last 24 hours;
ETH’s live price is $1,866.94 USD, jumped by 1.93% in the last 24 hours;
BNB’s live price is $336.91 USD, jumped by 1.68% in the last 24 hours;
XRP's live price is $0.46 USD, jumped by 2.02% in the last 24 hours.
Fundraising News
Animoca Brand’s Subsidiary TinyTap Closes $8.5 Million Funding Round
TinyTap – a technological startup that empowers users to create different educational game-based activities – secured an $8.5 million fundraiser.
Amboss Technologies Raises $4M Seed Round To Enhance Lightning Network for Bitcoin Payments
Amboss Technologies, an Oregon-based crypto firm focused on Lightning Network, has raised $4 million in seed funding to provide data analytics to service providers maintaining the network. The round was led by Stillmark and includes participation from Valor Equity Partners, Draper Associates, Fulgur Ventures, and Ride Wave Ventures.
S&P Global, Coinbase Back $6M Fundraise for Crypto Firm Credora
Credora, a provider of institutional credit infrastructure that straddles centralized and decentralized finance (DeFi), has raised $6 million in a strategic funding round that included S&P Global and Coinbase Ventures as investors. The capital will help build out the technology and bolster Credora’s private computation technology that’s used to underwrite and monitor borrowers.
Hiring Ecosystem CV Wallet Raises $1.1 Million in Angel Investment
CV Wallet, the skills-based hiring platform that harnesses the latest Web3 and AI technologies, has raised $1.1 million in an angel investment round.
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