Arthur Hayes just spent 375,000 USDC to buy 1630 AAVE tokens
On September 23rd, as per the monitoring of LookOnChain, Arthur Hayes has just utilized 374,999 USDC to purchase 1,630 AAVE tokens, with an average price of $230.
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Cryptocurrency Venture Capital Firm Archetype Raises $100 Million for Its Third Fund
On September 23rd, as reported by Fortune, the crypto venture capital firm Archetype has managed to raise $100 million for its third fund.
Archetype is said to have raised its first fund of $55 million in 2021. Subsequently, during the peak of the 2022 crypto bull market, it raised a second fund of $155 million. Although the size of Archetype's third fund is smaller at $100 million, Egan mentioned that this was a deliberate decision. The firm chose the right limited partners (LP) and added only one new LP. Archetype's investors encompass pensions, foundations, sovereign wealth funds, and other institutional investors. For instance, there are funds from Accolade Partners and TrueBridge Capital, as well as the top-tier venture capital firm Sapphire Ventures.
Archetype's next round of investments will place greater emphasis on consumer-facing companies. One such company is Remix, an application that integrates cryptocurrency and artificial intelligence, enabling users to create m
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Cloudburst has completed a $7 million Series A funding round, led by Borderless Capital
On September 23rd, as per the report in Coindesk, Cloudburst Technologies declared the accomplishment of a $7 million Series A funding round for the development of its off-chain cryptointelligence platform. This funding round was spearheaded by Borderless Capital, and other supporters encompassed Strategic Cyber Ventures, CoinFund, Coinbase Ventures, Bloccelerate VC, and In-Q-Tel. The total amount raised by the company since its establishment in 2022 through this funding round amounts to $11 million. The funds will be utilized to augment Cloudburst's artificial intelligence and data science team, expedite product development, and widen its market reach, catering to financial institutions, regulatory bodies, and crypto-native enterprises.
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Hong Kong Security Bureau Partners with Virtual Asset Platforms to Establish "Freeze Payment Mechanism" to Combat Fraud
September 23rd. According to Hong Kong Wireless News, Hong Kong Secretary for Security John Lee Ka-chiu announced that there has been a rise in scams that utilize virtual assets for fraud. The Security Bureau has established a Virtual Asset Intelligence Task Force and is working together with virtual asset platforms to set up a "payment halt mechanism" for fraud cases.
John Lee Ka-chiu further stated that in the past, some fraud cases involved bank transfers. However, now fraudsters are obtaining funds through virtual asset platforms. Virtual asset service providers must have a mechanism in place. If a fraud case is discovered and the money is still within the virtual asset platform, similar to the banking system, these funds should not be released anymore; a payment halt should be initiated first.
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Deposits of USDe on the Binance platform have surged significantly to 727 million coins.
On September 23rd, according to Dune data, since Binance's announcement yesterday regarding the launch of a USDe activity with an annual percentage yield (APY) of 12%, the deposits of USDe on the Binance platform have surged to 727 million.
On September 9th, the deposits of USDe on Binance were only 21.09 million, and on September 21st, they reached 88.1 million.
BlockBeats previously reported that Binance announced yesterday the launch of a time-limited USDe reward plan. During this event, eligible users who hold a minimum of 0.01 USDe in their Binance accounts for at least 24 hours can enjoy a 12% APY reward.
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ASEAN Digital Economy Channel (ADEC) has started its trial broadcast, paving the way for the MediaFi market with a combination of "Satellite+AI+Web3."
September 23rd. Today, the ASEAN Digital Economy Channel (ADEC) launched its inaugural Cryptocurrency Empire AI documentary. This documentary reached 1.28 billion ASEAN users through satellite broadcasting. It integrated AI and Web3 to establish a MediaFi new ecosystem. ADEC has now launched a global partnership program to empower Web3 enterprises in their international expansion and ecosystem development.
Previously, on August 6th, ADEC announced its official partnership with OKX, aiming to bring OKX Academy's educational content to ASEAN users.
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