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Cryptocurrency Venture Capital Firm Archetype Raises $100 Million for Its Third Fund

2 hours ago

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 mobile games.
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Orderly Launches No-Code DEX Building Tool Orderly ONE

On September 23rd, the Orderly, a liquidity infrastructure project, launched Orderly ONE. This enables users to set up high-performance perpetual contract DEX within minutes without the need to write code. Users, such as creators, funds, DAOs, or trading communities, can quickly launch a trading platform with just a simple click. It supports more than 17 mainstream blockchains like Solana, Arbitrum, Base, BNB Chain, AbstractChain, and others. The process of creating a DEX is free. Users can customize their brand and start trading immediately. To generate fee revenue, a payment of $1000 is required. Alternatively, users can use the ORDER token to enjoy a 25% discount.

2 minutes ago

The new version of "SOL MicroStrategy" FTEL saw its stock price surge over 42%, bringing its market capitalization to $14 million.

On September 23rd, the new version of "SOL Microstrategy" FTEL witnessed a more than 42% increase in its stock price, which propelled its market value to $14 million.
Before this, the publicly traded company Fitell Corporation obtained a $100 million funding round and is going to adopt a Solana treasury strategy.

2 minutes ago

「Buddy」 quickly liquidated ASTER long position, taking a profit of $7,659

On September 23rd, as monitored by AI Auntie @ai_9684xtpa, the "buddy" address closed its ASTER long position 50 minutes ago and only earned $7,659. The remaining ETH and PUMP positions are facing a combined unrealized loss of nearly $16 million.

2 minutes ago

Publicly traded company Fitell Corporation has secured a $100 million funding round and will adopt the Solana Treasury strategy

On September 23rd, Fitness equipment supplier Fitell Corporation (Nasdaq: FTEL) announced that it has obtained up to $100 million in funding to facilitate the launch of its Solana Treasury strategy. This will be the first Solana-based digital asset treasury in Australia. The company intends to deploy SOL assets in diversified on-chain DeFi and derivative strategies to achieve excess returns. The strategies encompass structured products (such as options, snowball products), on-chain liquidity provision, and other high-liquidity, downside-risk-controlled strategies. The generated returns will be channeled back into the treasury reserve, further expediting the accumulation of SOL, augmenting the per-share SOL holdings, and strengthening the alignment with the Solana community.

2 minutes ago

Baumann: Expects Three Interest Rate Cuts by 2025

On September 23rd, Federal Reserve Governor Bowman expressed that it is anticipated to reduce interest rates three times by 2025. Currently, it is significantly more straightforward to provide support to the labor market through interest rate cuts rather than waiting until the market collapses and then attempting to repair it. (Xinhua Finance)

2 minutes ago

Aster 24-hour Perpetual Contract Trading Volume Surpasses Hyperliquid, Surpassing $11.8 Billion

On September 23rd, the trading volume of Aster's 24-hour perpetual contract exceeded $11.8 billion, surpassing Hyperliquid.

2 minutes ago

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