Sharding Weekly: Entanglefi has launched on Omnipoints
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Sharding Weekly: Entanglefi has launched on Omnipoints
Welcome to Sharding Weekly Issue 44, highlighting news, narratives, and primary market funding!
Navigating Web3 tides with focused insightsAuthor: chung, Shard Labs
Shard Labs is an organization dedicated to promoting and accelerating Web3 projects, focusing on identifying high-potential ventures through research and investment while driving sustained growth via narrative building. Sharding Capital is the investment arm of Shard Labs.
Welcome to Issue 44 of Sharding Weekly, highlighting key developments in news, narratives, and primary market fundraising!
Highlights
▪️ On TimeSwap, users can earn 600x POWDER rewards using mETH and PT-mETH (Pendlefi)
▪️ Stake Uniswap, Aave, LDO, or Curve tokens to earn Wasabi Protocol points and trade with up to 5x leverage!
▪️ Solayer Labs is launching its mainnet featuring Bonk, AltLayer, SonicSVM, and Hashkey
▪️ Zaponchain has launched reward programs on Base chain along with the ZAP Value Index
▪️ Entanglefi has officially launched Omnipoints
NEW
▪️ Bitcoin miner Marathon raises $250 million to purchase more BTC
▪️ The U.S. SEC sends letters to venture capital firms including a16z and Union Square Ventures via Uniswap
▪️ DBS, Singapore’s largest bank, launches blockchain-powered “treasury token” pilot
▪️ Uniswap's cumulative frontend revenue exceeds $50 million
▪️ After CRV’s 4-year milestone, inflation drops to 6.35%, issuing 375k CRV daily
▪️ U.S. inflation rate falls to 2.9%, below expectations
▪️ 10,000 Silk Road BTC ($593.5 million) moved to Coinbase Prime
▪️ Chicago-based HFT firm DRW Venture Capital discloses $150 million in Ethereum ETF holdings
▪️ $2.8 trillion asset manager Goldman Sachs discloses $418 million in Bitcoin ETF holdings
▪️ MetaMask launches MetaMask Card: the world’s first Mastercard debit card enabling instant spending directly from self-custodied wallets
▪️ Coinbase hints at launching a new tokenized Bitcoin product called cbBTC
▪️ The U.S. SEC approves the first leveraged long MicroStrategy ETF
▪️ $1.4 trillion: Morgan Stanley purchases $187 million worth of Bitcoin ETFs for its own portfolio
▪️ Senate Majority Leader Schumer expresses confidence in passing bipartisan crypto legislation by year-end
▪️ Binance relaunches Indian operations after securing local license
▪️ Dubai court rules that paying salaries in cryptocurrency is acceptable
▪️ South Korea's NPS, the world’s third-largest public pension fund, buys $34 million in @MicroStrategy shares
▪️ MakerDAO removes WBTC as collateral for DAI, bans WBTC borrowing and usage as collateral on SparkLend, and slashes DAI Savings Rate (DSR) to 6% following latest vote
▪️ $1.5 trillion: Franklin Templeton files for a "Crypto Index ETF," initially holding Bitcoin and Ethereum
▪️ VanEck and 21Shares Solana ETF Form 19b-4 appears removed from CBOE website
▪️ Nigeria tax regulator proposes comprehensive crypto bill
Primary Market Fundraising
DeFi
▪️ Ion Protocol and Nucleus raise $4.8m ($7m total) in round led by Gumi Cryptos
▪️ Based VC Fund secures $2m seed funding
▪️ Satflow raises $7.6m seed round led by Variant Fund
▪️ Orderly Network completes $5m strategic financing
GameFi
▪️ Televerse TON raises $1m seed round led by Summer Capital
Blockchain Services
▪️ Essential raises $11m Series A led by Archetype VC
▪️ Rhinestone raises $5m Series A led by 1kx
▪️ Myshell AI announces investment from Binance Labs
▪️ Chaos Labs raises $55m Series A led by Haun Ventures
▪️ Sling Money raises $15m Series A co-led by USV, Ribbit Capital, and Slow
▪️ Crunch DAO raises $3.5m seed round led by Multicoin Capital
▪️ GoldilocksMoney raises $1.5m seed round led by Shima Capital and Hack VC
AI
▪️ SaharaLabs AI raises $37m ($43m total) Series A led by Pantera Capital, Binance Labs, and Polychain
▪️ Rivalz AI raises $9m from Delphi Ventures, Magnus Fund, Gate.io, D1 Ventures, and CogitentV
Chain
▪️ Reddio.com announces seed round led by Arena Holdings and Paradigm
CeFi
▪️ Parfin.io completes $10m Series A led by Parafi Capital
▪️ WSPN Payment closes $30m seed round led by Foresight Ventures and Folius Ventures
Shard Labs is an organization focused on promoting and accelerating Web3 projects, dedicated to discovering high-quality ventures through research and investment, and continuously advancing them through narrative development. Sharding Capital is the investment division of Shard Labs.
Shard Labs offers a full suite of services including marketing, KOL outreach, and fundraising support, helping blockchain startups grow in a forward-thinking manner. Team members hail from the Middle East, South Korea, Japan, China, and Europe. With a professional team, deep industry experience, and extensive network, Shard Labs empowers projects to stand out in the Web3 space and gain broader recognition across the ecosystem.
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