Sharding Weekly: Pumpfun Revenue and Profit Exceed $100M, Wasabi Protocol Launches New Features
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Sharding Weekly: Pumpfun Revenue and Profit Exceed $100M, Wasabi Protocol Launches New Features
Welcome to Sharding Weekly Issue 47, featuring highlights on news, narratives, and primary market fundraising!
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-quality projects through research and investment, and continuously promoting them by building compelling narratives. Sharding Capital is the investment arm of Shard Labs.
Welcome to issue 47 of *Sharding Weekly*, featuring highlights on news, narratives, and primary market fundraising!
Highlights
▪️ Create images on Heurist and earn rewards!
▪️ OMOSwapx has listed $PUFF on Mantle.
▪️ GOAT Network offers ongoing BTC yields for all users who lock BTC on their L2 network.
▪️ Wasabi Protocol announces new features: Take-Profit and Stop-Loss.
NEW
▪️ SEC warns FTX against repaying creditors with stablecoins (other cryptocurrencies)
▪️ FTX will begin returning $16 billion to creditors starting in Q4 2024
▪️ Qatar introduces a comprehensive regulatory framework for digital assets to boost its financial sector
▪️ Mark Uyeda: The SEC should create a "customized" S-1 form for digital asset securities
▪️ Pumpfun has earned over $100M
▪️ Switzerland’s fourth-largest bank, Zürcher Kantonalbank, launches Bitcoin and Ethereum trading
▪️ a16z and Union Square Ventures summoned by New York regarding Uniswap
▪️ Polygon's token migration from MATIC to POL has begun
▪️ Trump-endorsed DeFi project to be built on Ethereum and Aave
▪️ Uniswap reaches $175,000 settlement with CFTC over digital asset trading
▪️ $PNP suffers attack, approximately $27 million in assets drained
▪️ Nvidia says it has not received subpoena from the Department of Justice
▪️ Coinbase CFO states Kamala Harris is using the company to accept crypto donations
▪️ Mastercard launches crypto debit card in Europe, enabling spending from self-custody wallets across 100 million merchants
▪️ Binance bans former CEO Changpeng Zhao from operating the company for life, confirmed by CEO Richard Teng
▪️ Donald Trump officially announces formation of a government efficiency council led by Elon Musk to audit U.S. agencies
▪️ VanEck to close and liquidate its Ethereum futures ETF, EFUT
▪️ Judge denies Coinbase motion to dismiss shareholder lawsuit over SEC risks
▪️ Libre launches Brevan Howard, BlackRock, and Hamilton Lane funds on Aptos
▪️ Telegram updates rules allowing moderation of private chats after CEO Pavel Durov was arrested in France for failing to control illegal content
▪️ WisdomTree withdraws S-1 filing for its Ethereum Trust
▪️ Study shows U.S. crypto lobbying spending surged 1386% since 2017
Primary Market Fundraising
Infrastructure
▪️ Cycle Network announces investment from Manta Network.
▪️ Monocoy Association announces private token sale of $940k (totaling $4.2M) in its final funding round.
Blockchain Services
▪️ TrendX announces $5M Series A funding (total $6M).
▪️ HypernativeLabs announces $16M Series A funding led by Quantstamp.
Chain
▪️ Kroma announces Series A funding.
DeFi
▪️ Pencils Protocol announces strategic investment led by Taisu Ventures at an $80M valuation.
▪️ Vanilla Finance announces strategic investment from HTX Ventures.
Stablecoin
▪️ IDA completes $6M seed round led by Hashed and CMCC Global.
GameFi
▪️ Yooldo announces investment from Consensys.
▪️ CryptoHunter announces $2.8M private token sale.
▪️ Puffpaw announces $6M seed round led by Lemiscap.
▪️ Balance announces $30M funding round led by a16z and Galaxy Interactive.
Social
▪️ UXLINK announces investment from Animoca Brands.
▪️ Arris announces funding.
▪️ DropNest announces investment from MantaNetwork.
▪️ BLABLA announces seed funding round.
Shard Labs is an organization focused on promoting and accelerating Web3 projects, committed to discovering high-quality projects through research and investment and continuously promoting them through narrative building. Sharding Capital is the investment division of Shard Labs.
Shard Labs offers a range of services including marketing, KOL coordination, and project fundraising, supporting blockchain startups in a forward-looking manner. Team members come from the Middle East, South Korea, Japan, China, and Europe. With a professional team, deep industry experience, and extensive resources, Shard helps projects stand out in the Web3 space and gain greater visibility within the industry.
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