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Former Binance.US chief raises $20M for stablecoin network

The stablecoin market, which is dominated by Tether and Circle, is worth more than $214 billion.

Layer-1 stablecoin payments network 1Money has raised more than $20 million in seed funding to further develop its digital payments infrastructure. 

According to a Jan. 16 announcement, more than two dozen venture capital firms participated in the seed round, including F-Prime Capital, Galaxy Ventures, Hack VC, Tribe Capital, Kraken Ventures, KuCoin Ventures, BitGo Ventures, Bankless Ventures, MoonPay Ventures, Portage and Ethereal Ventures. 

1Money said its protocol is developed solely for stablecoin payments using a patent-pending Byzantine consistent broadcast design.

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Crypto projects need more visionary funding for long-term growth

It’s time to move past market hype and focus on sustainable development.

Opinion by: Kori Higgins, director of investor relations and growth at the Web3 Foundation 

The euphoria that erupted in crypto markets following the outcome of the US presidential race solidified Bitcoin’s status as a mature asset class in the eyes of the global investor community. The recent market backdrop unleashed arguably the most potent crypto bull run in its 16-year history, pushing the price of Bitcoin (BTC) past the $100,000 barrier. 

The fervent activity of institutional investors further propelled Bitcoin’s recent price rally. While most in Web3 welcome the inflow of institutional money into crypto, the level at which these investors will drive innovations forward and support true breakthroughs in Web3 technology is questionable. 

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Dogecoin to $1? Traders say a 140% DOGE rally could happen before February

Sigma Capital’s $100M fund plans to invest in 100 Web3 projects

The Dubai-based venture capital firm said it plans to invest in 100 early-stage Web3 projects, 25 liquid tokens and 10 fund-of-fund allocations.

Cryptocurrency venture capital firm Sigma Capital has launched a $100 million investment fund, tipping plans to invest in Web3 startups across the United Arab Emirates and globally.

According to the announcement, the capital will be used to invest in early-stage Web3 companies and liquid tokens in the decentralized finance, blockchain infrastructure, metaverse, gaming and real-world asset (RWA) tokenization markets. 

The capital will also be used for fund-of-fund allocations, a portfolio diversification strategy that distributes capital to a group of funds.

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Dogecoin to $1? Traders say a 140% DOGE rally could happen before February

Swiss-Based Hashgraph Group Secures License to Launch $100M Web3 Fund

Swiss-Based Hashgraph Group Secures License to Launch 0M Web3 FundThe Hashgraph Group has obtained a fund management license from the Abu Dhabi Global Market (ADGM) enabling it to launch a $100 million Web3 venture fund. Venture Fund to Back Hedera Network Innovators The Swiss-based Hashgraph Group has secured a fund management license from the Abu Dhabi Global Market (ADGM) in the United Arab Emirates. […]

Dogecoin to $1? Traders say a 140% DOGE rally could happen before February

Avalanche raises $250M ahead of Avalanche9000 launch

The locked-token sale saw participation from more than 40 companies.

Layer-1 blockchain Avalanche announced the closure of a $250 million private locked-token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital on Dec. 12. 

More than 40 companies joined the token sale including SkyBridge, SCB Limited, Hivemind, Big Brain Holdings, Hypersphere, Lvna Capital, Republic Capital, Morgan Creek Digital, FinTech Collective and others. 

The raise comes ahead of the launch of the “Avalanche9000” network upgrade, purported to be the most significant upgrade in Avalanche’s history. 

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Dogecoin to $1? Traders say a 140% DOGE rally could happen before February

Partior Series B funding reaches $80M on Deutsche Bank investment

Deutsche Bank joins fellow investors Peak XV Partners, JP Morgan, Jump Trading Group, Standard Chartered, Temasek and Valor Capital Group.

German banking conglomerate Deutsche Bank joined the second Series B funding round held by blockchain firm Partior, bringing its total funding raised across the series to $80 million.

Founded in 2021, Partior began Series B fundraising in June 2024 after closing a successful Series A round at $31 million in 2022. To date, the firm boasts more than $111 million raised across both series. 

Its A series was reportedly led by Standard Chartered Bank, with the participation of founding shareholders JPMorgan Chase, DBS Bank and Temasek. The Series B round was led by Peak XV Partners. 

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Dogecoin to $1? Traders say a 140% DOGE rally could happen before February

Ex-Pimco, Millennium execs set up crypto advisory business

After leaving crypto liquidity firm GSR in 2023, former Millennium and Pimco executives are coming back to crypto by launching a dedicated advisory firm.

Two former executives at major American investment management firms, Millennium Management and Pacific Investment Management Co (Pimco), are reentering the cryptocurrency space amid a major market rally.

Millennium’s ex-portfolio manager Benoit Bosc and Pimco’s former executive vice president Michael Bressler left their posts to set up a new crypto consultancy firm, x2B, Bloomberg reported on Nov. 11.

Expected to launch in November 2024, x2B will advise crypto projects on sectors like fundraising, tokenomics and market-maker strategy, exchange listing and treasury management.

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Dogecoin to $1? Traders say a 140% DOGE rally could happen before February

Bitget Wallet launches $20M grant for Telegram Mini Apps

Despite TON’s TVL dropping more than 50% since July, Bitget Wallet and Foresight Ventures have given another boost to Telegram’s Mini App ecosystem.

Bitget Wallet, a non-custodial cryptocurrency wallet by Bitget exchange, continues promoting crypto adoption on Telegram by launching a new funding initiative for Telegram Mini Apps.

Crypto investment firm Foresight Ventures and Bitget Wallet on Nov. 11 jointly launched a new $20 million support program for Telegram Mini Apps, according to an announcement shared with Cointelegraph.

The new funding program aims to support the development of new projects in Telegram’s Mini App ecosystem and create new opportunities for developers and projects.

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Dogecoin to $1? Traders say a 140% DOGE rally could happen before February

Republicans won the Senate, but 2 crypto races are still up for grabs

Democrat Ruben Gallego was leading in a race for Arizona’s Senate race, while Republican Sam Brown trailed in Nevada. 

Republican lawmakers in the United States have already flipped enough seats to secure a slim majority in the Senate for 2025, but the outcome for two candidates who received support from crypto-backed political action committees (PACs) and executives has yet to be determined.

As of Nov. 8, Republican Kari Lake was trailing Democrat Ruben Gallego in the race for an Arizona Senate seat. Lake has claimed to be a “pro-crypto candidate,” pledging to support some of Donald Trump’s policies on digital assets and Bitcoin (BTC), but did not appear to have received any campaign contributions from industry leaders or support from crypto-backed PACs.

The Fairshake PAC and its affiliates spent more than $10 million on media buys supporting Gallego, who led in the race against Lake with roughly 77% of votes counted at the time of publication. The Arizona lawmaker currently represents the state’s 3rd congressional district and voted in favor of the Financial Innovation and Technology for the 21st Century Act while in office.

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Dogecoin to $1? Traders say a 140% DOGE rally could happen before February

After US election wins, the crypto industry looks to the 2026 midterms

Contributions from Coinbase and statements from executives suggested that crypto companies were likely to keep pouring money into future US elections. 

Though reporting varies and may still come in after all the elections are called, many experts said crypto interest groups and political action committees (PACs) spent more than $100 million through campaign contributions and media buys supporting or opposing political candidates in the United States — a strategy that is unlikely to change after 2024.

As of Nov. 7, more than 200 candidates running for the House of Representatives, Senate, and White House who had expressed support for digital assets and blockchain had won their respective 2024 races. Among some of the biggest wins crypto leaders claimed would be good for the industry included Republican Donald Trump for US President and Bernie Moreno for one of Ohio’s Senate seats. 

“The Ohio race was actually incredibly impactful and really proved just how powerful the crypto lobby is now,” Exodus chief legal officer Veronica McGregor told Cointelegraph, adding: 

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Dogecoin to $1? Traders say a 140% DOGE rally could happen before February