Solana rally follows Bitcoin price as SOL data points to traders’ $200 target

November 5, 2024 Coin Telegraph

Bitcoin

Solana gains alongside Bitcoin’s US election-related rally, and data hints that SOL price could hit $200.

Solana’s native token SOL (SOL) opened the day with a 5.3% gain to trade slightly above $167. The move accompanied Bitcoin’s (BTC) US election day rally to $70,550, and for many traders, the desired target for SOL rests closer to $200.

Currently, onchain data and derivatives market metrics suggest that SOL’s rally could continue in the short-term.

Solana continues to lead in decentralized exchange (DEX) volumes, a clear indicator of user activity and transaction fees, both of which are crucial for fostering sustainable growth and encouraging further project and trader adoption.

Lightchain AI Testnet Launches, Raising M—One Presale Stage Left

Lightchain AI Testnet Launches, Raising $15M—One Presale Stage Left

Sequoia to make $100M windfall from Stripe’s Bridge acquisition: Report

October 29, 2024 Coin Telegraph

Acquisition

Sequoia Capital owns 16% of Bridge, which is set to be acquired by payments platform Stripe for $1.1 billion.

Venture capital firm Sequoia Capital, which owns 16% of stablecoin platform Bridge, could rake in over $100 million from Stripe’s $1.1 billion acquisition deal of the firm.

Sequoia made a $19 million investment in the crypto firm’s Series A round, which took place within the last year, Bloomberg reported on Oct. 29, citing people familiar with the matter.

Other VC firms are also set for hundreds of millions of dollars in windfall from their stakes in Bridge, including Ribbit Capital, Haun Ventures, Index Ventures, and Bedrock Fund Management.

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Fireblocks launches $1M grant program to boost PYUSD developer adoption

October 24, 2024 Coin Telegraph

Fireblocks launches M grant program to boost PYUSD developer adoption

Coin Telegraph

As part of the program, developers can apply for up to $60,000 in grant funding to support their projects.

Digital assets management platform Fireblocks has announced the launch of a $1 million grant program for companies building blockchain-based projects using the PayPal USD (PYUSD) stablecoin.

Qualifying projects will be eligible for up to $60,000 in grants as part of the program, which was extended on Oct. 24 after an extensive beta period with payment companies KoraPay and Bridge.

“Our pilot has already shown the transformative impact PYUSD can have, and we look forward to seeing businesses create real-world use cases that take advantage of what stablecoins can offer,” said Ran Goldi, the senior vice president of payments and networks at Fireblocks, in an announcement.

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AI startups draw record $11.8B funding in Q3

October 9, 2024 Coin Telegraph

AI startups draw record .8B funding in Q3

2024

According to Stocklytics, AI startups accounted for 30% of total venture capital funding in the third quarter of 2024.

Despite a general decline in venture capital funding, artificial intelligence startups saw another quarter of strong cash injections.

According to data compiled by analytics company Stocklytics, AI startups raised $11.8 billion during the past 90 days, accounting for 30% of total venture capital funding in the third quarter of 2024.

The surge occurred despite the United States increased export restrictions on AI chips, valuation uncertainties, and earlier disappointing earnings from startups, creating a mixed landscape for investors.

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AI Powerhouse Openai Reportedly Seeking to Raise $6.5 Billion at a $150 Billion Valuation

September 14, 2024 Bitcoin.com

AI Powerhouse Openai Reportedly Seeking to Raise .5 Billion at a 0 Billion Valuation

Openai, the company at the center of the artificial intelligence (AI) revolution, is reportedly seeking to raise $6.5 billion from investors, reaching a valuation of $150 billion. According to Bloomberg, the funds would be used to support the need for computing power and other expenses, as stated in a memo sent to employees last month. […]

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Blockchain music startup Tune.fm raises $50M from Global Emerging Markets

September 12, 2024 Coin Telegraph

Blockchain

The fresh capital brings Tune.fm's total funding to $80 million. The funds will be used to reward artists and users within the platform.

Decentralized music streaming platform Tune.fm has a new investor. According to a Sept. 12 announcement, the protocol has received $50 million in capital from Global Emerging Markets, bringing its total funding to date to $80 million.

The new investment will be allocated to provide liquidity for the protocol’s JAM token (JAM), used within the platform to reward artists and users. Prior investors in Tune.fm include LDA Capital, Alpha Token Capital, Block Alpha, Animoca Brands, The HBAR Foundation and GDA Capital, among others.

The platform offers music streaming services with an integrated non-fungible token (NFT) marketplace. Artists receive micropayments for every second their music is streamed, while users can earn tokens by discovering and listening to newly promoted songs. The platform is powered by the Hedera blockchain.

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OpenAI fundraising could push valuation to $150B

September 11, 2024 Coin Telegraph

OpenAI fundraising could push valuation to 0B

Coin Telegraph

As fundraising unfolds, OpenAI’s valuation is expected to reach $150 billion. Several tech giants, including Apple and Nvidia, are reportedly backing the round.

Artificial intelligence startup OpenAI is in advanced talks with investors to secure $6.5 billion in funding, which would raise its valuation to $150 billion.

According to a Sept. 11 Bloomberg report citing sources familiar with the matter, the new valuation does not include the money being raised. The startup is also seeking an additional $5 billion in debt from banks in the form of a revolving credit facility — a flexible line of credit that would allow OpenAI to draw, repay, and redraw funds as needed.

The new figure is well above the $86 billion valuation from the company’s tender offer in February.

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Hypernative Secures $16 Million in Series A Funding to Enhance Web3 Security

September 3, 2024 Bitcoin.com

Hypernative Secures Million in Series A Funding to Enhance Web3 Security

AI-driven solutions

Hypernative has successfully secured $16 million in a Series A funding round spearheaded by Quantstamp, with other notable investors joining the fray. This new capital will be channeled into enhancing its artificial intelligence (AI)-driven security solutions tailored for the Web3 ecosystem. Hypernative Garners $16M Funding to Fortify Web3 Security With AI Solutions In a blog […]

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Space and Time Secures $20 Million in Series A Funding to Enhance AI and Blockchain

August 27, 2024 Bitcoin.com

Space and Time Secures Million in Series A Funding to Enhance AI and Blockchain

Space and Time (SxT) Labs has announced the completion of a $20 million Series A funding round, led by Framework Ventures and supported by several prominent investors. SxT Labs disclosed that the funding aims to accelerate the company’s development of tools that bridge the gap between artificial intelligence (AI) and blockchain technology. Space and Time […]

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PIP Labs secures $80M for Story Protocol, valuation hits $2.25B

August 21, 2024 Coin Telegraph

PIP Labs secures M for Story Protocol, valuation hits .25B

A16Z

Story Protocol’s Series B was co-led by a16z Crypto and Polychain Capital. The funds were targeted at developing its L1 blockchain, designed for IP tokenization.

Palo Alto-based startup PIP Labs has announced an $80-million Series B funding round co-led by a16z Crypto and Polychain Capital to support the development of Story Protocol, a layer-1 blockchain designed specifically for managing intellectual property (IP).

Several other investors participated in the round, including Hashed, Foresight Ventures, Samsung Next, Mirana Ventures, SparkLabs Global and angel investors. In total, PIP Labs has received $140 million in funding, with a16z Crypto participating in three funding stages, from seed to Series B.

According to Bloomberg, this latest round boosts the startup’s valuation to $2.25 billion, though PIP Labs has not confirmed or denied the figure.

Funding

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