26 days ago
🌟 Temi Community Update 🌟
Here’s everything you need to know:
🎶 TEMITunes Music App – Own, mint, and unlock songs directly on Solana! This app is underway, with significant resources invested to make it truly next-level.
🔥 100-Song Collection – 9 tracks are already live, with many more coming to unlock through the app.
👕 Merchandise Launch – We’re finalizing unique, in-house heat press designs. Expect it soon!
💥 V3 NFT Holders – Your characters will be featured on the merch and exclusive animation series!
Let’s keep making history together! 🚀
Here’s everything you need to know:
🎶 TEMITunes Music App – Own, mint, and unlock songs directly on Solana! This app is underway, with significant resources invested to make it truly next-level.
🔥 100-Song Collection – 9 tracks are already live, with many more coming to unlock through the app.
👕 Merchandise Launch – We’re finalizing unique, in-house heat press designs. Expect it soon!
💥 V3 NFT Holders – Your characters will be featured on the merch and exclusive animation series!
Let’s keep making history together! 🚀
2 months ago
Every month, set new goals for yourself:
- Profit goals
- Activity hours in front of your monitor (per day)
- Amount to withdraw to your bank
- Win rate
- Dedicate some time to finding new wallets to track
- Invest time into improving your entry & exit timings & learning TA
Opportunities like these don't last forever, lock in
- Profit goals
- Activity hours in front of your monitor (per day)
- Amount to withdraw to your bank
- Win rate
- Dedicate some time to finding new wallets to track
- Invest time into improving your entry & exit timings & learning TA
Opportunities like these don't last forever, lock in
2 months ago
🚨 Asian private wealth managers embrace crypto.
Some even predict that Bitcoin will reach $100 ,000 by the end of the year.
76% of Asian family offices and high net worth individuals investing in crypto compared to 58% in 2022 according to a report by Aspen Digital.
16% planning to do so in the future.
Most respondents had between $10 million and $500 million in assets under management.
DeFi remained a strong area of interest, with 67% of respondents interested, followed by 61% in AI and 50% in DePin.
47% in RWAs.
Some even predict that Bitcoin will reach $100 ,000 by the end of the year.
76% of Asian family offices and high net worth individuals investing in crypto compared to 58% in 2022 according to a report by Aspen Digital.
16% planning to do so in the future.
Most respondents had between $10 million and $500 million in assets under management.
DeFi remained a strong area of interest, with 67% of respondents interested, followed by 61% in AI and 50% in DePin.
47% in RWAs.
2 months ago
🚨 Canary Capital files with SEC for Litecoin ETF.
Canary Capital said it believes Litecoin presents a unique and compelling opportunity for investors seeking exposure to the cryptocurrency.
This reflects continued interest in crypto-backed ETFs.
“As one of the oldest blockchains with 100% uptime since its inception, Litecoin has demonstrated a proven track record of security and reliability with significant enterprise-grade use cases.”
Canary Capital said it believes Litecoin presents a unique and compelling opportunity for investors seeking exposure to the cryptocurrency.
This reflects continued interest in crypto-backed ETFs.
“As one of the oldest blockchains with 100% uptime since its inception, Litecoin has demonstrated a proven track record of security and reliability with significant enterprise-grade use cases.”
2 months ago
🚨 Grayscale places $Doge , Worldcoin, $Pyth and $Rune on a list of 35 cryptocurrencies with high potential.
Grayscale has listed 35 cryptocurrencies broken down into 5 main categories:
🔹 Coins
🔹 Smart Contract Platforms
🔹 Finance
🔹 Culture
🔹 Public services.
Grayscale is considering potentially including them in its selection of crypto investment products.
Grayscale has listed 35 cryptocurrencies broken down into 5 main categories:
🔹 Coins
🔹 Smart Contract Platforms
🔹 Finance
🔹 Culture
🔹 Public services.
Grayscale is considering potentially including them in its selection of crypto investment products.
2 months ago
🚨 Global liquidity is increasing, meaning that major central banks are starting to inject money into the global financial system.
👉 This influx of liquidity is important because it increases interest in risky assets, notably #Bitcoin and #cryptomonnaies .
👉 Historically, when there is an increase in overall liquidity, investors tend to place their money in more volatile assets, such as #Bitcoin .
👉 As in 2013, 2017 and 2020, an increase in overall liquidity coincided with the #BullRuns .
It is clear that global liquidity levels play a crucial role. Sure, there are 4-year cycles related to halving and elections, but the market is primarily driven by global liquidity.
It’s all connected. 🔗
💰 Halving + Elections + Rising Global Liquidity = BullRun. 🚀
👉 This influx of liquidity is important because it increases interest in risky assets, notably #Bitcoin and #cryptomonnaies .
👉 Historically, when there is an increase in overall liquidity, investors tend to place their money in more volatile assets, such as #Bitcoin .
👉 As in 2013, 2017 and 2020, an increase in overall liquidity coincided with the #BullRuns .
It is clear that global liquidity levels play a crucial role. Sure, there are 4-year cycles related to halving and elections, but the market is primarily driven by global liquidity.
It’s all connected. 🔗
💰 Halving + Elections + Rising Global Liquidity = BullRun. 🚀
2 months ago
The AI x Crypto narrative is on a tear and
bittensor_
's $TAO token is leading the way 🚀
Here's why 👇
======================
As one of the most prominent projects in this space, Bittensor is positioning itself as the project to watch.
At its core, Bittensor is pushing a new frontier: creating a decentralized network where AI models can be trained and shared in a way that aligns incentives for both developers and users.
As the subnet limit is progressively expanded — and eventually removed altogether — the potential for exponential growth within the Bittensor ecosystem becomes clear. More subnets mean more AI models, more collaboration, and more growth for the ecosystem.
Crucially, all this activity increases demand for TAO itself. Since TAO is required to acquire any subnet token, the introduction of dTAO could further fuel its demand, making Bittensor even more attractive to investors.
TAO’s Halving in 2025
Bittensor is approaching its first halving event, slated for late 2025. Much like Bitcoin’s halving cycles, this event will cut the rate at which new TAO tokens are emitted by half.
Currently, the Bittensor network emits 1 TAO as block rewards (7,200 TAO daily) which are distributed among miners, validators, subnet owners, and delegators. However, when the halving occurs (triggered when 10.5 million TAO are in circulation), this emission will be halved to 0.5 TAO per block, reducing the daily supply of new TAO entering the market.
Why does this matter? When the supply of TAO is cut, it introduces scarcity. In any market, reduced supply with steady or rising demand (thanks to increasing subnets and introduction of dTAO) can only lead in one direction: upward.
Now let’s take a look at the macro level things happening in the world of AI that are considered positive for AI x crypto projects like Bittensor.
Issues with OpenAI
OpenAI is at a crossroads. Recently, news broke that OpenAI is transitioning from a non-profit control to a for-profit benefit corporation. Following this restructuring, the company’s valuation has soared to over $150 billion and they’ve raised $6 .6 billion in fresh funding.
Additionally, there’s been recent departures of key executives, including Chief Technology Officer Mira Murati and two other senior executives, raising concerns about potential internal issues.
Nonetheless, there is a broad regulatory squeeze on AI from various jurisdictions worldwide. The fact that centralized AI is subject to regulatory control highlights a fundamental flaw: it's too easy to control.
When a few large companies hold the keys to centralized AI, they become prime targets for government pressure and censorship. This is where decentralized AI platforms, like Bittensor, have the advantage. They cannot be shut down or censored by any single entity, as no one entity controls it.
Closing Thoughts
There’s a lot going right for Bittensor, and the rising token price is just the cherry on top. With existing momentum, the upcoming updates mentioned above, potential EVM support, and ongoing community development – such as the rapid integration of NousResearch’s breakthrough in distributed training into Bittensor – these are all strong indicators of Bittensor’s promise.
In a world where centralized AI is increasingly regulated, censored, and driven by profit motives, Bittensor offers a compelling alternative: a decentralized, community-driven approach that thrives on collaboration, innovation, and shared incentives. And that’s why it’s worth keeping an eye on.
Analysis by arjunnchand✍️
bittensor_
's $TAO token is leading the way 🚀
Here's why 👇
======================
As one of the most prominent projects in this space, Bittensor is positioning itself as the project to watch.
At its core, Bittensor is pushing a new frontier: creating a decentralized network where AI models can be trained and shared in a way that aligns incentives for both developers and users.
As the subnet limit is progressively expanded — and eventually removed altogether — the potential for exponential growth within the Bittensor ecosystem becomes clear. More subnets mean more AI models, more collaboration, and more growth for the ecosystem.
Crucially, all this activity increases demand for TAO itself. Since TAO is required to acquire any subnet token, the introduction of dTAO could further fuel its demand, making Bittensor even more attractive to investors.
TAO’s Halving in 2025
Bittensor is approaching its first halving event, slated for late 2025. Much like Bitcoin’s halving cycles, this event will cut the rate at which new TAO tokens are emitted by half.
Currently, the Bittensor network emits 1 TAO as block rewards (7,200 TAO daily) which are distributed among miners, validators, subnet owners, and delegators. However, when the halving occurs (triggered when 10.5 million TAO are in circulation), this emission will be halved to 0.5 TAO per block, reducing the daily supply of new TAO entering the market.
Why does this matter? When the supply of TAO is cut, it introduces scarcity. In any market, reduced supply with steady or rising demand (thanks to increasing subnets and introduction of dTAO) can only lead in one direction: upward.
Now let’s take a look at the macro level things happening in the world of AI that are considered positive for AI x crypto projects like Bittensor.
Issues with OpenAI
OpenAI is at a crossroads. Recently, news broke that OpenAI is transitioning from a non-profit control to a for-profit benefit corporation. Following this restructuring, the company’s valuation has soared to over $150 billion and they’ve raised $6 .6 billion in fresh funding.
Additionally, there’s been recent departures of key executives, including Chief Technology Officer Mira Murati and two other senior executives, raising concerns about potential internal issues.
Nonetheless, there is a broad regulatory squeeze on AI from various jurisdictions worldwide. The fact that centralized AI is subject to regulatory control highlights a fundamental flaw: it's too easy to control.
When a few large companies hold the keys to centralized AI, they become prime targets for government pressure and censorship. This is where decentralized AI platforms, like Bittensor, have the advantage. They cannot be shut down or censored by any single entity, as no one entity controls it.
Closing Thoughts
There’s a lot going right for Bittensor, and the rising token price is just the cherry on top. With existing momentum, the upcoming updates mentioned above, potential EVM support, and ongoing community development – such as the rapid integration of NousResearch’s breakthrough in distributed training into Bittensor – these are all strong indicators of Bittensor’s promise.
In a world where centralized AI is increasingly regulated, censored, and driven by profit motives, Bittensor offers a compelling alternative: a decentralized, community-driven approach that thrives on collaboration, innovation, and shared incentives. And that’s why it’s worth keeping an eye on.
Analysis by arjunnchand✍️
2 months ago
🇺🇸 The FBI created a fake crypto called “The NexFundAI Token” as part of a sting operation called “Operation Token Mirrors.”
Several crypto companies, including Gotbit and ZM Quant, CLS Global and MyTrade have been charged with market manipulation and fraud by US federal prosecutors.
Charges have been brought against 12 people linked to these companies.
They allegedly increased the trading volume of the fake NexFundAI token to $1 million on BitMart.
The SEC commended the FBI and prosecutors for their assistance in this new investigation.
Several crypto companies, including Gotbit and ZM Quant, CLS Global and MyTrade have been charged with market manipulation and fraud by US federal prosecutors.
Charges have been brought against 12 people linked to these companies.
They allegedly increased the trading volume of the fake NexFundAI token to $1 million on BitMart.
The SEC commended the FBI and prosecutors for their assistance in this new investigation.
2 months ago
🥷 According to Coinbase, unmasking Satoshi represents a real risk for investors and knowing the name of the creator of Bitcoin would no longer be important.
“Now that the [Bitcoin] network is global and robust, discovering Satoshi’s identity is only relevant for history books or entertainment.”
says Samir Kerbage, Chief Investment Officer at Hashdex.
Analysts are particularly concerned that if Satoshi were identified and alive, he might sell his BTC and drive down the price.
As a reminder, Nakamoto owns at least 1.1 million Bitcoins worth nearly $68 billion.
“Now that the [Bitcoin] network is global and robust, discovering Satoshi’s identity is only relevant for history books or entertainment.”
says Samir Kerbage, Chief Investment Officer at Hashdex.
Analysts are particularly concerned that if Satoshi were identified and alive, he might sell his BTC and drive down the price.
As a reminder, Nakamoto owns at least 1.1 million Bitcoins worth nearly $68 billion.
2 months ago
💰 Gate io announces $10 million investment in TON blockchain.
“Strategic investment to accelerate Telegram-based projects and expand the TON ecosystem”
"The TON ecosystem holds strong potential thanks to its large Telegram user base and its fast and inexpensive blockchain technology"
https://x.com/gate_io/stat...
“Strategic investment to accelerate Telegram-based projects and expand the TON ecosystem”
"The TON ecosystem holds strong potential thanks to its large Telegram user base and its fast and inexpensive blockchain technology"
https://x.com/gate_io/stat...
2 months ago
🇧🇭 National Bank of Bahrain launches its first Bitcoin investment product in partnership with ARP Digital.
This product offers accredited investors exposure to the growth of Bitcoin with 100% principal protection.
The National Bank of Bahrain manages $15 billion in assets.
This product offers accredited investors exposure to the growth of Bitcoin with 100% principal protection.
The National Bank of Bahrain manages $15 billion in assets.
2 months ago
Should you invest in memecoins & which ones should you buy?
Buying memes is essentially a high leveraged bet on Bitcoin & crypto as a whole
Memes are the chosen narrative this cycle -> as $btc surges -> memes go up 100x
For conviction bags, focus on memes above $10m market cap:
- Block out the noise and ignore low-cap shitters
- Focus on cult-communities
- Focus on cabal memes
Most importantly, have a clear exit plan. Understand that once bitcoin enters a bear market, most memes will become obsolete
In the meantime, we focus on making generational wealth
Buying memes is essentially a high leveraged bet on Bitcoin & crypto as a whole
Memes are the chosen narrative this cycle -> as $btc surges -> memes go up 100x
For conviction bags, focus on memes above $10m market cap:
- Block out the noise and ignore low-cap shitters
- Focus on cult-communities
- Focus on cabal memes
Most importantly, have a clear exit plan. Understand that once bitcoin enters a bear market, most memes will become obsolete
In the meantime, we focus on making generational wealth
2 months ago
🇦🇪 UAE eliminates taxes on all crypto transactions.
The UAE Federal Tax Authority (FTA) has announced a review of the country's VAT rules.
The new rules include exemptions for the management of investment funds, the transfer and conversion of virtual assets.
These exemptions will be applied retroactively from January 1, 2018.
The UAE Federal Tax Authority (FTA) has announced a review of the country's VAT rules.
The new rules include exemptions for the management of investment funds, the transfer and conversion of virtual assets.
These exemptions will be applied retroactively from January 1, 2018.
2 months ago
🇺🇸 A division of the U.S. Department of Homeland Security focused on cybercrime said it has prevented more than 500 ransomware attacks and seized billions of dollars in cryptocurrency since 2021.
Homeland Security Investigations investigates cybercrime and transnational illicit activities and notifies government agencies, businesses, and other potential victims that an extortion event is imminent.
HSI is said to have prevented 150 ransomware plots between October 2023 and September 30, 2024.
537 intrusions have reportedly been disrupted since its creation in 2021.
HSI has reportedly seized $4 .3 billion in cryptocurrency seizures since 2021, including $180 million last year.
Assets are recovered mainly through crypto exchanges, when hackers are arrested.
"There are definitely groups that we have our eyes on. There are gangs that are active outside of the United States that are continually looking for ways to obtain cryptocurrencies."
Homeland Security Investigations investigates cybercrime and transnational illicit activities and notifies government agencies, businesses, and other potential victims that an extortion event is imminent.
HSI is said to have prevented 150 ransomware plots between October 2023 and September 30, 2024.
537 intrusions have reportedly been disrupted since its creation in 2021.
HSI has reportedly seized $4 .3 billion in cryptocurrency seizures since 2021, including $180 million last year.
Assets are recovered mainly through crypto exchanges, when hackers are arrested.
"There are definitely groups that we have our eyes on. There are gangs that are active outside of the United States that are continually looking for ways to obtain cryptocurrencies."
2 months ago
📅 **Weekly Outlook Sep 30 - Oct 6** 📅
Stay updated with key news & events in finance and crypto! 🧵👇
---
📰 **News/Sentiment:**
- FED tracking econ data for rate cuts 📊
- Neutral stance, less dovish than expected 🕊️
- Eyes on Sept Jobs, ISM Manufacturing, Jobless Claims 📈
- Investors expect continued rate lowering 💸
- Goldman: Stocks pricier on ROE premium 📉
- BofA forecasts a soft landing 🌤️
---
📅 **Events This Week:**
**Monday:**
- 🇬🇧 UK: GP
- 🇩🇪 GER: CPI
- 🇺🇸 US: Powell Speaks 🎙️
**Tuesday:**
- 🇪🇺 EUR: Core CPI, CPI
- 🇺🇸 US: PMI, Fed GDP Now, Job Openings
- 📈 Earnings: NKE 👟
**Wednesday:**
- 🇪🇺 EUR: Unemployment 📉
**Thursday:**
- 🇺🇸 US: Jobless Claims
- 🇨🇳 CNY: CPI 🇨🇳
**Friday:**
- 🇺🇸 US: Labor Participation, Nonfarm Payroll, Unemployment Rate 📊
---
⚖️ **Risk Appetite:**
- Truflation: 1.5% 📉
- Market Fear/Greed: 75 🤑 Extreme Greed
- Market Breadth: Extreme Greed 🚀
- Put/Call: Extreme Greed
- Junk Bond vs. Investment Grade: Fear ⚠️
- AAII Sentiment: 3% off 1yr bullish 📈
- Crypto Fear/Greed: 50 Neutral 🪙
- High Yield Bond Premium: 3.68% 🔺
- High Yield Effective Yield: 7.8% 🔺
---
📊 **Market Breadth:**
- % of $SPX > 200D MA: 62% ↔️
- % of $SPX > 50D MA: 65% ↔️
- % of $SPX > 20D MA: 68% ↔️
- NASDAQ New Highs - Lows: 57
- SPY 52W Highs - Lows: -44
- SPY New H/L: Monthly 147; Weekly 19 📉
---
🔍 **Other:**
- Fed Rate Monitor: 30% chance of 50bps, 70% chance of 25bps 📉🔮
---
Stay informed and make savvy moves this week! 💰🚀 #Finance #crypto #MarketUpdate
---
Stay updated with key news & events in finance and crypto! 🧵👇
---
📰 **News/Sentiment:**
- FED tracking econ data for rate cuts 📊
- Neutral stance, less dovish than expected 🕊️
- Eyes on Sept Jobs, ISM Manufacturing, Jobless Claims 📈
- Investors expect continued rate lowering 💸
- Goldman: Stocks pricier on ROE premium 📉
- BofA forecasts a soft landing 🌤️
---
📅 **Events This Week:**
**Monday:**
- 🇬🇧 UK: GP
- 🇩🇪 GER: CPI
- 🇺🇸 US: Powell Speaks 🎙️
**Tuesday:**
- 🇪🇺 EUR: Core CPI, CPI
- 🇺🇸 US: PMI, Fed GDP Now, Job Openings
- 📈 Earnings: NKE 👟
**Wednesday:**
- 🇪🇺 EUR: Unemployment 📉
**Thursday:**
- 🇺🇸 US: Jobless Claims
- 🇨🇳 CNY: CPI 🇨🇳
**Friday:**
- 🇺🇸 US: Labor Participation, Nonfarm Payroll, Unemployment Rate 📊
---
⚖️ **Risk Appetite:**
- Truflation: 1.5% 📉
- Market Fear/Greed: 75 🤑 Extreme Greed
- Market Breadth: Extreme Greed 🚀
- Put/Call: Extreme Greed
- Junk Bond vs. Investment Grade: Fear ⚠️
- AAII Sentiment: 3% off 1yr bullish 📈
- Crypto Fear/Greed: 50 Neutral 🪙
- High Yield Bond Premium: 3.68% 🔺
- High Yield Effective Yield: 7.8% 🔺
---
📊 **Market Breadth:**
- % of $SPX > 200D MA: 62% ↔️
- % of $SPX > 50D MA: 65% ↔️
- % of $SPX > 20D MA: 68% ↔️
- NASDAQ New Highs - Lows: 57
- SPY 52W Highs - Lows: -44
- SPY New H/L: Monthly 147; Weekly 19 📉
---
🔍 **Other:**
- Fed Rate Monitor: 30% chance of 50bps, 70% chance of 25bps 📉🔮
---
Stay informed and make savvy moves this week! 💰🚀 #Finance #crypto #MarketUpdate
---
2 months ago
🇯🇵 Japan plans to cut taxes on cryptocurrencies.
The review will take place in the coming months and this could pave the way for domestic funds investing in digital assets.
The review will take place in the coming months and this could pave the way for domestic funds investing in digital assets.
2 months ago
The US market for spot Ethereum exchange-traded funds (ETFs) has seen a shift in investor sentiment, with the largest weekly inflows recorded since early August.
The surge marks the end of a six-week streak of consecutive outflows, signaling renewed enthusiasm among investors.
According to data from SoSoValue, US-based spot Ethereum ETFs saw inflows totaling $58 .7 million on Friday alone.
This helped the funds achieve a net positive inflow of $84 .5 million for the week, breaking a six-week cycle of net outflows.
The surge marks the end of a six-week streak of consecutive outflows, signaling renewed enthusiasm among investors.
According to data from SoSoValue, US-based spot Ethereum ETFs saw inflows totaling $58 .7 million on Friday alone.
This helped the funds achieve a net positive inflow of $84 .5 million for the week, breaking a six-week cycle of net outflows.
2 months ago
🤜🤛 Benoit Saint Denis' opponent of the day at UFC Paris 2024, Renato Moicano, is a fervent supporter of Bitcoin.
“Bitcoin is not just an investment, it’s a way of life.”
says the UFC fighter.
He sees #Bitcoin as a defense against "government tyranny" and inflation.
“However, before buying bitcoin, you should analyze your options and not jump into cryptocurrency just because I said so,” Moicano smartly reminds.
After his victory at UFC 300, Moicano publicly requested that his compensation be paid in BTC.
“Bitcoin is not just an investment, it’s a way of life.”
says the UFC fighter.
He sees #Bitcoin as a defense against "government tyranny" and inflation.
“However, before buying bitcoin, you should analyze your options and not jump into cryptocurrency just because I said so,” Moicano smartly reminds.
After his victory at UFC 300, Moicano publicly requested that his compensation be paid in BTC.
2 months ago
(E)
BULLS, ASSEMBLE!
Feyk Nooz ($NOOZ) is on the cusp of a MASSIVE PUSH!
Join the Feyk Nooz army and let's make history!
https://t.me/feyknoozgroup #FeykNooz #FNOZ #bullrun #crypto #Invest "
Feyk Nooz ($NOOZ) is on the cusp of a MASSIVE PUSH!
Join the Feyk Nooz army and let's make history!
https://t.me/feyknoozgroup #FeykNooz #FNOZ #bullrun #crypto #Invest "
Telegram: Contact @feyknoozgroup
Find all of our Nooz reports at @FeykNoozChannel
https://t.me/feyknoozgroup
2 months ago
📊 MicroStrategy bought Bitcoin 40 times in 4 years, investing nearly $10 billion.
This is a typical example of the DCA strategy
This is a typical example of the DCA strategy
2 months ago
Drift Protocol, a rising star in the Solana DeFi space, has secured a $25 million Series B funding round led by crypto venture firm Multicoin Capital. This significant investment follows Drift's series of strategic moves to capture a larger share of the diverse DeFi derivatives market and will fuel an ambitious expansion of its team.
Drift's recent launch of BET on DRIFT, a prediction market built on Solana ahead of the US elections, has garnered considerable attention. Within just one week of launch, Drift flipped PolyMarket in 24-hour volume on August 28th, 2024, signaling a strong user response and a potential shift in the prediction market landscape.
The platform's rapid growth, with $388 million in total value locked (TVL) and a series of successful product launches, has attracted significant investor interest. While details of the latest funding round remain unclear, it is believed to be a private token sale, given Drift's existing $DRIFT token launched in May 2024.
Multicoin Capital's Managing Partner, Kyle Samani, confirmed the private nature of the funding round in a tweet posted a few days before the official announcement. He expressed strong confidence in Drift's potential: "We have been analyzing DeFi derivatives pretty seriously since 2019-2020, and we believe that Drift Protocol is the best positioned protocol to capture that opportunity. We led multiple private rounds and have been buying on the public market since the token launched in May."
The Drift token $DRIFT has surged by 77% in the past 30 days, currently trading at.73 at press time.
Drift's Journey: From Seed to Series B and Beyond
Drift's journey to this point has been marked by steady growth and strategic fundraising. The platform raised $3 .8 million in a seed round in 2021, followed by a $23 .5 million Series A round in May 2023. This latest funding round brings Drift's total funding to an impressive $52 .5 million, positioning it for further expansion and innovation.
Fueling Growth: Doubling the Team
With this fresh injection of capital, Drift is set to embark on an aggressive growth trajectory. The company plans to double its headcount from 25 to 50 within the next year. This expansion will bolster Drift's capabilities across various fronts, including engineering, product development, marketing, and business development.
With fresh capital and a growing user base, Drift is well-positioned to execute its ambitious roadmap. The platform plans to expand its suite of financial services tools, enhance its cross-margin functionality, and further develop its prediction market offerings.
Drift's recent launch of BET on DRIFT, a prediction market built on Solana ahead of the US elections, has garnered considerable attention. Within just one week of launch, Drift flipped PolyMarket in 24-hour volume on August 28th, 2024, signaling a strong user response and a potential shift in the prediction market landscape.
The platform's rapid growth, with $388 million in total value locked (TVL) and a series of successful product launches, has attracted significant investor interest. While details of the latest funding round remain unclear, it is believed to be a private token sale, given Drift's existing $DRIFT token launched in May 2024.
Multicoin Capital's Managing Partner, Kyle Samani, confirmed the private nature of the funding round in a tweet posted a few days before the official announcement. He expressed strong confidence in Drift's potential: "We have been analyzing DeFi derivatives pretty seriously since 2019-2020, and we believe that Drift Protocol is the best positioned protocol to capture that opportunity. We led multiple private rounds and have been buying on the public market since the token launched in May."
The Drift token $DRIFT has surged by 77% in the past 30 days, currently trading at.73 at press time.
Drift's Journey: From Seed to Series B and Beyond
Drift's journey to this point has been marked by steady growth and strategic fundraising. The platform raised $3 .8 million in a seed round in 2021, followed by a $23 .5 million Series A round in May 2023. This latest funding round brings Drift's total funding to an impressive $52 .5 million, positioning it for further expansion and innovation.
Fueling Growth: Doubling the Team
With this fresh injection of capital, Drift is set to embark on an aggressive growth trajectory. The company plans to double its headcount from 25 to 50 within the next year. This expansion will bolster Drift's capabilities across various fronts, including engineering, product development, marketing, and business development.
With fresh capital and a growing user base, Drift is well-positioned to execute its ambitious roadmap. The platform plans to expand its suite of financial services tools, enhance its cross-margin functionality, and further develop its prediction market offerings.
2 months ago
🚨 Assetera launches the first regulated RWA market in Europe, on the Polygon blockchain.
The initiative is supported by regulation by the Austrian Financial Market Authority and compliance with the MiFID II directive.
https://www.coindesk.com/b...
The initiative is supported by regulation by the Austrian Financial Market Authority and compliance with the MiFID II directive.
https://www.coindesk.com/b...
Blockchain-Based Investment Platform Assetera to Offer Tokenized Real-World Assets (RWA) on Polygon
Assetera will use Ethereum scaling network Polygon to secure transactions and utilize stablecoins for purchase, clearing and settlement to ensure the process is fast and efficient.
https://www.coindesk.com/business/2024/09/25/blockchain-based-investment-platform-assetera-to-offer-tokenized-assets-on-polygon/?utm_source=twitter&utm_campaign=coindesk_main&utm_content=editorial&utm_term=organic&utm_medium=social
2 months ago
🚨 Bitwise's CIO says 'the most powerful people in the financial industry are investing in cryptocurrencies'.
#Bitcoin
#Bitcoin
Sponsored by
Kitten Haimer
16 days ago
Kitten Haimer
Discover the World of Kitten Haimer
