Binance Labs Invests $10M in DeFi Lender Radiant, RDNT Jumps 10%
The protocol was built on the architecture of LayerZero, which raised $120 million at a $3 billion valuation earlier this year.
Finance
Macro State of Crypto – Where It Has Been and What’s Next
Analytics can offer insight into how recent and past crypto and regulatory events have affected prices and movement. Plus: A quick Q&A on retirement funds.
Solana Foundation, Polygon Lead $30M Fundraise for Web3 Firm Cosmic Wire
The startup offers metaverse-creation tools and a list of general blockchain infrastructure solutions.
Stablecoin Issuer Lybra Finance Launches Arbitrum Testnet Amid Quest to Be More DeFi-Friendly
Users can now interact with Lybra’s new companion stablecoin peUSD, which is said to be more compatible with decentralized finance protocols than the protocol’s main stablecoin eUSD.
Bitcoin Miner Bitfarms Expands Operations in Paraguay After Securing 2 Hydropower Contracts
The company will be able to add up to 150 megawatts of energy capacity through the two agreements.
Mantle’s MNT Token Outpaces Rival Layer 2 Blockchains Over Past 24 Hours
After launching its mainnet on Monday, Mantle’s utility and governance token has jumped roughly 4%, more than the native tokens of Arbitrum and Optimism over the past day.
Crypto VC Firm Polychain Capital Raises $200M for Fourth Fund: Fortune
he crypto-focused firm has also cut three members of its research and development staff.
Messaging Platform Telegram Has Issued $270M in Bonds to Fund Growth
“I personally bought about a quarter of the new Telegram bonds,” said Pavel Durov, the CEO of the popular but not-yet-profitable platform.
Binance Slashes Worker Benefits as Profit Falls: WSJ
Binance has stopped offering certain benefits to its employees on June 19 as the company’s profits continue to decline, according to former employees and internal company messages viewed by the Wall Street Journal.
Hector Network Votes to Liquidate $16M Treasury Following Multichain, Fantom Losses
Hector Network’s HEC and TOR tokens, and its treasury, suffered major losses related to Multichain. The project is based on Fantom.