AI-Backed Blockchain Data Startup Web3Go Raises $4M
Binance Labs led the round with HashKey Capital, NGC and Shima Capital among the other backers.
Finance
Gemini’s Cameron Winklevoss Tweets $1.5B ‘Final Offer’ in Debt Talks Over Crypto Firm Genesis
Creditors of the crypto financial firm Genesis call for $1.5 billion of forbearance payments and loans denominated in dollars, bitcoin and ether, according to a term sheet posted on Twitter by the Gemini co-founder.
Crypto ATM Operator Bitcoin Depot Debuts on Nasdaq Following SPAC Merger
The company plans to look for acquisition opportunities in the “highly fragmented” market, CEO Brandon Mintz said.
Applied Digital Stock Surges 12% After Announcing Its Third AI Deal
Applied Digital will be deploying HPE’s Cray XD supercomputers in its AI cloud service.
Crypto Miner Hive Blockchain Touts Privacy of AI Models Running on Its GPUs
Hive wants to provide enterprise AI training in its fleet of GPUs.
Celsius to Potentially Sell More Than $170M in ADA, MATIC, SOL and Altcoins for BTC, ETH
Court documents from last November give a rough picture of the lender’s altcoin holdings.
OKX Overcomes FTX-Related Concerns Around Crypto Industry in $70M Expansion of Man City Sponsorship
Manchester City and OKX’s other partners have been auditing the exchange’s proof of reserves to ease concerns that it won’t go the same way as FTX.
Citigroup Reviews Partnership With Metaco, in Talks With Other Crypto Custodians: Bloomberg
Banking giant Citigroup (C) is reviewing its partnership with crypto custody firm Metaco one month after Ripple Labs announced that it agreed to acquire Metaco for $250 million.
Canadian ETF Issuer 3iQ to Work With Coinbase to Offer ETH Staking in Its Funds
Toronto-based digital asset manager 3iQ will start offering ether (ETH) staking in its Ether Fund and Ether ETF, making it the first ETF issuer in North America to allow for this investment strategy, the company announced Wednesday. The feature will be available on or about Aug. 28.
Julius Baer Eyes Expansion to Dubai for Crypto Services: Bloomberg
The expansion would be the private bank’s first for its crypto offering beyond its native Switzerland, where it has provided digital asset services since the start of 2020.