Velvet raises $3.7m to launch DeFAI operating system

Velvet Capital, a DeFAI Trading & Portfolio Management Ecosystem powered by intents announced its $3.7 million fundraising. The capital accelerated Velvet’s mission to make portfolio management and trading frictionless for funds, DAOs and individual traders while powering the rollout of its new governance and utility token VELVET. Alongside YZi Labs and Blockchain Founders Fund, the […]

Bitcoin miners turned to AI last year and it paid off

Bitcoin miners turned to the rising AI trend ahead of the 2024 halving, which cut block rewards to 3.125 BTC. Some just dipped their toes in, while others dove deeper, repurposing rigs, raising credit and signing billion-dollar deals. In some instances, the move has been a lifeline that generates much-needed revenue as their Bitcoin earnings […]

Cake Wallet onboards dEURO decentralized stablecoin with 10% yield on collateral

Cake Wallet added the decentralized stablecoin dEURO to its offerings, expanding its stable euro-denominated digital assets for users. The decentralized stablecoin is overcollateralized by other digital assets, including Bitcoin, Ether and Monero. This means that to mint the dEURO stablecoins, users must first deposit other cryptocurrencies as collateral. Overcollateralizing, or depositing cryptocurrency worth more than […]

Veda received $18M investment for launching of stablecoin yield products

The decentralized finance protocol Veda has raised $18 million to accelerate the adoption of its vault platform. It enables asset issuers to build crosschain yield products, including yield-bearing stablecoins. The funding round was led by venture capital firm CoinFund, with additional participation from Coinbase Ventures, Animoca Ventures, BitGo, Mantle EcoFund, GSR, Relayer Capital, PEER VC, […]