CLAUDE
Saros Cryptocurrency (SAROS) will be listed on Bybit
Saros raises $3.75M in funding and gets listed on Bybit with a 50,000 USDT prize pool, marking significant strides in expanding its reach and enhancing its offerings in the DeFi space.
Meta Files for Debt Shelf Offerings
Meta, the parent company of Facebook, Instagram, and WhatsApp, has filed for new debt shelf offerings with the United States Securities and Exchange Commission (SEC). The company has not disclosed the exact amount of debt securities being offered, but it plans to issue a new prospectus supplement each time a debt security is sold.
Hong Kong Investors Launch $100M Fund for Web3 Startups
ProDigital Future, a new $100 million fund led by Hong Kong-based equity firm SAIF Partners, aims to support early-stage Web3 companies in the regional market. The fund has already raised $30 million during its half-year fundraising period and plans to raise $100 million by the end of 2023. ProDigital Future has already invested in six digital-asset projects, including GigaSpace and One Future Football. The fund intends to operate in Hong Kong, Australia, Singapore, Europe, and the United States, while adhering to the necessary licensing and regulatory requirements.
Animoca Brands refutes claims of scaling back metaverse fund target and plummeting valuation
Animoca Brands denied reports of scaling back its metaverse fund target by $200 million and a decrease in valuation from $6 billion to $2 billion. The firm acknowledged the impact of banking collapses but stressed that fundraising is still ongoing.
Animoca Brands Cuts Metaverse Fund Target to $800M
Animoca Brands, a Hong Kong-based developer of blockchain gaming technology, has reduced its target for its metaverse fund by 20% to $800 million due to volatility in the crypto sector. The company's market capitalization has also fallen from $6 billion to below $2 billion, signaling a change in sentiment in the crypto industry.
Thailand Waives Taxes on Investment Tokens
Thailand's cabinet has agreed to waive corporate income tax and VAT for companies issuing investment tokens, encouraging alternative capital raising in addition to conventional methods. The government hopes to generate 128 billion Thai baht from investment token offerings over the next two years.
Africa Web3 Gaming Publisher Carry1st Raises $27M
Carry1st raised $27 million to expand its African publishing and digital content development platform. The additional money will enhance Pay1st's monetization-as-a-service platform. Africa is a fast-growing digital asset market.
Argo Shares Plunges 72% After Fundraising Fails to Go Through
Shares of Bitcoin miner Argo fell 72% on Monday after a strategic investor failed to participate in the company's fundraising event
DeFi Startup Arch Secures $5m from Seed Round, to Achieve 'BlackRock of Web3'
Arch Finance, a DeFi startup, has acquired $5 million in funding from a seed round, aiming at becoming the "BlackRock of web3."
FTX and FTX.US Looking to Raise New Funds after Acquisition Campaign
FTX Derivatives Exchange and its American subsidiary FTX.US are exploring options to raise new sets of funds after the duo injected the bulk of the funds in supporting distressed crypto companies.