Crypto Startups Secure $2.7 Billion in Q2 2024 Amid Shifting Investment Patterns
Infrastructure startups dominated funding rounds, with Monad, a parallelization Layer 1 platform, raising $225 million in a Series A, and DeFi-specific L1 Berachain securing $100 million in a Series B.
Tornado Cash Developer Seeks Additional $1M for Legal Defense Against Money Laundering Charges
The support account pointed out that Pertsev has run out of money, stressing the need to stand with him and raise between $750,000 and $1 million to cover his ongoing legal costs.
Anysphere Raises $60 Million for AI Coding Assistant Cursor
The round was co-led by Andreessen Horowitz and Thrive Capital, with participation from Stripe’s co-founder and CEO, Patrick Collison.
Atari Revives Classic Breakout Game on Coinbase’s Base Network
As part of Base’s “OnChain Summer,” players can compete on the Atari Breakout leaderboard.
Japanese Investment Firm Metaplanet Secures $6.8M Loan to Expand Bitcoin Holdings
The loan from MMXX Ventures, a Metaplanet shareholder, has a 0.1% annual interest rate and a six-month term starting on Aug. 8. The company stated that the loan will be repaid in a lump sum.
Apple Intelligence Writing Tools Warn Users About Sensitive Content
The Apple Intelligence writing tools aren’t designed to create new content from scratch, but Apple wants to alert users when the AI encounters sensitive terms.
AI Chip Startup Groq Secures $640 Million in Series D Funding
With the recent funding, Groq plans to deploy over 100,000 additional LPUs into GroqCloud, focusing on the deployment of AI models for global use.
Riot Posts $84 Million Quarterly Loss Amid Increasing Bitcoin Mining Difficulty
Bitcoin mining difficulty rose by 10.5%, from 82.05 trillion to 90.67 trillion, marking a 10% increase in the effort needed to mine a block compared to the previous 2,016 blocks or two weeks.
BitMEX Co-Founder Arthur Hayes Backs Ordinals Wallet Oyl and Launches Airheads NFT Series
Airheads is a collection of characters inspired by balloons, reminiscent of Jeff Koons’ playful yet edgy balloon-like creations. The characters symbolize the inflationary pressures we all face, appearing large and beautiful due to metaphorical inflation.
Bombay High Court Protects Arijit Singh’s Rights Against Unauthorized AI Voice Cloning
In an interim order, Justice Riyaz Chagla prohibited eight online platforms from exploiting Singh’s personality rights and ordered the removal of all such content and voice conversion tools.