Business

Babylon led the pack of funding announcements alongside OpenSocial, Aperture and Scrypt

Polygon Labs executive Chair Sandeep Nailwal to focus more on zero-knowledge solutions as chief business officer

The Bitdeer share issuance generated $100 million in gross proceeds and could provide $50 million more

DMM Bitcoin said customer bitcoin deposits “will be fully guaranteed” in the wake of the hack

The miner appears well positioned to defend itself against Riot’s current proposal, Architect Partners executive says — and Bitfarms says others are interested

Crypto products don’t fit in “a well-balanced, long-term investment portfolio,” Vanguard reiterates ahead of potential ether fund launches

The distributions mark a 232% recovery from when withdrawals were halted in November 2022

The payments firm is exploring PYUSD’s payments use cases

The company is making public a previously private offer rejected by Bitfarms’ board of directors last month

Semler Scientific, a publicly traded medical tech company, joined MicroStrategy by buying up millions of bitcoin

Gracy Chen replaces Sandra Lou as Bitget’s chief executive after joining the company in 2022

Big deals this week include Web3 social media platform Farcaster’s fundraise of $150 million in a Series A led by Paradigm

Paradigm led the permissionless social media protocol’s fundraise just months after the launch of Frames

A Goldman Sachs alum will take over as CEO in August

Humanity Protocol also announced a $30 million round, giving the Worldcoin competitor a $1 billion valuation

Bitcoin miner Bitfarms cuts ties with its chief executive; Vanguard’s incoming leader could spur the firm to re-evaluate its crypto stance, some say

Industry players have started realizing high-performance computing-related revenues as they buy Nvidia GPUs and secure customer deals

The fund giant will ultimately offer a bitcoin ETF, Digital Assets Council of Financial Professionals founder says

Just a few months after it confidentially filed for a US IPO, the company is planning to jump across the pond

FTX seems to be nearing the finish line almost two years after initiating the bankruptcy process

Plus, zk startup Lagrange scores $13.2 million and an agricultural tokenization protocol announces funding

Elsewhere, a recruiter weighs in on what crypto companies want, and the head of Circle Ventures departs

Industry players plot continued scale, revenue diversification and a focus on high-performance computing as part of long-term plays

While the current plan reflects progress, it represents a draft with “many blanks,” lawyer says