Crypto Deal Flow: August 24–25

A real boom has been taking place in the cryptocurrency market over the past 2 days. We found 10 news about big deals!

Crypto Deal Flow: August 24–25
  1. Perpetual Protocol| $1.8m| Multicoin Capital, Three Arrows Capital, CMS Holding and Alameda Research | strategic round

Perpetual Protocol raised $ 1.8m from lead investor Multicoin Capital and co-investors Three Arrows Capital, CMS Holding and Alameda Research. The protocol will allow you to create perpetual contracts with built-in leverage. They call themselves a mix of Uniswap + Bitmex. Promise to fix slippage problems with vAMM.

Source: https://www.theblockcrypto.com/post/75951/defi-perpetual-protocol-funding-multicoin

Perpetual Protocol: https://perp.fi/

2. Bella Protocol| $4m | Arrington XRP Capital, Alphabit, Consensus Labs, Force Partners and CGS Dubai| seed

Bella Protocol raised $4m in seed from lead investor Arrington XRP Capital and co-investors Alphabit, Consensus Labs, Force Partners and CGS Dubai. The startup is going to make it easier for users to interact with DeFi. It is also worth noting that there will be an airdrop of Bel tokens to Arpa token holders.

Source: https://www.coindesk.com/defi-bella-protocol-funding-round

Bella Protocol: https://twitter.com/BellaProtocol (no site now)

3. Consensys| undisclosed sum| Quorum Blockchain| acquisition

ConsenSys acquires Quorum Blockchain platform from JPMorgan. The amount of the deal was not disclosed. And JPMorgan previously invested in ConsenSys. Some kind of asset circulation.

Source: https://www.coindesk.com/consensys-acquires-jp-morgan-quorum-blockchain

ConsenSys: https://consensys.net/

4. Ribbit Capital| $350m| Ribbit LEAP Ltd| “blank check” company

Ribbit Capital opens a new company Ribbit LEAP Ltd, which will deal with the purchase of projects. Ribbit LEAP Ltd is expected to raise $350m. Ribbit Capital has invested in crypto startups such as Coinbase, Revolut, Robinhood, Xapo, Chainalysis and others.

Source: https://www.coindesk.com/crypto-and-fintech-investor-ribbit-capital-files-to-raise-350m-for-blank-check-company

Ribbit Capital: https://ribbitcap.com/

5. FTX Exchange| $150m| Blockfolio| acquisition

FTX cryptocurrency exchange bought Blockfolio for $150m. Blockfolio allows you to keep track of cryptocurrency portfolios. Trading will be available there soon. Blockfolio claims to have 6 million users. It turns out that one target user of a cryptocurrency application costs about $25.

Source: https://cointelegraph.com/news/ftx-crypto-exchange-acquires-blockfolio-for-150-million-set-to-create-new-trading-experience

Blockfolio: https://blockfolio.com/trading?r=JYfsIK7RBF

6. Kira| $2.2m| BTC12 Capital, TRG Capital, NGC Ventures and Origin Capital| private round

DeFi startup Kira raised $ 2.2m in a private round from lead investor BTC12 Capital and co-investors TRG Capital, NGC Ventures and Origin Capital. Kira will use Tendermint and the Cosmos SDK to create derivative assets for staked assets. Stafi and Ramp are already working on the same solution.

Source: https://finance.yahoo.com/news/kira-closes-oversubscribed-2-2m-125800767.html

Kira: https://kiracore.com/

7. Hash Pallet| $9.4m| Coincheck| IEO (plan)

Japanese crypto exchange Coincheck is planned IEO of media platform Hash Pallet for $ 9.4m. The platform can host graphic novels (manga), music and anime. IEO will only take place in 2021. Apparently, they want to do everything in accordance with the regulations.

Source: https://www.coindesk.com/crypto-exchange-coincheck-to-launch-japans-first-ieo/?ref=coingecko

8. Billion| $2m| angels, VC and UK Government’s Future Fund | convertible note

Billon, the British/Polish fintech which uses distributed ledger technology to tokenise national currencies, has raised £2 million in funding with support from the UK Government’s Future Fund Scheme. Billon secured investment commitments from angel investors and VCs of £1 million matched by the UK government through the British Business Bank for an additional £1 million.

Source: https://www.finextra.com/newsarticle/36447/billon-lands-2-million-in-fresh-funding

Billon: https://billongroup.com/en/

9. Tixl| undisclosed sum| Moonrock Capital| strategic round

Tixl received development funds from Moonrock Capital. And this is another DeFi project that promises to improve the DeFi ecosystem. Emphasis on fast, cheap and private transactions. The investment amount has not been disclosed.

Source: https://medium.com/@moonrockcapital/moonrock-capital-joins-tixl-as-a-strategic-investor-713f120a7fd6

Tixl: https://tixl.me/

10. Stafi| undisclosed sum| LD Capital| private round

Stafi received additional investment from LD Capital. On July 24, we already wrote about Stafi. Then the project raised $600k from 3 funds. The amount of the new deal has not been disclosed.

Source: https://twitter.com/ld_capital/status/1298173945712017408

Stafi: https://www.stafi.io/

Tokenomic Researcher and CryptoDealFlow author