Crypto Deal Flow: December 2–6

Let’s research activity of crypto funds, private investors and crypto startups for last 5 days. Our Radar system detected 16 deals.

1. YIELD.App | $1.2m| TGE on TrustSwap Launchpad

YIELD.App will hold a token sale (today investors fil applications) through TrustSwap Launchpad, $600k each will be raised in two options: tokens without a lock up and tokens with a 2-month vesting. YIELD.App is a DeFi aggregator that allows you to get profitability from 12% to 20%. You can participate in the token sale following the link.

2. Terra Virtua | $105–131k| IEO on Bitmax

The 3D NFT platform Terra Virtua will hold an auction on the Bitmax crypto exchange on December 10, during which 8,750,000 TVK tokens will be sold at prices ranging from $0.012 to $0.015. That is, about $105–131k will be raised. Trading will be opened on December 11. Previously, the project team raised $2.5m in a private round.

3. OMG Network | undisclosed sum| Genesis Block | acquisition

Genesis Block, an OTC trading platform and cryptocurrency fund from Asia, has acquired a layer-2 solution for Ethereum, the OMG Network. On the news, the price of OMG tokens rose by 17% for a short time, but then returned to previous levels. Genesis Block Ventures plans to work with OMG to create “lending and trading platforms” for the DeFi sector.

4. Ethereum exchange-traded trust | $100m| 3iQ | IPO

Digital investment company 3iQ is launching an IPO on an Ethereum exchange-traded trust, during which it plans to raise up to $100m. The financial instrument will be traded on the Toronto Stock Exchange (TSX) under the ticker QETH.U. More than 4 months ago, 3iQ received approval from the Canadian regulator for this IPO.

5. BTC | $50m| Microstrategy | purchase

Microstrategy, according to the internal policy on reserve funds, once again bought 2574 BTC for $50m (average price $19 427 per bitcoin). Now the company has 40 824 bitcoins.

6. AnRKey | $125k| DAO Maker | Refundable SHO

AnRKey, DeFi&Gaming platform raises $125k via Refundable SHO at DAO Maker. Only investors who meet certain requirements will be able to participate in the token sale. The project receives 20% of the funds immediately. In case of successful development of the project, the team receives an additional 60%, and tokens are bought from the market for 20%. In case of failure, investors receive 80% of the funds back, and the project tokens are burned. The rSHO concept is described here.

7. S&P Dow Jones Indices | plans to launch a broad market cryptocurrency index in 2021

S&P Dow Jones Indices, in collaboration with digital company Lukka, plans to launch a broad market cryptocurrency index in 2021, which will consist of 550+ cryptocurrencies. Institutional-grade cryptocurrency derivatives can then be created on the basis of this index.

8. SmartKey | $800k| ProBit | IEO

SmartKey, a platform that connects the decentralized and the real world, raised $800k through the ProBit crypto exchange. The protocol will work with the Ethereum and Waves blockchain using Chainlink oracles.

9. Hauck & Aufhäuser | new crypto fund

The German bank Hauck & Aufhäuser (founded in 1796) in partnership with the custodian Kapilendo, will launch a cryptocurrency fund “HAIC Digital Asset Fund I” in 2021. The fund is designed for institutional investors, the minimum investment amount is 200k euros. The fund will invest in top cryptocurrencies.

10. Ethereum Infrastructure Tech | $150k| Kraken | grant

Cryptoexchange Kraken will fund projects from the “Ethereum Infrastructure Tech” category for $150k Ethereum free of charge during the eighth round of Gitcoin Grants, which we wrote about earlier.

11. Plasm Network | undisclosed sum| Web3 Foundation | grant

The Plasm Network team received a grant from the Web3 Foundation to implement ZK-Rollups in Polkadot.

12. The Card Group Pty Ltd | undisclosed sum| Crypto.com | acquisition

Crypto.com cryptocurrency wallet and crypto-exchange with paying cards has acquired the Australian company The Card Group Pty Ltd. This automatically grants Crypto.com the Australian Financial Services License (ASFL). The amount of the deal was not disclosed.

13. BTC | Real Vision| purchase

TV company Real Vision reported that it deposited 10% of its reserves in bitcoins 3 months ago at an average price of around $12 000 per BTC. The company used the DeFi service BlockFi, which additionally generates 6% yield.

14. Coinsilium | $439k| IOV Labs | investments

Coinsilium, a blockchain, DeFi, and crypto-finance venture capital operator raised $439k from IOV Labs. IOV Labs now owns 13.9% of Coinsilium ordinary stocks.

15. Coin Center | $160k| Gitcoin | grant

Coin Center is the leading non-profit research and advocacy center focused on the public policy issues facing cryptocurrency and decentralized computing technologies like Bitcoin and Ethereum. The company has already received $160k in grants. Popularity is linked to the US stablecoin bill, requiring issuers to obtain regulatory approval and follow the banking charter. The cryptocurrency community is against this, Coin Center decided to lead the fight against bureaucrats.

16. Anydot | undisclosed sum| Infura | acquisition

Infura, a provider of infrastructure solutions for Ethereum, IPFS and Filecoin, acquires the Anydot project development team that optimizes transactions on the Ethereum network. The amount of the deal was not disclosed. Infura, in turn, is part of ConsenSys.

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