Crypto Deal Flow: July 29
2 investments and 2 acquisitions are on the radar today:
- Injective Protocol | $2.6m | Pantera Capital and others|seed
Injective Protocol, a decentralized derivatives exchange on Ethereum, has raised $ 2.6 million. Seed round was led by Pantera Capital, the round also saw Asia-based QCP Soteria, Axia8 Ventures and Boxone Ventures, Bitlink Capital and others participate. The project has been a resident of Binance Labs since 2018. The launch of the exchange is expected this year.
Injective Protocol: https://injectiveprotocol.com/
2. HashQuark | undisclosed sum| Qiming Venture Partners and others|series A round
HashQuark, a staking provider, held investment round A. The lead investor is Qiming Venture Partners, and Fenbushi Capital, HashKey Capital, Hash Global, imToken Ventures and SNZ also invested in the project. HashQuark is one of the top 3 staking providers according to StakingRewards.com and supports over 30 blockchain projects (Cosmos, Polkadot, Tezos, and others). The investment amount has not been disclosed.
3. eToro| Marq Millions| acquisition
Investment platform eToro has acquired the electronic money platform Marq Millions and is preparing to launch debit cards for its clients. The company already has an agreement with Visa. EToro has a section on cryptocurrencies. Cryptocurrency cards linked to an exchange account are a trend and will become the norm in the future.
4. Mainframe| Sablier| acquisition
Mainframe acquired the Sablier DeFi protocol, which is designed for Ethereum. In general, I have some misunderstanding about this situation, since previously Mainframe was engaged in a decentralized message protocol, and now they offer decentralized finance. DeFi, what can you do …