Crypto Deal Flow: November 22–24
Let’s research activity of crypto funds, private investors and crypto startups for last 3 days. Our Radar system detected 12 deals.
- CyberFi | undisclosed sum| Magnus Capital| strategic round
CyberFi, an automation platform for DeFi on Ethereum, Binance Smart Chain, Cosmos, Tron, Polkadot, has received funds from strategic investor Magnus Capital. The fund will also support the project strategically and in marketing terms.
2. Paypolitan | $1.1m| token sale
Paypolitan, a payment system with banking and cryptocurrency accounts, raised 1,900 Ether (about $1.1m) on a token sale in 30 minutes. Bank accounts can be connected via IBAN. Cryptocurrencies can be staked, farmed. EPAN tokens are received for transactions and liquidity provision.
3. Brink | $150k| independent non-profit organization
A new independent non-profit organization, Brink, has been created to support the open source development of the Bitcoin protocol. John Newbery and Mike Schmidt are the initiators. $150k were received from the Kraken crypto exchange. The Human Rights Foundation, Square Crypto, Gemini, Xapo and others will also join the funding.
On October 16, we talked about the filing of documents with the SEC from Securitize for the acquisition of two firms. The company has now received approval. Distributed Technology Markets and Velocity will be one structure — Securitize Markets. The amount of the deal was not disclosed.
5. dHedge fund managers| $1.8m| Framework Venturesand others| management
33 fund managers of the dHEDGE decentralized investment platform received $1.8m in trust and decentralized management from Framework Ventures, DeFiance Capital, Divergence Ventures, Mechanism Capital, Klein Blue Capital, Alameda Research, dHEDGE DAO members and other investors.
6. The Ethereum 2.0 deposit contract | $420m
The Ethereum 2.0 deposit contract, which was released in early November, has amassed over 697,000 ETH (worth over $420m) as of 17:30 UTC on November 24, guaranteeing the launch of the Ethereum 2.0 beacon chain next week. To launch it, it was necessary to deposit at least 524,288 ETH. The plan has been exceeded. We look forward to Ethereum 2.0 on Proof-of-Stake.
7. West Coast Aquaculture Group| $3.65m| equity
On October 29, we wrote about the Australian aquaculture farm West Coast Aquaculture (WCA) and its plans to attract investment not only through fiat currencies, but also through stablecoins. Now to summarize: 89% of investments came through USDt or $3.2m, and the company raised $3.65m in total. The cryptodollar has entered the real economy, at least in Australia.
Yearn is teaming up with Pickle Finance, which was recently hacked. The two projects will work in symbiosis. This is done to reduce duplicate work, increase specialization, and to leverage shared expertise.
9. SpiderDAO| undisclosed sum| no info about investors| private round
SpiderDAO closed a private token sale, the announcement did not disclose the amount of the deal, but the website states that the hard cap of the strategic investment round is $2m. The Polkadot account wrote about the project on Twitter, they are developing routers with VPN and software for them, and DAO will also be truly decentralized, since voting requires a hardware device + SPDR tokens + user ID.
10. ZKSwap| $1.7m| Bixin Capital and others| private round
ZKSwap, a decentralized exchange protocol on a layer-2 Ethereum solution with ZK-rollups, raised $1.7m from lead investor Bixin Capital with SNZ Capital, FBG Capital and Longling Capital.
11. InsurAce| $1m| DeFiance Capital and others| seed
InsurAce, a decentralized insurance protocol, has raised $1m from DeFiance Capital featuring ParaFi Capital, Huobi DeFiLabs, Hashed, Signum Capital and Lunex Ventures.
Huobi Group and Filecoin open an incubation center to support projects and individual developers from the Filecoin ecosystem, as well as to fund scientific research. A $10m fund has been set up at the center.
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