Crypto Deal Flow: October 12–14

Crypto market is very HOT! Our system found 15 deals.

Crypto Deal Flow: October 12–14
  1. Stone Ridge| $115m|10k BTC were bought

Following Microstrategy and Square, Stone Ridge, a multi-billion dollar asset management company, bought 10k BTC for $115m. Large corporations and foundations are starting to store part of their reserves in bitcoin. I repeat, this is a trend and will soon become the norm.
2. Numerai| $50m| Numerai Signals program

Numerai is offering $50 million of its numeraire (NMR) token to quants, researchers and even fellow funds that provide original stock market “signals” into its data clearinghouse, Numerai Signals. The project ranks 75th in the ranking of cryptocurrencies with a capitalization of $150m.

3. DODO| $5m| Pantera Capital, 3 Arrows Capital and Binance Labs and others| private round

There was already information about DODO at the end of August, now the project has disclosed private round investors for $5m. The lead investors for the round are Pantera Capital, 3 Arrows Capital and Binance Labs. Coinbase Ventures, Galaxy Digital, Framework Ventures, DeFiance Capital, CMS Holdings, Alameda Research, Distributed Global, Primitive Ventures, D1 Ventures, IOSG Ventures, LongHash Ventures and others also took part.

4. Aave| $25m| Blockchain Capital, Standard Crypto and Blockchain.com| private round

Aave raised $25m from Blockchain Capital, Standard Crypto and Blockchain.com. The funds will go towards expanding the team to bring DeFi closer to institutional level and expand into Asian markets. Also worth mentioning is the migration of the AAVE token and their “Aavenomics”.

5. Boardroom| $2.2m| Standard Crypto and others| private round

Boardroom, a set of tools for convenient voting across various decentralized projects, has raised $2.2m from the lead investor Standard Crypto featuring Variant, CoinFund, Framework, Slow Ventures and The LAO. Integration with Compound, yEarn Finance, Powerpool, Rarible, Yam, Aave, Balancer and Curve is already in progress.

6. Hippo Finance| community-driven hedge fund DeFi

Hippo Finance launches community-driven DeFi hedge fund. Users will benefit from the placement of HIPPO tokens in various pools, as well as the growth of a decentralized hedge fund that is collectively managed by token holders. Later, the project plans to move to the Polkadot ecosystem.

7. First Digital Trust| $3m| BnkToTheFuture| funding round announcement

First Digital Trust (FDT), a fintech company based in Asia, has announced the start of a $3m round of funding, with $1m planned to be raised through the BnkToTheFuture crowdinvesting platform. The funds will be used to further develop custody services of FDT.

8. UniFi| $1m| Consensus Labs, Chain Capital, Signum Capital and others| private round

DeFi platform UniFi raised $1m from venture funds Consensus Labs, Chain Capital, Signum Capital and cryptocurrency exchanges MXC, Bibox, HBTC. According to the information from the site, the project team is developing a set of tools for non-custodial interaction with DeFi: staking, liquidity, lending, borrowing, analytics, governance.

9. Grayscale| $1.05B| Q3 results

Grayscale crypto products raised a record $1.05B in Q3 2020. This is an absolute record in the entire history of Grayscale. At the same time, 69% was attracted to the Grayscale® Bitcoin Trust and 31% to other products. The biggest spikes in alternative interest are the Grayscale® Bitcoin Cash Trust, Grayscale® Litecoin Trust, and Grayscale® Digital Large Cap Fund. In total, $2.4B has already been invested in Grayscale since the beginning of the year. Large capital flows into digital assets.

10. PancakeSwap, BakerySwap, Bitquery, AnySwap, Arkane Network, ProximaX |$350k| Binance

Binance has announced the first 6 projects that will receive funds from the $100m fund. PancakeSwap (analogue of Uniswap on BSC), BakerySwap (DEX with farming), Bitquery (on-chain data by API), AnySwap (cross-chain DEX), Arkane Network (set of tools for blockchain applications) and ProximaX (platform for dApps).

11. Wirex| $4.82| Crowdcube| crowdinvesting

On September 30, we wrote about the successful launch of Wirex’s crowdfunding campaign on Crowdcube. Now the results have been summed up: $4.82m were attracted from 7000 investors. The company plans to enter the American and Japanese markets in the near future.

12. Hummingbot| undisclosed sum| Borderless Capital and the Algorand Foundation| strategic round

Hummingbot has received investments from Borderless Capital and the Algorand Foundation. The project will launch a campaign of Liquidity Mining for Algorand. In general, Hummingbot provides market making bots for centralized and decentralized exchanges. Clients include Binance, Coinbase, Huobi, and other exchanges.

13. UTU| 250k| public sale

UTU completed a $250k crowd sale in a matter of minutes, the project has featured on Crypto Deal Flow twice already. On September 16, the token will begin trading on Uniswap. Metrics for other rounds can be found here.

14. ACDX| undisclosed sum| Moonrock capital| series pre-A round

Moonrock Capital has announced its investment in the derivatives exchange ACDX. The amount of investment is traditionally not disclosed.

15. UniLend| 400 ETH| public round

UniLend appeared on the Crypto Deal Flow on September 30, now the project spent a public round of 400 ETH in 30 seconds, the hard cap per participant was 2 ETH. The Krypital Group also announced its investment in the project.

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