CryptoBlic

SUMMARY: Blockchain data platform startup Shadow, known for its innovative “shadow forks” providing private execution environments mirroring real-time public blockchain states, has successfully raised $9 million in a seed round. The investment, led by Paradigm, includes notable participants such as Coinbase Ventures, Electric Capital, Ethereum Foundation, Uniswap, and Flashbots. Shadow’s inaugural product, now available for…

SUMMARY: Neutron has acquired a 25% stake in Confio, the developer of the CosmWasm programming environment, with the goal of driving CosmWasm adoption and implementing technological enhancements. This strategic collaboration between Neutron, a Cosmos-based smart contracts platform, and Confio is focused on aligning development strategies. The investment amount remains undisclosed. CosmWasm, serving as the default…

SUMMARY Ray Youssef, former CEO of Paxful, has assumed the role of CEO at Noones, a financial communication app with a focus on integrating the Global South into global financial systems. This announcement coincides with the “official launch” of Noones, which has rapidly gained over 400,000 users worldwide within four months of operation. Youssef, known…

BRIEF SUMMARY Franklin Templeton’s CEO, Jenny Johnson, has reportedly diversified her personal investment portfolio by including cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Uniswap (UNI), and SushiSwap (SUSHI) governance tokens. In an interview with Fortune, Johnson revealed that these crypto investments constitute a small portion of her overall portfolio, marking the first public disclosure of her…

Jupiter, a decentralized exchange (DEX) aggregator built on the Solana (SOL) blockchain, has initiated the process for claiming its JUP token airdrop. The airdrop is structured to distribute 40% of the total JUP token supply, equivalent to four billion tokens out of the total 10 billion. The distribution plan unfolds in four phases, as outlined…

HEADLINE SUMMARY: Platypus Finance Hack Suspects Acquitted by French Court Due to Smart Contract Technicality DETAILS: In February 2023, the individuals behind the $8.5 million hack of Platypus Finance on the Avalanche network were cleared of criminal charges by a French court. The court ruled that their use of a flawed smart contract did not…

Utah’s top judge threatens SEC lawyers with sanctions over ‘misrepresentations’ in crypto case The Securities and Exchange Commission (SEC) has been ordered by Utah’s top federal judge to explain statements made over the course of its efforts to implement and maintain a temporary restraining order (TRO) against crypto firm DEBT Box , a new court…

QUICK TAKEThe Arbitrum DAO has approved a $23.54 million one-time “backfund” to support 26 projects that missed out on its initial round of grant funding.The initiative, which passed with two-thirds voting in favor, aims to develop and incentivize the use of the projects’ applications on the Ethereum Layer 2 network. The Arbitrum DAO has voted…

Ark Invest sold another 37,377 Coinbase shares yesterday — worth $4.7 million — following the $5.3 million and $4.9 million COIN stock it sold on Monday and Wednesday, respectively.Ark’s latest Coinbase share sales come at a time when COIN is trading at its highest level in 18 months. Cathie Wood’s Ark Invest sold another $4.7…

QUICK TAKEThe Starknet Foundation addressed speculations about an upcoming airdrop after screenshots circulated on social media.The foundation emphasized that the screenshots showed draft plans still under development.It clarified that the eligibility cutoff date for the airdrop has been set, and no further user actions can affect this. The Starknet Foundation, the organization behind the Ethereum…