DeFi
Crypto Lender Nexo Spins Out $150M Venture Arm for Web 3 Investments, Acquisitions
Nexo Ventures will be active in Web 3, decentralized finance innovation, NFTs, metaverse and GameFi.
Mango DAO Embraces SOL, Rejects BTC With $1M Treasury Investment
The governing body behind Solana’s Mango Markets overwhelmingly rejected calls to invest even a sliver of its nearly $700 million treasury in bitcoin.
Polychain Capital Leads $22M Investment in NFT Appraisal Protocol Upshot
The project wants to bridge the worlds of DeFi and NFT.
Paradigm Invests $8.8M in DeFi’s Ribbon Finance
The protocol automates crypto derivatives strategies for the lay DeFi trader.
Pipe Introduces Alternative Financing Product for Bitcoin Miners
The trading platform worked with Compass Mining for several months before launching the product.
Morgan Stanley Sees DeFi Remaining ‘Fairly Small’ as Growth to Slow
Regulation and overcollateralization are the main hurdles for the sector, the bank said.
Goldman Sachs Launches First OTC Crypto Trade
Wall Street investment bank Goldman Sachs has conducted its first over-the-counter (OTC) crypto-related trade, a cash-settled bitcoin (BTC) non-deliverable option, with digital asset financial company Galaxy Digital. Watch “The Hash” group discuss the significance of this trade in the broader context of institutional crypto and Galaxy's potential as a liaison between traditional institutions and DeFi products.
Argentina Approves IMF Debt Deal Discouraging Crypto Use
Argentina’s Senate has approved a $45 billion debt deal with the International Monetary Fund (IMF) that includes a provision about discouraging the use of cryptocurrency in the country.
Parallel Finance Launches DeFi ‘Super App’ for Polkadot Crypto Ecosystem
The lending protocol, with $500 million in TVL, is making a play for market dominance.
Ultiverse to Expand Metaverse Offerings in BNB Chain Ecosystem With $4.5M Raise
The round was co-led by Binance Labs and DeFiance, a Three Arrows Capital platform fund.
