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Finance

DeFi Trading Platform Aurox Seeking Funding at $75M Valuation

The DeFi-focused software developer firm is seeking to raise up to $1 million in a crowdfunding campaign on tZERO.

The price of ether has risen 16% in the past week. (Getty Images)

Finance

Entertainment NFT Firm Orange Comet Raises $7M in Equity Round

The company, which has created digital collectibles for athlete Scottie Pippen and “The Walking Dead," plans to raise more capital later this year.

Beldex raises $25 million with a new DWF Labs partnership (Unsplash)

Finance

Crypto Hedge Fund Arca VP of Portfolio Management Leaves

Hassan Bassiri’s exit comes months after the firm shuttered its Digital Yield Fund, citing market volatility.

Hassan Bassiri (CoinDesk)

Finance

Crypto Conglomerate Digital Currency Group Reports Loss of $1.1B in ‘Challenging’ 2022

DCG held cash and cash equivalents of just $262 million at the end of 2022, while investment assets amounted to $670 million.

Barry Silbert. CEO & Founder Digital Currency Group (DCG)

Markets

BNB Chain’s Second-Largest DeFi Protocol Venus to Accept Floki Tokens as Lending Collateral

The move is expected to benefit FLOKI holders, developers say, as they continue to build and seek strategic partnerships.

(Midjourney/CoinDesk)

Tech

Crypto Wallet Firm Dfns Says ‘Magic Links’ Have Critical Vulnerability

Affected services say they were given barely any notice before Dfns published its blog post detailing the so-called zero day.

(Kenny Eliason/Unsplash)

Finance

Litecoin Foundation Partners With Digital Asset Manager Metalpha to Develop Hedging Products for LTC Miners

The partnership will jointly develop the Litecoin ecosystem to hedge risk and lower carbon emissions.

(Nikhilesh De/CoinDesk)

Finance

Alameda-Backed Crypto Trader Folkvang Is Still Standing Despite Big Hit From FTX's Demise

The firm, which managed as much as $400 million in 2021, had half of its equity parked on FTX before it collapsed.

Founder Mike van Rossum (Folkvang)

Finance

Galaxy Digital Closes $44M Acquisition of Self-Custody Platform GK8

The self-custody platform was an asset of bankrupt crypto lender Celsius.

GK8 co-founders CTO Shahar Shamai (left) and CEO Lior Lamesh (Galaxy Digital)

Finance

Energy Giant Saudi Aramco Signs Agreement With droppGroup to Build Web3 Tech

Saudi Aramco will explore co-developing blockchain-based technologies that could benefit its workers.

Riyadh, Saudi Arabia. (Ekrem Osmanoglu/Unsplash)