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Xociety has raised $7.5M in a pre-Series A funding round co-led by Hashed and Sui Foundation

Xociety, a third-person shooter game developed by NDUS Interactive, has secured $7.5M in a pre-Series A funding round co-led by Hashed and Sui Foundation. Other investors in the round include Spartan, Neoclassic, Big Brain Holdings, and Krafton. After raising some fresh funding, Xociety is gearing up to launch on Sui later this year. A recent beta test for Xociety accrued over 3K users from 76 countries, who played for over 11K hours in total.

🔗 decrypt.co/234095/xociety-developer-raises-7-5-million-sui-shooter-game

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Sandbox [SAND] has raised $20M in convertible debt co-led by Kingsway Capital and Animoca Brands

Sandbox $SAND, a user-generated content metaverse platform, has secured $20M in convertible debt at a $1B valuation co-led by Kingsway Capital and Animoca Brands. Other investors include LG Tech Ventures and True Global Ventures. The funds will improve earning opportunities for creators on its platform by updating its Game Maker and VoxEdit 3D editor tools, introducing new social interactions and abilities for avatars, and expanding gameplay possibilities.

Moreover, Sandbox is developing a version of its decentralized metaverse for mobile devices, expected to launch in 2025. Current $SAND price is $0.485. Current market cap is $1.10B. Current FDV is $1.45B.

🔗 venturebeat.com/games/the-sandbox-raises-20m-in-convertible-debt-at-1b-valuation-for-sandbox-metaverse/

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Top Ethereum Protocols by Total Value Locked

The total value of assets locked in Ethereum $ETH is around $67B, according to DefiLlama.com. Let’s compare the top DeFi-protocols on Ethereum chain by current TVL in USD, in order to evaluate their adoption scale. Particularly, EigenLayer's total value locked has just surpassed $20B for the first time.

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Mountain Protocol has raised $8M in a Series A funding round led by Multicoin Capital

Mountain Protocol has secured $8M in a Series A funding round led by Multicoin Capital. Other investors in the round include Castle Island Ventures, Coinbase Ventures, BanklessVC, Wormhole Ecosystem Fund, The Department of XYZ, and Aptos. Mountain Protocol is the issuer of USDM, the first regulated permissionless yield-bearing stablecoin, backed by US Treasuries.

In 2023, Mountain Protocol raised $4M in a seed funding round backed by Coinbase Ventures, Daedalus, Castle Island Ventures and others. With the new funding, Mountain plans to expand to other EVM chains, such as Avalanche, Polygon zkEVM, Gnosis, Scroll, Linea, and Celo, as well as other non-EVM chains, including Solana, Aptos, Cosmos, and Near.

🔗 x.com/MountainUSDM/status/1798740504911442339

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Top Blockchains by Number of Transactions in last 7 days

Let’s compare the top blockchains by number of transactions registered on-chain and average daily active addresses in last 7 days, according to Artemis.xyz, in order to evaluate their current adoption and performance.

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Top 10 Centralized Futures Exchanges by Volume in last 30 days

While users are gravitating towards derivatives DEXes lately, futures’ trading volume on centralized exchanges is still massive. Let’s compare the top 10 centralized futures exchanges by trading volume in the last 30 days, according to CryptoRank.

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Param Labs [PARAM] has announced a partnership with GAIMIN [GMRX]

Param Labs $PARAM, a game studio specializing in AI and blockchain technologies, has teamed up with GAIMIN $GMRX, a Web3 gaming platform and game launcher powering AI tech. Through this partnership, GAIMIN’s IP will come to life in Param's first game, Kiraverse Game, as a playable avatar.

Param Labs raised $7M in a funding round backed by Animoca Brands, Delphi Ventures, Cypher Capital, P2 Ventures, Mechanism Capital, Merit Circle and others. Current $PARAM price is $0.06. $PARAM FDV is $120M. Current $GMRX price is $0.0036. $GMRX FDV is $357M.

🔗 x.com/ParamLaboratory/status/1798820582618014207

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Aark Digital [AARK] will conduct listing on Bybit, Bitget, and Gate on June 10th

Aark Digital $AARK will be listed on Bybit, Bitget, and Gate on June 10th, at 8:00 AM UTC. Previously, Aark Digital conducted IDO on Ape Terminal. IDO price is $0.035. IDO hardcap is $350K. Initial market cap is $2.43M.

Aark Digital builds a 'Leverage Everything' perpetual DEX for professional traders and LPs. It has raised over $6M in two funding rounds backed by HashKey Capital, Arrington Capital, Cypher Capital, Morningstar Ventures, Delphi Digital, OKX Ventures, IVC, Metavest and others.

🔗 x.com/Bybit_Official/status/1799018469368988009

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Top 7 Crypto Fundraising Rounds of the Week

Let’s take a look at the top 7 biggest private crypto fundraising rounds completed in the previous week, backed by crypto venture investors including Dragonfly, Founders Fund, Bain Capital, Animoca Brands, Hack VC, Hashkey Capital and others.

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Top Upcoming Events of the Next Week

We compiled a list of top important upcoming events of the next week (June 10th - June 16th) among blockchain projects, including Aark Digital $AARK, Polyhedra $ZKJ, zkLink Nova $ZKL, bitSmiley $BIT, Ñ–o.net $IO, Aethir $ATH, Arweave $AR, zkSync $ZK, and NATIX $NATIX. Stay tuned!

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Aark Digital [AARK] has conducted initial listing on Bybit, Bitget, and Gate

Aark Digital $AARK has been initially listed on Bybit, Bitget, and Gate on June 10th, at 8:00 AM UTC. Aark Digital builds a 'Leverage Everything' perpetual DEX for professional traders and LPs. It has raised over $6M in two funding rounds backed by HashKey Capital, Arrington Capital, Cypher Capital, Morningstar Ventures, Delphi Digital, OKX Ventures, IVC, Metavest and others.

Previously, Aark Digital conducted IDO on Ape Terminal. IDO price is $0.035. IDO hardcap is $350K. Current $AARK price is $0.093 (x3). Current market cap is $6.45M. Current FDV is $93M.

🔗 x.com/Bybit_Official/status/1799018469368988009

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ZKsync will announce token allocation details this week

ZKsync has unveiled the governance community of its protocol - ZK Nation. The protocol will launch its native token and empower token holders to delegate, propose protocol upgrades, deliberate, and vote through ZK Nation's onchain governance framework. More details will be unveiled this week about the ZKsync protocol delegation process, ZKsync’s protocol token allocation, and how users can actively contribute to the evolution of ZKsync.

ZKsync is a trustless Layer 2 protocol for scalable low-cost payments on Ethereum, powered by zkRollup technology. Its main network, zkSync Era, has around $822M in assets deposited. Matter Labs, the developer of ZKsync, has raised $458M in funding rounds backed by Consensys, DragonFly, a16z, Blockchain Capital, Placeholder, Lightspeed Venture and others.

🔗 blog.zknation.io/introducing-zk-nation

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Nexus has raised $25M in a Series A funding round co-led by Lightspeed Venture and Pantera Capital

Nexus Laboratories has secured $25M in a Series A funding round co-led by Lightspeed Venture and Pantera Capital to expand zero-knowledge privacy tools. Other investors in the round include Faction Ventures, Dragonfly, and Blockchain Builders Fund.

Nexus is a modular, extensible, open-source, highly parallelised, prover-optimized, contributor-friendly, zkVM written in Rust, focused on performance and security. Previously, it raised $2.2M in a funding round backed by Dragonfly, Alliance, SV Angel and Blockchain Builders Fund.

🔗 fortune.com/crypto/2024/06/10/nexus-laboratories-raises-25-million-from-pantera-and-lightsped-to-expand-zero-knowledge-privacy-tools

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Top 7 Biggest Token Unlocks in the Next 7 Days

Monitoring of vested tokens and future unlock events is an important step to make more cautious and, in the end, better trading decisions. Let’s take a look at this and some other biggest unlocks coming in the next 7 days, including $APT, $ARB, $UNI, $STRK, $SEI, $IMX and $NGL according to CryptoRank.io.

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Squads has raised $10M in a Series A funding round led by Electric Capital

Squads has secured $10M in a Series A funding round led by Electric Capital. Other investors in the round include Coinbase Ventures, Placeholder VC, RockawayX and L1 Digital. Moreover, Squads launched Fuse, its Solana-based retail-oriented iOS wallet app, on public TestFlight.

Squads is a multisig protocol that helps crypto firms secure and manage their digital assets on-chain. Previously, it has raised $12.5M in three funding rounds backed by Delphi Digital, Collab+Currency and others.

🔗 theblock.co/post/299287/solana-multisig-protocol-squads-funding-fuse

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Zyfi has announced the closure of a $2M private funding round

Zyfi has secured $2M in a private funding round. Investors in the round include Tenzor Capital, Everstake Capital, v3ntures, Majinx Labs, ZBS Capital, Alpha Praetorian Capital, NxGen, Criterion VC and several angel investors.

Zyfi is a paymaster-as-a-service that focuses on flexibility and ease of integration and is built on top of ZKsync’s native account abstraction. Zyfi is integrated by many dApps in the ZKsync ecosystem such as ZeroLend, Gravita, Increment Fi and zkMarkets.

🔗 mirror.xyz/0x9FFC14AB8754E4De3b0C763F58564D60f935Ad6F/4lcnYdArgMRcJ6pDzwzVkrcKGT7a6kOyGQZu3CFiKLI

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Top 10 Protocols on ZKsync Era by Total Value Locked

Let’s compare the top 10 DeFi-protocols on ZKsync Era L2 by current TVL in USD, according to DefiLlama.com, in order to evaluate networks adoption scale. With over $54M in TVL, SyncSwap is the leader by locked liquidity, followed by zkSwap, Koi Finance and others.

More details will be unveiled this week about the ZKsync protocol delegation process, token allocation, and how users can actively contribute to the evolution of ZKsync.

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