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This week's Rundown covers significant fundraising news in the cryptocurrency sector, including grants, layoffs, and innovative developments in blockchain technology.
Nitro Labs has successfully raised $4 million in a seed funding round to enhance its SVM-as-a-Service platform, Termina, aimed at supporting Solana-based networks.
Ironblocks introduces Venn, a new security system aimed at preventing hacking in decentralized finance.
BOB, a Bitcoin layer-2 project, integrates with the Superchain ecosystem, receiving support from the Optimism Foundation.
Sapien, a startup focused on incentivizing data labeling for AI, has successfully raised $10.5 million in seed funding to enhance its platform.
Starknet announces its impressive transaction speed record, eclipsing previous benchmarks set by other networks.
Nillion has successfully raised $25 million to enhance its unique blind computing technology aimed at securely processing data.
Colby Winegar has been promoted to CEO of the decentralized cloud-storage platform Storj, following the leadership of Ben Golub.
AgriDex, a blockchain-based platform, collaborates with Stripe to lower transaction costs for agricultural businesses, exemplifying the rising adoption of stablecoins for payments.
Kraken has decided to build a layer-2 network using Optimism's OP Stack, bolstered by a generous grant of OP tokens worth $42.5 million.
The Stacks project has confirmed the deployment of its Nakamoto upgrade, promising faster transactions and improved irreversibility akin to Bitcoin.
Animoca is expanding its headquarters significantly while traditional finance companies in Hong Kong are downsizing.
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