Cathie Wood’s Ark Invest Raises $16 Million for Another Crypto Fund

Cathie Wood praised crypto assets for proving to be safe havens as crisis unfolded in the US banking system last week. Ark Investment‘s Cathie Wood is known for making some of the bold bets in crypto. Even during the strong downfall of 2022, Cathie Wood has been a regular investor in crypto companies like Coinbase. … Read more

Ethereum Layer-2 Solution Scroll Secures $50 Million in Fresh Funding

Even in its pre-alpha stage, the Ethereum Layer 2 platform Scroll has reached one million unique addresses as well as 16 million transactions. On Monday, March 6, the Ethereum Layer-2 network Scroll which uses zk-roll-ups technology raised more than $50 million in its latest funding round. some of the top venture capital giants participated in … Read more

Chaos Labs Secures $20 Million Funding Led by PayPal and Galaxy Digital

Chaos Labs said that it will use these funds to boost the security of the DeFi protocols through its services like capital efficiency and risk optimization, streamlined risk assessments, spend optimizations, and much more.  Despite these tumultuous times in the market, crypto firms continue to secure fresh funding. On Tuesday, February 21, Chaos Labs announced … Read more

Hacker of DeFi Bridge Wormhole Moves $46 Million Worth of Stolen Funds

Over the last few weeks, the hacker of Wormhole DeFi bridge has turned active once again converting his Ether into ETH-pegged assets like Lido’s stETH and wstETH.  Last year in February 2022, a hacker exploited the DeFi bridge Wormhole by stealing a staggering 120 wETH worth $320 million at that time. Wormholde served as a … Read more