Binance & CZ sued by CFTC over regulatory violations

Edition #57 - 31 MAR 2023

CFTC also appears to have some of Binance's internal chat logs like "come on. They are here for crime.” “we see the bad, but we close 2 eyes.” and similar.

gaming developments

• ​​​​​​​​​​CCP Games has completed $40M funding led by a16z to develop a web3 game.

• Great gaming market report by web3 Studios x Polygon Labs x Blockchain Game Alliance.

metaverses & AI

• Disney is shutting down its metaverse arm.

• Gucci is teaming up with Bored Apes creator Yuga Labs.

• ​​Metaverse infrastructure developer Hadean raised $5M in a Series A extension funding round. Ericsson Ventures, Metrea Discovery, VU Venture Partners, Sanctor Capital and Tirta Ventures are among investors.

• ​​AI-Focused Crypto Protocol Fetch AI raised $40M in a funding round from DWF Labs.

defi

• ​​​​​​​Non-custodial DEX on Sui Network Turbos Finance received an investment from Jump Crypto. Amount raised is not disclosed.

• Great read by Messari on State of DAO's.

• ​​Crypto wallet company Ledger raised $108M in a Series C funding round. 10T, Cité Gestion Private Bank, Cap Horn, Morgan Creek, Cathay Innovation, Korelya Capital, Molten Ventures, True Global Ventures, Digital Finance Group and VaynerFund are among investors.

funding rounds

• Middleware platform Particle Network raised $7M in a seed funding round led by ABCDE, with participation from Animoca, Longhash Ventures, GSR Ventures, Hashkey and OP Crypto.

• ​​Staking Protocol EigenLayer raised $50M in a Series A funding round led by Blockchain Capital, with participation from Electric Capital, Polychain Capital, Hack VC, Bixin Ventures, Finality Capital Partners and Coinbase Ventures.

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