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Daily News Summary 26/6

June 26, 2024 Tóth Balázs
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Conduit Raises $37 Million

The crypto infrastructure company Conduit has raised $37 million to support blockchain developers in creating customizable and reliable rollups. The Series A funding round was co-led by Haun Ventures and Paradigm, with participation from Robot Ventures, Credibly Neutral, Coinbase Ventures, and Bankless Ventures. The funds will be used to facilitate the development of layer 2 solutions that support useful on-chain products.

Blast Airdrop

The Blast Foundation has finally announced the long-awaited details of its airdrop. In Phase 1, scheduled for June 26, 17 billion BLAST tokens will be distributed. Of this, 7% will go to Blast Points holders who contributed to the protocol’s liquidity by bridging ETH or USDB, another 7% will go to Blast Gold holders, and 3% will be allocated to the Blur Foundation, which will be retroactively distributed to the Blur community.

PancakeSwap and AI

The decentralized financial platform PancakeSwap, in collaboration with Allora Network, is launching an AI-powered prediction market on the Arbitrum network. Through Allora’s machine learning capabilities, users will be able to predict ETH price movements on Arbitrum. Another AI project from PancakeSwap will debut in August, aimed at offering personalized investment strategies and real-time risk management to a broader audience.

Sui Partners with New Custodian

Mysten Labs, the team behind the Sui blockchain, announced a partnership with the custodian service provider Copper to expand its services for institutional players. The announcement revealed that Copper’s custodial support is now available for tokens created by Sui, such as the Ondo USD Yield (USDY) stablecoin.
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