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Daily News Summary 7/8

August 7, 2024 Tóth Balázs
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Curio Gaming Studio Raises $5.7 Million

Curio, a gaming studio building infrastructure for on-chain crypto games, has announced a successful $5.7 million funding round led by OKX Ventures, Bain Capital Crypto, and SevenX Ventures. Additionally, the studio has launched its flagship strategy game, Duper, on the Arbitrum One network.

Sui Increases Its Speed

The Mysticeti consensus protocol, based on Directed Acyclic Graphs (DAG), has been deployed on the Sui mainnet. According to the announcement, this upgrade reduces consensus latency to 390 milliseconds, making Sui one of the fastest consensus layers in the industry. Mysticeti’s rapid transaction processing capabilities will now be extended to all transaction types on the Sui network.

Grayscale Launches New SUI and Bittensor Funds

Crypto asset manager Grayscale has announced the launch of two new investment crypto funds: the Grayscale Bittensor Trust and the Grayscale Sui Trust. The Grayscale Bittensor Trust invests in TAO, the native token of Bittensor, which is central to the growth of decentralized artificial intelligence. The Grayscale Sui Trust focuses exclusively on SUI, the token of the Sui protocol that is redefining smart contract blockchains. With these two new products, Grayscale has expanded its list of investment offerings to 20.

Donald Trump's Sons Enter the Crypto Space

Donald Trump’s two sons have joined the crypto bandwagon, teasing a major upcoming project that promises to shake up the crypto world. With a post stating, “Decentralized finance is the future, don’t miss out,” accompanied by the hashtag “BeDeFiant,” they have stirred excitement among crypto enthusiasts. It appears that their announcements may be related to trademarks involving the term “World Liberty.”

Binance Labs Invests in Solayer

Binance Labs, the venture capital and incubation arm of Binance, has announced an investment in the Solayer project, a Solana restaking protocol. Currently ranked as the 13th largest Solana protocol according to DeFiLlama, Solayer has attracted attention for its potential in the expanding restaking protocol space.

USDe Stablecoin Now Available on Solana

Ethena Labs, the team behind the USDe stablecoin, has announced that the stablecoin is now available on the Solana blockchain, thanks to a new integration. This expansion is expected to significantly boost USDe’s adoption by opening up a new market within the Solana ecosystem. Additionally, the company has added SOL to the portfolio of collateral assets supporting the stablecoin.

Andrena Raises $18 Million for DAWN Project

Andrena, a Solana-based decentralized physical infrastructure network (DePIN) focused on providing decentralized internet services, has raised $18 million in a funding round led by Dragonfly. The funds will be used to develop the DAWN (Decentralized Autonomous Wireless Network) project. The round was oversubscribed, with investors including CMT Digital, Castle Island Ventures, Wintermute Ventures, 6th Man Ventures, and ParaFi among others.
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