The Lava Network, founded in 2022, has officially launched its modular blockchain, designed to facilitate the retrieval and transmission of blockchain data for other projects via RPC (Remote Procedure Call). The project has garnered support from prominent names such as the Filecoin Network, Starknet Foundation, and Cosmos Hub. Alongside the mainnet launch, the network conducted an airdrop of 55 million LAVA tokens to its community.

Today marks the debut of Grayscale Investments’ latest product, the Grayscale Bitcoin Mini Trust, which trades under the ticker “BTC” on the NYSE Arca exchange. This new trust was approved by the U.S. Securities and Exchange Commission (SEC) last week and is essentially a “spin-off” of the larger Grayscale Bitcoin Trust (GBTC). The Grayscale Bitcoin Mini Trust offers a more accessible entry point for investors, with Grayscale allocating a portion of the Bitcoin held in the GBTC to this new mini trust. GBTC shareholders will also receive shares in the Mini Trust proportionate to their existing holdings.

Daylight, a decentralized physical infrastructure network (DePIN) project focused on energy distribution, has raised $9 million in a Series A funding round led by the crypto branch of venture capital firm a16z. The project is known to be building its protocol on Base, an Ethereum Layer 2 network incubated by Coinbase, and the testnet is already live. With this recent fundraising, the total funding has reached $13 million.