Bio Protocol has completed a $6.9 million seed round financing, led by Arthur Hayes's Maelstrom Fund
On September 17th, Bio Protocol successfully completed a seed round of financing amounting to $6.9 million, with Arthur Hayes's Maelstrom Fund taking the lead. Other investors involved include Mechanism Capital, Animoca Brands, Zee Prime Capital, Panga Capital, Mirana Ventures, Foresight Ventures, Big Brain Holdings, and others.
Bio Protocol is set to launch an AI-based decentralized science platform dedicated to biotech financing and drug discovery. This financing coincides with the launch of Bio V2, which introduces on-chain funding and a decentralized AI-driven framework for early-stage scientific research and development. Researchers, patients, and the crypto community can utilize BioAgents to generate scientific hypotheses, monetize their discoveries, and uncover hidden insights in the field of biology more rapidly than traditional biotech. Bio plans to globally expand the BioAgent framework to other researchers and labs, creating a decentralized scientific machine network to bui
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U.S. Senators Call for Investigation into Trump's AI and Crypto Advisor David Sacks
September 17th. According to Decrypt, Senator Elizabeth Warren of the United States is conducting an investigation into whether David Sacks, Trump's AI and cryptocurrency advisor, violated government ethics rules. Warren sent a letter to the U.S. General Services Administration and the Trump transition team, requesting Sacks' financial disclosure information in order to assess whether he is facing a conflict of interest due to his investments. Sacks currently serves as a partner at the venture capital firm Craft Ventures, and his dual role has triggered ethical discussions.
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Imperial Finance Group Plans to Raise HKD 18.1 Million for Crypto Asset License and Web3 Project Development and Investment
On September 17th, as per an announcement from the Hong Kong Stock Exchange, Empire Financial Group Limited (HK.8029) reached a placement agreement with a placement agent on September 17, 2025. The company intends to place up to 46.68 million new shares at a price of HK$0.388 per share, with the aim of raising approximately HK$18.1 million. In the event that all placement shares are fully placed, the net amount is estimated to be approximately HK$17.6 million. The company plans to utilize the net proceeds for the following purposes:
(i) Approximately HK$7 million for general working capital;
(ii) Approximately HK$6 million for the further development of financial services, encompassing the enhancement of its existing SFC license pertaining to cryptocurrency trading and management;
(iii) Approximately HK$4.6 million for the development and investment in Web 3.0 businesses and projects.
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Kredete has completed a $22 million Series A funding round, with CAIF and FIVE as lead investors.
September 17th. The African fintech firm Kredete declared the accomplishment of a $22 million Series A funding round. This round was led by AfricInvest via its Cathay AfricInvest Innovation Fund (CAIF) and Financial Inclusion Vehicle (FIVE). Partech also participated, and Polymorphic Capital made a follow-on investment.
Kredete is dedicated to assisting African immigrants in enhancing their credit records by means of stablecoin payments and credit-building services. It intends to expand into the Canadian, UK, and European markets. The company will launch Africa's first stablecoin credit card, rental credit reports, credit savings plans, and other novel features. Additionally, it will build a banking and wallet aggregation API that covers 41 countries to facilitate secure and low-cost cross-border payments for businesses.
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