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Crypto startup Subzero Labs has completed a $20 million seed round financing, with Pantera Capital leading the investment.

7 days ago

August 2nd: As per Fortune magazine, the cryptocurrency startup Subzero Labs has successfully completed a $20 million seed round of financing. This round was spearheaded by the crypto investment firm Pantera Capital, and it saw the participation of crypto venture funds Variant and Coinbase Ventures, as well as the crypto division of the high-frequency trading firm Susquehanna. Subzero Labs' Co-founder and CEO, Ade Adepoju, declined to reveal the company's valuation subsequent to this financing round. He mentioned that the transaction was finalized in the first quarter of this year and encompassed a combination of equity and token warrants (that is, allocation rights to future yet-to-be-released crypto tokens). Subzero Labs intends to launch a novel blockchain named Rialo, which is crafted for real-world applications. Rialo is not a conventional Layer 1 blockchain - in Adepoju's words, it is "neither Layer 1, 2, 3, 4, 5, nor 6", and he is hesitant to draw comparisons with existing crypto products. Rialo is targeted at non-crypto developers, enabling engineers to build upon the blockchain functions that are typically off-chain. For instance, it can access off-chain data without the requirement of an oracle, like FICO credit scores.
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Ethereum's Largest Whale BMNR Sees Unrealized Gain of Over 14%, Amounting to $410 Million

August 8th. According to the most recent announcement, by August 3rd at 6:30 PM Eastern Time, the largest holding institution of Ethereum, BitMine (BMNR), holds 833,137 ETH with a price of $3,491.86 per ETH. Based on the current market price of Ethereum at $3,984, the current unrealized gain/loss ratio of BMNR is 14.09%, and the unrealized gain is $410 million.

4 minutes ago

A whale bought 1390 ETH at an average price of $4000 and used it as collateral to leverage the ETH/BTC exchange rate.

On August 8th, as per LookOnChain's monitoring, when ETH exceeded $4000, whale 0xaf6c made a purchase. It bought 1,390 WETH at a price of $4000 each, amounting to $5.56 million. Subsequently, this whale deposited these 1,390 WETH into Aave. It then borrowed 52.83 WBTC ($6.17 million) from Aave and swapped it for 1,539 WETH ($6.17 million).

4 minutes ago

The United States and Russia plan to reach an agreement on the Ukraine issue

Update: On August 8th, as per market intelligence, the United States and Russia are scheduled to reach an accord on the Ukraine matter and are set to hold a summit in the coming week. Under the terms of the agreement, Russia will halt its offensive actions along the present front line in the Kherson and Zaporizhzhia regions of Ukraine.

4 minutes ago

Lens is launching a Token Distributor that will distribute GHO tokens to real users.

On August 8th, as per official channels, Lens has made an announcement regarding the launch of a token dispenser. This dispenser is utilized for gasless token distribution, which is based on the real user value rather than superficial activities. The dispenser is constructed on Lens and is currently in the preliminary testing stage. It will directly distribute GHO to high-value users and deposit it directly into their Lens account without the need for any claiming process. The team stated that although the first phase mainly focuses on GHO, the system is capable of supporting all ERC-20 tokens. In April of this year, Layer 2 SocialFi blockchain Lens Chain announced the official launch of its mainnet.

4 minutes ago

If Ethereum breaks above $4,100, the mainstream CEX total short liquidation volume will reach $864 million.

On August 8th, according to Coinglass data, if Ethereum manages to break through $4100, the cumulative short liquidation intensity on mainstream CEXs will reach 864 million. Conversely, if Ethereum drops below $3900, the cumulative long liquidation intensity on mainstream CEXs will reach 668 million. BlockBeats Note: The liquidation chart does not provide the exact number of contracts to be liquidated or the exact value of contracts to be liquidated. The bars on the liquidation chart actually represent the significance of each liquidation cluster in relation to adjacent liquidation clusters, that is, the intensity. Therefore, the liquidation chart shows to what extent the target price will be influenced when it reaches a certain position. A higher "liquidation bar" indicates that the price will experience a more intense reaction due to a liquidity cascade.

4 minutes ago

「ETH Whale with 75% Win Rate in Four Battles」 on the Verge of Liquidation, Ethereum Short Position Faces Over $9 Million in Unrealized Losses

On August 8th, as indicated by on-chain data, the "Four-Battle ETH 75% Win Rate Whale" is on the verge of liquidation (with a liquidation price of $4,016.41). Its 15x short position in Ethereum is facing a floating loss of more than $9 million.

4 minutes ago

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