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Decentralized Cloud Infrastructure Akash Completes $6.65 Million Financing Round with Avalanche Foundation Among Investors

2026.03.02 21:53:51

March 2 — Akave, a decentralized enterprise cloud infrastructure firm, has closed a $6.65 million funding round led by Protocol Labs, No Limit Holdings, Blockchange, Lightshift, Blockchain Builders Fund, Big Brain Holdings, the Avalanche Foundation and the Filecoin Foundation. Akave’s decentralized cloud storage platform, Akave Cloud, is built on the Avalanche L1 blockchain and targets an S3-compatible decentralized storage solution for AI applications. The platform offers on-chain verifiability, programmable access controls, and no data egress fees. It integrates with tools like Snowflake and Apache Iceberg, plus an option to long-term archive data to the Filecoin network.
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Marex Launches Principal-Protected Binary Option Derivative Based on an Existing Predict Market Product

April 4 (Bloomberg) — Marex Group Plc, a global financial services platform, has issued what is believed to be the world’s first bond-like note tied to forecast market outcomes. Unlike traditional binary options contracts, the note’s terms specify: If Nvidia Corp. remains the world’s largest company by market capitalization one year from now, investors will receive a 7% coupon; if not, their principal will be fully repaid (with only potential interest lost, no full principal risk). The issuance totals approximately $10 million, sold to Swiss institutional clients and restricted to regions outside the U.S. due to regulatory constraints. Marex will dynamically hedge risks via prediction market platforms such as Kalshi. Per the report, this marks the latest Wall Street effort to “securitize” the power of prediction markets, providing a compliant, low-risk entry point for traditional large-scale funds.

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Whale Sets 10 Big Goals, Sets $67,000 Limit Order to Long BTC

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