Ryan Weeks / The Block:
Mysten Labs, which is developing the Sui blockchain, raised a $300M Series B led by FTX at a $2B+ valuation; all five founders worked at Meta’s crypto unit — – Mysten’s Series B round values the company at over $2 billion, giving investors equity and token warrants.
Brandy Betz / CoinDesk:
Tharsis Labs, which develops the Evmos cross-blockchain tool to connect Ethereum and Cosmos, raised $27M via a token sale led by Polychain Capital — Polychain Capital led the funding raise to accelerate the cross-chain decentralized app platform — Tharsis Labs – the core developer of Evmos …
Hannah Miller / Bloomberg:
Solana cofounders Anatoly Yakovenko and Raj Gokal scramble to move past FTX’s stain on their token, down 96% from November 2021; FTX and Alameda bought 58M+ SOL — Solana, the blockchain network once championed by Sam Bankman-Fried, is drawing immense scrutiny as industry watchers wonder whether …
Kollen Post / The Block:
The SEC wins a lawsuit against decentralized publishing platform LBRY, saying its token is subject to regulatory oversight, in a blow to crypto token issuance — – A New Hampshire district court has ruled against decentralized publishing platform LBRY in a legal battle with the SEC.
Ryan Weeks / The Block:
Celestia, which is building a modular blockchain architecture, raised $55M, a source says in a Series A and a Series B held earlier this year at a $1B valuation — – Celestia Labs netted $55 million across two quietly closed fundraises this year. — The latest capital injection values …
Brandy Betz / CoinDesk:
Blockchain intelligence startup TRM Labs raised a $70M Series B extension led by Thoma Bravo, bringing the round to $130M — Goldman Sachs, PayPal Ventures, Amex Ventures, and Citi Ventures also participated. — Blockchain intelligence firm TRM Labs has raised $70 million …
Tim Hakki / Decrypt:
CoinGecko: the Aptos token fell 40.5% on its first day of trading; Aptos’ Layer 1 blockchain was panned for opaque tokenomics and a low transaction throughput — The price of Aptos has crashed more than 40% a day after launch as investors remain wary of the network’s widely-panned mainnet rollout.
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