The Block
APT, the native token for the Aptos blockchain, rose by more than 15% and hit a new all-time high of $18.78 on Tuesday.The token’s market capitalization neared $7.4 billion.
Quick Take USDT stablecoin issuer Tether set up an artificial intelligence division with plans to hire an AI-fcoused team. In previous efforts to bolster its AI operations, Tether invested an undisclosed amount in Northern Data Group last year.
Quick Take Gunzilla Games has raised $30 million in a funding round co-led by CoinFund and Avalanche’s Blizzard Fund. Funding will support the development and release of “Off the Grid,” a free-to-play battle royale video game slated for release on PlayStation, Xbox and PC.
Quick Take 0G Labs has raised $35 million in pre-seed funding from investors, including Hack VC, OKX Ventures and GSR. The modular blockchain project is building a data availability system focused on decentralized AI applications.
BlackRock’s planned tokenized fund launch “brings legitimacy” to public smart contract chains like Ethereum, according to analysts at Bernstein. BlackRock unveiled the BUIDL tokenized private equity fund earlier this month, deepening its foray into digital assets after launching a spot bitcoin ETF.
Quick Take Worldcoin, the “proof of personhood” project which gives people crypto tokens when they have their irises scanned to prove they are human, has been ordered by a regulator in Portugal to halt biometric data collection.
Quick Take The partnership between Hashnote and Paxos will facilitate a “two-way atomic settlement process” that allows for instantaneous conversions between the yield-bearing USYC token and PayPal’s stablecoin.
BadgerDAO has launched eBTC — an ether-backed, synthetic bitcoin token in collaboration with liquid staking platform Lido. The token enables users to get paid to borrow synthetic bitcoin without any upfront fees or interest.
ALEX raised $10 million in a strategic funding round led by Spartan Capital. ALEX leverages Layer 2s, bridges, oracles and other infrastructure to create a Bitcoin-specific decentralized finance layer.
Quick Take Borderless Capital announced it has acquired quant trading firm CTF Capital to both expand into Latin America and bulk up on the tech side, including “AI-driven” investment capabilities. Assets managed by CTF Capital will be folded into Borderless Capital’s $100-million flagship hedge fund. Borderless Capital also plans to open a Latin American headquarters in Argentina.
