Cathie Wood's ARK Invest has invested $60 million in Elon Musk's xAI startup, accounting for approximately 2% of the fund's holdings. Last month, ARK Invest disclosed that 4% of its entire holdings were invested in OpenAI, and 5% were invested in Anthropic, the company behind the Claude AI model.
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ARK Invest has invested $60 million in Musk's xAI startup
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Ethereum 2024 Staking Insights & Analysis
What shaped Ethereum in 2024? It seems pretty challenging to find a common denominator, but there were some milestones no one can’t argue about being included. Here are my top-3 picks in chronological order:
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State of Cardano Q3 2024
Cardano (ADA) is a Proof-of-Stake (PoS) Layer-1 network launched in 2017. Cardano aims to provide security, scalability, and functionality to decentralized applications and systems building atop the network. In addition to its community of developers, node operators, and projects, Cardano is supported by entities like Input Output Global (IOG), Cardano Foundation, EMURGO, and others. These entities support the network’s development, adoption, and finances as Cardano moves toward the age of Voltaire, the final phase of its roadmap.
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AI agent startup /dev/agents completes $56 million seed round with a valuation of $500 million, led by Index Ventures and CapitalG
On December 18th, it was reported that the AI agent operating system platform /dev/agents founded by former Stripe CTO David Singleton has completed a seed round of financing worth $56 million with a valuation of $500 million. This round of financing was led by Index Ventures and CapitalG, with participation from Conviction Capital. Many outstanding technology leaders, including Andrej Karpathy, co-founder of OpenAI, Alexandr Wang, CEO of Scale AI, Nikesh Arora, CEO of Palo Alto Networks, and Andy Rubin, founder of Android, also participated in this round of financing. -
Topology Ventures raises $75 million in new fund to invest in decentralized networks and other areas
According to a report from Fortune, Topology Ventures' new fund has raised $75 million and will invest in cutting-edge technology, artificial intelligence, decentralized networks, neural technology, aerospace, and robotics. The fund is led by Cendana Capital and Accolade Partners and has received three times the amount of oversubscription. Other partners include Marc Andreessen of a16z, Bob Goodman of Bessemer Management, and Paris Hilton, co-founder of OpenAI. -
Waterfall Network Completes $11.6 Million Funding
On December 13th, Waterfall Network, an intelligent contract platform, announced the completion of a new round of financing worth $11.6 million, with participation from Bolt's Capital, Alpha Token Capital, and Enflux. The funds will be used to strengthen the platform's infrastructure, simplify nodes, and further improve it. -
Fantasy.top Completes $4.25 Million Seed Round Financing, Led by Dragonfly
Fantasy.top, a decentralized card game based on Blast, has completed a $4.25 million seed round of financing and launched the platform's second version, Fantasy V2. The round was led by Dragonfly with participation from Manifold Ventures. The financing will be used to enhance Fantasy's core products: card trading games and virtual betting. -
Financial technology platform KAST raises $10 million in seed funding for neobank-style experience using stablecoins.
Financial technology platform ChainwireKAST has secured $10 million in seed funding from HongShan Capital Group and Peak XV Partners. The platform offers payment cards and USD-denominated accounts to users in over 150 countries, as well as the ability to send and receive cash. KAST plans to launch savings and remittance products without the need to touch fiat directly. Stablecoins have seen significant growth, with analysts predicting over 1 billion users by 2030. -
Renowned philanthropist Qian Fenglei has completed $100 million in financing to build the blockchain ecosystem FO-X
well-known philanthropist and chairman of Hengfeng International, Qian Fenglei, has completed his first $100 million financing. Qian Fenglei personally invested $50 million, and the remaining funds came from his 50 old friends. Hengfeng International will be committed to building an ecological platform FO-X based on blockchain technology for everyone, leading 1 billion users to enjoy the dividends brought by blockchain technology. -
Cross-border stablecoin payment company Sphere completes $5 million financing, led by Coinbase Ventures and others
On December 12th, cross-border stablecoin payment company Sphere completed a $5 million financing round, led by Coinbase Ventures and Kraken Ventures. The funds raised will be used for further investment in regulatory compliance and risk management capabilities. Sphere was founded by Arnold Lee and Luigi Charles in 2022 and enables stablecoin cross-border payments between enterprises through partnerships with global fintech companies and licensed remittance service providers. Stablecoins can also be exchanged for local fiat currency at the destination.
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