Five Web3 companies raised a total of $24 million this week

This week, five companies in the crypto and blockchain space raised a total of $24 million, with bitcoin mining and crypto lending being the most popular. Nodal Power, a Utah-based bitcoin miner and energy company, raised $13 million from angel investors to power its miners with methane gas from landfills. Maple Finance, a lending protocol on Solana, raised $5 million.

Maple Finance

Comments

All Comments

Recommended for you

CointimeSG ·

Dogecoin Jumps to 3-Year High Price—Before Bitcoin Cools and Meme Coins Plunge

It's another recent milestone for Dogecoin, but the market is now red with Bitcoin down and DOGE and other meme coins falling hard.
CointimeSG ·

GCEX Expands Crypto Custody Solutions With New Hex Trust Service

The prime broker launched the Secured Accounts service to enhance institutional digital asset protection in the EU and UK. Both companies have been working closely together for 3 years, recently presenting staking services.
CointimeSG ·

Crypto miners in Texas’ ERCOT region required to report power demand
CointimeSG ·

Texas Orders Wall Street Bitcoin Miners to Register as Grid Concerns Mount

Local regulators mandate registration for crypto mining facilities using over 75MW of power. Large BTC miners like Marathon and Riot run some of their data centers in the state.
CointimeSG ·

Lutnick, Cantor Fitzgerald negotiated a 5% ownership stake in Tether: WSJ

Cantor, which holds most of Tether’s $133 billion in reserves, negotiated a 5% ownership interest in the stablecoin issuer within the past year, according to The Wall Street Journal.
CointimeSG ·

Bitcoin price dip may spur buying spree in BNB, AVAX, NEAR and OKB

Bitcoin sellers take the upper hand as BTC struggles to rally to $100,000. What will altcoins do?
The final value of the US one-year inflation rate in November is expected to be 2.6%, the expected value is 2.7%, and the previous value is 2.60%

the expected final value of the US one-year inflation rate in November is 2.6%, with an expected value of 2.7% and a previous value of 2.60%. The expected final value of the US five-to-ten-year inflation rate in November is 3.2%, with an expected value of 3.1% and a previous value of 3.10%.
U.S. stocks open, most crypto stocks open lower

the US stock market opened with the Dow Jones up 0.19%, the S&P 500 up 0.05%, and the Nasdaq up 0.01%. Most cryptocurrency stocks opened lower, with Coinbase (COIN.O) down 0.06%, MicroStrategy (MSTR.O) up 0.4%, and Riot Platforms (RIOT.O) down 2.6%. Previously, Bitcoin had risen above $99,000 before falling back.
BTC breaks through $98,500

market shows BTC breaking through $98,500 and is now trading at $98,501.24, with a 24-hour increase of 0.84%. The market is volatile, so please be prepared for risk control.
Cardano's ADA Hits Highest Level Since May 2022 as Bitcoin Nears $100K and Capital Rotates into Alternative Cryptocurrencies

Cardano's ADA has reached its highest level since May 2022, with evidence of significant participation from large traders in the on-chain activity. As Bitcoin approaches the $100,000 mark for the first time, capital is shifting towards alternative cryptocurrencies, generating excitement in the wider crypto market. Additionally, Bitcoin has broken a new record above $98,000, and there are reports that former US President Donald Trump is considering appointing a "Crypto Czar" and a crypto lawyer for SEC Chair. BlackRock's IBIT options launch has also contributed to Bitcoin's new ATH.