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Coinbase invited to HQ in Hong Kong

Edition #68 - 16 JUN 2023


When one door shuts in the U.S., another one opens up - Hong Kong legislator Johnny Ng has invited Coinbase and other crypto exchanges to establish official operations in the city state amid hostility from US regulators.

“I hereby offer an invitation to welcome all global virtual asset trading operators including Coinbase to come to [Hong Kong] for application of official trading platforms and further development plans,” Ng tweeted.




gaming developments


metaverses & AI


defi

  • ​​​​​​​​What Is LSDFi? Overview of LSDFi protocols and how to use them.

  • ​​User-owned Web3 social graph Lens Protocol raised $15M in a funding round led by IDEO CoLab Ventures, with participation from General Catalyst, Variant Fund, Blockchain Capital, PTC Crypto (Palm Tree Crew), Flamingo, Punk DAO, dao5 (daofive), Global Coin Research (GCR), DAO Jones, Balaji Srinivasan, Sandeep Nailwal.

funding rounds

  • ​​​​Machine Learning Compute Protocol Gensyn raised $43M in a Series A funding round led by Andreessen Horowitz (a16z crypto), with participation from CoinFund, Canonical Crypto, Protocol Labs, Eden Block, Maven 11 Capital, Zee Prime Capital, Jsquare, Id4 Ventures, M31 Capital.​​

  • ​​Crypto payments platform BoomFi raised $3.8M in a Seed funding round led by White Star Capital, with participation from Passion Capital, Blockchain Founders Fund, Kraken Ventures, GSR, Aquanow, Mantle Network.

  • ​​Multichain interoperability protocol Connext raised $7.5M in a Strategic funding round from Polychain Capital, Polygon Ventures, Coinbase Ventures, Ethereal Ventures, 1kx, Hashed, Scalar Capital, NGC Ventures, IOSG Ventures, Fenbushi Capital, A Capital, No Limit Holdings (NLH), Factor, Dokia Capital.

 


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