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SEC approves 8 spot Ethereum ETFs

Edition #108 - 25 MAY 2024

The U.S. Securities and Exchange Commission approved eight spot Ethereum ETFs in an ominbus order, confirming a last-minute scramble to get them through.


The SEC approved 19b-4 forms for the ETFs from BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy and Franklin Templeton.

gaming developments

  • ​​​​Web3 football ecosystem FantaGoal raised $3M in a funding round led by IDG Capital, with participation from OptaJoe, KuCoin Ventures, Chain Capital.

  • ​​RPG game developed by Inutan Studios Aria (Inutan X) closed Seed funding round led by Folius Ventures, The Spartan Group, Merit Circle, with participation from Galaxy Interactive, Animoca Brands, Formless Capital, Big Brain Holdings, Selini Capital, Bitscale Capital, Liquid X Ventures, Monad Labs, 32bit Ventures, MrBlock, DCF God, MacnBTC, cr0ss eth, Ash Crypto. Amount raised is not disclosed.

  • Entertainment studio and technology company FEATURE raised $1.9M in a funding round from 2 Punks Capital, InterVest, Avalanche, Acme Innovation, SterlingVC.

metaverses & AI


  • ​​Decentralized spot and perpetual exchange Marginal closed Pre-seed funding round led by No Limit Holdings (NLH), Baboon VC, with participation from NxGen, Cogitent Ventures, Tenzor Capital, Vessel Capital, Pivot Global, Ken, Altcoin Sherpa, Janitooor, Kirby Ong, Albert Chon, Charles Lu, Taranveer Sabharwal, Kiet, Steve Bearwin, WSB Mod. Amount raised is not disclosed.

  •  Ethereum liquid restaking platform Kelp DAO raised $9M in a Private funding round led by SCB Limited, Laser Digital, with participation from Bankless Ventures, Hypersphere, Draper Dragon, Digital Asset Capital Management (DACM), Cypher Capital, ArkStream Capital, Cluster Capital, GSR Markets LTD, LongHash Ventures, Side Door Ventures, NOIA Capital, HTX Ventures (ex Huobi Ventures), AVID3, ViaBTC Capital, DWF Labs, Coinseeker, Alex Svanevik, Scott Moore, Marc Zeller, Amrit Kumar.Perpetuals DEX powered by Boosted (Re) Staking Vaults Zaros raised $1.8M in a funding round from SNZ Holding, Cogitent Ventures, DCI capital (Dutch Crypto Investors), Rocky Holding, Honey Island Capital, BaseDAO, Anthony Sassano, Fernando Martinelli, Kieran Warwick.

funding rounds

  • ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Decentralized social network Farcaster raised $150M in a Series A funding round led by Paradigm, with participation from a16z crypto, HAUN Ventures, Union Square Ventures (USV), Variant Fund, Standard Crypto. 

  • ​​Infrastructure provider on Runes protocol RunesTerminal closed funding round led by Cogitent Ventures, with participation from Coin Merge Strategy (CMS), Waterdrip Capital, NxGen, iAngels Capital, Pentos Ventures, Zephyrus Capital, Laser Digital, Genesis Block Ventures Capital (GBV), The DuckDao, Fusion7 Venture Capital, Pragma Ventures, Optic Capital, DEXTools, SeedThrift Ventures, Acquire Fi, Basics Capital, YAY Network, Nabais Capital, NewTribe Capital, x21 Digital. Amount raised is not disclosed.

  • ​​Platform focused on Network Neutral Applications (nnApps) Blockless raised $8M in a Seed funding round from M31 Capital, Chorus One, Interop Ventures, No Limit Holdings (NLH), NGC Ventures, MH Ventures. 

  • ​​Cross-chain interoperability protocol StripChain raised $10M in a funding round led by Sora Ventures, with participation from Hyperithm, Shima Capital, Hypersphere, Mechanism Capital, Ascensive Assets, Santiago R. Santos, Ryan Selkis.

  • Public goods staking and governance solutions protocol Dora Factory raised $10M in a Strategic funding round from Nomad Capital, No Limit Holdings (NLH), Sky9 Capital, UOB Venture Management, Signum Capital, UVM Signum Blockchain Fund, Longling Capital, Interop Ventures.


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