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Stay ahead with crypto news & alpha.

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[IanGPT] Sino Global, Coinbase and Libra Alums Start $60 Million Web3 Fund

- New $60 million fund, Oak Grove Ventures, launches focusing on Web3, AI, and biotech.
- Team comprises alumni from Sino Global Capital, Libra, Alchemy Pay, and Coinbase.
- Operated previously as a family office with a history of successful early-stage investments in over 30 projects, including SpaceX and Neuralink.
- This comes after Blockchain Capital's $580 million fundraising for crypto-focused funds, attracting traditional institutional investors.

via: CoinDesk
[IanGPT] Mastercard's Start Path Adds Seven Blockchain Startups for Blockchain Innovation & Scalalability

- Seven blockchain and digital asset startups join Mastercard's global Start Path program to foster innovation and scale decentralized financial solutions.
- Program offers startups technical collaboration, access to Mastercard's customer base, expertise, and specialized training.
- Startups include Cenoa, Crossmint, CUB3.AI, Emerge, LI.FI, Lirium AG, and Polytrade, focusing on areas like digital assets, crypto payments, scalable blockchain solutions, NFTs, and loyalty programs.
- Companies in Start Path have proven product-market fit and have raised seed or Series A funding.
- Mastercard aims to simplify the use and deployment of blockchain technology, making it more accessible for fintechs and enterprises.

Press Release
[IanGPT] Eclipse Announces Ethereum SVM L2

- Architecture: Combines Ethereum for settlement, Solana Virtual Machine (SVM) for execution, Celestia for data availability, and RISC Zero for ZK proofs.
- Performance: Utilizes SVM for optimized parallel execution and scalable state management.
- Fees: Adopts Solana's local fee markets to prevent fee spikes across apps.
- Compatibility: Full EVM compatibility via Neon EVM; MetaMask Snaps for easy user onboarding.
- Future Plans: Open to Ethereum migration for data; no own token planned.

Source
Retention Amongst Crypto Applications & Protocols

https://x.com/joel_john95/status/1704394693684158842
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MicroStrategy has acquired more BTC

- 5,445 BTC @$27,053
- MicroStrategy now holds 158,245 BTC @$29,582

Source
Avantis Closes $4M Seed Round

- Led by Pantera Capital with participation from Founders Fund, Galaxy, and Modular Capital
- Avantis is a perpetuals exchange for crypto, forex, and commodities on Base
- Powered by Pyth and Chainlink oracles

Join the Waitlist: https://www.avantisfi.com/

Source
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