Jacquelyn Melinek

Jacquelyn Melinek

Jacquelyn Melinek is a New York-based reporter covering funding, decentralized finance (DeFi) and decentralized autonomous organizations (DAOs). She previously reported on energy markets for S&P Global Platts and Bloomberg News and is published in over 65 news outlets. She graduated from the University of North Carolina at Chapel Hill with a degree in Media and Journalism. Contact Jacquelyn via email at [email protected]

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Lots of fresh capital entered the crypto space this week, up 36% from last week’s $1.34 billion

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The proposal would reduce the token allocation of a JUNO whale, alleged to have exploited a loophole, by over 98%

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The Ethereum layer-2 developer is raising at least $100 million, Israeli newspaper Calcalist reported

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Some crypto mining companies are turning to overlooked, smaller cities and towns to revitalize abandoned real estate and create high-paying jobs

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Cake DeFi Ventures will focus its investments across Web3, the metaverse, the NFT space, gaming, esports and fintech spaces that will benefit its core business

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The team will deploy the capital across 30 new companies or protocols, the firm’s managing partner told Blockworks

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The program will focus on supporting blockchain-enabled gaming, DeFi, NFTs and institutional use cases

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The stablecoin payment infrastructure provider’s seed round will go toward onboarding new users to Terra’s UST stablecoin and expanding cross-chain

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The investment was led by Greylock Partners and Electric Capital with participation from Sequoia Capital, Blockchain Capital and Slow Ventures

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The largest buzz came from Electric Capital with its $1 billion raise for two new funds focused on crypto ventures and tokens

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The country initially announced an airdrop was “confirmed” for donors but canceled the plan 29 hours later

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The novel crowdfunding and airdrop underscore potential for traditional organizations to bootstrap mainstream crypto adoption

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Of those women, 60% said they plan on buying crypto within the next few months

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The Series B round, led by Pantera Capital, raises the company’s valuation to $240 million

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The capital raise brings the firm into a bigger playing field alongside major crypto funds such as Andreessen Horowitz, Paradigm and10T Holdings

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The cryptocurrency exchange plans to invest up to $1 billion this year

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The total amount invested by JPMorgan was not disclosed

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Over $1.3 billion in investments poured into the crypto sector this week

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Total value locked in DeFi protocols has risen 237% from $55.36 billion to $186.55 billion year-over-year, a trend Aligned expects to continue

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The company plans to triple its headcount in the next year and double its supported protocols

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The platform can be used to send and receive money for investments, payments and subscriptions

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The firm’s past CFO Yaron Shalem was suspended from Celsius in November 2021, after he was arrested in Israel on allegations of money laundering, Blockworks reported

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The funds will be used to establish a bitcoin reserve for Terra’s UST stablecoin

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The crypto platform was founded in 2017 and works with over 1,000 clients in institutional and consumer markets.