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Permissionless Restaking Protocol Symbiotic Launches Raising $5.8 Million in Seed Round

Symbiotic, a permissionless restaking protocol, has recently launched, allowing other protocols to provide shared security through asset restaking. At the same time, Symbiotic announced it had raised $5.8 million in…

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Paradigm Secures $850 Million for Third Crypto Fund, Targets Early-Stage Projects

On June 13, the leading San Francisco-based crypto-focused venture capital firm Paradigm revealed it has secured its third fund, totaling $850 million, aimed at early-stage crypto projects. Paradigm Announces $850…

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Farcaster Secures $150M in Funding, Reaches $1B Valuation With Backing From Paradigm

Farcaster, a decentralized social media platform leveraging the Ethereum blockchain and Optimism’s Layer two ecosystem, has successfully raised $150 million in a funding round led by Paradigm, bringing its valuation…

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Succinct Labs Raises $55M to Propel Zero-Knowledge Proofs Into Mainstream Development

On Thursday, Succinct Labs, a startup dedicated to democratizing zero-knowledge proofs, unveiled that it had secured $55 million in funding through both seed and Series A rounds. Paradigm took the…

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Ethereum Layer 2 Blast’s Rising Popularity Draws Scammers: Victim Loses $130K in Phishing Incident

While layer 2 networks have become immensely popular in recent months, scammers are targeting newly launched ones and deceiving investors through creative phishing schemes to misappropriate funds. Blast – the…

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Paradigm Criticizes SEC’s Actions Against Bittrex in New Amicus Brief Filing

Crypto investment company Paradigm has filed an amicus brief in the US Securities and Exchange Commission’s (SEC) case against Bittrex, claiming that the regulator is “wrongfully attempting to lay claim…

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