Crypto News
Former Binance Labs Makes First Investment Following Zhao’s Return: Report
YZi Labs, the rebranded venture capital arm of crypto exchange Binance, made its first investment following founder Changpeng "CZ" Zhao's release from prison, Fortune reported on Wednesday.The company formerly known as Binance Labs led a $16 million funding round into Sign, a startup that seeks to simplify token distribution and bring verification of credentials on-chain, according to the report. “Proper distribution builds trust, and verification is an essential part of it. As more people move on-chain, this is a critical part of the foundational infrastructure,” Zhao, said in an email, according to Fortune's report. The rebrand to YZi Labs means the firm has turned from being the exchange's venture capital arm into the family office of Zhao and Binance co-founder...
Erik Voorhees’s Venice AI Launches on Base
The firm promises API access to top AI models on Coinbase’s platform “without surveillance or content restrictions.” Base Welcomes Venice AI, Erik Voorhees’s Latest Venture Privacy-focused AI startup Venice debuted its API service on Coinbase’s Ethereum L2 platform Base on Monday, giving users unfettered access to open-source large language models (LLMs) like Llama and theSource link
DOGE Drops Below Uptrend Line, Signaling Possible End to Five-Month Rally
Dogecoin (DOGE), the largest memecoin by market cap, dropped below a short-term uptrend line on Monday, signaling an end to the recovery from December lows and potentially the conclusion of a five-month rally.Since then, prices have dropped below the 38.2% Fibonacci retracement level of the run that started in August and touching highs about 48 cents in December before dropping back. A golden rule of technical analysis says that for a market to maintain its current trend, it must hold above that level. If it fails to do so, the trend is said to have ended.The moving average convergence divergence (MACD) histogram is printing deeper bars below the zero line, another indication of strengthening bearish momentum. Five- and 10-day simple...
Insurance Brokerage Giant Gallagher Launches Solution for Australian Digital Asset Firms
Gallagher, a leading insurance broker a specialized insurance product aimed at Australian companies managing digital assets. Civil Liability Cover Insurance broking giant Gallagher has unveiled a specialized insurance product designed to address the risks faced by Australian companies managing digital assets. Known as Gallagher Crypto-Pro, the product aims to help Australian companies operating in thisSource link
Berachain App Boyco Goes Live With $2.2B in ‘Pre-Deposits’
Berachain-based liquidity platform Boyco went live on Tuesday with over $2.2 billion in pre-deposits.The pre-launch liquidity platform is built in collaboration with Enso, Berachain and LayerZero. It aims to solve the the cold start problem for new decentralized applications (dApps) by ensuring they have sufficient liquidity from day one. This approach theoretically helps dApps attract users immediately upon launch, giving them a head start in the competitive DeFi space.Royco is a protocol on Berachain that enables the creation of liquidity markets where protocols can negotiate with liquidity providers (LPs) to secure liquidity. Boyco is a specific implementation of Royco tailored for Berachain's mainnet launch.Through Boyco, applications can create pre-launch liquidity markets where users can deposit assets before the mainnet goes...