PRESS RELEASE. LBank Labs, a key player in the Web3 space, managing a $ 100 million fund that transcends specific protocols and exchanges, has joined the group of investors in Hivello, which simplifies DePin nodes for the masses. Hivello aggregates multiple DePin nodes into a single Web 2 console, allowing anyone to install it …
Friday saw Yuga Labs, known for creating the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) series, unveiled its acquisition of Proof, a notable NFT startup behind the Moonbirds collection. Kevin Rose, founder of Proof, will assume an advisory role within Yuga, and the startup’s team plans to integrate into the Yuga framework. Moonbirds NFT […]
On Friday, Ethena Labs, the creators of the stablecoin USDE, secured $ 14 million in funding from key investors. Following this recent influx of funds and a previous $ 6.5 million investment from Maelstrom, overseen by Arthur Hayes, in July 2023, the company’s post-valuation has risen to $ 300 million. USDE Issuer …
Following the Montenegro Appeals Court’s decision to reject the extradition requests for Terraform Labs co-founder Do Kwon, the panel from the Appeals Court has nullified the latest decision by Podgorica’s High Court to extradite Kwon to either South Korea or the United States. This ruling implies that Kwon will remain in Montenegro, as the matter […]
PRESS RELEASE. LBank Labs, a prominent player in the blockchain and cryptocurrency space, is excited to announce its investment in Navi Protocol, an inaugural Native One-Stop Liquidity Protocol on Sui, offering users opportunities as liquidity providers or borrowers within the Sui Ecosystem. LBank Labs joins other notable investors such as OKX Ventures, DAO5, and Hashed […]