Morpho, a decentralized lending protocol operating on Ethereum, HyperEVM, and other blockchains currently holding $6.6 billion in total value locked, has raised $175 million in a funding round led by Paradigm, Ribbit Capital, and Andreessen Horowitz’s digital assets arm a16z crypto — valuing the protocol at up to $2 billion and positioning it for an eventual public debut as its founders set their sights on bringing Wall Street’s most traditional institutions into DeFi, according to Fortune’s report published June 9. Related Reading: The XRP Dream Has Changed: Why A Rally To $10 Could Happen Despite Disappointment The round also drew participation from Apollo Funds, Circle’s venture unit, and VanEck — a coalition of backers that spans crypto-native venture capital, traditional asset management, and institutional finance simultaneously. The investment was structured in cryptocurrency and priced at the token’s average monthly price, with the exact cost varying by when participants contrib
Humanity Protocol has disclosed that more than $36 million worth of H tokens have been stolen after attackers compromised multiple administrative keys and seized control of bridge infrastructure across Ethereum and BNB Smart Chain. According to Humanity Protocol’s June 9…
BitMine tripled its weekly ETH buy to 126,971 tokens, now holding 4.59% of supply. Only 11% of ETH supply is in threefold profit, the lowest reading since Feb 2017. A weekly close below $1,500 could push ETH toward the $1,000 support zone. The Ethereum price dropped to a low of $1,522 last week before bouncing […]
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Circle cirBTC: What Wrapped Bitcoin Actually Means
The post Circle Just Launched cirBTC: ‘Wrapped Bitcoin’ on Ethereum Bullish for BTC? appeared first on 99Bitcoins.
Bitmine's Ethereum acquisition may drive short-term price increases, reflecting institutional confidence and influencing market sentiment.
The post Tom Lee’s Bitmine buys $213.5M Ethereum, boosting market confidence appeared first on Crypto Briefing.
Circle has launched cirBTC on Ethereum, introducing a wrapped Bitcoin token backed 1:1 by BTC and supported by onchain reserve verification through Chainlink Proof of Reserve. According to Circle, cirBTC is now live on Ethereum and is designed to bring…
