Tag Archives: paradigm

CoinspeakerMonad Labs Successfully Raises $225M to Build EVM-Compatible L1 Monad Blockchain San Francisco-based crypto venture capital Paradigm led the $225 million fundraising for Monad Labs to help it compete with other layer-one solutions like Solana. Monad Labs Successfully Raises $225M to Build EVM-Compatible L1 Monad Blockchain

The firm, co-founded by Coinbase co-founder Fred Ehrsam and former Sequoia partner Matt Huang, is looking to tap into institutional interest in the space following a bear market lull in VC investing. It would be one of the largest new crypto VC funds raised since the market downturn last year, according to an April 3 Bloomberg report citing anonymous sources. The peak for crypto VC fundraising came in May 2022, when venture firm Andreessen Horowitz (a16z) raised a $4.5...

The Blast Mainnet is scheduled to go live on February 24, 2024, enabling withdrawals and allowing users to redeem their Blast Points for actual rewards starting from May 24 next year. Recently launched Ethereum (ETH) Layer-2 blockchain Blast has earned itself some popularity in the last few days, although a significant portion of this fame has not been for the right reasons. Blast is the first-ever Layer-2 blockchain protocol to provide its depositors with native yield and this singular...

Paradigm, a leading crypto venture capital firm, openly criticized the marketing and execution strategy of Blast, a startup in which the former is a seed investor. Dan Robinson, Paradigm’s Head of Research, voiced his concerns over Blast’s approach, stating it sets a troubling precedent for other projects in the blockchain space. Dan Robinson’s Critique of Blast In a statement released on X, Robinson expressed Paradigm’s disagreement with Blast’s decision to launch a bridge...

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 recently launched Ethereum layer 2 network – has caught the attention of these malicious entities, with a victim losing more than $130,000. Blast Phishing Scam A fraudster impersonated Paradigm partner Matt Huang to endorse phishing links for Blast. Bitrace was the first...

The L2 protocol anticipates its Mainnet to go live on February 24 next year, enabling withdrawals, with users able to redeem their Blast Points starting May 24. Blast, an Ethereum layer 2 protocol with yield-bearing assets, announced the completion of its $20 million funding round led by Paradigm, a research-driven technology investment company with a special focus on crypto. Announcing the milestone on Twitter now X, the protocol said Standard Crypto also contributed to the $20 million...

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 over crypto secondary markets.” The brief filed on July 7th stated that the case against the US-based crypto exchange should be dismissed. It argued that the SEC cannot support extending the Howey test to determine that secondary market sales are investment contract...

Paradigm’s co-founder – Matt Huang – said the company “has never been more dedicated to crypto.” The venture capital firm has been involved in the industry for years by making substantial investments and leading numerous fundraisers. ’Excited About Crypto’  Huang assured in a new post on Twitter that Paradigm remains committed to the cryptocurrency sector. The VC giant will continue “to invest across all stages, publish original research, help portfolio companies develop...

Crypto exchange FTX has partnered with digital asset investment firm, Paradigm. The aim of the collaboration is to launch spread trading, which will essentially enable users to benefit from pricing dislocations with “cash-and-carry” plays. Spread Trading can be referred to as the purchase of one security and sale of a related security, called legs, as a unit. According to the official blog post, the partnership will help users to leverage “single-click” trading with “no leg...

Rain Financial in the Middle East – which operates the Rain cryptocurrency exchange licensed by the Central Bank of Bahrain – has garnered more than $110 million in series B funding as digital currencies become more mainstream and legitimate in that part of the world. Rain Financial Gets a Lot of Money The funding round was led by Paradigm, a San Francisco-based crypto investment firm. Also helping with the round was Kleiner Perkins in Silicon Valley. Additional funds...