Crypto payments firm Mesh announced on Tuesday it has raised $82 million to expand its stablecoin-based payments settlement network globally. The series B round was led by Paradigm, with ConsenSys, QuantumLight, Yolo Investments, Evolution VC, Hike Ventures, Opportuna and AltaIR Capital participating. Most of the capital raise was settled in PayPal’s PYUSD stablecoin, according to […]

A Bitcoin ordinals project said it aims to raise over $34 million from an art collection of Microsoft Paint-style cartoon wizards following a similar sale last year that raised $13 million. Taproot Wizards plans to auction 2,121 non-fungible tokens (NFTs) of its signature “magic internet JPEGs,” which harken back to a 2013 bitcoin meme: “magic […]

Dogecoin (DOGE) and ether (ETH) cratered 9% in the past 24 hours as bitcoin (BTC) stumbled 4.5%, dipping below $80,000 and leading a brutal sell-off that wiped out $700 million in long positions. Leveraged traders betting on a rally got torched with $420 million in BTC longs and $150 million in ETH longs being liquidated, […]

There is more to SEC’s recent memecoin guidance than meets the eye. On Feb. 27, the staff of the SEC’s Division of Corporate Finance issued guidance explaining that memecoins — which the SEC described as digital assets “inspired by internet memes, characters, current events, or trends for which the promoter seeks to attract an enthusiastic […]

Ethereum’s ETH has been spiraling on Monday, jeopardizing a large decentralized finance (DeFi) loan on lending platform Sky (formerly Maker) of being liquidated. The borrower in danger took out a $74 million loan in DAI stablecoin by pledging 65,680 ETH as collateral, worth nearly $130 million earlier today, per a Sky vault data dashboard. On […]