SOON raises $22m through NFT sale ahead of L2 mainnet
SOON has raised $22 million through the sale of its “COMMing SOON” NFTs ahead of its mainnet launch. The funds will support the rollout of its Layer 2 mainnet, designed to enhance the speed and efficiency of Ethereum and other blockchain networks, according to a note shared with crypto.news. SOON’s technology utilizes Solana’s Virtual Machine […]
California residents indicted in $22m crypto fraud case
Federal prosecutors disclosed an indictment against California residents Gabriel Hay and Gavin Mayo, charging them in a $22 million crypto fraud scheme. The charges come as the FBI reports Americans lost over $5.6 billion to crypto fraud in 2023 — a 45% increase from the previous year. According to ABC News, citing prosecutors, Beverly Hills-based […]
0G Labs secures $40m, StakeStone follows suit with $22m
Total crypto venture capital (VC) funding almost tripled last week to hit $120 million, with 0G Labs leading with its $40 million seed raise. Compared to the previous week, the last seven days saw a considerable surge in both the number of projects that raised funds and the total volume Crypto.news collected the data from […]
