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- Ethereum's Co-Founder Is Launching A Public Company, Washington's New Psychedelic Advocate, And A Quantum Security Chip
Ethereum's Co-Founder Is Launching A Public Company, Washington's New Psychedelic Advocate, And A Quantum Security Chip
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Ethereum’s Co-Founder Is Raising Hundreds of Millions Of Dollars For A Public Company
Sharplink Gaming (NASDAQ: SBET) announced a new $425 million equity financing round for the sole purpose of buying Ethereum to hold direct as an asset. The new funding round is being led by co-founder of Ethereum Joseph Lubin, ParaFi Capital, Electric Capital, Pantera Capital and Galaxy Digital (NASDAQ: GLXY). Joseph Lubin will become chairman of the newly formed company.
Washington Has A Powerful New Advocate For Psychedelics
The United States Department of Health and Human Services officially appointed attorney Matt Zorn as Deputy General Counsel. Matt Zorn has been a highly prominent advocate for reforming drug policy in America, specifically around the therapeutic potential of both cannabis and psychedelics, and has been notably outspoken about bringing sweeping changes to existing drug scheduling in the United States.
Quantum eMotion Cuts New Chip Manufacturing Deal with TSMC
Quantum eMotion (TSXV: QNC) officially validated the design for their Quantum Random Number Generation chip and will begin manufacturing the chips in partnership with semiconductor giant TSMC (NYSE: TSM). The new chip leverages quantum electron tunnelling technology to generate truly random numbers, which has important implications for cybersecurity and preventing cyberattacks.
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BTQ Technologies (CBOE: BTQ) entered into a new partnership with French quantum computing company Quandela to develop new quantum computing applications for the blockchain.
CATL, producers of lithium-ion batteries for some of the world’s largest EV manufacturers, raised $4.6 billion in an IPO round and began trading on the Hong Kong Stock Exchange.
Hyperliquid hit a new all time record for open interest on their decentralized exchange of $9.2 billion.
Coatue Management launched a new hybrid investment fund with backing from Jeff Bezos and Michael Dell. The fund will invest in both private and publicly traded companies.
Catena Labs raised $18 million in a seed round led by a16z that included participation from Tom Brady. The company is building technology that enables AI agents to make purchases and payments.
Kalshi, the popular prediction market, officially enabled users to be able to deposit Solana for the first time ever.
Rosneft, Russia’s largest state owned oil company, officially acquired the mining license for the Tomtor rare earth deposit located in Siberia.
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