Bitcoin Ordinals explorer Ord.io raises $2 million in pre-seed funding for Runes expansion

    Bitcoin Ordinals explorer Ord.io announced Wednesday the closure of a $2 million pre-seed funding round, co-led by Bitcoin Frontier Fund and Sora Ventures.

    Eden Block, Arca, Longhash Ventures, Daxos Capital, Portal Ventures, UTXO Management, Rubik Ventures, VitalTao Capital, Antalpha Ventures, Kommune Fund, Edessa Capital, PetRock Capital, PG Capital, Shake and Bake Productions, Re7 Capital, and Balaji Fund, along with angel investors, participated in the round. Ord.io did not disclose a valuation or the structure of the round.

    The platform lets users search, browse and interact with Ordinals inscriptions on the Bitcoin blockchain and intends to use the fresh capital to expand support for the upcoming Runes protocol, a new fungible token standard for Bitcoin launching at the halving.

    “We can now not only double down on our existing features but also introduce new services and financial tools that seamlessly integrate into our core product,” Ord.io’s pseudonymous co-founder Leonidas said in a statement shared with The Block.

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    Gaming Tokens Suffered Major Losses, Falling As Much as 39% in the Past Week

    The crypto markets have experienced significant losses recently, with gaming tokens being hit the hardest. Tokens like GALA, IMX, PIXEL, XAI, and PORTAL have seen drops ranging from 27% to 39% in the past week. Even well-established tokens like AXS, APE, SAND, and ILV have experienced losses of around 27% to 29%.

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    World Chain Launched to Support Worldcoin with an Optimism ‘Superchain’

    Tools for Humanity, the developers behind the Worldcoin project, are launching the World Chain blockchain later this year. Built on top of the Ethereum blockchain using Optimism's "superchain," World Chain will have ETH as its native token and Worldcoin (WLD) can be used to pay gas fees. The goal of World Chain is to provide a dedicated network for Worldcoin users and improve scalability.

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    Bitcoin Is ‘Deleveraging’ In the Futures Market Amid Geopolitical Tensions

    Bitcoin's fall to $61,000 has led to a significant decrease in leverage in the futures market, with the total value of futures contracts traded on major exchanges dropping by $5.2 billion. This deleveraging event was influenced by geopolitical tensions in the Middle East and strong economic data in the US. Despite the recent price drop, Bitcoin's fundamentals remain strong.

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    Ernst & Young Runs Its Contract Management System on Polygon, But Will Move to Ethereum

    Ernst & Young (EY) has announced its enterprise contract management service, OpsChain Contract Manager, which allows clients to put contracts on a public blockchain while keeping business information private through zero-knowledge circuits. While EY markets the service as running on Ethereum, it currently operates on the Polygon proof-of-stake (PoS) blockchain. EY plans to eventually move the service to Ethereum mainnet and a layer-3 in the future.

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    Google Searches for 'Bitcoin Halving' Have Hit a New All-Time High

    Google searches for "Bitcoin Halving" have reached a new all-time high, surpassing the previous record set in May 2020. The upcoming Bitcoin halving, scheduled for later this week, has garnered more attention than any previous halving. This event, which occurs approximately every four years, will reduce the issuance of new Bitcoin and has historically been viewed as bullish for traders and investors.

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    UFC Star ‘Money’ Moicano Urges Fans to Study Mises, Bitcoin

    Ludwig von Mises's writings have gained popularity after being endorsed by MMA fighter Renato "Money" Moicano. Moicano urged his fans to read Mises's books during a post-fight interview, leading to a surge in downloads of "The Six Lessons" and increased sales of other Mises books. The Austrian School of Economics, which Mises advocated for, promotes a laissez-faire approach to the economy and individualism.

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    STEPN and Adidas Release Exclusive NFT Sneaker Collection

    Solana-based move-to-earn application, STEPN, has partnered with Adidas to release an exclusive NFT sneaker collection called STEPN x adidas Genesis Sneakers. The collection includes 1,000 unique NFTs, with early access for 200 STEPN users and the rest available through a raffle. Each NFT is priced at 10,000 GMT and will be sold in two phases for equitable distribution.

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    Liquid Restaking Protocol Puffer Raises $18M, Led by Brevan Howard, Electric Capital

    Liquid restaking protocol Puffer has raised $18 million in a Series A funding round, the company said Tuesday.

    The round was led by Brevan Howard Digital and Electric Capital, with investments from Coinbase Ventures, Kraken Ventures, Lemniscap, Franklin Templeton, Fidelity, Mechanism, Lightspeed Faction, Consensys, Animoca and GSR, the company said in a press release.

    The fresh round of capital will be used to help launch Puffer’s mainnet. Prior to this, Puffer raised $5.5 million in a funding round co-led by Lemniscap and Lightspeed Faction.

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    Andreessen Horowitz Raises $7.2 Billion, Plans More for 2025

    According to Bloomberg, one of Silicon Valley's largest venture capital firms, Andreessen Horowitz (a16z), has raised $7.2 billion in new funds, surpassing the company's previous fundraising target by approximately 4%. The funds will be allocated to different business departments within the company. A source familiar with the matter stated that Andreessen Horowitz is still expected to raise more funds by 2025, focusing on cryptocurrency and biotechnology.

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