Merit Systems raised $10 million co-led by a16z crypto and Blockchain Capital
Merit is developing an attribution protocol for open-source projects – a system that would track and reward contributors proportionally to the value they create. The $10 million Seed round was announced with a post-funding valuation of $55.5 million.
👉 theblock.co/post/335347/merit-systems-raises-10-million-in-round-co-led-by-a16z-crypto-and-blockchain-capital
Orbiter unveiled OBT tokenomics ahead of its TGE on January 20th
OBT is the native governance and staking token. Total Supply is 10B OBT. 40% of tokens are dedicated to the community. Orbiter Finance is a cross-rollup bridge designed to facilitate seamless and secure transfers of Ethereum native assets across multiple networks.
👉 orbiter-finance.medium.com/obtokenomics-and-airdrop-eligibility-guide-3549dd00807a
XION native app EarnOS has closed a $5M seed funding
The funding was led by EV3 with the participation of Animoca Brands, Laser Digital, GD1 Capital, XION, Mysten Labs and others. EarnOS is a global advertising and payments platform that enables users to earn rewards by engaging directly with their favorite brands.
👉 twitter.com/earnos_io/status/1879964985817985050
Phantom has raised $150M in a Series C funding round
The funding round with a $3 billion valuation was co-led by Sequoia Capital and Paradigm. Other investors in this round include a16z crypto and Variant. Phantom is a non-custodial crypto wallet for managing assets on Solana, Bitcoin, Ethereum, and Polygon.
👉 phantom.com/learn/blog/phantom-series-c
BNB Chain (BNB) DeFi Ecosystem Overview
BNB DeFi ecosystem has reached a total TVL of $7.43B, marking a 3.31% loss in the last 30D. Leading the ecosystem are PancakeSwap ($1.97B), Venus ($1.82B), and Wrapped Beacon ETH ($608M).
Freshly launched AI-powered projects you should know about
Let's explore newly launched AI-powered projects that are reshaping the industry with advanced technology and innovative applications.
1Money closes a $20 million Seed funding round to build L1 for stablecoin payments
Seed round investors include Galaxy Ventures, F-Prime Capital, Hack VC, Kraken Ventures, Tribe Capital, KuCoin Ventures, MoonPay, Bing, Amber, Bankless Ventures,and others. 1Money Network is an L1 blockchain purpose-built for stablecoin payments.
👉 theblock.co/post/334764/1money-raises-20-million-in-seed-funding-to-build-layer-1
Pyth Network (PYTH) unveiled a new oracle solution - Lazer
Lazer delivers ultra-low-latency price feeds with updates as fast as 1 millisecond enabling DeFi apps to operate with a speed and efficiency comparable to, or even surpassing, traditional CEXs.
👉 pyth.network/blog/introducing-pyth-lazer-launching-defi-into-real-time
E Money Network has closed a $5.2M funding round
The funding round was co-led by Kelsier and Animoca Brands, with GBV, Momentum 6, Morningstar Ventures, KuCoin, and others participating. E Money Network is a modular blockchain designed for seamless interoperability between DeFi and RWA tokenization.
👉 x.com/emoney_network/status/1879584004107911414
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $3.61T (+1.24%)
BTC Price: $98,764 (+1.48%)
BTC Dominance: 54.2% (-0.30%)
Fear & Greed Index: 75 (Greed)
Total Value Locked: $195B (+4.05%)
Top NFT Collections by Market Cap Growth in the last 30D
NFT Collection Market cap is equal to the floor price multiplied by the total number of NFTs in the collection. Market Cap growth signifies the increase of either its floor price or the number of NFTs.
Swell (SWELL) has dropped out a Wavedrop 2 Wallet Checker
Users can now check eligibility and claim rewards on Swellchain until January 22. The rewards will be distributed to Wavedrop 2 and L2 Pre-Launch depositors in SWELL, with an additional EIGEN airdrop representing a share of 1 million Eigenlayer Points.
👉 x.com/swellnetworkio/status/1877899518035022138
DeXe Protocol (DEXE) launches multi-chain staking with $8.5 million in rewards
The staking program is now available for all DEXE holders on BNB Chain and Ethereum. The program allocates 526,250 DEXE tokens, valued at over $8.5 million at the current rate. Previously, DeXe was deployed on Ethereum and surpassed $1 billion in TVL.
👉 dexenetwork.medium.com/dexe-dao-multi-chain-staking-program-is-live-with-over-8-5m-pool
Solv Protocol has unveiled the details of SOLV tokenomics
Max token supply: 9,66B. Circulating supply upon Binance listing: 1,48B (15.3% of max token supply). Solv is the 3rd project that launches via Binance Megadrop, a platform with airdrops and Web3 quests. SOLV listing on Binance will occur on January 17th, 10:00 UTC.
👉 solvprotocol.medium.com/solv-token-launch-a-step-towards-the-future-of-bitcoin-finance-5fb64a69220b
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $3.53T (+0.91%)
BTC Price: $96,997 (+0.24%)
BTC Dominance: 54.5% (-0.40%)
Fear & Greed Index: 70 (Greed)
Total Value Locked: $188B (+3.34%)
Ethereum mainnet upgrade Pectra is scheduled for March
Upcoming upgrade aims to enhance network efficiency and scalability. A key feature is EIP-7251, which proposes increasing the validator stake from 32 to 2,048 ETH. This adjustment allows them to reduce operational complexity and improve network performance.
👉 theblock.co/post/335357/ethereum-pectra-march
Solv Protocol (SOLV) has been initially listed on Binance
Current SOLV price is $0.1499. Market Cap is $215M. Diluted Valuation is $1.22B. Solv Protocol is a leading Bitcoin staking platform that abstracts away the complexities of Bitcoin staking through the Staking Abstraction Layer.
👉 x.com/SolvProtocol/status/1880193356422390008
Animecoin (ANIME) launches on OKX Jumpstart on Jan 20th
Users will be able to stake OKB (Max. 600) and BTC (Max. 0.3) to mine ANIME. The project allocated 80M ANIME for mining equally into two pools. Mining period starts on Jaunary 20, 6:00 UTC. Animecoin is a project that aims to onboard fans of anime to Web3.
👉 okx.com/help/introducing-anime-animecoin-on-okx-jumpstart
DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $3.74T (+0.79%)
BTC Price: $101,915 (+3.24%)
BTC Dominance: 54.0% (-0.20%)
Fear & Greed Index: 75 (Greed)
Total Value Locked: $197B (+0.91%)
Coinbase launches Bitcoin-backed onchain loans via Morpho Protocol
Customers can borrow up to $100,000 in USDC using their BTC holdings as collateral via Coinbase. The lending process is powered by Morpho, operating on Base, with Coinbase offering an interface to access the protocol but not directly managing the loans.
👉 theblock.co/post/335007/coinbase-bitcoin-backed-onchain-loans-morpho
Tether (USDT) introduced its cross-chain stablecoin USDT0
Tether taps Kraken’s Ink Layer 2 for the first deployment of its cross-chain USDT0 stablecoin. USDT0 uses LayerZero’s Omnichain Fungible Token standard and develops into a cross-chain unified liquidity layer, making transferring USDT across the crypto ecosystem easier.
👉 theblock.co/post/335144/tether-taps-krakens-ink-layer-2-for-the-first-deployment-of-its-cross-chain-usdt0-stablecoin
Kernel DAO (KERNEL) has launched a $40M Ecosystem Fund
The fund has garnered support from Cypher Capital, Laser Digital, SCB Limited, Hypersphere Ventures, ArkStream, and Levitate Labs. In addition to the fund, Kernel allocating 5% of token supply as development grants for developerss and partners.
👉 kerneldao.com/blog/announcing-our-40m-ecosystem-fund-to-expand-bnb-restaking
Registration for Aligned (ALIGN) ICO on CoinList starts today
Registration runs until January 23rd, 17:00 UTC. Hard cap: 166,666,667 ALIGN. Sale options: ALIGN at $0.03 (FDV: $300M) or $0.04 (FDV: $400M). Aligned is a ZK modular stack that enables builders to use proofs with minimal complexity and costs.
👉 coinlist.co/aligned
Saga (SAGA) launched a cross-chain AI agent protocol, Metropolis
The protocol integrates Wayfinder's multi-chain AI agent framework, Virtuals' dynamic virtual agents, and Eliza Labs' ElizaOS system. Metropolis allows AI agents to deploy and manage independent Layer 1 networks through the Saga infrastructure.
👉 medium.com/sagaxyz/saga-unites-virtuals-eliza-labs-wayfinder-and-metropolis-to-usher-in-the-future-of-blockchain-e96dcaa39316
Crypto Events Recap, January 14-15
👉 cryptodiffer.com/feed/project-updates/crypto-events-recap-january-14-15-2025
Aethir (ATH) has announced an integration with EigenLayer (EIGEN)
Aethir will integrate EigenLayer’s restaking solution and AVS model to simplify the onboarding process for new cloud hosts into its ecosystem. In addition, Aethir will empower its users to stake ATH on EigenLayer with booster rewards in EIGEN.
👉 x.com/AethirCloud/status/1879534213667430849
The onchain UX platform Reown raised $13 million in Series B funding
The round was led by Union Square Ventures and 1kx, with participation from Kraken, Shopify, Global Digital Asset Holdings, Cryptо.cоm, Figment, Kiln, Everstake, BitGo Ventures, Fenbushi.
👉 x.com/reown_/status/1879534370278781186
Plume Network unveiled PLUME token and Airdrop Season 1
Season 1 airdrop is designed to reward early adopters, testnet users with miles, active community members, pre-deposit stakers and global community members. Plume is the first fully integrated and modular chain focused on RWAfi.
👉 plumenetwork.xyz/blog/airdrop
Top BNB Chain dApps by the number of users in the last 30D
The infographic depicts the Top BNB Chain dApps sorted by the number of Unique Active Wallets interacting or performing a transaction with a dApp's smart contracts in the last 30 days.