Farcaster’s valuation stands at $1 billion as a result of the funding round led by crypto investment firm Paradigm, with a16z crypto, Haun, USV, Variant, and Standard Crypto as backers.
Industry watchers labeled Prometheums’s controversial treatment of ether as a security a bad sign for the spot ETF outlook, but that all changed after a move from the SEC on Monday.
Oracle service network Pyth saw its circulating token supply grow by over 105% on Monday, while layer 1 blockchain network Avalanche will unlock $369 million worth of AVAX tokens on Wednesday.